Trust Montana INC: Nonprofit Profile, Financials & Form 990 (EIN 45-3204921)

Dawn Conklin’s $70K as Executive Director is at the 46th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

Name	FY2025	FY2024
Dawn Conklin	$69,904	$68,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes
Loans to or from officersSch L · Pt II1 listed

Programs and updates

Promotes community land trusts to create affordable housing and preserve vital assets.

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3 programs · $86K · in their own filed words · FY2025

01

Clt Homes

Trust montana's permanently affordable homes program preserves rental units and homeownership properties in trust to guarantee affordability for current and future families. Trust montana stewards 30 homes and 5 rental properties in eight communities across the state, having added two new home ownership opportunities and one rental units…

$55Kprogram expense

02

Education and Advocacy of Clts

Trust montana also leads efforts to expand education and understanding of the community land trust model in the state through its CLT education program. With 22 presentations in 2025, serving 1,350 people, the organization supports realtors, title agents, lenders, and potential homebuyers.

$17Kprogram expense

03

Clt Farm

In 2025, on the heels of trust montana's community land trust farm under the organization's ag land preservation program, we continued our work with the farmer and engaging ag and conservations experts to serve on our newly founded farm viability committee. We pursued new opportunities.

$14Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

The High Stakes FoundationFY2025$15K

Total grants receivedfrom 1 funder$15K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$523K

Ln 12

Gifts and grantsLn 1h$486K

Fees for servicesLn 2g$34K

Investment incomeLn 3$2K

Money outPt IX

$287K

Ln 25

Programscol B$86K

Managementcol C$111K

Fundraisingcol D$90K

Owns and owesPt X

$2.3M

net assets · Ln 32

Cash and savingsLn 1–2$358K

Total assetsLn 16$2.3M

LiabilitiesLn 26$33K

PeoplePt VI, VII

14

listed · VII A

PaidVII A1

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$486K

Noncash giftsLn 1g$46K

Fees for servicesLn 2g$34K

Investment incomeLn 3$2K

Total revenueLn 12$523K

Assets in detailPt X, end of year

CashLn 1$115K

SavingsLn 2$242K

Cash and savings togetherLn 1–2$358K

Land, buildings, equipmentLn 10c$2.0M

Total assetsLn 16$2.3M

LiabilitiesLn 26$33K

Net assetsLn 32$2.3M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$176K	$358K
Land, buildings, equipmentLn 10c	$1.9M	$2.0M
Total assetsLn 16	$2.1M	$2.3M
LiabilitiesLn 26	$41K	$33K
Net assetsLn 32	$2.1M	$2.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$70K	$45K	$14K	$10K
Other salaries and wagesLn 7	$131K	$14K	$55K	$63K
Other employee benefitsLn 9	$6K	$2K	$2K	$2K
Payroll taxesLn 10	$18K	$5K	$6K	$6K
Legal feesLn 11b	$170	$170
Accounting feesLn 11c	$17K		$17K
Advertising and promotionLn 12	$5K	$2K		$4K
Office expensesLn 13	$4K	$332	$3K	$1K
Information technologyLn 14	$7K		$7K	$49
OccupancyLn 16	$713	$713
TravelLn 17	$6K	$1K	$3K	$1K
Conferences, conventions and meetingsLn 19	$3K	$329	$1K	$1K
InterestLn 20	$1K	$1K
InsuranceLn 23	$4K	$2K	$2K
Other expenses (24a–d)Ln 24	$13K	$12K	$1K
Total functional expensesLn 25	$287K	$86K	$111K	$90K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$523K	$287K	$236K	$2.3M	990 PDF
FY2024	$1.2M	$265K	$960K	$2.1M	990 PDF
FY2023	$298K	$252K	$47K	$1.1M	990 PDF
FY2022	$501K	$258K	$244K	$861K	990 PDF
FY2021	$321K	$269K	$52K	$618K	990 PDF
FY2020	$313K	$166K	$146K	$566K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $522,793 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,187,272$486,452

I-9 Program service revenuePrior year $31,554$34,020

I-10 Investment incomePrior year $6,502$2,321

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $1,225,328$522,793

I-13 Grants and similar amounts paidPrior year $2,300$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $204,083$224,967

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $58,630$62,177

I-18 Total expensesPrior year $265,013$287,144

I-19 Revenue less expensesPrior year $960,315$235,649

Part VI · Governance 13 of 13 board members independent, no flags

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $522,793 across 6 lines filed

VIII-1f All other contributions, gifts and grants$486,452

VIII-1g Noncash contributions (included above)$46,005

VIII-1h Total contributions, gifts and grants$486,452

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,020$34,020

VIII-3 Investment incomeExcluded from tax $2,321$2,321

VIII-12 Total revenueRelated to mission $34,020 · Unrelated business $0 · Excluded from tax $2,321$522,793

Part IX · Statement of functional expenses $287,144 across 15 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $45,438 · Management $13,981 · Fundraising $10,485$69,904

IX-7 Other salaries and wagesPrograms $14,080 · Management $54,568 · Fundraising $62,559$131,207

IX-9 Other employee benefitsPrograms $1,772 · Management $2,042 · Fundraising $2,176$5,990

IX-10 Payroll taxesPrograms $5,287 · Management $6,090 · Fundraising $6,489$17,866

IX-11b Legal feesPrograms $170$170

IX-11c Accounting feesManagement $17,472$17,472

IX-12 Advertising and promotionPrograms $1,500 · Fundraising $3,764$5,264

IX-13 Office expensesPrograms $332 · Management $2,744 · Fundraising $1,335$4,411

IX-14 Information technologyManagement $6,900 · Fundraising $49$6,949

IX-16 OccupancyPrograms $713$713

IX-17 TravelPrograms $1,050 · Management $3,444 · Fundraising $1,419$5,913

IX-19 Conferences, conventions and meetingsPrograms $329 · Management $1,054 · Fundraising $1,270$2,653

IX-20 InterestPrograms $1,360$1,360

IX-23 InsurancePrograms $2,244 · Management $1,624$3,868

IX-24 Other expenses (24a–d)Programs $11,923 · Management $1,481$13,404

IX-25 Total functional expensesPrograms $86,198 · Management $111,400 · Fundraising $89,546$287,144

Part X · Balance sheet $2,321,382 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $81,374$115,491

X-2 Savings and temporary cash investmentsStart of year $94,361$242,300

X-10c Land, buildings and equipment, netStart of year $1,917,586$1,963,591

X-16 Total assetsStart of year $2,093,905$2,321,382

X-17 Accounts payable and accrued expensesStart of year $204$2,261

X-25 Other liabilitiesStart of year $6,114$5,390

X-26 Total liabilitiesStart of year $40,816$32,651

X-27 Net assets without donor restrictionsStart of year $1,300,258$466,140

X-28 Net assets with donor restrictionsStart of year $752,831$1,822,591

X-32 Total net assets or fund balancesStart of year $2,053,089$2,288,731

X-33 Total liabilities and net assetsStart of year $2,093,905$2,321,382

Part XI · Reconciliation of net assets $2,288,731 net assets at year end

XI-1 Total revenue$522,793

XI-2 Total expenses$287,144

XI-3 Revenue less expenses$235,649

XI-4 Net assets at start of year$2,053,089

XI-5 Net unrealized gains (losses) on investments−$7

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$2,288,731

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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