Trust Montana INC EIN 45-3204921 Form 990 (PDF) Claim this org

Trust Montana INC

Not yet claimed Claim this org →

Promotes community land trusts to create affordable housing and preserve vital assets. For fiscal year 2025 it reported $523K in revenue, $287K in expenses, and $2.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Missoula, MT
Website
trustmontana.org
Filings
6 on file (2020–2025)
Revenue
$523KFY2025
Expenses
$287K
Net assets
$2.3M
People
14
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-3204921 Public charity (501(c)(3)) Missoula, MT
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Trust Montana INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Promotes community land trusts to create affordable housing and preserve vital assets.
Leadership
Dawn Conklin · Executive Director · $70K
Money in and out
$523K revenue, $287K expenses
Bottom line
30% program efficiency
Where the money goes · FY2025
Total revenue
$523K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $236K
Where spending went · Part IX cols B–D
Program services $0.30 Management & general $0.39 Fundraising $0.31
Program efficiency
30%
of spending reaches programs▼ -56% vs prior filing year
Operating runway
17.8mo
months of highly liquid reserves at operating expense rate▲ +25% vs prior filing year
Surplus margin
+45%
revenue over expenses, this year▼ -42% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$523K
FY2025▼ -57%
Expenses
$287K
FY2025▲ +8%
Total assets
$2.3M
FY2025▲ +11%
Total liabilities
$33K
FY2025▼ -20%
Total revenue
$523K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$236K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B30%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $86K of program spending, described in the organization's 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

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrust Montana INC
EINHdr · item D45-3204921
Principal addressHdr · item CMissoula, MT
WebsiteHdr · item Jtrustmontana.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFNov 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$69,904Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Dawn Conklin’s $70K as Executive Director is at the 46th percentile of top reported officer pay among 1711 $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

NameFY2025FY2024
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.

See Trust Montana INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$486K · 93%
Program service revenue$34K · 7%
Contributions & grants93%$486K
Program service revenue7%$34K
Investment income$2K
Total revenueLn 12$523K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.30 Management & general $0.39 Fundraising $0.31
Program services30%$86K
Management & general39%$111K
Fundraising31%$90K
Total functional expensesLn 25$287K

Balance Sheet

Part X · end of year
CashLn 1$358K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$33K
Total net assetsLn 32$2.3M
Months of cash on handcomputed15.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $358K · Operating expenses (Pt IX) $287K · Less non-cash grants $46K · Cash operating expenses/yr $241K
17.8 months
Where the money goes
Program services
Program services $86K · Total expenses $287K
30%
Management & General
Management & general $111K · Total expenses $287K
39%
Fundraising
Fundraising $90K · Total expenses $287K
31%
Cost to raise $1
Fundraising expense (3-yr avg) $40K · Solicited contributions (3-yr avg) $549K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $486K · Total revenue $523K
93%
Government reliance
Government grants — · Total revenue $523K
Earned-income share
Program service revenue $34K · Total revenue $523K
7%
Investment reliance
Investment income $2K · Total revenue $523K
+0.4%
Program self-sufficiency
Program service revenue $34K · Total expenses $287K
12%
Growth & trend
Revenue growth (YoY)
This year $523K · Prior year $1.2M
-57%
Revenue CAGR
FY2020 $313K · FY2025 $523K
+11%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $523K · Expenses $287K
+45%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dawn Conklin · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $70K · Total expenses $287K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $225K · Total expenses $287K
78%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 30%
Overhead ratio 39%
Fundraising cost ratio 18%
Revenue growth -57%
Legal fee ratio 0.06%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$15K

Similar Organizations

Closest in mission — by what they do
See all organizations like Trust Montana INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$523K revenue · viewing · ⤓ 990 PDF
FY2024$1.2M revenue · ⤓ 990 PDF
FY2023$298K revenue · ⤓ 990 PDF
FY2022$501K revenue · ⤓ 990 PDF
FY2021$321K revenue · ⤓ 990 PDF
FY2020$313K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.