Montana Joint Powers Trust

Not tax-deductible

Billings, MTMutual-benefit / member-servingSince 1988Mutual / membership EIN 81-0457009Revenue $51.6M in FY2025

On file with the IRSjointpowerstrust.comPo Box 81647, 59108-1647 · Billings, MTTax-exempt since Mar 1990

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People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $515K a year · 1% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$175K
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $6.2M in investments, Pt X · Ln 11–13
Fine: 0.4 months of spending in cash, plus $6.2M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$9.2M
99% of total assets
Concern: liabilities are 99% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$51.6M
+31% vs prior year
Spent
$51.6M
Net assets
$134K
By yearFY2020–FY2025
Revenue
$51.6M
FY2025▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$34.7M
FY2021$40.7M
FY2022$38.6M
FY2023$40.9M
FY2024$39.3M
FY2025$51.6M
Expenses
$51.6M
FY2025▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$34.3M
FY2021$41.9M
FY2022$39.5M
FY2023$40.2M
FY2024$41.3M
FY2025$51.6M
Net assets
$134K
FY2025▲ ×46
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$2.4M
FY2022$495K
FY2023$1.6M
FY2024−$3K
FY2025$134K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990; $175K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$174,891Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Trustee Until Sept
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Shane Heigis$174,891$165,931$159,357$152,112$151,540$139,745

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 15aNo

Programs and updates

Offers affordable health plans and wellness education to Montana and Wyoming public service employees.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The plans within the trust provide health benefits (medical, hospital, surgical, major medical and dental) for all eligible employees of the employers with 20 to 40 hours of service per week, their families and their dependents as defined by agreement with the trust.

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$51.6M
Ln 12
Fees for servicesLn 2g$51.2M
Investment incomeLn 3$350K
Money outPt IX
$51.6M
Ln 25
Owns and owesPt X
$134K
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$9.3M
LiabilitiesLn 26$9.2M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$51.2M
Investment incomeLn 3$350K
Gains on assetsLn 7$129K
Total revenueLn 12$51.6M
Assets in detailPt X, end of year
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$1.6M
InvestmentsLn 11–13$6.2M
Land, buildings, equipmentLn 10c$58K
Total assetsLn 16$9.3M
LiabilitiesLn 26$9.2M
Net assetsLn 32$134K
OperationsPt I, VI
EmployeesI 54
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$575K$1.6M
InvestmentsLn 11–13$6.5M$6.2M
Land, buildings, equipmentLn 10c$88K$58K
Total assetsLn 16$7.9M$9.3M
LiabilitiesLn 26$8.0M$9.2M
Net assetsLn 32−$3K$134K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$46.4M
Pay of current officers, directors and key staffLn 5$211K
Other salaries and wagesLn 7$181K
Pension plan contributionsLn 8$13K
Other employee benefitsLn 9$25K
Payroll taxesLn 10$28K
Management feesLn 11a$1.4M
Accounting feesLn 11c$38K
Investment management feesLn 11f$58K
Other fees for servicesLn 11g$928K
Advertising and promotionLn 12$36K
Office expensesLn 13$22K
TravelLn 17$71K
Conferences, conventions and meetingsLn 19$5K
Depreciation, depletion and amortizationLn 22$30K
InsuranceLn 23$54K
Other expenses (24a–d)Ln 24$2.1M
All other expensesLn 24e$765
Total functional expensesLn 25$51.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $51.6M$51.6M−$63K$134K 990 PDF
FY2024 $39.3M$41.3M−$2.0M−$3K 990 PDF
FY2023 $40.9M$40.2M$622K$1.6M 990 PDF
FY2022 $38.6M$39.5M−$873K$495K 990 PDF
FY2021 $40.7M$41.9M−$1.2M$2.4M 990 PDF
FY2020 $34.7M$34.3M$406K$3.1M 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 J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $51,572,711 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $39,089,685$51,223,017
I-10 Investment incomePrior year $197,083$349,694
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $39,286,768$51,572,711
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $36,947,551$46,399,098
I-15 Salaries and benefitsPrior year $444,978$456,567
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,858,473$4,780,372
I-18 Total expensesPrior year $41,251,002$51,636,037
I-19 Revenue less expensesPrior year −$1,964,234−$63,326
Part VI · Governance 0 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $51,572,711 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $51,223,017$51,223,017
VIII-3 Investment incomeUnrelated business $221,097$221,097
VIII-7 Net gain or loss on sales of assetsUnrelated business $128,597$128,597
VIII-12 Total revenueRelated to mission $51,223,017 · Unrelated business $349,694 · Excluded from tax $0$51,572,711
Part IX · Statement of functional expenses $51,636,037 across 18 lines filed
IX-4 Benefits paid to or for members$46,399,098
IX-5 Pay of current officers, directors and key staff$211,075
IX-7 Other salaries and wages$180,637
IX-8 Pension plan contributions$12,644
IX-9 Other employee benefits$24,514
IX-10 Payroll taxes$27,697
IX-11a Management fees$1,412,688
IX-11c Accounting fees$37,750
IX-11f Investment management fees$57,777
IX-11g Other fees for services$927,582
IX-12 Advertising and promotion$36,442
IX-13 Office expenses$21,773
IX-17 Travel$71,396
IX-19 Conferences, conventions and meetings$4,929
IX-22 Depreciation, depletion and amortization$29,655
IX-23 Insurance$54,155
IX-24 Other expenses (24a–d)$2,125,460
IX-24e All other expenses$765
IX-25 Total functional expenses$51,636,037
Part X · Balance sheet $9,312,429 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $574,777$1,607,535
X-4 Accounts receivableStart of year $781,548$1,423,736
X-10c Land, buildings and equipment, netStart of year $87,783$58,128
X-11 Publicly traded securitiesStart of year $6,505,849$6,223,030
X-16 Total assetsStart of year $7,949,957$9,312,429
X-17 Accounts payable and accrued expensesStart of year $84,073$139,947
X-19 Deferred revenueStart of year $487,570$547,373
X-25 Other liabilitiesStart of year $7,381,384$8,491,277
X-26 Total liabilitiesStart of year $7,953,027$9,178,597
X-27 Net assets without donor restrictionsStart of year −$3,070$133,832
X-32 Total net assets or fund balancesStart of year −$3,070$133,832
X-33 Total liabilities and net assetsStart of year $7,949,957$9,312,429
Part XI · Reconciliation of net assets $133,832 net assets at year end
XI-1 Total revenue$51,572,711
XI-2 Total expenses$51,636,037
XI-3 Revenue less expenses−$63,326
XI-4 Net assets at start of year−$3,070
XI-5 Net unrealized gains (losses) on investments$229,706
XI-8 Prior period adjustments−$29,478
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$133,832

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

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