Civic Intelligence

Beartooth Billings Clinic Foundation

990 • Fiscal year 2021 • EIN 81-0484562

Jul 01, 2020 to Jun 30, 2021 • Filed on May 06, 2022

PO Box 1290Red Lodge, MT 59068

(406) 446-2345

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

42nd percentile

0.06x

Higher debt load relative to revenue than 42% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

94th percentile

74%

Higher net margin than 94% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

94th percentile

$254,015

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 59.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

76th percentile

29%

Faster asset growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

74%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,261,037

Up $729,195 (+29%) from 2020

Net Assets

Up

$3,236,549

Up $727,630 (+29%) from 2020

Liabilities

Up

$24,488

Up $1,565 (+6.8%) from 2020

Revenue

Up

$430,857

Up $183,588 (+74%) from 2020

Expenses

Down

$110,387

Down $54,083 (-33%) from 2020

Net Income

Up

$320,470

Up $237,671 (+287%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,632,612Liabilities 2010: $20,697Net Assets 2010: $1,611,9152010Assets 2011: $1,675,251Liabilities 2011: $6,400Net Assets 2011: $1,668,8512011Assets 2012: $1,500,165Liabilities 2012: $781Net Assets 2012: $1,499,3842012Assets 2013: $1,557,452Liabilities 2013: $1,358Net Assets 2013: $1,556,0942013Assets 2014: $1,786,118Liabilities 2014: $8,852Net Assets 2014: $1,777,2662014Assets 2015: $1,890,104Liabilities 2015: $17,066Net Assets 2015: $1,873,0382015Assets 2016: $1,984,649Liabilities 2016: $20,560Net Assets 2016: $1,964,0892016Assets 2017: $2,358,067Liabilities 2017: $21,032Net Assets 2017: $2,337,0352017Assets 2018: $2,361,148Liabilities 2018: $22,868Net Assets 2018: $2,338,2802018Assets 2019: $2,467,918Liabilities 2019: $32,127Net Assets 2019: $2,435,7912019Assets 2020: $2,531,842Liabilities 2020: $22,923Net Assets 2020: $2,508,9192020Assets 2021: $3,261,037Liabilities 2021: $24,488Net Assets 2021: $3,236,5492021Assets 2022: $2,971,969Liabilities 2022: $25,104Net Assets 2022: $2,946,8652022Assets 2023: $2,902,499Liabilities 2023: $18,265Net Assets 2023: $2,884,2342023Assets 2024: $3,843,152Liabilities 2024: $20,514Net Assets 2024: $3,822,6382024

Highlighted filing

2021

Assets$3,261,037
Liabilities$24,488
Net Assets$3,236,549

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $694,3232010Expenses 2011: $232,7792011Expenses 2012: $547,2542012Revenue 2013: $296,643Expenses 2013: $286,068Net Income 2013: $10,5752013Revenue 2014: $421,459Expenses 2014: $149,155Net Income 2014: $272,3042014Revenue 2015: $181,234Expenses 2015: $78,967Net Income 2015: $102,2672015Revenue 2016: $269,388Expenses 2016: $108,342Net Income 2016: $161,0462016Revenue 2017: $328,296Expenses 2017: $95,299Net Income 2017: $232,9972017Revenue 2018: $325,437Expenses 2018: $329,441Net Income 2018: -$4,0042018Revenue 2019: $290,457Expenses 2019: $205,255Net Income 2019: $85,2022019Revenue 2020: $247,269Expenses 2020: $164,470Net Income 2020: $82,7992020Revenue 2021: $430,857Expenses 2021: $110,387Net Income 2021: $320,4702021Revenue 2022: $260,796Expenses 2022: $85,546Net Income 2022: $175,2502022Revenue 2023: $298,289Expenses 2023: $463,404Net Income 2023: -$165,1152023Revenue 2024: $865,770Expenses 2024: $83,624Net Income 2024: $782,1462024

Highlighted filing

2021

Revenue$430,857
Expenses$110,387
Net Income$320,470
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 6, 2022
Return Version
2020v4.1
Gross Receipts
$960,369
Mission and Program Overview

Mission

Raise funds and manage investments for the beartooth billings clinic

Raise funds and manage investments for the beartooth billings clinic.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,240,441$2,919,163▲ $678,722
Cash and Non-Interest-Bearing Accounts$239,088$306,064▲ $66,976
Pledges and Grants Receivable$45,000$28,490▼ $16,510
Savings and Temporary Cash Investments$7,313$7,320▲ $7
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$2,531,842$3,261,037▲ $729,195
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$22,923$24,488▲ $1,565
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$22,923$24,488▲ $1,565
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,509,164$1,992,450▲ $483,286
Net Assets Without Donor Restrictions$999,755$1,244,099▲ $244,344
Total Net Assets Fund Balance$2,508,919$3,236,549▲ $727,630
Total Liabilities and Net Assets / Fund Balance$2,531,842$3,261,037▲ $729,195

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$5,825$5,825
Equipment$0$3,147$3,147

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$1,379,415-▲ $164,220-$1,543,635
2019$1,358,501$46,335▼ $25,421-$1,379,415
2018$1,262,833$21,926▲ $73,742-$1,358,501
2017$1,172,281$13,289▲ $77,263-$1,262,833
2016$1,021,106$24,669▲ $126,506-$1,172,281
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Linda HarrisDirector of Foundation and FinancePT$129,593$129,593

Board Members and Trustees

NameTitle
Clay CumminsPast President
Don HamiltonPresident
Rhonda BakerVice President
Kelley EvansCEO / Director
Cheryl FowellDirector
Dick FellowsDirector
Dr Dallas ClarkDirector
Joanne CoolidgeDirector
Joe GriffinDirector
Mel ReinhardtDirector
Norm TjeltveitDirector
Sharon Norby RnDirector
Dr Deborah AgnewSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$196,447
Program Service Revenue
$0
Investment Income
$232,610
Other Revenue
$1,800
All Other Contributions
$184,992
Change in Net Assets
$320,470
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$63,732
Other Expenses$46,655
Total Fundraising Expense$15,696
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$63,732--$63,732
Office Expenses$2,805$6,790$11,323$20,918
Fees for Service Investment Mgmnt Fees-$14,539-$14,539
Fees for Services Accounting-$3,120-$3,120
Advertising$320$776$1,294$2,390
Other Expenses$287$694$1,156$2,137
Insurance$216$524$874$1,614
Travel$66$159$266$491
Depreciation Depletion$38$93$155$286
Total Functional Expenses$67,620$27,071$15,696$110,387
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Beartooth Billings ClinicRed Lodge, MT501(c)(3)To Support Organization$62,507
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Gift Annuity Liability$24,488
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Family and business relationships: the following persons are all employees of a related organization and therefore have a business relationship: *kelley evans - ceo *linda harris - director of foundation & finance

Form 990, Part VI, Section A, Line 6

The sole corporate member of the foundation consists of the beartooth billings clinic, a montana nonprofit corporation.

Form 990, Part VI, Section A, Line 7A & 7B

The member shall work in collaboration with the foundation to consider and approve: (a) appointments to the foundation's board of directors (b) appointment of the president of the foundation board (c) all amendments to the foundation's articles of incorporation and bylaws before such amendments become effective (d) the annual budget

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by the organization's independent accountant and provided to the board for review and approval prior to submitting to the irs.

Form 990, Part VI, Section B, Line 12C

The board periodically reviews and monitors a conflict of interest policy to protect the foundation's interest when it is contemplating any transaction or arrangement, which may benefit any director, officer or employee with board-delegated powers. The policy shall: - define the financial interests that obligate an individual to disclose actual or possible conflicts of interests; - establish procedures for determining the existence of the conflict without participation by the potentially interested person; - establish procedures for addressing the conflict including investigation of alternatives and requiring determinations as to whether the transaction or arrangement is in the foundation's best interest and whether it is fair and reasonable to the foundation; - establish procedures for violations of the policy; - specify the records to be maintained relating to conflict disclosures, and determination of conflicts; - require annual statements from all directors, officers and members of the foundation board reflecting review and compliance with the policy; and - require periodic reviews to ensure the foundation acts in a manner consistent with its charitable purposes.

Form 990, Part VI, Section B, Line 15A

Review of executive compensation: the board of directors is responsible for determining compensation for executive level employees. Comparative market data is collected annually and analyzed and the compensation packages are approved by the board of directors. Upon this determination the board of directors record this in the meeting minutes with an approval of the budget.

Form 990, Part VI, Section C, Line 19

No documents are available to the public.

Filing and Contact Details

Filer

Filer Name
Beartooth Billings Clinic Foundation
EIN
81-0484562
In Care Of
% LINDA HARRIS
Phone
4064462345
Address
PO BOX 1290, RED LODGE, MT 59068

Signing Officer

Name
Cheryl Fowell
Title
President
Phone
4064462345
Signed
2022-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Abby Lotz Rn CEO
Formed
1998
Legal Domicile
Mt
Voting Board Members
12
Independent Board Members
10
Employees
0
Volunteers
12

Preparer

Firm
Bkd Llp
Address
111 South Tejon Suite 800, Colorado Springs, CO 80903-9848
Preparer
Adam R Smith CPA
Phone
7194714290
Supplemental Narrative

Financial Statement Notes

Schedule D, Part V, Line 4

The foundation's endowment consists of numerous individual funds established for a variety of purposes. The endowment includes both donor-restricted endowment funds and funds designated by the governing body to function as endowments (board designated endowment funds). Permanently restricted net assets consist of donor restricted contributions to a permanent endowment fund, the principal of which is required to remain in perpetuity. The income generated from permanently restricted assets may be used to perpetuate and assist in satisfying operating expenses and capital improvements for beartooth billings clinic.

Schedule D, Part X, Line 2

UNCERTAIN TAX POSITIONS: Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO / DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIR. OF FOUNDATION AND FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/OtherExpensesGrp/Desc1Miscellaneous Expense
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0376
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IRS990/ReportOtherAssetsInd0false
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt07313
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07320
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0211151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0229331
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0273098
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IRS990ScheduleA/PublicSupportTotal170Amt0966371
IRS990ScheduleA/SubstantialContributorsTotAmt0117873

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.84$0.02$3.82$0.87$0.08$0.78
2023Detailed filing. Detailed filing data is available for this year.$2.90$0.02$2.88$0.30$0.46$0.17
2022Detailed filing. Detailed filing data is available for this year.$2.97$0.03$2.95$0.26$0.09$0.18
2021Detailed filing. Detailed filing data is available for this year.$3.26$0.02$3.24$0.43$0.11$0.32
2020Detailed filing. Detailed filing data is available for this year.$2.53$0.02$2.51$0.25$0.16$0.08
2019Detailed filing. Detailed filing data is available for this year.$2.47$0.03$2.44$0.29$0.21$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.36$0.02$2.34$0.33$0.33$0.00
2017Detailed filing. Detailed filing data is available for this year.$2.36$0.02$2.34$0.33$0.10$0.23
2016Detailed filing. Detailed filing data is available for this year.$1.98$0.02$1.96$0.27$0.11$0.16
2015Summary only. Only limited summary data is available for this year.$1.89$0.02$1.87$0.18$0.08$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.79$0.01$1.78$0.42$0.15$0.27
2013Detailed filing. Detailed filing data is available for this year.$1.56$0.00$1.56$0.30$0.29$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.00$1.50$0.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.68$0.01$1.67$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.02$1.61$0.69