Civic Intelligence

Montana Economic Developers Association

EIN 81-0488036 • 501(c)3 • Butte, MT

Profile

Montana economic developers association (meda) is an association of economic development professionals. We are professional "lead" dvelopers, business specialists, government employees, and staff members of affiliated non-profit organization which promote and foster economic development in montana.

11 E Park StButte, MT 59701

www.medamembers.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.24x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

0.20x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

22%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

52%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$204,448

Up $37,005 (+22%) from 2023

Liabilities

Up

$48,810

Up $48,810 from 2023

Net Assets

Down

$155,638

Down $11,805 (-7.1%) from 2023

Operations
Liabilities / Revenue86th percentileNet Margin73rd percentile

Revenue

Up

$240,969

Up $82,087 (+52%) from 2023

Expenses

Up

$196,124

Up $60,664 (+45%) from 2023

Net Income

Up

$44,845

Up $21,423 (+91%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2010: $210,308Liabilities 2010: $0Net Assets 2010: $210,3082010Assets 2011: $167,159Liabilities 2011: $0Net Assets 2011: $167,1592011Assets 2012: $103,578Liabilities 2012: $0Net Assets 2012: $103,5782012Assets 2013: $113,260Liabilities 2013: $0Net Assets 2013: $113,2602013Assets 2014: $104,687Liabilities 2014: $0Net Assets 2014: $104,6872014Assets 2015: $108,463Liabilities 2015: $0Net Assets 2015: $108,4632015Assets 2016: $100,064Liabilities 2016: $0Net Assets 2016: $100,0642016Assets 2017: $93,697Liabilities 2017: $0Net Assets 2017: $93,6972017Assets 2018: $81,881Liabilities 2018: $0Net Assets 2018: $81,8812018Assets 2019: $111,297Liabilities 2019: $0Net Assets 2019: $111,2972019Assets 2020: $95,098Liabilities 2020: $0Net Assets 2020: $95,0982020Assets 2021: $116,578Liabilities 2021: $0Net Assets 2021: $116,5782021Assets 2022: $144,021Liabilities 2022: $0Net Assets 2022: $144,0212022Assets 2023: $167,443Liabilities 2023: $0Net Assets 2023: $167,4432023Assets 2024: $204,448Liabilities 2024: $48,810Net Assets 2024: $155,6382024

Highlighted filing

2024

Assets$204,448
Liabilities$48,810
Net Assets$155,638
Open 2024 Filing

Operations Trend

Revenue Growth85th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KExpenses 2010: $314,8252010Expenses 2011: $211,0672011Expenses 2012: $238,9462012Revenue 2013: $134,063Expenses 2013: $124,381Net Income 2013: $9,6822013Revenue 2014: $157,907Expenses 2014: $166,480Net Income 2014: -$8,5732014Revenue 2015: $159,940Expenses 2015: $156,165Net Income 2015: $3,7752015Revenue 2016: $121,247Expenses 2016: $129,645Net Income 2016: -$8,3982016Revenue 2017: $113,108Expenses 2017: $119,476Net Income 2017: -$6,3682017Revenue 2018: $110,879Expenses 2018: $122,695Net Income 2018: -$11,8162018Revenue 2019: $175,442Expenses 2019: $146,026Net Income 2019: $29,4162019Revenue 2020: $213,660Expenses 2020: $229,859Net Income 2020: -$16,1992020Revenue 2021: $157,359Expenses 2021: $135,879Net Income 2021: $21,4802021Revenue 2022: $163,053Expenses 2022: $138,954Net Income 2022: $24,0992022Revenue 2023: $158,882Expenses 2023: $135,460Net Income 2023: $23,4222023Revenue 2024: $240,969Expenses 2024: $196,124Net Income 2024: $44,8452024

Highlighted filing

2024

Revenue$240,969
Expenses$196,124
Net Income$44,845
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$204,448
Liabilities
$48,810
Net assets
$155,638
Revenue
$240,969
Expenses
$196,124
Net income
$44,845
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.04$0.49$1.56$2.41$1.96$0.45
2023Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$1.59$1.35$0.23
2022Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$1.63$1.39$0.24
2021Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$1.57$1.36$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.95$0.00$0.95$2.14$2.30$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$1.75$1.46$0.29
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$1.11$1.23$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$1.13$1.19$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.00$0.00$1.00$1.21$1.30$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$1.60$1.56$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$1.58$1.66$0.09
2013Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$1.34$1.24$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.00$1.04$2.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$0.00$1.67$2.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.00$2.10$3.15
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Gross Receipts
$240,969
Mission and Program Overview

Mission

The montana economic developers association meda is an association of economic development professionals. We are professional "lead" economic developers, business specialists, government employees, and staff members of affiliated non-profit organizations which promote and foster economic development activities in montana.

To advance the economic development profession. Meda is a coordinator for the statewide economic development workshops that provide intense training for economic devleopers interested in obtaining certification. Meda conducts research to stimulate the interchange of ideas and experiences between individuals with mutual goals and interests. Meda develops network and communication systems to disseminate information and acts as a clearinghouse and contact point within montana for other state, regional, national, and international economic development organizations and agencies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$45,972$115,314▲ $69,342
Cash and Non-Interest-Bearing Accounts$116,471$82,583▼ $33,888
Prepaid Expenses and Deferred Charges$5,000$6,551▲ $1,551
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$167,443$204,448▲ $37,005
Other Assets Total-$0-
Liabilities
Deferred Revenue-$41,000-
Accounts Payable and Accrued Expenses-$7,810-
Total Liabilities$0$48,810▲ $48,810
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$167,443$155,638▼ $11,805
Total Net Assets Fund Balance$167,443$155,638▼ $11,805
Total Liabilities and Net Assets / Fund Balance$167,443$204,448▲ $37,005
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Brian ObertPast President
Tori MatejovskyPresident
Sarah ConverseVice President
Becky RosenleafDirector
Brett DoneyDirector
Grant KierDirector
Jacy HeadDirector
Jim AtchisonDirector
Julie JakshaDirector
Kelly SullivanDirector
Leslie MesserDirector
Marcell BruskiDirector
Paddy FlemingDirector
Paul TussDirector
Russ FletcherDirector
Samantha YearryDirector
Shyanne WallaceDirector
Terra BurmanDirector
Tracy McintyreDirector
Aaron PrattEx-officio
Andy ShirtliffEx-officio
Brent DonnellyEx-officio
Jason RittalEx-officio
Jennifer OlsonEx-officio
Kathleen WilliamsEx-officio
Mike ParcelEx-officio
Paul GreenEx-officio
Adam GillExecutive Cmte
Christy Cummings DawsonExecutive Cmte
Paul ReichartExecutive Cmte
Rick EdwardsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$133,941
Program Service Revenue
$104,552
Investment Income
$2,476
Other Revenue
$0
All Other Contributions
$93,941
Change in Net Assets
$44,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$196,124
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$93,150-$93,150
Conferences and Meetings$39,780--$39,780
Advertising$4,501--$4,501
Information Technology$2,734--$2,734
Insurance$2,519--$2,519
Other Expenses$2,088$57-$2,145
Fees for Services Accounting-$525-$525
Office Expenses$324--$324
All Other Expenses$12--$12
Total Functional Expenses$102,392$93,732$0$196,124
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“ASSOCIATION HAS MEMBERS.”

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

“Officers and directors review the 990 return prior to filing.”

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

“On the occasion of the association's annual meeting, the conflict of interest policy and other formed are reviewed and signed.”

Form 990, Part VI, Section C, Line 19

“Articles of incorporation, bylaws, and policies are available on meda's website.other governing documents and financial statements are available upon request.”

PART VIII - LINE 2C

“Our organization changed from the cash basis to the accrual basis of accounting effective january 1, 2024. A training grant of $40,338 was reported when received in 2023 under the cash basis of accounting. It pertained to our training event in 2024, and as such, has been included as a prior period adjustment in part xi, and additional income in part viii for 2024.”

PART VIII - LINES 1E and 2D

“A MAJOR GRANT OF $40,000 WAS RECEIVED AT THE END OF 2024 FOR TRAINING TO OCCUR IN 2025. AS SUCH, WE RECOGNIZED THIS GRANT ON LINE 1e AND REPORTED IT ON SCHEDULE B FOR MAJOR CONTRIBUTORS. THEN, WE ARE DEFERRING REVENUE RECOGNITION ON LINE 2d, SINCE THE GRANT WILL FUND OUR 2025 TRAINING.”

Filing and Contact Details

Filer

Filer Name
Montana Economic Developers Association
EIN
81-0488036
Phone
4064901499
Address
11 E PARK ST, BUTTE, MT 59701

Signing Officer

Name
Tori Matejovsky
Title
President
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tori Matejovsky
Formed
1994
Legal Domicile
Mt
Voting Board Members
23
Independent Board Members
23
Employees
0
Volunteers
31

Preparer

Firm
Gary Kasper & Company Inc
Address
324 Central Ave Box 308, Fairfield, MT 59436
Preparer
Kelly McInerney CPA
Phone
4064672410
Supplemental Narrative

Additional Explanations

Part XI - Reconciliation of Net Assets

“The organization changed from the cash basis to the accrual basis of accounting, effective january 1, 2024. A prior period adjustment is necessary to reflect this change, consisting of $40,338 of grant income and $16,312 of expenses.”

Part XII - Line 1

“The organization changed from the cash basis to the accrual basis of accounting effective january 1, 2024. We have recorded a prior period adjustment to recognize the training grant of $40,338 received in 2023 as revenue in 2024 to match with training expenses incurred in 2024,appropriate for the accrual basis. Expense adjustments of $16,312 were also necessary to effect this change.”

Raw XML AppendixShowing 400 of 615 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0MONTANA ECONOMIC DEVELOPERS ASSOCIATION (MEDA) IS AN ASSOCIATION OF ECONOMIC DEVELOPMENT PROFESSIONALS. WE ARE PROFESSIONAL "LEAD" DEVELOPERS, BUSINESS SPECIALISTS, GOVERNMENT EMPLOYEES, AND STAFF MEMBERS OF AFFILIATED NON-PROFIT ORGANIZATION WHICH PROMOTE AND FOSTER ECONOMIC DEVELOPMENT IN MONTANA.
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