Civic Intelligence

Montana Economic Developers Association

990 • Fiscal year 2018 • EIN 81-0488036

Jan 01, 2018 to Dec 31, 2018 • Filed on May 23, 2019

118 E Seventh Street No 3FAnaconda, MT 59711

(406) 563-5259

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

23rd percentile

-11%

Higher net margin than 23% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

97th percentile

$82,641

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 74.5% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

26th percentile

-13%

Faster asset growth than 26% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

45th percentile

-2.0%

Faster revenue growth than 45% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$81,881

Down $11,816 (-13%) from 2017

Net Assets

Down

$81,881

Down $11,816 (-13%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$110,879

Down $2,229 (-2.0%) from 2017

Expenses

Up

$122,695

Up $3,219 (+2.7%) from 2017

Net Income

Down

-$11,816

Down $5,448 (-86%) from 2017

Historical Trend

Balance Sheet Trend

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

$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

2018

Assets$81,881
Liabilities$0
Net Assets$81,881

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$110,879
Expenses$122,695
Net Income-$11,816
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 23, 2019
Return Version
2018v3.1
Gross Receipts
$110,879
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.

The montana economic developers association sponsors educational seminars, workshops and conferences to advance the economic development profession. Meda is a coordinator for the statewide economic development workshops that provide intense training for economic developers interested in obtaining certification. The organization conducts research to stimulate the interchange of ideas and experiences between individuals with mutual goals and interests. The association also develops network and communications 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
Rtn Earn Endowment Incm Other Fnds$93,697$81,881▼ $11,816
Savings and Temporary Cash Investments$93,697$81,856▼ $11,841
Accounts Receivable-$25-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$93,697$81,881▼ $11,816
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$93,697$81,881▼ $11,816
Total Liabilities and Net Assets / Fund Balance$93,697$81,881▼ $11,816
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
GLORIA O'ROURKESecretaryFT$82,641$82,641

Board Members and Trustees

NameTitle
Paul TussPast President
Steve ArveschougPresident
Brian ObertVice President
Beth ElpeyDirector
Billie LeeDirector
Brett DoneyDirector
Chris CerquoneDirector
Craig EricksonDirector
Grant KierDirector
Jason RittalDirector
Jim AtchisonDirector
Jim DavisonDirector
Joe WillauerDirector
Kathie BaileyDirector
Kim MorisakiDirector
Leslie MesserDirector
Paddy FlemmingDirector
Paul ReichertDirector
Russ FletcherDirector
Sarah ConverseDirector
Stephanie RayDirector
Sue TaylorDirector
Tim GuardipeeDirector
Tori MatejovskyDirector
Tracy MacintyreDirector
Rick EdwardsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$65,827
Program Service Revenue
$44,927
Investment Income
$125
Other Revenue
$0
Change in Net Assets
$-11,816
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$119,395
Grants and Similar Amounts Paid$3,300
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$41,321$41,321-$82,642
Information Technology$7,500--$7,500
Grants to Domestic Individuals$3,300--$3,300
Fees for Services Other$1,057$1,057-$2,114
Fees for Services Accounting-$1,750-$1,750
Insurance-$1,587-$1,587
Other Expenses$87$86-$173
Office Expenses-$150-$150
Total Functional Expenses$73,682$49,013$0$122,695
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
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 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 A, Line 7A

Association has members that elect the governing board.

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

The board and the executive director 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 forms are reviewed and signed.

Form 990, Part VI, Section C, Line 19

The organization's bylaws are on their website. Other governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Montana Economic Developers Association
EIN
81-0488036
Phone
4065635259
Address
118 E SEVENTH STREET NO 3F, ANACONDA, MT 59711

Signing Officer

Name
MIKE O'ROURKE
Title
Chief Financial Officer
Phone
4065635259
Signed
2019-05-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
MIKE O'ROURKE
Formed
1994
Legal Domicile
Mt
Voting Board Members
27
Independent Board Members
26
Employees
0
Volunteers
0

Preparer

Firm
Anderson Zurmuehlen & Co Pc
Address
PO BOX 1040, HELENA, MT 59624
Preparer
Suzanne M Severin
Phone
4064421040
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01994
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GovernmentGrantsAmt065827
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03300
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03300
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0110879
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt026
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt07500
IRS990/InformationTechnologyGrp/TotalAmt07500
IRS990/InsuranceGrp/ManagementAndGeneralAmt01587
IRS990/InsuranceGrp/TotalAmt01587
IRS990/InvestmentIncomeGrp/ExclusionAmt0125
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0125
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MT
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt093697
IRS990/NetAssetsOrFundBalancesEOYAmt081881
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0150
IRS990/OfficeExpensesGrp/TotalAmt0150
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONFERENCES & MEETINGS
IRS990/OtherExpensesGrp/Desc1DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03062
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt186
IRS990/OtherExpensesGrp/ProgramServicesAmt017355
IRS990/OtherExpensesGrp/ProgramServicesAmt13062
IRS990/OtherExpensesGrp/ProgramServicesAmt287
IRS990/OtherExpensesGrp/TotalAmt017355
IRS990/OtherExpensesGrp/TotalAmt16124
IRS990/OtherExpensesGrp/TotalAmt2173
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MIKE O'ROURKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/BusinessCd1611430
IRS990/ProgramServiceRevenueGrp/BusinessCd2611430
IRS990/ProgramServiceRevenueGrp/Desc0CONFERENCE INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc2PROFESSIONAL DEVELOPME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023414
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119124
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22300
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023414
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119124
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22300
IRS990/ProgSrvcAccomActy2Grp/Desc0ADMINISTRATION OF THE PROGRAMS AND FUNCTIONS OF THE ORGANIZATION THAT WERE CONTRACTED OUT TO VARIOUS OTHER ORGANIZATIONS.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt03300
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt019213
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt069877
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03650
IRS990/PYInvestmentIncomeAmt080
IRS990/PYOtherExpensesAmt0115826
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt043151
IRS990/PYRevenuesLessExpensesAmt0-6368
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0119476
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0113108
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-11816
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt025714
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt093697
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt081881
IRS990/SavingsAndTempCashInvstGrp/BOYAmt093697
IRS990/SavingsAndTempCashInvstGrp/EOYAmt081856
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt084951
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt069877
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt093099
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt068370
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0102433
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0418730
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0125
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt069
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0218
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt099
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0591
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0203662
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt089
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01259
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01348
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93330
IRS990ScheduleA/PublicSupportPY170Pct00.91990
IRS990ScheduleA/PublicSupportTotal170Amt0392593

Document Assets

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Filings

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