Great Northern Development Corporation

Nonprofit profile at a glance

EIN
810494064
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Wolf Point, MT, USA
Phone
4066532590
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Official website

Reported finances

Revenue
$3,698,659
Expenses
$1,314,670
Assets
$10,369,159
Liabilities
$4,452,458

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • JIM MOOS (PRESIDENT)
  • MONA AMUNDSON (PAST PRESIDENT)
  • DUANE KUROKAWA (1ST VICE PRESIDENT)
  • JERRY COLLINS (2ND VICE PRESIDENT)
  • VICTORIA MATEJOVSKY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • VICTORIA MATEJOVSKY (EXECUTIVE DIRECTOR): $76,964 total reported compensation
  • MISSY BERGER (FINANCE DIRECTOR): $75,038 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Great northern development corporation (gndc) is a Montana nonprofit corporation. Its purpose is to support and promote commerce in northeastern Montana. The board of gndc solicits public and private contributions to allocate among various programs throughout the area.

What it reported doing in 2024

Application and administration of cdbg grants, intermediary relending program loans, cdfi loans, Montana board of investments microbusiness loans, and epa brownfields grants.

Operating model

Revenue model
Grant-funded. 87% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 73% for direct work, and 27% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 96
  • Accountability: 77
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 32.6%; rating input score 33
  • Program expense ratio: 87.8%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 64.5%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 7.89; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 11.6%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 1% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: 9.7% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 32.6% of revenue deployed · 87.8% of spending went to programs
  • Governance: 16 of 16 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $77K · 18 people listed
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 33/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.