High Plains Financial Inc

Nonprofit profile at a glance

EIN
861052206
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Great Falls, MT, USA
Phone
4067502119
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Rural Economic Development

Official website

Reported finances

Revenue
$52,554
Expenses
$40,295
Assets
$96,780
Liabilities
$17,745

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

Leadership & pay

10 people listed

Executive titles in this filing

  • BRETT DONEY (CEO/PRESIDENT)

People named in this filing

  • DAN REARDEN (CHAIR)
  • CRAIG NOWAK (VICE CHAIR)
  • NATE WEISENBURGER (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The mission is to improve access to capital to new and expanding businesses and entrepreneurs across Montana by providing exceptional sba 504 loan services.

What it reported doing in 2024

High plains financial, inc has been designated a certified development company ("cdc") by the us small business administration. As a cdc, high plains assists prospective borrowers in arranging sba 504 financing that will foster economic development, create or preserve jobs and stimulate growth or modernization of small business.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 55
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.7%; rating input score 77
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 23.3%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 2.4; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -7.9% per year; rating input score 0; 32nd percentile among comparable filings
  • Revenue growth: -11.9% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: -14.5% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 76.7% of revenue deployed · 100% of spending went to programs
  • Governance: 10 of 10 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $40K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 13 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.