Northern Rocky Mountain Economic Development District
Nonprofit profile at a glance
- EIN
- 260281964
- IRS 990 coverage
- 2021–2025
- Forms available
- Form 990 2025, Form 990-EZ 2010, Form 990-N 2012
- Location
- Bozeman, MT, USA
- Phone
- 4065181599
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Christianity
- Affiliation
- Christianity
Reported finances
- Revenue
- $769,920
- Expenses
- $301,753
- Assets
- $1,585,904
- Liabilities
- $10,733
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Russ Nelson (President)
- Scott Sehnert (Vice President)
Highest reported compensation
- Wylie Phillips (Executive Dir.): $86,792 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Support local governments and citizens in achieving their economic goals while preserving their unique cultures and way of life.
What it reported doing in 2025
NRMEDD accomplishments for 2025 include: (1) NRMEDD helped secure a Community Development Block Grant (CDBG) to support housing development for school district employees in Twin Bridges and secured state planning funds to evaluate the feasibility of a countywide housing fund in Madison County. (2) NRMEDD advanced childcare initiatives throughout the region through planning efforts and implementation support for employer-supported childcare strategies. NRMEDD developed the Big Sky Childcare Needs and Market Analysis, building on the initial study published in 2023 and incorporating an economic impact analysis of childcare's role in workforce participation, business operations, and regional economic stability. (3) NRMEDD conducted a Housing Needs Assessment for the Town of West Yellowstone, evaluating workforce housing challenges and developing recommendations to guide future housing and community development efforts. (4) NRMEDD completed an Economic Impact Analysis for Yellowstone Fiber, a nonprofit open-access broadband network, informing future policy discussions regarding broadband expansion throughout Montana. (5) NRMEDD supported the City of Livingston's Strategic Plan for Economic Resilience through economic sector analysis, evaluation of tax revenue contributions, assessment of community impacts, and analysis of economic trends. (6) NRMEDD collaborated with Montana State University to support development of Montana's emerging quantum and photonics industries, completing a statewide SWOT, gap, and workforce analysis and continuing work on an Economic Impact Analysis for the Montana State University Innovation Campus. (7) NRMEDD maintained active participation in regional planning and stakeholder groups, including the Regional Housing Coalition and the CHILD Task Force.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - 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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 77
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 60.8%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 5.26; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 28.8%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: -30.2% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 8.9% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 10.6% per year; rating input score 100; 57th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 11 of 11 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $87K · 12 people listed
- Consistency: 10 of 11 current checks pass · 1 finding to review
- Schedules: 2 filed schedules · includes major donors
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 8/100.