Gallatin Ice Foundation Inc
Gallatin Ice Foundation shows strong revenue and asset growth with zero reported officer compensation, but had a significant expense anomaly in 2017.
EIN: 205748563 · Bozeman, MT · NTEE: T31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $2.8M |
| Program Spending | 85% |
| Net Assets | $4.4M |
| Transparency Score | 88/100 |
Is Gallatin Ice Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gallatin Ice Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gallatin Ice Foundation Inc
Gallatin Ice Foundation Inc (EIN: 205748563) is a nonprofit organization based in Bozeman, MT, classified under NTEE code T31. The organization reported total revenue of $3.5M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gallatin Ice Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gallatin Ice Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 68.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-8,463 |
| Total Assets | $6.8M |
| Total Liabilities | $2.4M |
| Net Assets | $4.4M |
| Operating Margin | -0.3% |
| Debt-to-Asset Ratio | 35.3% |
| Months of Reserves | 28.9 months |
Financial Health Grade: B
In 2023, Gallatin Ice Foundation Inc reported a deficit of $8K with expenses exceeding revenue, holds 28.9 months of operating reserves (strong position), has a debt-to-asset ratio of 35.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gallatin Ice Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 68.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.2% | +25.2% | -3.0% |
| 2022 | +48.0% | +64.1% | +160.3% |
| 2021 | +24.8% | -4.8% | +51.5% |
| 2020 | +663.4% | +865.3% | +456.0% |
| 2019 | -38.9% | -44.7% | -18.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gallatin Ice Foundation Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Gallatin Ice Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.3%.
Executive Compensation Analysis
Gallatin Ice Foundation Inc. consistently reports 0% officer compensation across all available filings, indicating that its leadership serves on a volunteer basis, which is highly favorable for directing funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Gallatin Ice Foundation Inc's IRS 990 filings:
- Significant expense anomaly in 2017 ($4,577,481 expenses vs. $181,397 revenue) requires further investigation.
Strengths
The following positive indicators were identified for Gallatin Ice Foundation Inc:
- Strong and consistent revenue growth, from $206,768 in 2019 to $2,822,518 in 2023.
- Significant asset accumulation, growing from $320,404 in 2019 to $6,815,641 in 2023.
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and efficient use of funds.
- Demonstrated ability to manage and reduce liabilities, from $3,180,032 in 2021 to $2,408,233 in 2023.
- Consistent IRS 990 filing history, indicating good transparency.
Frequently Asked Questions about Gallatin Ice Foundation Inc
Is Gallatin Ice Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gallatin Ice Foundation Inc (EIN: 205748563) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does Gallatin Ice Foundation Inc spend its money?
Gallatin Ice Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gallatin Ice Foundation Inc tax-deductible?
Gallatin Ice Foundation Inc is registered as a tax-exempt nonprofit (EIN: 205748563). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gallatin Ice Foundation Inc's spending goes to programs?
Gallatin Ice Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gallatin Ice Foundation Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Gallatin Ice Foundation Inc is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Gallatin Ice Foundation Inc located?
Gallatin Ice Foundation Inc is headquartered in Bozeman, Montana and files with the IRS under EIN 205748563. It is classified under NTEE code T31.
How many years of IRS 990 filings does Gallatin Ice Foundation Inc have?
Gallatin Ice Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5M in total revenue.
Is Gallatin Ice Foundation Inc. a good charity?
Based on the provided data, Gallatin Ice Foundation Inc. appears to be a good charity. It demonstrates strong financial growth, consistent 0% officer compensation, and a history of managing its finances responsibly, including reducing liabilities. The significant asset growth suggests long-term sustainability and impact.
What caused the large expense in 2017?
The provided data shows expenses of $4,577,481 against revenue of $181,397 in 2017. This significant discrepancy warrants further investigation into the full IRS 990 filing for that period to understand the nature of these expenditures, such as a major capital project or a one-time investment.
How does the organization manage its liabilities?
The organization has shown a trend of managing down its liabilities. For example, liabilities decreased from $3,180,032 in 2021 to $2,408,233 in 2023, indicating active and responsible financial management of its debt.
What is the trend in the organization's financial health?
The organization shows a strong positive trend in financial health, with revenue growing from $206,768 in 2019 to $2,822,518 in 2023, and assets increasing from $320,404 to $6,815,641 in the same period. This indicates robust growth and increasing capacity.
Filing History
IRS 990 filing history for Gallatin Ice Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gallatin Ice Foundation Inc's revenue has grown by 52004.8%, moving from $5K to $2.8M. Total assets increased by 5565.5% over the same period, from $120K to $6.8M. Total functional expenses rose by 26412.3%, from $11K to $2.8M. In its most recent filing year (2023), Gallatin Ice Foundation Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $2.4M in liabilities against $6.8M in assets (debt-to-asset ratio: 35.3%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.8M | $6.8M | $2.4M | — | View 990 |
| 2022 | $2.9M | $2.3M | $7.0M | $2.6M | — | View 990 |
| 2021 | $2.0M | $1.4M | $2.7M | $3.2M | — | View 990 |
| 2020 | $1.6M | $1.4M | $1.8M | $2.9M | — | View 990 |
| 2019 | $207K | $150K | $320K | $2.4M | — | View 990 |
| 2018 | $339K | $271K | $391K | $2.5M | — | View 990 |
| 2017 | $181K | $4.6M | $563K | $2.7M | — | View 990 |
| 2016 | $747K | $165K | $4.1M | $1.8M | — | View 990 |
| 2015 | $922K | $136K | $1.7M | $2K | — | View 990 |
| 2014 | $518K | $94K | $1.6M | $761 | — | View 990 |
| 2013 | $157K | $92K | $1.2M | $2K | — | View 990 |
| 2012 | $96K | $133K | $1.2M | $1K | — | View 990 |
| 2011 | $5K | $11K | $120K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.8M, and assets of $6.8M (revenue -3.2% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.3M, and assets of $7.0M (revenue +48.0% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.4M, and assets of $2.7M (revenue +24.8% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.4M, and assets of $1.8M (revenue +663.4% year-over-year).
- 2019: Revenue of $207K, expenses of $150K, and assets of $320K (revenue -38.9% year-over-year).
- 2018: Revenue of $339K, expenses of $271K, and assets of $391K (revenue +86.6% year-over-year).
- 2017: Revenue of $181K, expenses of $4.6M, and assets of $563K (revenue -75.7% year-over-year).
- 2016: Revenue of $747K, expenses of $165K, and assets of $4.1M (revenue -19.0% year-over-year).
- 2015: Revenue of $922K, expenses of $136K, and assets of $1.7M (revenue +78.1% year-over-year).
- 2014: Revenue of $518K, expenses of $94K, and assets of $1.6M (revenue +230.0% year-over-year).
- 2013: Revenue of $157K, expenses of $92K, and assets of $1.2M (revenue +63.8% year-over-year).
- 2012: Revenue of $96K, expenses of $133K, and assets of $1.2M (revenue +1667.9% year-over-year).
- 2011: Revenue of $5K, expenses of $11K, and assets of $120K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gallatin Ice Foundation Inc:
Data Sources and Methodology
This transparency report for Gallatin Ice Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.