Montana Food Distributors Association
- Assets
- $3.2m
- Revenue
- $111.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Helena, MT
- Founding
- 11/1940
- Data as of
- 12/2021
- EIN
- 81-0171144
Organization Overview
Montana Food Distributors Association is located in Helena, MT. The organization was established in 1940. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Montana Food Distributors Association employed 3 individuals. Montana Food Distributors Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Montana Food Distributors Association generated $111.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $141.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE ECONOMIC, CIVIL AND SOCIAL WELFARE OF FOOD DISTRIBUTORS WITHIN MONTANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES ITS MEMBERS THE OPPORTUNITY TO PARTICIPATE IN A FULLY INSURED HEALTH, LIFE, DENTAL AND VISION PLAN AT A COMPETITIVE PRICE. IN ADDITION TO THE FULLY INSURED BENEFITS, A VOLUNTARY EMPLOYEE BENEFITS ASSOCIATION (VEBA) TRUST IS BEING ESTABLISHED TO PROVIDE PREMIUM STABILITY AND LARGE LOSS PROTECTION FOR LOSSES IN EXCESS OF $100,000. THE VEBA STRUCTURE PROTECTS PARTICIPATING MEMBERS FROM LARGE PREMIUM SWINGS AND UNPREDICTABLE COSTS OF EMPLOYEE BENEFITS.
THE ASSOCIATION PROVIDES A GROUP PURCHASING AND WORK PLACE SAFETY PROGRAM, WHICH BENEFITS THE MEMBERS IN A MULTITUDE OF AREAS. THE RECOGNIZED BENEFITS PROVIDED BY THE ASSOCIATION PROGRAM INCLUDE A POTENTIAL REDUCTION IN WORKPLACE INJURY COSTS BY PROMOTING WORKPLACE SAFETY, A REDUCTION IN PREMIUM BY GROUP PURCHASING POWER, A DUAL DIVIDEND STRUCTURE (INDIVIDUAL AND GROUP) FOR EFFECTIVE LOSS CONTROL, CENTRAL BILLING BY THE ASSOCIATION.
THE ASSOCIATION PROVIDES A CENTRAL CLEARING SERVICE THROUGH A CONTRACT SERVICE PROVIDER TO REDEEM MANUFACTURERS' DISCOUNT COUPONS HONORED BY THE MEMBERS FOR THEIR RETAIL CUSTOMERS. THE PROGRAM ORIGINATED IN 1939 AND IS THE OLDEST SERVICE TO THE MEMBER CURRENTLY PAYING 99% OF THE FACE VALUE OF THE COUPON TO THE MEMBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mckee Anderson President/executive Direct | Officer | 40 | $50,000 |
Mitch Bradley Chairman | OfficerTrustee | 1 | $0 |
Gary Mcdaniel Vice Chairman | OfficerTrustee | 1 | $0 |
Kathie Emmett Secretary/ Treasurer | OfficerTrustee | 1 | $0 |
Jim Bastian Past Chairman | Trustee | 1 | $0 |
Bruce Swanson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $46,950 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,950 |
| Total Program Service Revenue | $60,034 |
| Investment income | $4,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,208 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,136 |
| Pension plan accruals and contributions | $7,955 |
| Other employee benefits | $7,450 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $206 |
| Office expenses | $8,076 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,038 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,022 |
| All other expenses | $0 |
| Total functional expenses | $141,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,163 |
| Savings and temporary cash investments | $1,618,884 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $294,054 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,168,187 |
| Total assets | $3,232,288 |
| Accounts payable and accrued expenses | $686,352 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,645,659 |
| Total liabilities | $2,332,011 |
| Net assets without donor restrictions | $900,277 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,232,288 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Dairy Environmental Action League Inc Twin Falls, ID | $1,137,425 | $842,084 |
Montana Food Distributors Association Helena, MT | $3,232,288 | $111,208 |
North Dakota Certified Seed Potato Growers Association Incorporated Fargo, ND | $2,469,995 | $98,376 |
North Dakota State Federation Of Farm Credit Services Bismarck, ND | $5,877 | $0 |
Agricap Fund Inc Sioux Falls, SD | $13,003,774 | $234,116 |
Idaho School Food Service Association Boise, ID | $109,671 | $0 |
South Central Idaho Bacterial Blight Control Association Inc Twin Falls, ID | $335,910 | $0 |