Montana · Nonprofit
TRUST MONTANA INC
TRUST MONTANA INC (Montana) receives grants from 11 organizations whose IRS filings report $1,073,539 to it, the largest being MONTANA JUSTICE FOUNDATION ($347,332). 7 of them have funded it in more than one year.
- Revenue FY2025
- $523k
- Funders on record
- 11
- Grants received
- $1.1M
- Net assets
- $2.3M
What Trust Montana Inc does
Mission
Trust montana's mission is to promote community land trusts and hold land in trust to facilitate workforce housing, farmland affordability, and the preservation of vital community assets that keep rural and urban areas livable for montanans of varied economic means.
As stated on its FY2025 Form 990.
Programs
Clt homes:trust montana's permanently affordable homes program preserves rental units and homeownership properties in trust to guarantee affordability for current and future families. Trust montana stewards 30 homes and 5 rental properties in eight communities across the state, having added two new home ownership opportunities and one rental units in 2025. Trust montana home owners and renters must income-qualify, ensuring that these homes benefit working class individuals in communities. The expansion to add an additional rental property in 2025 was co-designed with the community, responding to the need for diverse affordable housing types.affordable land llc is a single-member llc owned by trust montana. It was formed in 2019 to hold the titles of all land that is acquired for permanently affordable projects of trust montana. Affordable land collects lease fees from each household monthly. It also collects stewardship payments at the time of home closings and those funds are placed into a savings account to ensure that future maintenance and other expenses will be covered.
$55,425 spent$26,570 earned by the program64% of program spendingClt farm: in 2025, on the heels of trust montana's community land trust farm under the organization's ag land preservation program, we continued our work with the farmer and engaging ag and conservations experts to serve on our newly founded farm viability committee. We pursued new opportunities. We spoke with four farmers about potential partnerships. The preservation of agricultural land and soils is critical to maintaining local food systems. Projects like these not only benefit the beginning farmers operating on the land under a land-lease and usage agreement, but also the surrounding community with increased access to locally, organically-grown food.
$14,156 spent16% of program spendingEducation and advocacy of clts:trust montana also leads efforts to expand education and understanding of the community land trust model in the state through its clt education program. With 22 presentations in 2025, serving 1,350 people, the organization supports realtors, title agents, lenders, and potential homebuyers. Many of these presentations qualify as continuing education credits in these industries. Trust montana also serves as an expert and technical assistance provider for other land trusts operating in the state. At any given time, the organization is supporting 3-5 peer land trust projects, as well as navigating exploratory and planning conversations with 7-12 partners to identify new and emerging projects for trust montana.
$16,617 spent$7,450 earned by the program19% of program spending
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $86,198.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $1.3M to $2.1M (+62%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 7% · 2019 1% · 2021 5% · 2024 25%. Grants only. Government contracts and fees sit inside program revenue.
93% of TRUST MONTANA INC’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Dawn Conklin
Executive director
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 6 funders, grant income rose $13k → $184k.
2 of 11 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $38k from one payer (the payer shares this organization's board, largest Montana Community Foundation Inc). These are real filings, and they are not money TRUST MONTANA INC raised.
From the IRS filings of TRUST MONTANA INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
TRUST MONTANA INC leans on a few funders — its largest provides 32% of grant income and the top three 63%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
34% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund TRUST MONTANA INC.
Largest funder’s share by year: 2017 100% · 2019 72% · 2020 66% · 2021 39% · 2022 29% · 2023 27% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
60% of TRUST MONTANA INC's funders are still giving 3 years after their first grant; 64% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
60% of TRUST MONTANA INC's grant income comes from Montana funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $16k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
TRUST MONTANA INC runs a healthier operating margin than three-quarters of the 7,175 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 7,175 community improvement nonprofits $100k–$1M, FY2025
Organizations like TRUST MONTANA INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Montana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
30% of spending goes to programs.
Governance
Public support
62%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 1 related entity
- Affordable Land LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for TRUST MONTANA INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds TRUST MONTANA INC?
- TRUST MONTANA INC (Montana) receives grants from 11 organizations whose IRS filings report $1,073,539 to it, the largest being MONTANA JUSTICE FOUNDATION ($347,332). 7 of them have funded it in more than one year.
- How many funders does TRUST MONTANA INC have?
- IRS filings report 11 organizations giving $1,073,539 in grants to TRUST MONTANA INC, 7 of which have funded it in more than one year.
- Who is the largest funder of TRUST MONTANA INC?
- MONTANA JUSTICE FOUNDATION is the largest funder on record, with $347,332 in grants. The full list of funders is on this page.
- How can an organization like TRUST MONTANA INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Montana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Trust Montana →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 11 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing