Montana State Fund
—
2025-2026 cycle
Montana State Fund is a political services vendor. In the 2025-2026 cycle Montana State Fund was paid — across 25 client committees.
Part I Identity
Stable facts about this entity. These figures do not change as you adjust the timeframe in Part II.
- Activity span ALL TIME
- —
- Disbursements ALL TIME
- 119
- Schedule B rows
- Client committees ALL TIME
- 25
- distinct payers
Part II Activity in selected window
One timeframe control governs all three panels below. Change it once and the trajectory, top buyers, and party breakdown all update together.
Spend trajectory
Monthly spend to this vendor over the last 12 months.
Mar 2025
Feb 2026
$12K
across 12 months
Top buyers
Two views of the same data — diagram and table share the time-window control and the same top-buyers slice. Click "View all buyers in research" to drill in with the matching date range.
No buyer activity in this window.
No buyer activity in this window.
No buyer activity in this window.
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 12 months · top 2
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| FORSTAG, SAMUEL KELLEY MT · House DEM |
$1,970 | 1 |
| ZINKE, RYAN K MT · House REP |
$643 | 3 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 18 months · top 4
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| TESTER, R. JON MT · Senate DEM |
$7,616 | 2 |
| FORSTAG, SAMUEL KELLEY MT · House DEM |
$1,970 | 1 |
| ZINKE, RYAN K MT · House REP |
$643 | 3 |
| TREASURE STATE PAC C00433680 |
$428 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 24 months · top 6
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| TESTER, R. JON MT · Senate DEM |
$7,616 | 2 |
| SHEEHY, TIM MT · Senate REP |
$2,521 | 2 |
| FORSTAG, SAMUEL KELLEY MT · House DEM |
$1,970 | 1 |
| ZINKE, RYAN K MT · House REP |
$1,178 | 5 |
| TRANEL, MONICA MT · House DEM |
$874 | 2 |
| TREASURE STATE PAC C00433680 |
$428 | 1 |
By party
Revenue by party
D · 69%
R · 31%
| Party | Amount | % |
|---|---|---|
| Democratic | $0 | 65.37% |
| Republican | $0 | 30.04% |
| Non-partisan | $0 | 4.59% |
Part III Reference tables
Full all-time and cycle-to-date data.
Cycle-over-cycle trajectory
current cycle earlier election cycle off-cycle year quarterly · 10 years
Per-quarter totals
| Year | Q | Cycle | Total | Txns | Top buyer · share | Top category · share | Cum. (cycle) | YoY % |
|---|---|---|---|---|---|---|---|---|
| 2017 | Q1 | 2018 | $1K | 3 | DENISE JUNEAU FOR CONGRESS 35% | Wages & Payroll 67% | $1K | — |
| 2017 | Q2 | 2018 | $1K | 4 | ROB QUIST FOR MONTANA 49% | Wages & Payroll 97% | $3K | — |
| 2017 | Q3 | 2018 | $3K | 4 | ROB QUIST FOR MONTANA 42% | Wages & Payroll 100% | $5K | — |
| 2017 | Q4 | 2018 | $3K | 6 | FRIENDS OF LYNDA MOSS 28% | Wages & Payroll 39% | $8K | — |
| 2018 | Q1 | 2018 | $2K | 7 | BIG SKY OPPORTUNITY PAC 23% | Legal & Compliance 60% | $10K | — |
| 2018 | Q2 | 2018 | $1K | 4 | GREG FOR MONTANA 75% | Legal & Compliance 75% | $11K | — |
| 2018 | Q3 | 2018 | $7K | 5 | TESTER, R. JON 76% | Wages & Payroll 76% | $18K | — |
| 2019 | Q1 | 2020 | $5K | 4 | TESTER, R. JON 64% | Wages & Payroll 72% | $5K | +261% |
| 2019 | Q2 | 2020 | $3K | 6 | WILLIAMS, KATHLEEN 43% | Legal & Compliance 66% | $7K | +95% |
| 2019 | Q3 | 2020 | $1K | 3 | A WHOLE LOT OF FOLKS FOR WI… 63% | Wages & Payroll 63% | $9K | -47% |
| 2020 | Q1 | 2020 | $919 | 1 | CORA FOR MONTANA 100% | Legal & Compliance 100% | $10K | -52% |
| 2020 | Q2 | 2020 | $2K | 4 | WILLIAMS, KATHLEEN 68% | Legal & Compliance 68% | $12K | +35% |
| 2020 | Q3 | 2020 | $2K | 3 | MONTANA REPUBLICAN STATE CE… 37% | Wages & Payroll 63% | $13K | -78% |
| 2021 | Q2 | 2022 | $2K | 4 | DAINES, STEVE 49% | Wages & Payroll 100% | $2K | -41% |
| 2021 | Q3 | 2022 | $2K | 5 | LAURIE BISHOP FOR MONTANA 39% | Wages & Payroll 81% | $4K | +71% |
| 2021 | Q4 | 2022 | $1K | 5 | CORA FOR MONTANA 80% | Legal & Compliance 80% | $5K | — |
| 2022 | Q1 | 2022 | $311 | 1 | MONICA TRANEL FOR MONTANA 100% | Wages & Payroll 100% | $6K | -66% |
| 2022 | Q2 | 2022 | $2K | 8 | MONICA TRANEL FOR MONTANA 31% | Wages & Payroll 83% | $8K | +33% |
| 2022 | Q3 | 2022 | $2K | 7 | MONICA TRANEL FOR MONTANA 64% | Wages & Payroll 93% | $10K | +8% |
| 2022 | Q4 | 2022 | $702 | 3 | ZINKE, RYAN K 67% | Wages & Payroll 100% | $10K | — |
| 2022 | Q4 | 2024 | $336 | 1 | MONICA TRANEL FOR MONTANA 100% | Wages & Payroll 100% | $336 | — |
| 2023 | Q2 | 2024 | $2K | 4 | ZINKE, RYAN K 48% | Wages & Payroll 52% | $3K | +27% |
| 2023 | Q3 | 2024 | $408 | 2 | SHEEHY, TIM 50% | Wages & Payroll 100% | $3K | -83% |
| 2023 | Q4 | 2024 | $1K | 3 | SHEEHY, TIM 50% | Wages & Payroll 67% | $4K | -18% |
| 2024 | Q1 | 2024 | $1K | 3 | SHEEHY, TIM 50% | Wages & Payroll 82% | $5K | +335% |
| 2024 | Q2 | 2024 | $2K | 2 | SHEEHY, TIM 70% | Wages & Payroll 100% | $7K | -27% |
| 2024 | Q3 | 2024 | $2K | 4 | SHEEHY, TIM 61% | Wages & Payroll 100% | $9K | +32% |
| 2024 | Q4 | 2024 | $2K | 4 | SHEEHY, TIM 49% | Wages & Payroll 87% | $11K | +231% |
| 2025 | Q1 | 2026 | $2K | 2 | SHEEHY, TIM 86% | Legal & Compliance 100% | $2K | — |
| 2025 | Q2 | 2026 | $8K | 3 | TESTER, R. JON 95% | Wages & Payroll 100% | $10K | +271% |
| 2025 | Q4 | 2026 | $643 | 3 | ZINKE, RYAN K 100% | Legal & Compliance 100% | $10K | -36% |
| 2026 | Q1 | 2026 | $2K | 1 | FORSTAG, SAMUEL KELLEY 100% | — | $12K | +46% |
Revenue by service category
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Per-category breakdown · cycle-to-date
| Category | Total spend | Txns | Avg check | % of total | Top buyer · share | Last paid |
|---|---|---|---|---|---|---|
| Wages & Payroll | $44,908 | 76 | $591 | 71.1% | TESTER, R. JON 42% | 14mo ago |
| Legal & Compliance | $17,553 | 41 | $428 | 27.8% | WILLIAMS, KATHLEEN 20% | 9mo ago |
| Other / Unclassified | $708 | 1 | $708 | 1.1% | FRIENDS OF LYNDA MOSS 100% | 8y ago |
Client retention
Sticky-relationship signal: how many clients keep coming back across cycles vs one-time buyers.
4
Anchor clients 3+ cycles
$28,293 · 43% of revenue
7
Repeat clients 2 cycles
$19,154 · 29% of revenue
14
One-time clients 1 cycle
$17,692 · 27% of revenue
Top 4 anchor clients · all-time
| Client | Cycles | All-time spend | Txns | First paid | Last paid |
|---|---|---|---|---|---|
| TESTER, R. JON | 5 | $19,077 | 12 | 2017-06-26 | 2025-06-26 |
| ZINKE, RYAN K | 3 | $4,103 | 15 | 2021-09-27 | 2025-12-16 |
| DAINES, STEVE | 3 | $3,333 | 11 | 2018-05-05 | 2022-07-15 |
| TREASURE STATE PAC | 3 | $1,781 | 6 | 2021-05-07 | 2025-06-03 |
Geographic concentration
Where this vendor's clients are based — federal committees by state, plus implicit jurisdiction for CA and TX state filers.
| State | Total spend | % of revenue | Clients | |
|---|---|---|---|---|
| MT | $63,932 | 98.1% | 24 | |
| VA | $1,208 | 1.9% | 1 |
Notable disbursements
5 largest all-time · 5 largest in the current cycle · 5 most recent. Each row earns its place.
| Reason | Date | Filer | Category | Purpose | Amount |
|---|---|---|---|---|---|
| Largest all-time | 2025-06-26 | TESTER, R. JON | Wages & Payroll | WORKERS COMPENSATION | $7,191 |
| Largest all-time | 2018-09-07 | TESTER, R. JON | Wages & Payroll | WORKERS COMPENSATION INSURANCE | $4,468 |
| Largest all-time | 2019-03-12 | TESTER, R. JON | Wages & Payroll | WORKERS COMPENSATION INSURANCE | $2,966 |
| Largest all-time | 2026-02-06 | FORSTAG, SAMUEL KELLEY | — | WORKERS COMPENSATION | $1,970 |
| Largest all-time | 2025-03-13 | SHEEHY, TIM | Legal & Compliance | WORK COMP Q4 2024 | $1,378 |
| Largest this cycle | 2025-06-03 | TREASURE STATE PAC | Wages & Payroll | WORKERS COMPENSATION | $428 |
| Largest this cycle | 2025-06-03 | TESTER, R. JON | Wages & Payroll | WORKERS COMPENSATION | $425 |
| Recent | 2025-11-13 | ZINKE, RYAN K | Legal & Compliance | WORKER'S COMP INSURANCE | $326 |
| Recent | 2025-10-16 | ZINKE, RYAN K | Legal & Compliance | WORKER'S COMP INSURANCE | $196 |
| Recent | 2025-12-16 | ZINKE, RYAN K | Legal & Compliance | WORKER'S COMP INSURANCE | $120 |