LAKE GOGEBIC TRAILS INC (EIN 200165585) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Phone

9065753582

Tax Period

2025-01-01 to 2025-12-31

LAKE GOGEBIC TRAILS INC, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $144K in total revenue in fiscal year 2025. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $331K exceeded revenue, resulting in a 131% operating deficit.

Mission

TO PROMOTE, EDUCATE, SAFETY. DEVELOPMENT AND MAINTENANCE OF SNOWMOBILE TRAILS IN THE LAKE GOGEBIC MICHIGAN AREA

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $142,943

Program Service Revenue $0

Investment Income $709

Other Revenue $0

TOTAL REVENUE $143,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,522

Fundraising Expenses $0

Program Expenses $296,778

Other Expenses $298,724

TOTAL EXPENSES $331,246

Year-over-Year Comparison

	2025	2024	Change
Revenue	$143,652	$320,248	-0.6%
Expenses	$331,246	$258,797	+0.3%
Net Income	$-187,594	$61,451	-4.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTY SEARLES	TREASURER	5.00	Officer Director	$0	$0	$0
MARK HANSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
SARA LONG	SECRETARY	2.00	Officer Director	$0	$0	$0
FRED PAWLOWSKI	VICE PRESIDENT	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$143,652	$331,246	$493,173	$-187,594
2024	$631,541	$258,797	$656,471	$372,744
2023	$217,868	$379,299	$287,569	$-161,431
2022	$244,451	$357,505	$454,334	$-113,054
2021	$371,586	$319,425	$598,617	$52,161
2020	$491,292	$303,320	$549,125	$187,972
2019	$218,731	$205,566	$366,617	$13,165
2018	$215,531	$296,937	$341,534	$-81,406

LAKE GOGEBIC TRAILS INC