CLUB MESABI INC (EIN 204008468) - 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

2006

Legal Domicile

Principal Officer

PAULA KANGAS

Phone

2183495764

Tax Period

2024-01-01 to 2024-12-31

CLUB MESABI INC, founded in 2006, is a small nonprofit in the Recreation & Sports sector that reported $195K in total revenue in fiscal year 2024. The organization ran a surplus of $35K, a strong 18% operating margin.

Mission

TO SUPPORT AND PROMOTE THE MESABI TRAIL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $136,496

Program Service Revenue $62,155

Investment Income $6

Other Revenue $-3,247

TOTAL REVENUE $195,410

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $64,590

Fundraising Expenses $0

Program Expenses $123,676

Other Expenses $94,128

TOTAL EXPENSES $160,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,410	$190,353	+0.0%
Expenses	$160,718	$147,668	+0.1%
Net Income	$34,692	$42,685	-0.2%

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG JOHNSON	PRESIDENT	5.00	Director	$0	$0	$0
VIC SPADACCINI	BOARD MEMBER	5.00	Director	$0	$0	$0
BETH PIERCE	BOARD MEMBER	5.00	Director	$0	$0	$0
SCOTT HALL	VICE PRESIDENT	5.00	Officer	$0	$0	$0
PAULA KANGAS	EXECUTIVE DIRECTOR	40.00	Officer Highest	$60,000	$0	$60,000
RICH SODERBERG	TREASURER	5.00	Officer	$0	$0	$0
SARAH VOGEL	SECRETARY	5.00	Director	$0	$0	$0
STEVE RAHKOLA	BOARD MEMBER	5.00	Director	$0	$0	$0
JIM MAYERLE	BOARD MEMBER	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
2024	$195,410	$160,718	$154,374	$34,692
2023	$190,353	$147,668	$119,378	$42,685
2022	$136,931	$132,463	$76,297	$4,468
2021	$148,623	$116,448	$71,783	$32,175
2020	$47,136	$50,011	$39,099	$-2,875
2019	$117,579	$116,339	$42,477	$1,240
2018	$108,543	$105,839	$40,124	$2,704

CLUB MESABI INC