WINONA FOREST RECREATION ASSOCIATION INC (EIN 222327188) - 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

1981

Legal Domicile

Principal Officer

MATTHEW WESTERLUND

Phone

3155464822

Tax Period

2024-07-01 to 2025-06-30

WINONA FOREST RECREATION ASSOCIATION INC, founded in 1981, is a small nonprofit that reported $390K in total revenue in fiscal year 2024. Revenue surged 114% from the prior year, signaling strong growth momentum. The organization ran a surplus of $238K, a strong 61% operating margin.

Mission

THE PURPOSES FOR WHICH THE ASSOCIATION HAS BEEN ORGANZIED ARE TO PROMOTE HEALTHY AND SAFE OUTDOOR RECREATIONAL ACTIVITIES WITHIN WINONA FOREST RECREATION 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 (2024)

Revenue Breakdown

Contributions & Grants $352,534

Program Service Revenue $36,183

Investment Income $1,365

Other Revenue $0

TOTAL REVENUE $390,082

Expense Breakdown

Grants Paid $100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,787

Other Expenses $151,970

TOTAL EXPENSES $152,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$390,082	$181,894	+1.1%
Expenses	$152,070	$85,369	+0.8%
Net Income	$238,012	$96,525	+1.5%

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

N/A

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
ALAN RICALTON	DIRECTOR (TRAIL)	4.00	Director	$0	$0	$0
RICHARD SHUMWAY	DIRECTOR (BIKE)	1.00	Director	$0	$0	$0
KATIE MALINOWSKI	MEMBERSHIP OFFICER	4.00	Director	$0	$0	$0
DAN BABCOCK	DIRECTOR (ATV)	1.00	Director	$0	$0	$0
PAUL BENNET	DIRECTOR (SNOWMOBILE)	4.00	Director	$0	$0	$0
MARY BABOCK	SECRETARY	1.00	Officer	$0	$0	$0
MATTHEW WESTERLUND	PRESIDENT	10.00	Officer	$0	$0	$0
TRACEY WESTERLUND	TREASURER	1.00	Officer	$0	$0	$0
JESSICA LEHMAN	VICE PRESIDENT	3.00	Officer	$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	$390,082	$152,070	$507,735	$238,012
2024	$181,894	$85,369	$267,402	$96,525
2023	$98,182	$99,658	$170,877	$-1,476
2022	$80,024	$79,519	$172,353	$505
2021	$85,430	$92,055	$171,847	$-6,625
2020	$61,365	$62,170	$178,472	$-805
2019	$70,245	$48,757	$179,277	$21,488

WINONA FOREST RECREATION ASSOCIATION INC