SPEEDWAY TRAILS ASSOCIATION (EIN 261080365) - 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

2016

Legal Domicile

Principal Officer

Logan Posson

Phone

2197655162

Tax Period

2025-01-01 to 2025-12-31

SPEEDWAY TRAILS ASSOCIATION, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $755K in total revenue in fiscal year 2025. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $607K, a strong 80% operating margin.

Mission

Speedway Trails Association's mission is to create a safe community trail system in the Town of Speedway, IN, accessible for all - strollers to wheel chairs. The purpose of these trails is to connect neighbors, promote local businesses, improve the environment and provide for a healthy community.

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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 $691,021

Program Service Revenue $0

Investment Income $5,484

Other Revenue $58,578

TOTAL REVENUE $755,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,076,120

Other Expenses $147,730

TOTAL EXPENSES $147,730

Year-over-Year Comparison

	2025	2024	Change
Revenue	$755,083	$1,327,647	-0.4%
Expenses	$147,730	$395,874	-0.6%
Net Income	$607,353	$931,773	-0.3%

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

100

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
Logan Posson	President	2.00	Officer	$0	$0	$0
Beverly Katterhenry	Vice President	10.00	Officer	$0	$0	$0
David Santelik	Treasurer	1.00	Officer	$0	$0	$0
Michelle Lowry	Secretary	1.00	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	$755,083	$147,730	$2,404,968	$607,353
2024	$1,327,647	$395,874	$1,797,609	$931,773
2023	$120,729	$100,320	$5,935,299	$20,409
2022	$4,721,550	$329,041	$5,912,785	$4,392,509
2021	$45,049	$359,390	$1,520,276	$-314,341
2020	$1,624,112	$325,356	$1,834,617	$1,298,756

SPEEDWAY TRAILS ASSOCIATION