CAROLINA THREAD TRAIL

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

C BARTON LANDESS

Phone

7049734500

Tax Period

2022-01-01 to 2022-12-31

CAROLINA THREAD TRAIL, founded in 2007, is a small nonprofit that reported $338K in total revenue in fiscal year 2022. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $9.8M exceeded revenue, resulting in a 2807% operating deficit.

Mission

TO PROVIDE CAPITAL, TECHNICAL EXPERTISE, AND SUPPORT TO LOCAL COMMUNITIES TO SUCCESSFULLY BUILD THE REGIONAL VISION OF THE TRAIL AND CONSERVE NATURAL LANES ALONG THE TRAILS.

Program Service Accomplishments

Program 1

Expenses: $9,782,170

ENVIRONMENT: THE CAROLINA THREAD TRAIL IS DEVELOPING A REGIONAL NETWORK OF GREENWAYS, TRAILS AND BLUEWAYS THAT SPAN 15 COUNTIES, 2 STATES AND 2.9 MILLION PEOPLE. THERE ARE OVER 400 MILES OF TRAILS...

ENVIRONMENT: THE CAROLINA THREAD TRAIL IS DEVELOPING A REGIONAL NETWORK OF GREENWAYS, TRAILS AND BLUEWAYS THAT SPAN 15 COUNTIES, 2 STATES AND 2.9 MILLION PEOPLE. THERE ARE OVER 400 MILES OF TRAILS AND 170 MILES OF BLUEWAY OPEN TO THE PUBLIC THAT LINK PEOPLE, PLACES, CITIES, TOWNS AND ATTRACTIONS. THE THREAD TRAIL PRESERVES OUR NATURAL AREAS AND IS A PLACE FOR EXPLORATION OF NATURE, CULTURE, SCIENCE AND HISTORY. THIS IS A LANDMARK PROJECT THAT PROVIDES PUBLIC AND COMMUNITY BENEFITS FOR EVERYONE, IN EVERY COMMUNITY. DURING 2022, THE ORGANIZATION DISBURSED GRANTS TO VARIOUS ORGANIZATIONS AND ENGAGED CATAWBA LANDS CONSERVANCY TO ASSIST IN PLANNING AND DEVELOPMENT OF GREENWAYS, TRAILS AND ENVIRONMENTAL PROTECTION. AT THE END OF 2022, THE ORGANIZATION DISSOLVED AND TRANSFERRED ALL REMAINING ASSETS TO THE FOUNDATION FOR THE CAROLINAS FOR THE BENEFIT OF CATAWBA LANDS CONSERVANCY WHICH WILL CONTINUE THIS PROJECT GOING FORWARD.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $337,575

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $337,577

Expense Breakdown

Grants Paid $8,386,205

Salaries & Benefits $0

Fundraising Expenses $2,105

Program Expenses $9,782,170

Other Expenses $1,425,739

TOTAL EXPENSES $9,811,944

Year-over-Year Comparison

	2022	2021	Change
Revenue	$337,577	$2,824,826	-0.9%
Expenses	$9,811,944	$1,321,483	+6.4%
Net Income	$-9,474,367	$1,503,343	-7.3%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$898,324

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHUFORD ABERNETHY	DIRECTOR	0.30	Director	$0	$0	$0
SALLY DALEY	DIRECTOR	0.30	Director	$0	$0	$0
DEHLER HART	DIRECTOR	0.30	Director	$0	$0	$0
DANA MANESS	DIRECTOR	0.30	Director	$0	$0	$0
BAILEY PATRICK	DIRECTOR	0.30	Director	$0	$0	$0
MARSHALL ROGERS	DIRECTOR	0.30	Director	$0	$0	$0
JENNIFER DEWITT	DIRECTOR	0.30	Director	$0	$0	$0
LAT PURSER	DIRECTOR	0.30	Director	$0	$0	$0
TIM BELK	DIRECTOR	0.30	Director	$0	$0	$0
BLAIR BOGGS	DIRECTOR	0.30	Director	$0	$0	$0
DELANE CLARK	DIRECTOR	0.30	Director	$0	$0	$0
JARRED COCHRAN	CHAIR	0.30	Director	$0	$0	$0
LESLIE JOHNSON	VICE CHAIR	0.30	Director	$0	$0	$0
JON MORRIS	DIRECTOR	0.30	Director	$0	$0	$0
HARRIS MORRISON	DIRECTOR	0.30	Director	$0	$0	$0
DAVE PRIESTER	DIRECTOR	0.30	Director	$0	$0	$0
MICAHEL MARSICANO	VICE PRESIDENT	3.00	Officer	$0	$81,188	$898,324

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
2022	$337,577	$9,811,944	No data	$-9,474,367
2021	$2,824,826	$1,321,483	$9,604,448	$1,503,343
2020	$1,864,609	$1,186,767	$7,655,189	$677,842
2019	$1,109,535	$1,306,738	$6,554,153	$-197,203