FRIENDS OF THE FRED MEIJER RIVER VALLEY RAIL-TRAILS (EIN 320335498) - 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

2012

Principal Officer

ALAN TEELANDER

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF THE FRED MEIJER RIVER VALLEY RAIL-TRAILS, founded in 2012, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $95K in total revenue in fiscal year 2025. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $86K left a modest 10% surplus.

Mission

TO FOSTER AND FACILITATE THE CONVERSION OF GREENWAYS AND RAILROAD RIGHTS- OF-WAY IN THE COUNTIES OF IONIA, KENT, AND MONTCALM TO NON-MOTOTIZED TRAILS FOR THE USE OF THE GENERAL PUBLIC.

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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 $95,029

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $95,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $85,697

Other Expenses $85,697

TOTAL EXPENSES $85,697

Year-over-Year Comparison

	2025	2024	Change
Revenue	$95,029	$258,169	-0.6%
Expenses	$85,697	$249,727	-0.7%
Net Income	$9,332	$8,442	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL BRADLEY	TREASURER	5.00	Officer Director	$0	$0	$0
RON GUNDERSON	TRAIL ADMINI	5.00	Officer Director	$0	$0	$0
ALAN TEELANDER	PRESIDENT	5.00	Officer 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	$95,029	$85,697	$22,549	$9,332
2024	$258,169	$249,727	$13,217	$8,442
2023	$174,921	$269,530	$4,775	$-94,609
2022	$119,294	$145,626	$99,384	$-26,332
2021	$55,133	$73,190	$125,716	$-18,057
2020	$70,328	$245,998	$143,773	$-175,670

FRIENDS OF THE FRED MEIJER RIVER VALLEY RAIL-TRAILS