FIRELANDS RAILS TO TRAILS INC (EIN 341941525) - 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

2000

Legal Domicile

Principal Officer

JOSH WYRICK

Phone

4196683027

Tax Period

2021-01-01 to 2021-12-31

FIRELANDS RAILS TO TRAILS INC, founded in 2000, is a micro nonprofit in the Recreation & Sports sector that reported $87K in total revenue in fiscal year 2021. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $64K, a strong 74% operating margin.

Mission

AN ALL-VOLUNTEER, NON-PROFIT GROUP DEDICATED TO THE DESIGN, CONSTRUCTION, MAINTENANCE AND OPERATION OF THE NORTH COAST INLAND TRAIL IN HURON COUNTY. THE ORGANIZATION DEVELOPS, MAINTAINS AND PROMOTES THE 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 (2021)

Revenue Breakdown

Contributions & Grants $86,637

Program Service Revenue $0

Investment Income $0

Other Revenue $21

TOTAL REVENUE $86,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,962

Other Expenses $22,632

TOTAL EXPENSES $22,632

Year-over-Year Comparison

	2021	2020	Change
Revenue	$86,658	$43,180	+1.0%
Expenses	$22,632	$37,365	-0.4%
Net Income	$64,026	$5,815	+10.0%

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
LARRY CARPENTER	TRUSTEE	2.00	Director	$0	$0	$0
JOYCE DUPONT	TRUSTEE	2.00	Director	$0	$0	$0
LANCE FRANKE	TRUSTEE	2.00	Director	$0	$0	$0
STEVE IVORY	TRUSTEE	2.00	Director	$0	$0	$0
DOUG JACQUA	TRUSTEE	2.00	Director	$0	$0	$0
JOE MANTEY	VICE-PRESIDE	5.00	Officer Director	$0	$0	$0
JOE MISSLER	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVE PIFER	TRUSTEE	2.00	Director	$0	$0	$0
ROBB SMITHSON	TRUSTEE	2.00	Director	$0	$0	$0
JAN TKACH	TRUSTEE	2.00	Director	$0	$0	$0
MIKE WEISENBERGER	TRUSTEE	2.00	Director	$0	$0	$0
JOSH WYRICK	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
2021	$86,658	$22,632	$159,174	$64,026

FIRELANDS RAILS TO TRAILS INC