CYCLISTS OF GITCHEE GUMEE SHORES

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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

1994

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

CYCLISTS OF GITCHEE GUMEE SHORES, founded in 1994, is a small nonprofit in the Environment sector that reported $164K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $59K, a strong 36% operating margin.

Mission

CYCLISTS OF GITCHEE GUMEE SHORES (COGGS) IS DEDICATED TO DEVELOPING AND MAINTAINING WORLD-CLASS MOUNTAIN BIKING OPPORTUNITIES FOR ALL IN THE TWIN PORTS AREA.

Program Service Accomplishments

Program 1

Expenses: $102,972

COGGS BUILDS AND MAINTAINS TRAILS IN THE DULUTH, MN AREA. IN 2023, COGGS BUILT A NEW SECTION OF TRAIL CALLED THE HARTLEY PINES LOOP. THIS TRAIL FURTHERS COGGS GOAL TO PROVIDE TRAILS THAT ARE...

COGGS BUILDS AND MAINTAINS TRAILS IN THE DULUTH, MN AREA. IN 2023, COGGS BUILT A NEW SECTION OF TRAIL CALLED THE HARTLEY PINES LOOP. THIS TRAIL FURTHERS COGGS GOAL TO PROVIDE TRAILS THAT ARE BEGINNER, ADAPTIVE AND YOUTH FRIENDLY. PROGRAM RELATED EXPENSES ARE THE COST OF THESE NEW TRAILS AND UTILITIES FOR MAINTENANCE OF EXISTING TRAILS THROUGHOUT THE LOCAL 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 (2023)

Revenue Breakdown

Contributions & Grants $126,578

Program Service Revenue $0

Investment Income $2,808

Other Revenue $35,041

TOTAL REVENUE $164,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,867

Fundraising Expenses $0

Program Expenses $102,972

Other Expenses $72,669

TOTAL EXPENSES $105,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,427	$180,109	-0.1%
Expenses	$105,536	$125,291	-0.2%
Net Income	$58,891	$54,818	+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

Volunteers

125

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

$28,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANSEL SCHIMPFF	EXECUTIVE DIRECTOR	40.00	Officer	$28,920	$0	$28,920
CARRIE TOTUSHEK	MARKETING DIRECTOR	1.00	Director	$0	$0	$0
NATHAN SHAW	TRAILS DIRECTOR	1.00	Director	$0	$0	$0
DUSTIN VORHEES	VICE CHAIR	1.00	Director	$0	$0	$0
MICHAEL SCHARENBROICH	FUNDRAISING DIRECTOR	1.00	Director	$0	$0	$0
BEN JOHNSON	VOLUNTEER DIRECTOR	1.00	Director	$0	$0	$0
MEGAN MCMAHON	FORMER VOLUNTEER DIRECTOR	1.00	Director	$0	$0	$0
DAVID BALDUS	MEMBERSHIP DIRECTOR	1.00	Director	$0	$0	$0
NIKOLAI ANIKIN	FORMER RIDES DIRECTOR	1.00	Director	$0	$0	$0
ERIN LINDGREN	RIDES DIRECTOR	1.00	Director	$0	$0	$0
ABIGAIL SAVOLT	TREASURER	1.00	Officer Director	$0	$0	$0
MASON BASCO	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVE ANTONSON	FORMER CHAIR	1.00	Officer	$0	$0	$0
JAKE BOYCE	CHAIR	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
2024	No data	No data	No data	No data
2023	$164,427	$105,536	$342,736	$58,891
2022	$180,109	$125,291	$272,849	$54,818
2021	$110,368	$102,337	$217,710	$8,031
2020	$117,980	$133,588	$208,756	$-15,608
2019	$191,566	$94,875	$224,364	$96,691
2018	$184,465	$151,156	$127,673	$33,309