Gogebic Range Trail Authority Inc (EIN 382929362) - 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

2007

Principal Officer

Jerry Nezworski

Phone

9063641398

Tax Period

2024-10-01 to 2025-09-30

Gogebic Range Trail Authority Inc, founded in 2007, is a small nonprofit in the Recreation & Sports sector that reported $189K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $220K exceeded revenue, resulting in a 17% operating deficit.

Mission

The Gogebic Range Trail Authority, Inc. is dedicated to the development, maintenance, and safe operation of public recreational trails. Our mission is to provide high-quality motorized and non-motorized trail systems for the community and visitors, ensuring environmental stewardship and promoting local tourism through safe and accessible trail infrastructure

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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 (2024)

Revenue Breakdown

Contributions & Grants $170,711

Program Service Revenue $7,957

Investment Income $6

Other Revenue $9,987

TOTAL REVENUE $188,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,409

Program Expenses $200,835

Other Expenses $220,410

TOTAL EXPENSES $220,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,661	$131,608	+0.4%
Expenses	$220,410	$155,881	+0.4%
Net Income	$-31,749	$-24,273	+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

N/A

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
Susan Kangas	Treasurer	5.00	Director	$0	$0	$0
Karen Gullan	Vice President	2.00	Director	$0	$0	$0
Kami Haffenbredl	Secretary	0.00	Officer Director	$0	$0	$0
Brian Haffenbredl	Trustee	0.00	Officer Director	$0	$0	$0
Shawn Swiontek	Trustee	0.00	Director	$0	$0	$0
Carter Kravik	Trustee	0.00	Director	$0	$0	$0
Jean Rogers	Treasurer	0.00	Director	$0	$0	$0
Brian Blaskowski	Trustee	0.00	Director	$0	$0	$0
Jerry Nezworski	President	5.00	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	$188,661	$220,410	$291,356	$-31,749
2020	$165,796	$198,726	$494,593	$-32,930
2019	$171,686	$203,570	$548,335	$-31,884

Gogebic Range Trail Authority Inc