FRIENDS OF FRED MEIJER HEARTLAND TRAIL GROUP (EIN 383166521) - 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

1994

Legal Domicile

Principal Officer

TIMOTHY KELLNER

Phone

9893882642

Tax Period

2025-01-01 to 2025-12-31

FRIENDS OF FRED MEIJER HEARTLAND TRAIL GROUP, founded in 1994, is a micro nonprofit in the Environment sector that reported $79K in total revenue in fiscal year 2025. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $113K exceeded revenue, resulting in a 43% operating deficit.

Mission

MAINTAIN 42 MILES OF BICYCLE/WALKING/RUNNING TRAIL FROM ALMA, MICHIGAN TO GREENVILLE, MICHIGAN. THIS INCLUDES RESURFACING THE PAVED TRAIL AND CLEARING THE TRAIL OF LEAVES, DEBRIS, TWIGS, BRANCHES AND TREES. ALSO TO OBTAIN FUNDS FROM VARIOUS SOURCES TO PAY FOR THE MAINTENANCE OF 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 (2025)

Revenue Breakdown

Contributions & Grants $74,664

Program Service Revenue $0

Investment Income $4,650

Other Revenue $0

TOTAL REVENUE $79,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,059

Program Expenses $110,200

Other Expenses $113,259

TOTAL EXPENSES $113,259

Year-over-Year Comparison

	2025	2024	Change
Revenue	$79,314	$116,958	-0.3%
Expenses	$113,259	$327,667	-0.7%
Net Income	$-33,945	$-210,709	-0.8%

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

100

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
JANE HEMENWAY	SECRETARY	10.00	Officer	$0	$0	$0
TIMOTHY KELLNER	TREASURER	10.00	Officer	$0	$0	$0
LARRY MCKEOWN	CHAIRMAN	10.00	Officer	$0	$0	$0
NICK SPRINGSTEEN	VICE CHAIRMA	2.00	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	$79,314	$113,259	$1,126,232	$-33,945
2024	$116,958	$327,667	$1,160,177	$-210,709
2023	$315,397	$99,190	$1,370,886	$216,207
2022	$85,721	$272,718	$1,154,679	$-186,997
2021	$64,926	$66,278	$1,410,694	$-1,352

FRIENDS OF FRED MEIJER HEARTLAND TRAIL GROUP