Top of Michigan Trails Council (EIN 383263521) - 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

1995

Legal Domicile

Principal Officer

Brent Bolin

Phone

2313488280

Tax Period

2024-01-01 to 2024-12-31

Top of Michigan Trails Council, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $348K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $406K exceeded revenue, resulting in a 17% operating deficit.

Mission

WE ADVOCATE AND FACILITATE THE DEVELOPMENT OF A NETWORK OF MULTIPURPOSE RECREATIONAL TRAILS IN NORTHERN LOWER MICHIGAN. CURRENTLY THERE ARE 325 MILES OF TRAIL IN OUR INVENTORY AND MOST ARE CLASSIFIED AS "IMPROVED." PROVIDED TECHNICAL ASSISTANCE TO LOCAL TRAIL COMMITTEES FOR THE BURT LAKE TRAIL, CENTRAL LAKE TO BELLAIRE TRAIL, LITTLE TRAVERSE WHEELWAY, BOYNE CITY TO CHARLEVOIX TRAIL, AND THE HIGH COUNTRY PATHWAY. CONTINUED COLLABORATION WITH TART TRAILS OF TRAVERSE CITY ON THE NAKWEMA TRAILWAY (FORMERLY KNOWN AS TRAVERSE CITY TO CHARLEVOIX 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 (2024)

Revenue Breakdown

Contributions & Grants $296,471

Program Service Revenue $1,081

Investment Income $10,833

Other Revenue $39,229

TOTAL REVENUE $347,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,993

Fundraising Expenses $119,969

Program Expenses $221,874

Other Expenses $206,152

TOTAL EXPENSES $406,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$347,614	$397,299	-0.1%
Expenses	$406,145	$423,901	0.0%
Net Income	$-58,531	$-26,602	+1.2%

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

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

$146,734

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brent Bolin	Executive Dir.	40.00	Officer	$90,084	$0	$90,084
Becca Nelson	Assistant Dir.	40.00	Officer	$56,650	$0	$56,650
James Conboy	President	1.00	Director	$0	$0	$0
Mona O'Neil	Treasurer	3.00	Director	$0	$0	$0
Brian Slater	Secretary	1.00	Officer Director	$0	$0	$0
Ric Loyd	Director	1.00	Director	$0	$0	$0
Lindsey Clark	Director	1.00	Director	$0	$0	$0
Max Putters	Director	1.00	Director	$0	$0	$0
Michael Sheean	Director	1.00	Director	$0	$0	$0
Tom Ling	President	3.00	Officer Director	$0	$0	$0
Kate Scollin	Vice President	1.00	Officer Director	$0	$0	$0
Liam Dreyer	Director	1.00	Director	$0	$0	$0
Slava Mykhayls	Director	1.00	Director	$0	$0	$0
Margie Reh	Director	1.00	Director	$0	$0	$0
John Scholten	Director	1.00	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
2024	$347,614	$406,145	$803,774	$-58,531
2023	$397,299	$423,901	$859,319	$-26,602
2022	$422,054	$522,947	$892,062	$-100,893
2021	$510,130	$341,937	$838,587	$168,193
2020	$326,911	$324,601	$670,985	$2,310
2019	$282,975	$312,155	$645,930	$-29,180
2018	$285,478	$239,829	$672,716	$45,649

Top of Michigan Trails Council