Top of Michigan Trails Council

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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

2025-01-01 to 2025-12-31

Top of Michigan Trails Council, founded in 1995, is a small nonprofit in the Recreation & Sports sector that reported $463K in total revenue in fiscal year 2025. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $400K left a modest 14% surplus.

Mission

We advocate and facilitate the development of a network of multipurpose recreational trails in Northern Lower Michigan.

Program Service Accomplishments

Program 1

Expenses: $207,537

PROVIDED TECHNICAL ASSISTANCE TO LOCAL TRAIL COMMITTEES FOR THE BURTLAKE TRAIL, CENTRAL LAKE TO BELLAIRE TRAIL, LITTLE TRAVERSE WHEELWAY,BOYNE CITY TO CHARLEVOIX TRAIL, AND THE HIGH COUNTRY...

PROVIDED TECHNICAL ASSISTANCE TO LOCAL TRAIL COMMITTEES FOR THE BURTLAKE 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 (2025)

Revenue Breakdown

Contributions & Grants $394,512

Program Service Revenue $630

Investment Income $19,675

Other Revenue $47,867

TOTAL REVENUE $462,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $199,999

Fundraising Expenses $128,020

Program Expenses $207,537

Other Expenses $200,091

TOTAL EXPENSES $400,090

Year-over-Year Comparison

	2025	2024	Change
Revenue	$462,684	$347,614	+0.3%
Expenses	$400,090	$429,152	-0.1%
Net Income	$62,594	$-81,538	-1.8%

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

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	$87,460	$2,624	$90,084
Becca Nelson	Assistant Dir.	40.00	Officer	$55,000	$1,650	$56,650
Mona O'Neil	Treasurer	3.00	Officer Director	$0	$0	$0
Brian Slater	Secretary	1.00	Officer Director	$0	$0	$0
Ric Loyd	Director	1.00	Director	$0	$0	$0
Michael Sheean	Director	1.00	Director	$0	$0	$0
Tom Ling	President	3.00	Director	$0	$0	$0
Kate Scollin	Chairman	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
John Scholten	Vice President	1.00	Officer Director	$0	$0	$0
Jed Howbert	Director	0.00	Director	$0	$0	$0
Margie Reh	Director	0.00	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
2025	$462,684	$400,090	$843,406	$62,594
2024	$347,614	$429,152	$780,767	$-81,538
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