NOQUEMANON TRAILS NETWORK 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

2001

Legal Domicile

Principal Officer

WALLY PEARSON

Phone

9062286182

Tax Period

2024-01-01 to 2024-12-31

NOQUEMANON TRAILS NETWORK COUNCIL, founded in 2001, is a community nonprofit in the Recreation & Sports sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $333K, a strong 26% operating margin.

Mission

TO SECURE, DEVELOP, MAINTAIN AND PROMOTE THE USE OF A NON-MOTORIZED TRAIL NETWORK THROUGHOUT THE CENTRAL UPPER PENINSULA OF MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $905,891 Revenue: $948,416

DEVELOPMENT AND MAINTENANCE OF OVER 150 MILES OF NONMOTORIZED TRAILS FUNDED BY CONTRIBUTIONS FROM 1,750 MEMBERS AND UTILIZED BY OVER 75,000 LOCAL AND VISTING USERS

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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 $289,045

Program Service Revenue $948,416

Investment Income $36,956

Other Revenue $0

TOTAL REVENUE $1,274,417

Expense Breakdown

Grants Paid $0

Salaries & Benefits $269,653

Fundraising Expenses $0

Program Expenses $905,891

Other Expenses $671,341

TOTAL EXPENSES $940,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,274,417	$1,489,413	-0.1%
Expenses	$940,994	$893,296	+0.1%
Net Income	$333,423	$596,117	-0.4%

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

300

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

$82,276

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI HAUSWIRTH	EXECUTIVE DI	40.00	Director	$64,346	$0	$64,346
KELLIE BARRY-ANGELI	MEMBER	25.00	Director	$17,930	$0	$17,930
MIKE BRUNET	MEMBER	1.00	Director	$0	$0	$0
ADAM CORNETTE	MEMBER	1.00	Director	$0	$0	$0
TRACY GOBLE	SECRETARY	1.00	Officer Director	$0	$0	$0
SVEN GONSTEAD	MEMBER	1.00	Director	$0	$0	$0
RICK HILL	MEMBER	1.00	Director	$0	$0	$0
PAUL JOHNSTON	MEMBER	1.00	Director	$0	$0	$0
SCOTT JORDAN	MEMBER	1.00	Director	$0	$0	$0
WILLIAM NOLAN	TREASURER	1.00	Officer Director	$0	$0	$0
WALLY PEARSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JASON ROLLING	MEMBER	1.00	Director	$0	$0	$0
MICHAEL SAUER	MEMBER	1.00	Director	$0	$0	$0
COTOPAXI SPRATTMORAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LYLE VANDERSCHAAF	MEMBER	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	$1,274,417	$940,994	$2,537,019	$333,423
2023	$1,489,413	$893,296	$2,582,709	$596,117
2022	$877,855	$777,180	$1,985,891	$100,675
2021	$959,707	$640,898	$1,885,775	$318,809
2020	$673,833	$678,512	$1,617,721	$-4,679
2019	$1,507,713	$945,819	$1,612,865	$561,894
2018	$927,135	$836,862	$1,084,130	$90,273