Sherburne County Trail Association (EIN 411610177) - 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

2006

Legal Domicile

Principal Officer

Bryan Galligher

Tax Period

2023-01-01 to 2023-12-31

Sherburne County Trail Association, founded in 2006, is a micro nonprofit in the Recreation & Sports sector that reported $87K in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. Net assets of $468K represent 65 months of operating reserves.

Mission

The Association provides snowmobile trail maintenance in Sherburne County, MN. All trail grooming activities must meet MN Department of Natural Resources (DNR) requirements and guidelines

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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 (2023)

Revenue Breakdown

Contributions & Grants $69,650

Program Service Revenue $0

Investment Income $17,282

Other Revenue $0

TOTAL REVENUE $86,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,673

Other Expenses $87,673

TOTAL EXPENSES $87,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$86,932	$50,547	+0.7%
Expenses	$87,673	$74,854	+0.2%
Net Income	$-741	$-24,307	-1.0%

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

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	Role	Reportable Comp	Other Comp	Total
Larry Gallus	Maintenance Coordinator	Officer Director	$0	$0	$0
John Gilbertson	President	Officer Director	$0	$0	$0
Scotty Harder	Vice President	Officer Director	$0	$0	$0
Brad Boser	Secretary	Officer Director	$0	$0	$0
Steve Collins	Trail Coordinator	Officer Director	$0	$0	$0
Bryan Galligher	Treasurer	Officer 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	No data	No data	No data	No data
2023	$86,932	$87,673	$467,694	$-741
2022	$50,547	$74,854	$468,435	$-24,307
2021	$66,185	$71,938	$495,100	$-5,753
2020	$174,500	$122,087	$578,709	$52,413
2019	$41,254	$96,311	$527,491	$-55,057
2018	$93,597	$35,504	$601,136	$58,093

Sherburne County Trail Association