MILLE LACS TRAILS INC

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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

1972

Legal Domicile

Principal Officer

STEVE PEARSON

Phone

3206842024

Tax Period

2023-01-01 to 2023-12-31

MILLE LACS TRAILS INC, founded in 1972, is a small nonprofit in the Community Improvement sector that reported $228K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Net assets of $781K represent 41 months of operating reserves.

Mission

MAINTENANCE AND CONSTRUCTION OF PUBLIC SNOWMOBILE TRAILS, ATV TRAILS, MEMBER ACTIVITIES, AND FUNDRAISING ACTIVITIES RELATED TO SUCH MAINTENANCE AND CONSTRUCTION.

Program Service Accomplishments

Program 1

Expenses: $47,128

MAINTENANCE AND CONSTRUCTION OF PUBLIC SNOWMOBILE TRAILS, ATV TRAILS, MEMBER ACTIVITIES, AND FUNDRAISING ACTIVITIES REALTED TO SUCH MAINTENANCE AND CONSTRUCTION.

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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 $206,529

Program Service Revenue $0

Investment Income $0

Other Revenue $21,688

TOTAL REVENUE $228,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,115

Fundraising Expenses $0

Program Expenses $227,208

Other Expenses $193,093

TOTAL EXPENSES $227,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,217	$448,158	-0.5%
Expenses	$227,208	$453,082	-0.5%
Net Income	$1,009	$-4,924	-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

$17,400

Total Directors

$44,119

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN COOMBS	CEO	2.00	Director	$19,519	$0	$19,519
PAULA PAP	SECRETARY/TR	2.00	Officer Director	$17,400	$0	$17,400
PAULA FISHER	GRANT WRITER	2.00	Director	$3,600	$0	$3,600
AL PEARSON	SHOP SUPERVI	2.00	Director	$3,600	$0	$3,600
DEAN FISHER	TRAIL MASTER	2.00	Director	$0	$0	$0
BOBBI MACHESKY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
CALVIN MATTSON	MEMBERSHIP D	2.00	Director	$0	$0	$0
STEVE PEARSON	PRESIDENT	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$228,217	$227,208	$985,486	$1,009
2022	$448,158	$453,082	$782,086	$-4,924
2021	$621,358	$307,294	$865,196	$314,064
2020	$161,820	$161,390	$470,966	$430
2019	$158,910	$152,467	$470,989	$6,443