THOR INC (EIN 412161420) - 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

2010

Legal Domicile

Principal Officer

JASON BRUMMELS

Phone

4022256564

Tax Period

2024-01-01 to 2024-12-31

THOR INC, founded in 2010, is a small nonprofit in the Recreation & Sports sector that reported $882K in total revenue in fiscal year 2024. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $1.7M exceeded revenue, resulting in a 96% operating deficit.

Mission

TO CREATE AND SHARE THE NATURAL SURFACE TRAIL EXPERIENCE IN EASTERN NEBRASKA AND WESTERN IOWA THROUGH ADVOCACY, EDUCATION, AND THE BUILDING OF SUSTAINABLE AND ACCESSIBLE TRAILS.

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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 $834,101

Program Service Revenue $20,511

Investment Income $25,283

Other Revenue $1,776

TOTAL REVENUE $881,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $541,694

Fundraising Expenses $12,397

Program Expenses $1,086,863

Other Expenses $1,188,411

TOTAL EXPENSES $1,730,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$881,671	$1,683,165	-0.5%
Expenses	$1,730,105	$396,088	+3.4%
Net Income	$-848,434	$1,287,077	-1.7%

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

569

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

$119,898

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORBIN REDLI	PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICK JENSEN	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN KRECEK	TREASURER	2.00	Officer Director	$0	$0	$0
BREANNE CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
TODD EYBERG	DIRECTOR	1.00	Director	$0	$0	$0
BRENT FULLMER	DIRECTOR	1.00	Director	$0	$0	$0
KERRY KREMKE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES KRIST	DIRECTOR	1.00	Director	$0	$0	$0
BOB PALMESANO	DIRECTOR	1.00	Director	$0	$0	$0
JASON BRUMMELS	EXECUTIVE DIRECTOR	40.00	Officer	$119,898	$0	$119,898

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	$881,671	$1,730,105	$614,559	$-848,434
2023	$1,683,165	$396,088	$1,454,676	$1,287,077

THOR INC