FRIENDS OF THE SPANISH MOSS TRAIL

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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

2012

Legal Domicile

Principal Officer

EUGENE A RUGALA

Phone

8434412419

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF THE SPANISH MOSS TRAIL, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $182K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $161K left a modest 12% surplus.

Mission

THE SPANISH MOSS TRAIL IS AN EMERGING RAILS-TO-TRAIL GREENWAY PROJECT OWNED BY BEAUFORT COUNTY, SOUTH CAROLINA AND IS LOCATED IN THE HEART OF NORTHERN BEAUFORT COUNTY. THE SPANISH MOSS TRAIL IS A PAVED PEDESTRIAN TRAIL OPEN FOR THE ENJOYMENT OF BIKERS, RUNNERS, WALKERS, FISHERS, AND NATURE ENTHUSIASTS OF ALL STAGES OF LIFE. THE TRAIL WILL CONNECT NEIGHBORHOODS, PARKS, WATER AND MARSH VIEWS, NATURE PRESERVES, CULTURAL FEATURES, HISTORIC SITES AND BUSINESSES FOR RECREATION, TRANSPORTATION AND CONSERVATION PURPOSES. THE FRIENDS OF THE SPANISH MOSS TRAIL IS DEDICATED TO IMPROVING THE QUALITY OF LIFE IN NORTHERN BEAUFORT COUNTY BY DEVELOPING, ENHANCING, AND MAINTAINING THE SPANISH MOSS TRAIL.

Program Service Accomplishments

Program 1

Expenses: $85,480

PUBLIC AWARENESS AND DEVELOPMENT CONSULTANT INCLUDING TRAVEL EXPENSES. PRINTING OF LETTERHEAD, BROCHURES, TRAIL MAPS, AND PRESENTATION PACKAGES TO PRESPECTIVE DONORS & DUES FOR LOCAL CHAMBER.

Program 2

Expenses: $70,673

DEPRECIATION OF TRAIL IMPROVEMENTS.

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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 $179,681

Program Service Revenue $0

Investment Income $2,670

Other Revenue $0

TOTAL REVENUE $182,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,153

Other Expenses $160,631

TOTAL EXPENSES $160,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,351	$306,025	-0.4%
Expenses	$160,631	$144,994	+0.1%
Net Income	$21,720	$161,031	-0.9%

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
NORA KRESCH	SECRETARY	Officer Director	$0	$0	$0
EUGENE RUGALA	TREASURER	Officer Director	$0	$0	$0
DAVID BARTON	BOARD OF DIRECTOR	Director	$0	$0	$0
JOE DEVITO	CHAIRMAN	Officer Director	$0	$0	$0
DEAN MOSS	EXECUTIVE DIRECTOR	Officer Director	$0	$0	$0
GARY THOMPSON	BOARD OF DIRECTOR	Director	$0	$0	$0
KATE HINES	BOARD OF DIRECTOR	Director	$0	$0	$0
DICK DEUEL	BOARD OF DIRECTOR	Director	$0	$0	$0
MARY ROE	BOARD OF DIRECTOR	Director	$0	$0	$0
STEVE MIX	BOARD OF DIRECTOR	Director	$0	$0	$0
CHARLIE FROST	BOARD OF DIRECTOR	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	$182,351	$160,631	$849,148	$21,720
2022	$306,025	$144,994	$827,428	$161,031
2021	$89,507	$139,970	$666,397	$-50,463
2020	$233,276	$127,408	$716,860	$105,868
2019	$128,227	$127,136	$610,992	$1,091
2018	$149,345	$118,208	$609,901	$31,137