TRAILSPRING INC (EIN 462819749) - 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

2012

Legal Domicile

Phone

4178483358

Tax Period

2023-01-01 to 2023-12-31

TRAILSPRING INC, founded in 2012, is a small nonprofit in the Recreation & Sports sector that reported $220K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $350K exceeded revenue, resulting in a 59% operating deficit.

Mission

The mission of Trailspring Inc. is to improve the health and activity level of the Springfield area by creating and maintaining a network of multi-use trails. Through this network, provide measurable economic impact in order to engage community enterprises to contribute to the education and construction of this network and further perpetuate the health of the community.

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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 $201,768

Program Service Revenue $13,911

Investment Income $4,132

Other Revenue $187

TOTAL REVENUE $219,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,098

Fundraising Expenses $0

Program Expenses $344,256

Other Expenses $300,181

TOTAL EXPENSES $350,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$219,998	$643,998	-0.7%
Expenses	$350,279	$346,495	+0.0%
Net Income	$-130,281	$297,503	-1.4%

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

200

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

$46,538

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAINA GROTE	Executive Dir.	40.00	Officer	$46,538	$0	$46,538
JAMES LEA	Director	2.00	Director	$0	$0	$0
JEFF FRYE	Vice President	2.00	Officer Director	$0	$0	$0
CHASE KELLY	Director	2.00	Director	$0	$0	$0
CODY DANASTASIO	President	2.00	Officer Director	$0	$0	$0
TRENT JACKSON	Director	2.00	Director	$0	$0	$0
WILLIAM ANGLE	Treasurer	8.00	Officer Director	$0	$0	$0
JOHN EVERETT	Director	2.00	Director	$0	$0	$0
JASON KREBBS	Director	2.00	Director	$0	$0	$0
KRISTY TAYLOR	Director	2.00	Director	$0	$0	$0
DEREK HUNTER	Director	2.00	Director	$0	$0	$0
TOM LAMPE	Director	2.00	Director	$0	$0	$0
ERIC BELK	Director	2.00	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	No data	No data	No data	No data
2023	$219,998	$350,279	$2,038,279	$-130,281
2022	$643,998	$346,495	$2,025,131	$297,503
2021	$1,319,360	$322,623	$1,727,628	$996,737
2020	$256,944	$236,180	$730,791	$20,764
2019	$212,802	$268,042	$712,567	$-55,240
2018	$181,559	$239,765	$775,089	$-58,206

TRAILSPRING INC