KATAHDIN AREA TRAILS (EIN 465051845) - 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

2014

Legal Domicile

Principal Officer

MICHAEL SMITH

Phone

2079991034

Tax Period

2025-01-01 to 2025-12-31

KATAHDIN AREA TRAILS, founded in 2014, is a micro nonprofit that reported $5K in total revenue in fiscal year 2025. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $9K exceeded revenue, resulting in a 100% operating deficit.

Mission

TO BUILD SUSTAINABLE, PURPOSE-BUILT, NON-MOTORIZED TRAILS IN MAINE'S KATAHDIN REGION. WE WORK TO CREATE, ENHANCE AND SUPPORT TRAIL SYSTEMS OF ALL KINDS THAT SUPPORT COMMUNITY CONNECTIVITY, APPEAL TO ALL AGES AND ABILITIES, HELP LOCAL RESIDENTS ENGAGE IN THE OUTDOORS YEAR-ROUND, AND PROMOTE THE NATURAL BEAUTY OF THE REGION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,580

Program Service Revenue $448

Investment Income $2,503

Other Revenue $0

TOTAL REVENUE $4,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $183

Program Expenses $8,874

Other Expenses $9,057

TOTAL EXPENSES $9,057

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,531	$176,616	-1.0%
Expenses	$9,057	$175,132	-0.9%
Net Income	$-4,526	$1,484	-4.0%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRANDON CHASE	TREASURER	1.00	Officer Director	$0	$0	$0
MIKE DOWNING	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDY JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
GREG KRANICH	DIRECTOR	1.00	Director	$0	$0	$0
SALLY MILLS	REGISTERED A	1.00	Director	$0	$0	$0
MATTHEW POLSTEIN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GABRIEL REMILLARD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRENNAN TURNER	DIRECTOR	1.00	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
2025	$4,531	$9,057	No data	$-4,526
2024	$176,616	$175,132	$115,926	$1,484
2023	$334,862	$469,806	$171,617	$-134,944
2022	$250,904	$249,363	$268,016	$1,541
2022	$232,466	$249,363	$268,016	$-16,897
2021	$309,885	$294,396	$270,787	$15,489
2020	$433,945	$204,122	$251,236	$229,823
2019	$238,652	$274,895	$48,032	$-36,243
2018	$269,262	$313,615	$62,749	$-44,353

KATAHDIN AREA TRAILS