Trail Prospector Alliance (EIN 470961362) - 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

2013

Legal Domicile

Principal Officer

Nick Wognum

Tax Period

2025-01-01 to 2025-12-31

Trail Prospector Alliance, founded in 2013, is a small nonprofit in the Public Safety sector that reported $636K in total revenue in fiscal year 2025. Revenue surged 206% from the prior year, signaling strong growth momentum. The organization ran a surplus of $142K, a strong 22% operating margin.

Mission

Develoment of an ATV trail that connects the communities of Ely, Babbitt, Embarrass, Tower, and Soudan

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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 $636,082

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $636,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $490,625

Other Expenses $494,143

TOTAL EXPENSES $494,143

Year-over-Year Comparison

	2025	2024	Change
Revenue	$636,082	$207,838	+2.1%
Expenses	$494,143	$203,149	+1.4%
Net Income	$141,939	$4,689	+29.3%

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
Gene Wright	Director	5.00	Director	$0	$0	$0
Elroy Kuehl	Director	5.00	Director	$0	$0	$0
Gary Skrogman	Director	5.00	Director	$0	$0	$0
Nick Wognum	President	5.00	Officer	$0	$0	$0
Ron Potter	Trail Administrator	5.00	Officer	$0	$0	$0
Neil Olson	Treasurer	5.00	Officer	$0	$0	$0
Dave Soular	Secretary	5.00	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	$636,082	$494,143	$187,243	$141,939
2024	$207,838	$203,149	$45,304	$4,689

Trail Prospector Alliance