GRAND MARAIS SNO-TRAILS ASSOCIATION (EIN 571174458) - 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

2003

Legal Domicile

Principal Officer

MIKE LAWLESS

Tax Period

2023-07-01 to 2024-06-30

GRAND MARAIS SNO-TRAILS ASSOCIATION, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $131K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring.

Mission

PROMOTE AND SUPPORT THE SPORT OF SNOWMOBILING AND SNOWMOBILE TOURISM IN THE GRAND MARAIS AREA FOR THE BENEFIT 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 $133,418

Program Service Revenue $0

Investment Income $0

Other Revenue $-2,774

TOTAL REVENUE $130,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,648

Fundraising Expenses $0

Program Expenses $133,536

Other Expenses $125,222

TOTAL EXPENSES $134,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$130,644	$493,239	-0.7%
Expenses	$134,870	$430,618	-0.7%
Net Income	$-4,226	$62,621	-1.1%

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

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

$516

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE LAWLESS	PRESIDENT	4.00	Officer	$516	$0	$516
TIM FLYNN	TRUSTEE	4.00	Director	$0	$0	$0
ALBERT LARSON	TRUSTEE	4.00	Director	$0	$0	$0
RICHARD WILLIAMSON	VICE PRESIDE	4.00	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	No data	No data	No data	No data
2024	$130,644	$134,870	$94,876	$-4,226
2023	$493,239	$430,618	$99,102	$62,621
2022	$237,440	$239,418	$36,562	$-1,978
2021	$165,372	$190,746	$38,925	$-25,374
2020	$223,998	$246,949	$64,009	$-22,951

GRAND MARAIS SNO-TRAILS ASSOCIATION