BILLINGS TRAILNET

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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

2002

Legal Domicile

Principal Officer

KRISTI DRAKE

Phone

4062811244

Tax Period

2023-01-01 to 2023-12-31

BILLINGS TRAILNET, founded in 2002, is a small nonprofit in the Environment sector that reported $365K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $167K, a strong 46% operating margin.

Mission

TO PROMOTE A COMPLETE, COMMUNITY-WIDE TRAIL SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $134,779 Revenue: $300

A GRASS-ROOTS ORGANIZATION THAT SUPPORTS URBAN TRAILS IN AND AROUND THE BILLINGS COMMUNITY. OUR ORGANIZATION INCREASES AWARENESS AND ENCOURAGES USE OF THE TRAILS IN OUR COMMUNITY, AND RAISES MONEY TO...

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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 $359,400

Program Service Revenue $0

Investment Income $16,212

Other Revenue $-11,029

TOTAL REVENUE $364,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,157

Fundraising Expenses $562

Program Expenses $134,779

Other Expenses $52,130

TOTAL EXPENSES $197,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$364,583	$423,065	-0.1%
Expenses	$197,287	$170,711	+0.2%
Net Income	$167,296	$252,354	-0.3%

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

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

$75,323

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE ORMSBY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOE WOMACK	DIRECTOR	2.00	Director	$0	$0	$0
STEVE NEARY	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HANSON	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH CIEMINS	DIRECTOR	2.00	Director	$0	$0	$0
ANDY BEACH	DIRECTOR	2.00	Director	$0	$0	$0
MORGAN TUSS	DIRECTOR	2.00	Director	$0	$0	$0
KOLTEN KNATTERUD	VICE PRESIDENT	2.00	Director	$0	$0	$0
KEVIN ODENTHAL	DIRECTOR	2.00	Director	$0	$0	$0
KATHY JAMES	DIRECTOR	2.00	Director	$0	$0	$0
JIM DOWNS	DIRECTOR	2.00	Director	$0	$0	$0
KRISTI DRAKE	EXECUTIVE DIRECTOR	40.00	Officer	$71,503	$3,820	$75,323

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	$364,583	$197,287	$901,930	$167,296
2022	$423,065	$170,711	$727,763	$252,354
2021	$282,092	$241,252	$463,124	$40,840
2020	$263,337	$222,795	$415,285	$40,542
2019	$315,823	$188,475	$407,215	$127,348
2018	$168,035	$234,663	$279,548	$-66,628