FRIENDS OF THE LEGACY TRAIL INC (EIN 813060109) - 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

2017

Legal Domicile

Principal Officer

MICHELLE STANLEY

Phone

4154074024

Tax Period

2023-10-01 to 2024-09-30

FRIENDS OF THE LEGACY TRAIL INC, founded in 2017, is a small nonprofit in the Recreation & Sports sector that reported $308K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $219K, a strong 71% operating margin.

Mission

SUPPORT, PROMOTE, ENHANCE, PROTECT THE LEGACY TRAIL, A SARASOTA COUNTY PARK, AND ITS TRAIL CONNECTORS NOW AND FOR FUTURE GENERATIONS.

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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 $271,612

Program Service Revenue $29,333

Investment Income $6,714

Other Revenue $0

TOTAL REVENUE $307,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $32,062

Program Expenses $43,105

Other Expenses $88,920

TOTAL EXPENSES $88,920

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,659	$268,103	+0.1%
Expenses	$88,920	$135,211	-0.3%
Net Income	$218,739	$132,892	+0.6%

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
LOUIS KOSIBA	PRESIDENT	10.00	Officer	$0	$0	$0
RITA MIOTTI	VICE PRESIDENT	10.00	Officer	$0	$0	$0
PAM COX	SECRETARY	2.00	Officer	$0	$0	$0
MICHELLE STANLEY	TREASURER	15.00	Officer	$0	$0	$0
ARTHUR REA	DIRECTOR	5.00	Director	$0	$0	$0
JOAN ATTENBERG	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM MOSS	DIRECTOR	10.00		$0	$0	$0
CRAIG EMDEN	DIRECTOR	2.00		$0	$0	$0
DEBORAH HILL	DIRECTOR	10.00		$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	$307,659	$88,920	$608,582	$218,739
2023	$268,103	$135,211	$388,075	$132,892

FRIENDS OF THE LEGACY TRAIL INC