Iron Belle Trail Fund (EIN 824857694) - 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

2018

Legal Domicile

Principal Officer

Peaches McCahill

Phone

5179083818

Tax Period

2023-10-01 to 2024-09-30

Iron Belle Trail Fund, founded in 2018, is a small nonprofit in the Recreation & Sports sector that reported $282K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 573% operating deficit.

Mission

The mission of the Michigan Trails Fund is to secure and distribute private resources that will be used to assist in the expansion and connectivity of the statewide non-motorized trail system which promotes access for all, healthy communities, connects people to places through heritage, improves local economies, and maintains Michigan's position as the trail state.

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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 $85,722

Program Service Revenue $0

Investment Income $196,092

Other Revenue $0

TOTAL REVENUE $281,814

Expense Breakdown

Grants Paid $486,187

Salaries & Benefits $0

Fundraising Expenses $24,003

Program Expenses $1,848,335

Other Expenses $1,410,632

TOTAL EXPENSES $1,896,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$281,814	$1,313,905	-0.8%
Expenses	$1,896,819	$696,899	+1.7%
Net Income	$-1,615,005	$617,006	-3.6%

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

$209,652

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peaches McCahill	President	2.00	Officer Director	$0	$0	$0
Craig Sharp	Treasurer	1.50	Officer Director	$0	$0	$0
Chris MacInnes	Secretary	1.00	Officer Director	$0	$0	$0
Glen Chown	Director	1.00	Director	$0	$0	$0
Julie Clark	Director	1.00	Director	$0	$0	$0
Amy Ghannam	Director	1.00	Director	$0	$15,072	$209,652
Jeff Hardcastle	Director	1.00	Director	$0	$0	$0
Peter Remington	Director	1.00	Director	$0	$0	$0
Larry Brinker Jr	Director	1.00	Director	$0	$0	$0
Robert Hughes	Director	1.00	Director	$0	$0	$0
Bill Barkekey	Director	1.00	Director	$0	$0	$0
Trey Zachery	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
2024	$281,814	$1,896,819	$5,004,143	$-1,615,005
2023	$1,313,905	$696,899	$6,304,065	$617,006
2022	$854,585	$505,498	$5,729,143	$349,087
2021	$1,290,984	$495,278	$5,359,477	$795,706
2020	$805,424	$700,766	$4,680,205	$104,658

Iron Belle Trail Fund