Headwaters Trails Alliance (EIN 841363392) - 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

1997

Legal Domicile

Principal Officer

Meara L McQuain

Phone

9707261013

Tax Period

2023-01-01 to 2023-12-31

Headwaters Trails Alliance, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $891K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

Grand County Adopt-a-trail Program, county wide trail maintenance, winter trail grooming program, trail development, securing grant funds for local land managers (USFS, BLM and local municipalities), representation of all trail user groups

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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 $883,291

Program Service Revenue $6,145

Investment Income $1,432

Other Revenue $0

TOTAL REVENUE $890,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $338,508

Fundraising Expenses $0

Program Expenses $795,891

Other Expenses $571,619

TOTAL EXPENSES $910,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$890,868	$624,185	+0.4%
Expenses	$910,127	$577,930	+0.6%
Net Income	$-19,259	$46,255	-1.4%

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

616

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

$81,090

Total Directors

$81,090

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Kacik	Vice President	1.00	Officer Director	$0	$0	$0
James Shockey	Vice President	1.00	Officer Director	$0	$0	$0
Louise Powers	Secretary	1.00	Officer Director	$0	$0	$0
Scott Ledin	Treasurer	1.00	Officer Director	$0	$0	$0
Jamie Wolter	Director	1.00	Director	$0	$0	$0
Roger Hedlund	Director	1.00	Director	$0	$0	$0
Jeff Lunde	Director	1.00	Director	$0	$0	$0
Matt Reed	Director	1.00	Director	$0	$0	$0
George Davis	Director	1.00	Director	$0	$0	$0
Dan Nolan	Director	1.00	Director	$0	$0	$0
Erik Woog	Director	1.00	Director	$0	$0	$0
Meara L McQuain	President	32.00	Officer Director	$81,090	$0	$81,090
Rich Carlson	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	No data	No data	No data	No data
2023	$890,868	$910,127	$287,821	$-19,259
2022	$624,185	$577,930	$242,217	$46,255
2021	$774,318	$734,193	$183,068	$40,125
2020	$657,529	$615,843	$159,550	$41,686
2019	$388,217	$376,435	$112,986	$11,782
2018	$400,892	$417,291	$86,738	$-16,399

Headwaters Trails Alliance