TRAILS OF MISSISSIPPI INC

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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

2022

Legal Domicile

Principal Officer

MATT CLEM

Phone

6016131812

Tax Period

2023-01-01 to 2023-12-31

TRAILS OF MISSISSIPPI INC, founded in 2022, is a micro nonprofit in the Environment sector that reported $83K in total revenue in fiscal year 2023. The organization ran a surplus of $37K, a strong 44% operating margin.

Mission

TRAILS OF MISSISSIPPI, INC. (TOMS) WAS ORGANIZED AS A NONPROFIT CORPORATION WITH A MISSION TO ADVOCATE THE DEVELOPMENT OF DIVERSE, HIGH-QUALITY PARKS, TRAILS, WATER WAYS AND GREENWAYS FOR THE BENEFIT OF PEOPLES AND THEIR COMMUNITIES. THROUGH COLLABORATION, EDUCATION, AND COMMUNICATION, TOMS OFFERS GRANTS TO NON-PROFIT 501(C)(3) ORGANIZATIONS LOCATED IN MISSISSIPPI THAT PROVIDE AND PROMOTE ACTIVITIES AND SERVICES ON PARKS, TRAILS, WATERWAYS AND GREENWAYS. TOMS RECEIVES A SIGNIFICANT AMOUNT OF FUNDRAISING REVENUE FROM BINGO ACTIVITIES OPERATED UNDER THE STATE OF MISSISSIPPI CHARITABLE BINGO LAWS AS REGULATED BY THE MISSISSIPPI GAMING COMMISSION.

Program Service Accomplishments

Program 1

Expenses: $2,000

TRAILS OF MISSISSIPPI (TOMS) ADVOCATED FOR THE DEVELOPMENT OF DIVERSE, HIGH QUALITY PARKS, TRAILS, WATER WAYS, AND GREENWAYS FOR THE BENEFIT OF PEOPLE AND THEIR COMMUNITIES. THROUGH COLLABORATION...

TRAILS OF MISSISSIPPI (TOMS) ADVOCATED FOR THE DEVELOPMENT OF DIVERSE, HIGH QUALITY PARKS, TRAILS, WATER WAYS, AND GREENWAYS FOR THE BENEFIT OF PEOPLE AND THEIR COMMUNITIES. THROUGH COLLABORATION, EDUCATION, AND COMMUNICATION, TOMS GRANTS NON-PROFIT 501(C)3 ORGANIZATIONS LOCATED IN MISSISSIPPI THAT PROVIDE AND PROMOTE ACTIVITIES AND SERVICES ON PARKS, TRAILS, WATER WAYS, AND GREENWAYS. TOMS RAISED FUNDS THROUGH CHARITABLE GAMING. THE ORGANIZATION WAS ABLE TO GRANT $2,000 IN 2023, FIRST YEAR OF OPERATIONS. THE FUTURE IS HOPEFUL FOR MORE GRANTS TO BE AWARDED.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $82,843

TOTAL REVENUE $82,843

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $20,048

Fundraising Expenses $0

Program Expenses $2,000

Other Expenses $24,053

TOTAL EXPENSES $46,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$82,843	N/A	N/A
Expenses	$46,101	N/A	N/A
Net Income	$36,742	N/A	N/A

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

$63,175

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS BISNETTE	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAMERON FARMER	TREASURER/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT CLEM	EXECUTIVE DIRECTOR	40.00	Officer	$63,175	$0	$63,175

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	$82,843	$46,101	$687,187	$36,742