Forest Lake Area Trail System

Nonprofit profile at a glance

EIN
812935540
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Kirksville, MO, USA
Phone
6609881798
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Physical Fitness and Community Recreational Facilities

Reported finances

Revenue
$93,489
Expenses
$124,930
Assets
$8,146
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Daniel Martin (Board President (2020-Present))
  • Royce Kallerud (Board Vice President (2020-Present))

People named in this filing

  • Daniel Martin (Board President (2020-Present))
  • Royce Kallerud (Board Vice President (2020-Present))
  • Theodore Frushour (Board Treasurer and Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Build and maintain a network of recreational hiking and bicycling trails in an and around Kirksville, Missouri.

What it reported doing in 2024

Engaged the service of a variety of local contractors including Peckosh Landscaping, Compass Electric, Lemmon Landscaping, and Stanton Concrete to complete the construction of a parking lot at the FLATS Theta Psi Trailhead in Kirksville, MO. The trailhead/park and adjacent .75 mile public trail and park project was completed with FLATS funds as well as via a matching grant from the Missouri Department of Conservation of approximately $50,000 as well as $19000 of assistance from the City of Kirksville.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 100
  • Sustainability: 25
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.6%; rating input score 93

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -33.6%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 89.4% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 32.1% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: -54.1% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $116K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.