Civic Intelligence

Trailspring Inc.

990 • Fiscal year 2019 • EIN 46-2819749

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

2144 E Republic Road Ste B201Springfield, MO 65804

(417) 848-3358

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.00x

Higher debt load relative to assets than 34% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

41st percentile

0.01x

Higher debt load relative to revenue than 41% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

11th percentile

-26%

Higher net margin than 11% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

18th percentile

-8.1%

Faster asset growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$712,567

Down $62,522 (-8.1%) from 2018

Net Assets

Down

$710,027

Down $55,240 (-7.2%) from 2018

Liabilities

Down

$2,540

Down $7,282 (-74%) from 2018

Revenue

Up

$212,802

Up $31,243 (+17%) from 2018

Expenses

Up

$268,042

Up $28,277 (+12%) from 2018

Net Income

Up

-$55,240

Up $2,966 (+5.1%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2013: $489,899Liabilities 2013: $0Net Assets 2013: $489,8992013Assets 2015: $836,511Liabilities 2015: $853Net Assets 2015: $835,6582015Assets 2016: $868,799Liabilities 2016: $616Net Assets 2016: $868,1832016Assets 2017: $831,228Liabilities 2017: $7,755Net Assets 2017: $823,4732017Assets 2018: $775,089Liabilities 2018: $9,822Net Assets 2018: $765,2672018Assets 2019: $712,567Liabilities 2019: $2,540Net Assets 2019: $710,0272019Assets 2020: $730,791Liabilities 2020: $0Net Assets 2020: $730,7912020Assets 2021: $1,727,628Liabilities 2021: $100Net Assets 2021: $1,727,5282021Assets 2022: $2,025,131Liabilities 2022: $100Net Assets 2022: $2,025,0312022Assets 2023: $2,038,279Liabilities 2023: $101Net Assets 2023: $2,038,1782023Assets 2024: $1,809,911Liabilities 2024: $100Net Assets 2024: $1,809,8112024

Highlighted filing

2019

Assets$712,567
Liabilities$2,540
Net Assets$710,027

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2013: $506,995Expenses 2013: $17,096Net Income 2013: $489,8992013Revenue 2015: $425,073Expenses 2015: $139,158Net Income 2015: $285,9152015Revenue 2016: $240,486Expenses 2016: $207,961Net Income 2016: $32,5252016Revenue 2017: $154,369Expenses 2017: $199,079Net Income 2017: -$44,7102017Revenue 2018: $181,559Expenses 2018: $239,765Net Income 2018: -$58,2062018Revenue 2019: $212,802Expenses 2019: $268,042Net Income 2019: -$55,2402019Revenue 2020: $256,944Expenses 2020: $236,180Net Income 2020: $20,7642020Revenue 2021: $1,319,360Expenses 2021: $322,623Net Income 2021: $996,7372021Revenue 2022: $643,998Expenses 2022: $346,495Net Income 2022: $297,5032022Revenue 2023: $219,998Expenses 2023: $350,279Net Income 2023: -$130,2812023Revenue 2024: $164,178Expenses 2024: $400,741Net Income 2024: -$236,5632024

Highlighted filing

2019

Revenue$212,802
Expenses$268,042
Net Income-$55,240
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$212,802
Mission and Program Overview

Mission

The mission of Trailspring Inc. is to improve the health and activity level of the Springfield area by creating and maintaining a network of multi-use trails. Through this network, provide measurable economic impact in order to engage community enterprises to contribute to the education and construction of this network and further perpetuate the health of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$744,088$696,032▼ $48,056
Cash and Non-Interest-Bearing Accounts$25,428$10,962▼ $14,466
Inventories for Sale or Use$5,573$5,573→ $0
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$775,089$712,567▼ $62,522
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$9,822$2,538▼ $7,284
Other Liabilities-$2-
Total Liabilities$9,822$2,540▼ $7,282
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$765,267$710,027▼ $55,240
Total Net Assets Fund Balance$765,267$710,027▼ $55,240
Total Liabilities and Net Assets / Fund Balance$775,089$712,567▼ $62,522

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$611,062$306,406$917,468
Equipment$33,013$90,932$123,945
Buildings$50,583$7,797$58,380
Other Land Buildings$1,374$7,200$8,574
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brad BennettPresident
Jessica PearsonVice President
Chandler GreggDirector
Doug PittDirector
Dwight RahmeyerDirector
John MontgomeryDirector
Kayce MortonDirector
Trent JacksonDirector
MATT O'REILLYFounding Mbr
Revenue and Support

Revenue Composition

Contributions and Grants
$207,108
Program Service Revenue
$2,594
Investment Income
$0
Other Revenue
$3,100
All Other Contributions
$207,108
Change in Net Assets
$-55,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$268,042
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$84,805--$84,805
All Other Expenses$14,529--$14,529
Other Expenses$7,923--$7,923
Insurance$4,662--$4,662
Advertising$4,492--$4,492
Fees for Services Accounting-$2,785-$2,785
Travel$42--$42
Total Functional Expenses$265,257$2,785$0$268,042
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
MATT O'REILLYFounder/officerManagement/maintenanNo$75,099

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Board members reviewed electronic draft copy prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Board members are frequently reminded of the organization's conflict of interest policy.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Printed documents are available upon request, such as governing documents, conflict of interest policy and financial statements.

Filing and Contact Details

Filer

Filer Name
Trailspring Inc
EIN
46-2819749
Phone
4178483358
Address
2144 E REPUBLIC ROAD STE B201, SPRINGFIELD, MO 65804

Signing Officer

Name
Brad Bennett
Title
President
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
200

Preparer

Firm
Decker & DeGood PC
Address
3259 East Sunshine Suite A, Springfield, MO 65804
Preparer
Greg DeGood
Phone
4178871888
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IRS990/Desc0TrailSpring completed the first phase (approx.10 miles) of construction of Two Rivers Bike Park, which opened in August 2013. Two Rivers now consists of over 14 miles of professionally built single track trail. Opening day had over 450 attendees with 2014 attendance at well over 100 users per weekend and 200 users per week. The purpose of the trails are for hiking, walking, biking, birding, and educational clinics for all of those activities. Races are held at Two Rivers as well as instructional classes, wilderness safety courses, and trail building clinics. The construction of the trail included over 3.000 volunteer hours through TrailSpring's "Earn Your Dirt" program. Trail users continue to grow annually. For complete information, please visit www.trailspring.org
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IRS990/PYProgramServiceRevenueAmt021950
IRS990/PYRevenuesLessExpensesAmt0-58206
IRS990/PYTotalExpensesAmt0239765
IRS990/PYTotalRevenueAmt0181559
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-55240
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt03100
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0204347
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0159609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0116260
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0212973
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0417608
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01110797
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01110797
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0204347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0159609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0116260
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0212973
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0417608
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01110797
IRS990ScheduleA/TotalSupportAmt01110797
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt050583
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07797
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt058380
IRS990ScheduleD/EquipmentGrp/BookValueAmt033013
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090932
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0123945
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0611062
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0306406
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0917468
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01374
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07200
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08574
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0696032
IRS990ScheduleD/TotalLiabilityAmt02
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MATT O'REILLY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FOUNDER/OFFICER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt075099
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT/MAINTENAN
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0MATT O'REILLY IS THE FOUNDER AND AN OFFICER OF TRAILSPRING, INC. HE ALSO OWNS A COMPANY CALLED GREEN CIRCLE PROJECTS THAT FOCUSES ON REAL ESTATE DEVELOPMENT WITH AN ENVIRONMENTALLY RESPONSIBLE FOCUS AND MISSION. DURING 2019, TRAILSPRING REQUIRED MANAGEMENT AND TRAIL MAINTENANCE SERVICES FROM EMPLOYEES OF GREEN CIRCLE. TRAILSPRING REIMBURSED GREEN CIRCLE FOR THE ACTUAL COST OF THESE MANAGEMENT AND MAINTENANCE SERVICES. AS TRAILSPRING HAS NO EMPLOYEES, THESE SERVICES ARE NEEDED FROM TIME TO TIME IN THE ORDINARY COURSE OF TRAILSPRINGS ACTIVITIES.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board members reviewed electronic draft copy prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are frequently reminded of the organization's conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Printed documents are available upon request, such as governing documents, conflict of interest policy and financial statements.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0775089
IRS990/TotalAssetsEOYAmt0712567
IRS990/TotalAssetsGrp/BOYAmt0775089
IRS990/TotalAssetsGrp/EOYAmt0712567
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0207108
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02785
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0265257
IRS990/TotalFunctionalExpensesGrp/TotalAmt0268042
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09822
IRS990/TotalLiabilitiesEOYAmt02540
IRS990/TotalLiabilitiesGrp/BOYAmt09822
IRS990/TotalLiabilitiesGrp/EOYAmt02540
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0765267
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0710027
IRS990/TotalProgramServiceExpensesAmt0265257
IRS990/TotalProgramServiceRevenueAmt02594
IRS990/TotalRevenueGrp/ExclusionAmt03100
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02594
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0212802
IRS990/TotalVolunteersCnt0200
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0775089
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0712567
IRS990/TravelGrp/ProgramServicesAmt042
IRS990/TravelGrp/TotalAmt042
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02144 E REPUBLIC ROAD STE B201
IRS990/USAddress/CityNm0SPRINGFIELD
IRS990/USAddress/StateAbbreviationCd0MO
IRS990/USAddress/ZIPCd065804
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0Trailspring.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true

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