Coon Rapids Mat Bandits Wrestling Club

Nonprofit profile at a glance

EIN
411567889
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Coon Rapids, MN, USA
Phone
6125183741
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Recreation& Sports N.E.C.

Official website

Reported finances

Revenue
$434,964
Expenses
$379,672
Assets
$2,921,970
Liabilities
$6,620

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

Leadership & pay

38 people listed

Executive titles in this filing

  • MELISSA GLENN (PRESIDENT)

Highest reported compensation

  • BOB ADAMS (GAMBLING MAN): $89,223 total reported compensation
  • CATHY ADAMS (SECRETARY/AS): $85,326 total reported compensation
  • ANTHONY MORGAN (VICE PRESIDE): $6,987 total reported compensation

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

Overview

Mission

Wrestling program for youth

What it reported doing in 2024

Gambling: the forms of gambling conducted by the organization during the year ended 8/31/2024, included paper pull-tabs, non-linked bingo, paddletickets, tipboards, sports-themed tipboards, electronic pull-tabs, and linked bingo. Revenue in excess of allowable expenses generated by the lawful gambling fund were used for lawful purposes and board approved expenditures as defined by Minnesota statute. Gross receipts for the year eneded 8/31/2024 were 18,462,887 total gaming expenses for the year ended 8/31/2024 were 18,529,693.

Operating model

Revenue model
Other-operating. 91% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 64% for direct work, and 36% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 74
  • Accountability: 48
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.7%; rating input score 87
  • Program expense ratio: 99.3%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 58.1%; rating input score 58; 44th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 57.9%; rating input score 58; 17th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 12.7%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 7.7; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 50.9%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 13.6% per year; rating input score 100; 77th percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 2.8% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 86.7% of revenue deployed · 99.3% of spending went to programs
  • Governance: 22 of 38 board members independent · 3 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $377K in reported program spending
  • Leadership: top reported pay $89K · 38 people listed
  • Consistency: 18 of 19 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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.

  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • Review — Accountability: Independent voting board scored 58/100.
  • Review — Transparency & Controls: Grant itemization coverage scored 58/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.