Dave Mcgillivray Finish Strong Foundation Inc

Nonprofit profile at a glance

EIN
861064752
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-EZ 2015
Location
North Andover, MA, USA
Phone
6172126002
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$437,543
Expenses
$320,628
Assets
$432,859
Liabilities
$3,000

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

Leadership & pay

4 people listed

Executive titles in this filing

  • DAVID MCGILLIVRAY (PRESIDENT/FO)

People named in this filing

  • DAVID MCGILLIVRAY (PRESIDENT/FO)
  • JOHN MANCUSO (CLERK)
  • BARRY CHAIT (TREASURER)

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

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

Overview

Mission

The foundation inspires and empowers youth across new england and beyond to increase physical activity, expand literacy and build community and self- esteem though running, reading, and performing acts of kindness.

What it reported doing in 2024

Run medford which promotes the three pillars of the foundation; exercise, reading and acts of kindness, over 700 runners took part in either, exercise - a kid's fun run, para/adaptive mile, celebrity mile. 5 mile run, 2 mile walk and the run for all ages. The foundation is giving back to the community (acts of kindness) that helped raise the founder/president by giving net proceeds to the pto and to parks and recreation. Runners received copies of one of dave mcgillivray's childrens books - dream big, finish storng or running across america. The organizaton also had 50 runners raising 270,000 and awareness at 5 major event. Other ongoing event is the dream big marathon and future events are the fenway park marathon and 776 - 7 marathons, 7 days in 6 states. Get ready.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 73
  • Accountability: 88
  • Sustainability: 66
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.8%; rating input score 56
  • Program expense ratio: 76.2%; rating input score 76
  • Fundraising efficiency: $24.63 raised per $1 spent on fundraising; rating input score 63; 63rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 37.2%; rating input score 37; 40th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 26.7%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 1.35; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 52.5% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 23% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 19.1% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 55.8% of revenue deployed · 76.2% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $244K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • Moderate — Transparency & Controls: Grant itemization coverage scored 37/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.