Downtown Moorhead Inc

What it reported doing in 2025

Center avenue was reconstructed into a multimodal, three-lane street. New downtown streets: sixth street is now open; Minnesota avenue and red river avenue are under construction. 11th street underpass project ($171m): eliminates train delays, improves emergency response times, adds 1.8 miles of pedestrian and bike paths. Features public art and landscaping. Scheduled to open fall 2026. New public library and community center. Indoor children's play area, walking track, and center for entrepreneurship. Funded by 2022 sales tax initiative (64% voter approval). Opening slated for spring 2026. For the city hall renovation, improved service areas and ada-compliant design, and new public plaza.rotary natural play hill and bike park opened june 2025. Davy memorial park and viking ship park offer trails, playgrounds and discovery trail access.highlights include "sunset on the riverfront, farmers markets, river arts, and celtic fest".650 center: new mixed-use development featuring downtown chiropractic and new apartmentsmall transition: local business relocations and four retirements-moorhead vision (celebrating 100 years!) and moorhead drug now open at 8th & center. Nearly 18 acres are primed for development over the next 5-10 yearscultural mall: led by the immigrant development center and will support immigrant entrepreneurs and cultural events, enriching downtown's diversity. Moorhead's growing influence: the announcement of a $5 billion sustainable aviation fuel (saf) plant by dg fuels in moorhead marks a transformative milestone for the city and state. This facility will: produce 193 million gallons of low-carbon fuel annually-nearly half the demand of the msp international airport. Use agricultural and wood waste as feedstock, and generate 650 high quality jobs and significant statewide economic impact. This will be Minnesota's largest commercial scale saf project, it positions moorhead as a leader in sustainable industry and clean energy innovation, advancing the Minnesota saf hub's mission to develop a robust statewide saf industry through clean energy, strategic partnerships and innovation. Looking ahead: with nearly 18 acres and $500 million in investment, downtown moorhead is on track to become an even more walkable, livable city center - a place where residents and visitors alike can live, work, play, and learn in a vibrant, connected community.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 3 of 8 controls in place; rating input score 38
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 21.5%; rating input score 73; 73rd percentile among comparable filings
• Total-asset coverage ratio: 1.26; rating input score 47; 47th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
• Officer compensation ratio: 80.2%; rating input score 1; 1st percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: 10.2% per year; rating input score 100; 69th percentile among comparable filings
• Asset growth: 13.4% per year; rating input score 100; 72nd percentile among comparable filings