Fargo Marathon Inc
Nonprofit profile at a glance
- EIN
- 432043293
- IRS 990-EZ coverage
- 2020–2023
- Forms available
- Form 990 2019, Form 990-EZ 2023, Form 990-N 2023
- Location
- West Fargo, ND, USA
- Phone
- 7013715400
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Amateur Sports
Reported finances
- Revenue
- $70,388
- Expenses
- $37,050
- Assets
- $61,765
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Troy Ivesdal (President)
People named in this filing
- Dave Stende (Treasurer)
- Allison Dye (Director)
- Nola McNeally (Director)
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 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of the organization is to promote healthy and active lifestyles for people of all ages.
What it reported doing in 2023
Fargo Marathon, Inc. is North Dakota nonprofit organization. The purpose of the organization is to promote healthy and active lifestyles for people of all ages. The organization's largest charitable effort is its "Shoes for Kids" program. Fargo Marathon, Inc. receives monies from online donations and Ventures Endurance, LLC to purchase shoes for needy children.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 100
- Sustainability: 75
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 44.4%; rating input score 44
- Program expense ratio: 84.3%; rating input score 84
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 47.4%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 1.67; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 8.2% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: -7.5% per year; rating input score 0; 30th percentile among comparable filings
- Asset growth: -11% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 44.4% of revenue deployed · 84.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $31K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2020 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 44/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.