Hourcar

What it reported doing in 2024

Round trip carshare servicehourcar operates a round trip service using gas-powered, hybrid, and electric vehicles. Hourcar vehicles are placed at off-street hubs throughout the greater twin cities region. Members pick up and return the car to the same hub. Members can reserve cars up to six months in advance. Hourcar provides a variety of different vehicle types (compact cars, sedans, hatchbacks, suvs) to meet members' different trip needs. In 2024, hourcar operated 49 gas-powered and/or hybrid vehicles and 29 all-electric vehicles in its round-trip service. 2,935 unique users took 2,181 trips spanning 1.1 million miles, reducing an estimated 2,648 metric tons of greenhouse gas emissions. 52% of total utilization came from very low-income users. Users saved an estimated $10.2 million on transportation costs. Evie community carshareevie community carshare is a one-way service featuring 167 electric vehicles powered by 100% renewable energy. Evie carshare is operated by hourcar under contract to the cities of saint paul and minneapolis. Evie carshare is part of the ev spot network, which was planned and implemented through a public-private partnership that includes the cities of saint paul and minneapolis, hourcar, xcel energy, east metro strong, and the american lung association. Evie carshare provides free-floating, one-way trips; users can pick up a car on the street anywhere within a 35-sq-mile area of saint paul and minneapolis, and end a trip in any 2-hour-or-longer on-street parking space. In 2024, 4,278 users took 165,462 trips spanning 1.4 million miles and reducing an estimated 5,343 metric tons of greenhouse gas. 44% of total utilization came from very low-income users. Users saved an estimated $9.5 million on transportation costs.

Financial Efficiency

• Mission deployment rate: 84.8%; rating input score 85
• Program expense ratio: 84.6%; rating input score 85
• Fundraising efficiency: $11.98 raised per $1 spent on fundraising; rating input score 43; 43rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• 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; 63rd percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.2%; rating input score 32; 32nd percentile among comparable filings
• Total-asset coverage ratio: 0.66; rating input score 24; 24th percentile among comparable filings
• Liabilities to assets ratio: 0.86; rating input score 9; 9th percentile among comparable filings
• Officer compensation ratio: 3.9%; rating input score 61; 61st percentile among comparable filings

Growth

• Program expense growth: 27% per year; rating input score 100; 91st percentile among comparable filings
• Revenue growth: 23.1% per year; rating input score 100; 91st percentile among comparable filings
• Asset growth: 24.3% per year; rating input score 100; 89th percentile among comparable filings