Ironbull Inc

Nonprofit profile at a glance

EIN
832671005
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2022, Form 990-N 2018
Location
Wausau, WI, USA
Phone
7158485949
Rating
82
Verdict
STRONG
Rating confidence
Standard
Sector
Camps

Official website

Reported finances

Revenue
$205,098
Expenses
$178,744
Assets
$159,783
Liabilities
$1,640

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

Leadership & pay

12 people listed

Executive titles in this filing

  • ANDREA LARSON (EXECUTIVE DIRECTOR)
  • JOHN LAUER (EXECUTIVE DIRECTOR)
  • TIMOTHY BUCHHOLZ (PRESIDENT)
  • WILLIAM BERTRAM (VICE PRESIDENT)

Highest reported compensation

  • ANDREA LARSON (EXECUTIVE DIRECTOR): $36,050 total reported compensation

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

Overview

Mission

To nbsp; create nbsp; outdoor nbsp; adventures nbsp; for nbsp; all nbsp; ages nbsp; and nbsp; abilities nbsp; by nbsp; producing nbsp; silent nbsp; sport nbsp; races nbsp; and nbsp; challenges nbsp; we nbsp; foster nbsp; healthy nbsp; lifestyles nbsp; while nbsp; showcasing nbsp; our nbsp; natural nbsp; resources

What it reported doing in 2024

Executed nine in person races/events drawing over 1500 racers with 82 outside marathon county and over a quarter of racers visiting from outside Wisconsin representing 29 states (winter adventure race/largest adventure race in the us/hill climb/trail run with a kids run/ultra marathon/another trail run with a ultra marathon and a mountain bike race/ midwest bikepacking summit/ gravel grinder bike race/ standalone kids race and winter trail run/ fat bike race). Overall experience rating from racers across all events was a 4.74 out of 5.00.

Operating model

Revenue model
Earned-program. 62% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - 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 revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 93
  • Accountability: 84
  • Sustainability: 49
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.7%; rating input score 74
  • Program expense ratio: 85%; rating input score 85
  • Fundraising efficiency: $505.78 raised per $1 spent on fundraising; rating input score 96; 96th 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: 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: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 12.8%; rating input score 64; 64th percentile among comparable filings
  • Total-asset coverage ratio: 0.89; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 20.2%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: -1.4% per year; rating input score 0; 18th percentile among comparable filings
  • Asset growth: 0.2% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 73.7% of revenue deployed · 85% of spending went to programs
  • Governance: 10 of 10 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $152K in reported program spending
  • Leadership: top reported pay $36K · 12 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2019 to 2024
  • 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.