Loppet Adventures

Nonprofit profile at a glance

EIN
824416326
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Golden Valley, MN, USA
Phone
6126045330
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Recreational l Clubs

Official website

Reported finances

Revenue
$12,000
Expenses
$807,315
Assets
$417,212
Liabilities
$3,687,876

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

Leadership & pay

12 people listed

Executive titles in this filing

  • JONATHAN VAN HORN (PRESIDENT)
  • EVELENA HILLMAN (VICE PRESIDENT)
  • MEGHAN COSGROVE (EXECUTIVE DIRECTOR)
  • CLAIRE WILSON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • CLAIRE WILSON (EXECUTIVE DIRECTOR): $119,932 total reported compensation
  • PABLO URRICHE (FINANCE & ADMIN DIRECTOR): $113,247 total reported compensation
  • MEGHAN COSGROVE (EXECUTIVE DIRECTOR): $13,524 total reported compensation

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

Overview

Mission

Loppet adventures creates onramps to outdoor activity for people of all backgrounds, ages, and abilities.

What it reported doing in 2024

Loppet adventures programs create opportunities for people of all agesand experience levels to get outside and be active, connecting people to outdoor experiences that grow community.in fy25:-around 1,100 elementary students were able to cross country ski and do other activities through the minne loppet program- almost 100 north minneapolis middle schoolers were served through thejunior loppet after-school program - each spending two to three days a week participating in year-round outdoor recreation- over 435 youth campers ages 8-13 attended week-long loppet summer adventure camps- adventure camps have continued to grow! Summer adventure camps in 2024 offered two specialized offerings: girls rock week and spanish immersion week. The feedback from both participants and parents highlighted the variety of fun outdoor activities, including: archery, mountain biking, ultimate frisbee and more. Many of the counselors are past adventure camp participants which allows them to have a unique connection to the campers and the loppet. The program also grew to include 10 paid interns.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% 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. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 7
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.5%; rating input score 98
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6,627.6%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.52; rating input score 17; 17th percentile among comparable filings
  • Liabilities to assets ratio: 8.84; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 30.6%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 8.5% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: -21% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: -1% per year; rating input score 0; 35th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.5% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $787K in reported program spending
  • Leadership: top reported pay $120K · 12 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.

  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 17/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.