Minnesota Fighting AIDS on Bikes

Nonprofit profile at a glance

EIN
020650275
IRS 990 coverage
2011–2021
Forms available
Form 990 2021
Location
Minneapolis, MN, USA
Phone
6128222110
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Health

Reported finances

Revenue
$983
Expenses
$377
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • GWEN VELEZ (DIRECTOR)
  • MAXWELL MALTESE (DIRECTOR)
  • MATT TOBUREN (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. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To educate the public about HIV as well as to raise funds and awareness to support mn AIDS service organizations. Organizing and producing the red ribbon ride - a safe ride for the participants and fiscally responsible for the benefiting agencies

What it reported doing in 2021

Red ribbon ride is a fully supported three-day, 200-mile bicycle ride to raise vital funds for HIV/AIDS services, treatment, prevention, and awareness. The red ribbon ride benefits 4 HIV/AIDS service organizations here in Minnesota; african american AIDS task force, one heartland, rural AIDS action network and the aliveness project.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 31
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 51
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 16.8%; rating input score 17
  • Program expense ratio: 43.8%; rating input score 44
  • Fundraising efficiency: $18.55 raised per $1 spent on fundraising; rating input score 63; 63rd 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: 61.6%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -23.3% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: -17.2% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -14% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 16.8% of revenue deployed · 43.8% of spending went to programs
  • Governance: 7 of 7 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $165 in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 11 filing years from 2011 to 2021
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 17/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 44/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Asset growth scored 0/100.