Run Minnesota

Nonprofit profile at a glance

EIN
823138580
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020, Form 990-T 2024, Form 990-N 2018
Location
Minneapolis, MN, USA
Phone
9524270983
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development N.E.C.

Official website

Reported finances

Revenue
$352,201
Expenses
$372,092
Assets
$49,803
Liabilities
$129,398

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

Leadership & pay

16 people listed

Executive titles in this filing

  • TOM GOUDREAULT (PRESIDENT)
  • JILL JEWELL (VICE PRESIDENT)
  • SARAH MCINERNEY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SARAH MCINERNEY (EXECUTIVE DIRECTOR): $56,135 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 serve the running community and support runners of all ages and abilities through education, programs and advocacy. Specifically, by developing educational resources and training programs that support and empower runners, facilitating opportunities to participate in races and running events in Minnesota, and fostering a welcoming, inclusive running community for all minnesotans.

What it reported doing in 2024

Races - to further its mission in promoting racing as a competitive sport or recreational activity, run Minnesota holds races and works cooperatively to publicize the racing initiatives of 300 other Minnesota-based race organizations. The association strives to provide runners across Minnesota with the opportunity to participate in races for a low cost or free of charge to reduce barriers to race participation.

Operating model

Revenue model
Earned-program. 76% 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

SUPPORTED - 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 90
  • Accountability: 84
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.7%; rating input score 68
  • Program expense ratio: 64.3%; rating input score 64
  • Fundraising efficiency: $53.68 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -5.6%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 0.13; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 2.6; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 15.1%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 35.6% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 46.5% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 37.9% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 67.7% of revenue deployed · 64.3% of spending went to programs
  • Governance: 15 of 15 board members independent · 5 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $239K in reported program spending
  • Leadership: top reported pay $56K · 16 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Sustainability: Operating margin scored 28/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.