Special Olympics Missouri Inc

What it reported doing in 2024

Special olympics Missouri (somo) serves individuals with intellectual disabilities each year by combining the health, fitness, social and emotional benefits resulting from sports participation. Somo increased service capacities for more athletes when we moved into the new training for life campus. This world-class facility, centrally located for the current 17,973 participating athletes statewide (including athletes, unified partners, young athletes, ucs athletes and ucs unified partners) and many more athletes who are not currently participating, offers somo the ability to host various day camps, connects somo with the community and offers unparalleled athlete opportunities. Special olympics Missouri, inc. Received over $750k in budget relieving contributed services. While this amount is excluded from form 990 calculations, somo believes this is integral to our success. Athletes who participate in special olympics can double the likelihood to find and keep employment, making it far more than a sports organization. The motor skills of our children participating in the young athletes program improved at twice the rate of children who were not involved. Research indicates developed economies, such as the united states, have reduced physical activity levels by as much as 32% in fewer than two generations. Physical activity does more than create good health, contributing to leadership, greater productivity and innovation, and special olympics Missouri is providing this training to our athletes for life. Approximately one-third of somo athletes have autism spectrum disorder and another third have down syndrome. There are an estimated 154,000 individuals in the state of Missouri that have intellectual disabilities and we serve over 8,390 children and adults with intellectual disabilities, with invaluable assistance from 706 coaches and 7,160 active statewide volunteers. Special olympics is the largest public health platform for people with intellectual disabilities in the world, partnering with healthcare professionals in Missouri to offer free screenings. Special olympics Missouri is proud to have 85% program expenses for 2024 when including contributed services/facilities, and 81% program expenses for 2024 when excluding contributed services/facilities. Special olympics Missouri (somo) provides year-round opportunities through innovative and transformative sports, wellness, leadership and life skills programs for individuals with intellectual disabilities.

Financial Efficiency

• Mission deployment rate: 69.1%; rating input score 69
• Program expense ratio: 80.6%; rating input score 81
• Fundraising efficiency: $10.32 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• 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: 9 of 9 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: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 16.3%; rating input score 72; 72nd percentile among comparable filings
• Total-asset coverage ratio: 4.26; rating input score 81; 81st percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 79; 79th percentile among comparable filings
• Officer compensation ratio: 6.7%; rating input score 43; 43rd percentile among comparable filings

Growth

• Program expense growth: 0.5% per year; rating input score 100; 15th percentile among comparable filings
• Revenue growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
• Asset growth: 15.3% per year; rating input score 100; 75th percentile among comparable filings