Team Evergreen Bicycle Club

Nonprofit profile at a glance

EIN
742560368
IRS 990 coverage
2010–2020
Forms available
Form 990 2020
Location
Evergreen, CO, USA
Phone
3033581702
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Amateur Sports

Reported finances

Revenue
$37,598
Expenses
$277,943
Assets
$545,701
Liabilities
$608,808

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Eric Ely (President)
  • Matthew Mcclintock (Vice President)

Highest reported compensation

  • Bob Campbell (Director): $90,874 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Team evergreen actively supports bicycling and related activities to further the sport of cycling and promote its continued growth and safe enjoyment. Colorado's premier bicycle club is dedicated to serving cycling and charitable organizations that make a difference.

What it reported doing in 2020

The club's flagship event is the triple bypass. One of the premier two-day recreational bicycling events in north america. This 4500 rider, point to point bike ride takes the rider 120 miles with over 10,000 feet of climbing along the way. This event allows the club to support both bicycle and community organizations in the promotion of the sport of cycling. This ride involves over 500 volunteers due to covid, this event was canceled in 2020

Operating model

Revenue model
Membership-supported. 69% of the money available for current operations came from membership dues.
Distribution model
Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 80
  • Accountability: 82
  • Sustainability: 14
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 96.7%; rating input score 97
  • Program expense ratio: 12.6%; rating input score 13
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 80%; rating input score 80; 1st percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • 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: Fail
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -639.2%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 1.96; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 1.12; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 32.7%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -10% per year; rating input score 0; 39th percentile among comparable filings
  • Revenue growth: -1.2% per year; rating input score 0; 63rd percentile among comparable filings
  • Asset growth: 8.1% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 96.7% of revenue deployed · 12.6% of spending went to programs
  • Governance: 13 of 13 board members independent · 4 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $35K in reported program spending
  • Leadership: top reported pay $91K · 11 people listed
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 11 filing years from 2010 to 2020
  • Contacts: How to reach this organization
  • Money network: 14 filed money-flow records
  • Related organizations: 13 filed related-organization links
  • 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: Program expense ratio scored 13/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.