MINNESOTA DISTANCE RUNNING ASSOCIA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

SARAH MCINERNY

Phone

2183499577

Tax Period

2022-01-01 to 2022-12-31

MINNESOTA DISTANCE RUNNING ASSOCIATION, founded in 1961, is a small nonprofit that reported $136K in total revenue in fiscal year 2022. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $172K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE MINNESOTA DISTANCE RUNNING ASSOCIATION CONNECTS THE MINNESOTA RUNNING COMMUNITY AND SUPPORTS RUNNERS OF ALL AGES AND ABILITIES THROUGH EDUCATION, PROGRAMS, AND ADVOCACY. WHETHER YOU RUN SOCIALLY, RECREATIONALLY, OR COMPETITIVELY, MDRA CAN HELP YOU ACHIEVE YOUR RUNNING GOALS.

Program Service Accomplishments

Program 1

Expenses: $82,845 Revenue: $70,686

RACES - TO FURTHER ITS MISSION IN PROMOTING RACING AS A COMPETITIVE SPORT OR RECREATIONAL ACTIVITY, MINNESOTA DISTANCE RUNNING ASSOCIATION 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 VERY LOW COST OR FREE OF CHARGE SO THAT INCOME IS NOT A BARRIER TO RACE PARTICIPATION.

Program 2

Expenses: $29,474 Revenue: $75

PERIODICALS - THROUGH THE PUBLICATION OF MONTHLY E-NEWSLETTERS, QUARTERLY RUNMINNESOTA MAGAZINE, AND THE ANNUAL RUNNING MINNESOTA TRAINING LOG AND RACE CALENDAR, MDRA DISSEMINATES INFORMATION ON...

PERIODICALS - THROUGH THE PUBLICATION OF MONTHLY E-NEWSLETTERS, QUARTERLY RUNMINNESOTA MAGAZINE, AND THE ANNUAL RUNNING MINNESOTA TRAINING LOG AND RACE CALENDAR, MDRA DISSEMINATES INFORMATION ON VARIOUS TOPICS TO THE RUNNING COMMUNITY SUCH AS UPCOMING RACES, RESEARCH PROJECTS, EDUCATIONAL AND TRAINING PRACTICES, RACE RESULTS/RECAPS, AND OTHER STORIES OF INTEREST.

Program 3

Expenses: $11,476 Revenue: $25,450

TRAINING PROGRAMS - MINNESOTA DISTANCE RUNNING ASSOCIATION PROVIDES TRAINING PROGRAMS, INFORMATIONAL CLINICS, AND OTHER EDUCATIONAL PROGRAMS TO FURTHER THE ASSOCIATION'S MISSION TO HELP MEMBERS...

TRAINING PROGRAMS - MINNESOTA DISTANCE RUNNING ASSOCIATION PROVIDES TRAINING PROGRAMS, INFORMATIONAL CLINICS, AND OTHER EDUCATIONAL PROGRAMS TO FURTHER THE ASSOCIATION'S MISSION TO HELP MEMBERS ACHIEVE THEIR RUNNING GOALS. IN 2022 THE ASSOCIATION HELD 5 PROGRAMS WHICH INCLUDED THE FALL AND SPRING HALF AND FULL MARATHON TRAINING PROGRAMS, AND THE MDRA GRAND PRIX.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $32,465

Program Service Revenue $100,920

Investment Income $919

Other Revenue $1,716

TOTAL REVENUE $136,020

Expense Breakdown

Grants Paid $47,000

Salaries & Benefits $38,173

Fundraising Expenses $0

Program Expenses $124,615

Other Expenses $86,942

TOTAL EXPENSES $172,115

Year-over-Year Comparison

	2022	2021	Change
Revenue	$136,020	$192,653	-0.3%
Expenses	$172,115	$196,734	-0.1%
Net Income	$-36,095	$-4,081	+7.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

150

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$39,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE HENNESSY	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM GOUDREAULT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CLARK WEYRAUCH	SECRETARY	1.00	Officer Director	$0	$0	$0
ELIZABETH JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WATERS	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA BUTTERBAUGH	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTY OTTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MORGAN JAPPE	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH BARKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA JACKS	TREASURER	1.00	Officer	$0	$0	$0
SARAH MCINERNEY	EXECUTIVE DIRECTOR	1.00	Officer	$23,181	$0	$39,025

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$136,020	$172,115	$131,718	$-36,095
2021	$192,653	$196,734	$169,869	$-4,081
2020	$147,804	$138,687	$173,950	$9,117
2019	$254,091	$266,079	$37,733	$-11,988
2018	$248,733	$237,815	$49,988	$10,918

MINNESOTA DISTANCE RUNNING ASSOCIATION