NICE RIDE MINNESOTA (EIN 264372592) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

BILL DOSSETT

Phone

6127474659

Tax Period

2023-01-01 to 2023-12-31

NICE RIDE MINNESOTA, founded in 2008, is a small nonprofit that reported $208K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $770K exceeded revenue, resulting in a 270% operating deficit.

Mission

TO ENHANCE QUALITY OF LIFE BY PROVIDING CONVENIENT, EASY-TO-USE BIKE SHARING AND FLEET PROGRAMS THAT WILL PROVIDE RESIDENTS AND VISITORS A HEALTHY, FUN, DIFFERENT WAY TO GET AROUND TOWN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,917

Investment Income $167,640

Other Revenue $7,783

TOTAL REVENUE $208,340

Expense Breakdown

Grants Paid $668,581

Salaries & Benefits $21,996

Fundraising Expenses $0

Program Expenses $668,581

Other Expenses $79,325

TOTAL EXPENSES $769,902

Year-over-Year Comparison

	2023	2022	Change
Revenue	$208,340	$483,770	-0.6%
Expenses	$769,902	$766,403	+0.0%
Net Income	$-561,562	$-282,633	+1.0%

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

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

$17,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BIXBY	PRESIDENT	5.00	Officer Director	$0	$0	$0
MICHAEL LAUX	TREASURER	5.00	Officer Director	$0	$0	$0
JIM VAN IWAARDEN	SECRETARY	5.00	Officer Director	$0	$0	$0
LISA AUSTIN	DIRECTOR	2.00	Director	$0	$0	$0
RT RYBAK	DIRECTOR	2.00	Director	$0	$0	$0
STEVE SANDERS	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD SURKO	DIRECTOR	2.00	Director	$0	$0	$0
LATRISHA VETAW	DIRECTOR	2.00	Director	$0	$0	$0
PERRY WILSON	DIRECTOR	2.00	Director	$0	$0	$0
BILL DOSSETT	EXECUTIVE DIRECTOR	10.00	Officer	$16,235	$1,380	$17,615

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
2023	$208,340	$769,902	No data	$-561,562
2022	$483,770	$766,403	$698,969	$-282,633
2021	$586,510	$1,005,184	$986,583	$-418,674
2020	$428,474	$1,045,824	$1,480,228	$-617,350
2019	$523,060	$1,381,318	$2,054,509	$-858,258
2018	$1,182,432	$2,633,519	$2,964,201	$-1,451,087

NICE RIDE MINNESOTA