LET ME RUN INC

EIN: 264656224 501(c)(3) Recreation & Sports

CHARLOTTE, NC

Total Revenue
$736,040
Total Expenses
$799,733
Total Assets
$573,498
Net Assets
$546,887
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
NC
Phone
7046518121
Tax Period
2023-07-01 to 2024-06-30

LET ME RUN INC, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $736K in total revenue in fiscal year 2023.

Mission

LET ME RUN IS A NONPROFIT WELLNESS PROGRAM THAT INSPIRES BOYS TO BE THEMSELVES, BE ACTIVE, AND BELONG. WITH A COMPREHENSIVE CURRICULUM THAT APPLIES THE POWER OF RUNNING, THE PROGRAM ENCOURAGES BOYS TO DEVELOP THEIR PSYCHOLOGICAL, EMOTIONAL, AND SOCIAL HEALTH, IN ADDITION TO THEIR PHYSICAL HEALTH.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $248,391
Program Service Revenue $461,968
Investment Income $25,681
Other Revenue $0
TOTAL REVENUE $736,040

Expense Breakdown

Grants Paid $0
Salaries & Benefits $447,588
Fundraising Expenses $36,597
Program Expenses $650,421
Other Expenses $352,145
TOTAL EXPENSES $799,733

Year-over-Year Comparison

2023 2022 Change
Revenue $736,040 $709,322 +0.0%
Expenses $799,733 $725,029 +0.1%
Net Income $-63,693 $-15,707 +3.1%
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

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Governance

Voting Members
9
Independent Members
9
Employees
19
Volunteers
990

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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lane Wallace Executive Director 40.00
$40,015 $0 $40,015
EMILY BRINKLEY Director 0.25
Director
$0 $0 $0
CHRIS JAYNES Vice President 0.25
Officer Director
$0 $0 $0
JAMES BRENNAN Director 0.25
Director
$0 $0 $0
ELIZABETH CARR President 0.25
Officer Director
$0 $0 $0
MARK COLACO Director 0.25
Director
$0 $0 $0
TIM MANN Treasurer 0.25
Officer Director
$0 $0 $0
THOMAS TIEDEMANN Director 0.25
Director
$0 $0 $0
MAIJA JUDELSON Director 0.25
Director
$0 $0 $0
JONAS HEDIN Secretary 0.25
Officer Director
$0 $0 $0
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
2024 $736,040 $799,733 $573,498 $-63,693
2023 $709,322 $725,029 $637,357 $-15,707
2022 $831,385 $438,900 $630,669 $392,485
2020 $991,926 $1,045,778 $485,368 $-53,852
2019 $1,100,606 $1,147,343 $416,997 $-46,737
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