GRANDMA'S MARATHON-DULUTH INC

EIN: 411573627 501(c)(3)

DULUTH, MN

Total Revenue
$3,790,299
Total Expenses
$3,733,218
Total Assets
$4,763,800
Net Assets
$4,597,890
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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
1987
Legal Domicile
MN
Principal Officer
SHANE BAUER
Phone
2187270947
Tax Period
2023-10-01 to 2024-09-30

GRANDMA'S MARATHON-DULUTH INC, founded in 1987, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2023.

Mission

WE CREATE EXPERIENCES THAT INSPIRE PERSONAL ACHIEVEMENT AND CHAMPION HEALTHY COMMUNITIES.

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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 $369,869
Program Service Revenue $3,123,487
Investment Income $96,386
Other Revenue $200,557
TOTAL REVENUE $3,790,299

Expense Breakdown

Grants Paid $74,350
Salaries & Benefits $847,465
Fundraising Expenses $36,187
Program Expenses $3,039,411
Other Expenses $2,811,403
TOTAL EXPENSES $3,733,218

Year-over-Year Comparison

2023 2022 Change
Revenue $3,790,299 $3,522,849 +0.1%
Expenses $3,733,218 $3,418,891 +0.1%
Net Income $57,081 $103,958 -0.5%
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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Governance

Voting Members
16
Independent Members
16
Employees
52
Volunteers
3500

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
$145,970
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISTI SCHMIDT BOARD CHAIR 2.00
Officer Director
$0 $0 $0
WING CHAN BOARD VICE CHAIR, TREASURER 1.50
Officer Director
$0 $0 $0
COLE MARTIN BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
ROSS FREMONT BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA GOODMAN BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA GUBELMANN BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN HARTWICK BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
KATHERINE MCLELLAN MD BOARD MEMBER 1.00
Director
$0 $0 $0
EMILY OPACICH BOARD MEMBER 1.00
Director
$0 $0 $0
KALA PEDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE PIPHO MD BOARD MEMBER 1.00
Director
$0 $0 $0
LOUIS ST GEORGE BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS STANLEY BOARD PAST CHAIR 1.00
Director
$0 $0 $0
RON TINSLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JOE WICKLUND BOARD MEMBER 1.00
Director
$0 $0 $0
SHANE BAUER EXECUTIVE DIRECTOR 40.00
Officer
$129,982 $15,988 $145,970
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 $3,790,299 $3,733,218 $4,763,800 $57,081
2023 $3,522,849 $3,418,891 $4,610,291 $103,958
2022 $3,514,525 $3,261,655 $4,529,523 $252,870
2021 $2,317,322 $2,008,801 $4,493,725 $308,521
2020 $2,102,594 $1,695,590 $4,461,603 $407,004
2019 $2,981,771 $2,655,701 $3,388,632 $326,070
2018 $2,828,150 $2,699,583 $3,022,004 $128,567
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