Fargo Marathon Inc (EIN 432043293) - 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

2004

Legal Domicile

Principal Officer

Mark Knutson

Phone

7013642786

Tax Period

2019-01-01 to 2019-12-31

Fargo Marathon Inc, founded in 2004, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2019. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

The primary exempt purpose of Fargo Marathon, Inc. is to operate and administer Road Race events, including the Fargo Marathon, the Dick Beardsley Marathon and the Fargo Mini Marathon. All of which promote a healthy, physically fit lifestyle and foster amateur sports competition.

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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 (2019)

Revenue Breakdown

Contributions & Grants $94,336

Program Service Revenue $1,026,982

Investment Income $6,656

Other Revenue $120

TOTAL REVENUE $1,128,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250

Fundraising Expenses $77,150

Program Expenses $751,563

Other Expenses $1,251,630

TOTAL EXPENSES $1,251,880

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,128,094	$1,539,757	-0.3%
Expenses	$1,251,880	$1,546,130	-0.2%
Net Income	$-123,786	$-6,373	+18.4%

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

N/A

Volunteers

1700

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Troy Ivesdal	President/Secretary	1.00	Officer Director	$0	$0	$0
Mark Knutson	Vice President/Executive Director	40.00	Officer Director	$0	$0	$0
Dave Stende	Director	1.00	Director	$0	$0	$0
Alison Dye	Director	1.00	Director	$0	$0	$0
Nola McNeally	Director	1.00	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
2019	$1,128,094	$1,251,880	$144,628	$-123,786
2018	$1,539,757	$1,546,130	$498,715	$-6,373

Fargo Marathon Inc