PIKES PEAK MARATHON INC

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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

1992

Legal Domicile

Principal Officer

RONALD ILGEN

Phone

7194732625

Tax Period

2023-01-01 to 2023-12-31

PIKES PEAK MARATHON INC, founded in 1992, is a small nonprofit that reported $864K in total revenue in fiscal year 2023. Expenses of $831K left a modest 4% surplus.

Mission

TO PROVIDE EXCEPTIONAL RACES IN AN OUTSTANDING VENUE THAT PROMOTES PHYSICAL FITNESS, GIVES BACK TO THE COMMUNITY AND ENVIRONMENT IN WHICH THEY OCCUR, AS WELL AS ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS THROUGH COMPETITION.

Program Service Accomplishments

Program 1

Expenses: $592,137 Revenue: $651,904

PIKES PEAK ASCENT AND MARATHON - OUR PREMIERE RACES PROMOTIONG FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS BY CLIMBING AMERICAS MOUNTAIN. APPROXIMATELY 800 RUNNERS FOR THE MARATHON AND 1700 FOR THE ASCENT. RACE STARTS IN MANITOU SPRINGS AND RUNNERS CLIMB THE BARR TRAIL TO THE TOP OF PIKES PEAK FOR THE ASCENT AND MAKE THE FULL ROUND TRIP FOR THE MARATHON.

Program 2

Expenses: $114,540 Revenue: $156,447

GARDEN OF THE GODS 10 MILE - 10-MILE RACE PROMOTING FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS THROUGH THE SCENIC GARDEN OF THE GODS. APPROXIMATELY 1600 RUNNERS RACE ON A ROUTE...

GARDEN OF THE GODS 10 MILE - 10-MILE RACE PROMOTING FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS THROUGH THE SCENIC GARDEN OF THE GODS. APPROXIMATELY 1600 RUNNERS RACE ON A ROUTE THROUGH THE GARDEN OF THE GODS PARK IN THE WEST SIDE OF COLORADO SPRINGS.

Program 3

Expenses: $27,946 Revenue: $27,041

BARR TRAIL MOUNTAIN RACE - TRAIL RACE PROMOTING FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS ALONG THE BARR TRAIL. APPROXIMATELY 400 RUNNERS RUN A 12.6-MILE COURSE AT THE COG RAILWAY...

BARR TRAIL MOUNTAIN RACE - TRAIL RACE PROMOTING FITNESS AND ALLOWING RUNNERS TO TEST THEIR PHYSICAL LIMITS ALONG THE BARR TRAIL. APPROXIMATELY 400 RUNNERS RUN A 12.6-MILE COURSE AT THE COG RAILWAY STATION (6,750 FT.) IN MANITOU SPRINGS, COLORADO, ASCENDS PIKES PEAK'S ICONIC BARR TRAIL TO BARR CAMP (10,200 FT.) BEFORE TURNING, DESCENDING AND FINISHING AT THE BARR TRAILHEAD.

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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 $24,627

Program Service Revenue $791,324

Investment Income $3,539

Other Revenue $44,068

TOTAL REVENUE $863,558

Expense Breakdown

Grants Paid $37,124

Salaries & Benefits $206,351

Fundraising Expenses $0

Program Expenses $734,623

Other Expenses $587,321

TOTAL EXPENSES $830,796

Year-over-Year Comparison

	2023	2022	Change
Revenue	$863,558	$820,410	+0.1%
Expenses	$830,796	$810,398	+0.0%
Net Income	$32,762	$10,012	+2.3%

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

600

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

$98,478

Total Directors

$112,475

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN HUBEL	SEC/BUSINESS	35.00	Officer	$58,478	$0	$58,478
RONALD ILGEN	PRESIDENT	30.00	Officer Director	$40,000	$0	$40,000
JORDAN LINDER	DIRECTOR AT	30.00	Director	$34,375	$0	$34,375
JOHN GARNER	DIRECTOR AT	15.00	Director	$16,500	$0	$16,500
RYAN LINDER	DIRECTOR AT	15.00	Director	$12,600	$0	$12,600
MICHAEL PHAN	DIRECTOR AT	15.00	Director	$7,000	$0	$7,000
BETH HANEY	DIRECTOR AT	15.00	Director	$2,000	$0	$2,000
ED GLEASON	DIRECTOR AT	2.00	Director	$0	$0	$0
BOB STREET	TREASURER	10.00	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	No data	No data	No data	No data
2023	$863,558	$830,796	$396,207	$32,762
2022	$820,410	$810,398	$363,534	$10,012
2021	$834,440	$717,291	$353,433	$117,149
2020	$137,321	$357,914	$504,818	$-220,593
2019	$732,246	$811,327	$470,220	$-79,081
2018	$715,870	$665,954	$518,188	$49,916