RUN MINNESOTA

EIN: 823138580 501(c)(3) Youth Development

MINNEAPOLIS, MN

Total Revenue
$399,252
Total Expenses
$340,201
Total Assets
$72,921
Net Assets
$67,061
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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
2017
Legal Domicile
MN
Principal Officer
SARAH MCINERNY
Phone
9529270983
Tax Period
2023-01-01 to 2023-12-31

RUN MINNESOTA, founded in 2017, is a small nonprofit in the Youth Development sector that reported $399K in total revenue in fiscal year 2023. Revenue surged 207% from the prior year, signaling strong growth momentum. Expenses of $340K left a modest 15% surplus.

Mission

TO SERVE THE RUNNING COMMUNITY AND SUPPORT RUNNERS OF ALL AGES AND ABILITIES THROUGH EDUCATION, PROGRAMS, AND ADVOCACY. SPECIFICALLY, BY DEVELOPING EDUCATIONAL RESOURCES AND TRAINING PROGRAMS THAT SUPPORT AND EMPOWER RUNNERS, FACILITATING OPPORTUNITIES TO PARTICIPATE IN RACES AND RUNNING EVENTS IN MINNESOTA, AND FOSTERING A WELCOMING, INCLUSIVE RUNNING COMMUNITY FOR ALL MINNESOTANS.

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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 $190,278
Program Service Revenue $203,702
Investment Income $600
Other Revenue $4,672
TOTAL REVENUE $399,252

Expense Breakdown

Grants Paid $3,500
Salaries & Benefits $103,141
Fundraising Expenses $0
Program Expenses $223,144
Other Expenses $233,560
TOTAL EXPENSES $340,201

Year-over-Year Comparison

2023 2022 Change
Revenue $399,252 $130,216 +2.1%
Expenses $340,201 $134,549 +1.5%
Net Income $59,051 $-4,333 -14.6%
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

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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
13
Independent Members
13
Employees
5
Volunteers
150

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
5
$49,256
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM GOUDREAULT PRESIDENT 1.00
Officer Director
$0 $0 $0
JILL JEWELL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KRIS HOHENSEE SECRETARY 1.00
Officer Director
$0 $0 $0
ELIZABETH JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN WATERS BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA BUTTERBAUGH BOARD MEMBER 1.00
Director
$0 $0 $0
MARTY OTTEN BOARD MEMBER 1.00
Director
$0 $0 $0
MORGAN JAPPE BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH BARKER FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
HOLIDAY HORNING BOARD MEMBER 1.00
Director
$0 $0 $0
PHILLIP TROBAUGH FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
ROBYN COUSIN BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHAN FULOP BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN HENNESSY BOARD MEMBER 1.00
Director
$0 $0 $0
FERNANDO VALIENTE TREASURER 1.00
Officer
$0 $0 $0
SARAH MCINERNEY EXECUTIVE DIRECTOR 30.00
Officer
$49,256 $0 $49,256
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 $399,252 $340,201 $72,921 $59,051
2022 $130,216 $134,549 $14,401 $-4,333
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