Minnesota Distance Elite
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 81,046 | 83,203 | −2,157 | 2.8 | — |
| 2020 | 41,613 | 56,482 | −14,869 | 0.9 | — |
| 2021 | 220,437 | 44,916 | 175,521 | 48.0 | — |
| 2022 | 68,459 | 82,997 | −14,538 | 23.9 | — |
| 2023 | 61,588 | 117,623 | −56,035 | 11.1 | — |
In its most recent public year (2023), this organization spent $56,035 more than it brought in. Its reserves stood at about 11.1 months of spending, up from 2.8 in 2019.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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