Exercisabilities INC FY2021 filing

Rochester, MN · Public charity (501(c)(3)) · Health Care

✓ Tax-deductible Latest data FY2021
Revenue
$2.1M
▲ +8% vs prior year
Spent
$1.9M
To programs
78%
Net assets
$653K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Figures match the IRS filing checked 9/4/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
3 funders, incl. Otto Bremer Trust
$118K in the latest grant year.
Spent on programs?
78% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
↑ +8% vs prior year
Legal name (IRS)Hdr · item CExercisabilities INC
EINHdr · item D45-5214117
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2015
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CRochester, MN
NTEE classificationIRS BMFHealth Care (E99)
WebsiteHdr · item Jwww.exercisabilitiespt.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.16 Fundraising $0.06
Program services78%$1.5M
Management & general16%$302K
Fundraising6%$121K
Total functional expensesLn 25$1.9M

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$2.1M
FY2021▲ +8%
Expenses
$1.9M
FY2021▲ +15%
Program efficiency
78%
of spending reaches programs
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.8M
FY2021▲ +17%
Total liabilities
$1.2M
FY2021▲ +5%
Revenue less expensesPt I · Ln 19$217K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$372K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$1.2M
Total net assetsLn 32$653K
Months of cash on handcomputed2.4

Statement of Revenue

Part VIII
Program service revenue$1.6M · 78%
Contributions & grants$464K · 22%
Program service revenue78%$1.6M
Contributions & grants22%$464K
Other revenue$2K
— government grantsLn 1e$5K
Total revenueLn 12$2.1M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $372K · Operating expenses (Pt IX) $1.9M · Less non-cash grants $10K · Cash operating expenses/yr $1.9M
2.4 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.9M
78%
Management & General
Management & general $302K · Total expenses $1.9M
16%
Fundraising
Fundraising $121K · Total expenses $1.9M
6%
Cost to raise $1
Fundraising expense (2-yr avg) $97K · Solicited contributions (2-yr avg) $384K
$0.25 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $464K · Total revenue $2.1M
22%
Government reliance
Government grants $5K · Total revenue $2.1M
0.2%
Earned-income share
Program service revenue $1.6M · Total revenue $2.1M
78%
Investment reliance
Investment income $0 · Total revenue $2.1M
0%
Program self-sufficiency
Program service revenue $1.6M · Total expenses $1.9M
87%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $1.9M
+8%
Net-asset trend (YoY)
End of year $653K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $1.9M
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
—
Net-asset ratio
Net assets $653K · Total assets $1.8M
35%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Melanie Brennen · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $108K · Total expenses $1.9M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.3M · Total expenses $1.9M
71%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%——
Overhead ratio 16%——
Fundraising cost ratio 26%——
Revenue growth 8%——
Legal fee ratio 0.4%——
Accounting fee ratio 0.8%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$108,083Pt VII · Sec A
Former Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Melanie Brennan’s $123K as CEO is at the 37th percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Melanie Brennan$122,694$125,760$114,088——
Melanie Brennen———$108,083$91,799

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Exercisabilities INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Empowering individuals to live happy, healthy, and independent lives.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $1.5M of program spending, described in the organization's own filed words · FY2021.
01

We secured a lease at a building right next door to expand another 5,000 square feet to house our pediatric rehab and family wellness center which completed construction in 2021. We serve a large volume of state medicaid and ucare insurance as well as 15% culturally diverse children.

$936Kprogram expense
02

Forever strong grew in all access pro bono need with an increase of people living in poverty needing our specialized wellness services. This prompted us to begin strategy to design an all access pro bono wellness clinic for health and post rehabilitation care.

$526Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Mayo ClinicFY2024$50K
Total grants receivedfrom 3 funders$118K
See all 3 funders →

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $2.1M$2.3M-4% 990 PDF
FY2023 $2.2M$2.6M-60% 990 PDF
FY2022 $5.4M$2.3M+159% 990 PDF
FY2021 Viewing $2.1M$1.9M+8% 990 PDF
FY2020 $1.9M$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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