NORTHERN NEVADA MATH CLUB INC
Mission Statement
Our MISSION is to make math fun and joyful with a VISION to forge children into talented, problem-solving, and innovative professionals. We define math as the creative application of logic to solve complex problems; we create the culture and provide the opportunities needed for kids in grades 1-12 to develop and flourish into world class mathletes. Our programs increase competence and confidence. Our programs regularly run 40% female and over 50% minority. We do not hold specialized events targeting these demographics. Instead, we focus on continuous learning, approaching problems in a manner that makes sense to you, the importance of working with people who think differently, and improving your ability to communicate your thinking to others. We find these concepts resonate with all students.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
64.3% | 88.7% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
104.1% | 1.9% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.8 mo | 9.7 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
17.3% | 0.5% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
59.9% | 90.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
11.1% | 8.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
61.3% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-21.9% | 2.3% |
P10P90
|
Impact
3 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| MathRocks! contest series (6 + Championship) - improved math, logic, and problems solving skills | 220 | $390.00 | — | Per Year |
| Family Math Nights - Expose kids to more math ideas and problem solving; improve their view of math | 1,400 | $20.00 | — | Per Day |
| Competition Team - program for kids in grades 7-12 to participate as part of a regional math team. | 40 | $500.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $143K | $174K | $85K | 64.3% | — |
| 2022 | $129K | $108K | $116K | 68.6% | — |
| 2021 | $161K | $85K | N/A | — | 1 |
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