Exercisabilities Inc
- Assets
- $3.7m
- Revenue
- $2.2m
- Investments
- $1.9m
- Employees
- 37
- Location
- Rochester, MN
- Founding
- 09/2015
- Data as of
- 12/2023
- EIN
- 45-5214117
Organization Overview
Exercisabilities Inc is located in Rochester, MN. The organization was established in 2015. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2023, Exercisabilities Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Exercisabilities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Exercisabilities Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 14.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE EMPOWER PEOPLE OF ALL AGES WITH PHYSICAL HEALTH AND MOBILITY CHALLENGES TO LEAD HEALTHY, ACTIVE, AND INDEPENDENT LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXERCISABILITIES, INC PROGRAMS AND SERVICES EMPOWER PEOPLE LIVING WITH PHYSICAL DISABILITIES AND CHRONIC HEALTH CONDITIONS TO LIVE HEALTHY, HAPPY, AND INDEPENDENT LIVES WITHOUT LIMITS. WE PROVIDE EQUITABLE, LIFELONG ACCESS TO SAFE AND EFFECTIVE PHYSICAL HEALTH IMPROVEMENT SOLUTIONS DESIGNED TO MAKE OPTIMAL ACHIEVEMENT OF HEALTH AND INDEPENDENCE GOALS POSSIBLE. OUR TEAM OF PHYSICAL THERAPISTS, HEALTH COACHES, EXERCISE SPECIALISTS, AND THERAPEUTIC RECREATION THERAPISTS WORK TO EXTEND THIS ACCESS BEYOND THE LIMITED HEALTH INSURANCE PAYMENT MODEL FOR THOSE WHO REQUIRE CONTINUING GUIDANCE AND ASSISTANCE TO MAKE PHYSICAL ACTIVITY AND HEALTH IMPROVEMENT HAPPEN. OUR PROGRAMS INCLUDE PHYSICAL THERAPY, SPECIALIZED PERSONAL TRAINING, ADAPTIVE FITNESS AND SPORTS AND HEALTH COACHING THROUGH ONE ON ONE SERVICES AND GROUP PROGRAMS OR CLASSES IN A FULLY ACCESSIBLE, DISABILITY FRIENDLY FACILITY AS WELL AS IN THE COMMUNITY. PROGRAM EXAMPLES INCLUDE STROKE SURVIVOR GROUP EXERCISE CLASS, AUTISM FITNESS PLAY GROUPS, SOCIAL SKILLS CAMPS FOR KIDS, DAILY LIVING EDUCATION PROGRAMS FOR TEENS WITH INTELLECTUAL DISABILITIES, AND SPINAL CORD INJURY AND BRAIN INJURY LONG TERM EXERCISE AND WELLNESS SERVICES. ALL PROGRAMMING IS FINANCIALLY ACCESSIBLE FOR THOSE PEOPLE WHO DO NOT QUALIFY FOR GOVERNMENT OR COMMERCIAL INSURANCE COVERAGE FOR SERVICES THROUGH REDUCED AND FREE FEES BASED ON A SLIDING SCALE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Hanson President | Trustee | 1 | $0 |
Craig Wendland Board Member | Trustee | 1 | $0 |
Kathy Karls Board Member | Trustee | 1 | $0 |
Melanie Brennan CEO | OfficerTrustee | 40 | $125,760 |
Will Giesen Treasurer | OfficerTrustee | 2 | $0 |
Laura Olteanu Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,769 |
| Noncash contributions included in lines 1a–1f | $31,570 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,769 |
| Total Program Service Revenue | $1,895,141 |
| Investment income | $24,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,445 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,186,627 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,420 |
| Compensation of current officers, directors, key employees. | $28,083 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,243,169 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,724 |
| Payroll taxes | $113,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $67,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $108,644 |
| Office expenses | $9,801 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $178,231 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38,860 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $206,225 |
| Insurance | $27,153 |
| All other expenses | $151,589 |
| Total functional expenses | $2,570,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,528 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,030,000 |
| Accounts receivable, net | $166,859 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,321 |
| Net Land, buildings, and equipment | $440,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,945,823 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,304 |
| Total assets | $3,734,362 |
| Accounts payable and accrued expenses | $42,970 |
| Grants payable | $0 |
| Deferred revenue | $43,222 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,304 |
| Total liabilities | $108,496 |
| Net assets without donor restrictions | $2,595,866 |
| Net assets with donor restrictions | $1,030,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,734,362 |