Is Minneapolis Radiology Vascular Research Foundation Legit?
Quick charity verification for Minneapolis Radiology Vascular Research Foundation (EIN: 203502241)
Verdict: Minneapolis Radiology Vascular Research Foundation appears trustworthy
85/100Mission Score
$505KRevenue
$452KAssets
2Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the latest fiscal period (202304), leading to a deficit of $52,910.
Significant revenue volatility observed, particularly the sharp drop in 202104 to $15,339 from previous years' averages.
Strengths
Consistent 0% officer compensation across all reported periods, indicating strong volunteer leadership.
Generally stable and growing asset base, reaching $451,966 in the latest period.
Low liabilities, with most periods reporting $0 liabilities, suggesting sound financial management.
Clear alignment with its NTEE code (Medical Research) and organizational name.
Spending Breakdown
How Minneapolis Radiology Vascular Research Foundation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Minneapolis Radiology Vascular Research Foundation
Is Minneapolis Radiology Vascular Research Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Minneapolis Radiology Vascular Research Foundation (EIN: 203502241) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Minneapolis Radiology Vascular Research Foundation a good charity to donate to?
Minneapolis Radiology Vascular Research Foundation has a Mission Score of 85/100. Revenue: $505K. Assets: $452K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Minneapolis Radiology Vascular Research Foundation?
The Employer Identification Number (EIN) for Minneapolis Radiology Vascular Research Foundation is 203502241. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Minneapolis Radiology Vascular Research Foundation spend its money?
Minneapolis Radiology Vascular Research Foundation allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Minneapolis Radiology Vascular Research Foundation's tax-exempt status?
You can verify Minneapolis Radiology Vascular Research Foundation's tax-exempt status using EIN 203502241 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Minneapolis Radiology Vascular Research Foundation demonstrates a generally stable financial position with consistent revenue streams, averaging over $300,000 annually in recent years. The organization's assets have shown growth, reaching $451,966 in the latest period, indicating a healthy balance sheet. A significant strength is the consistent reporting of 0% officer compensation, which suggests a high degree of volunteerism at the leadership level and contributes positively to spending efficiency. However, the 202304 filing shows expenses ($496,481) exceeding revenue ($443,571), resulting in a deficit for that period, which warrants monitoring to ensure long-term sustainability. The organization's NTEE code H90 (Medical Research) aligns with its name, suggesting a clear programmatic focus.