728 Cadets Corp

728 Cadets Corp consistently directs all funds to programs, operating with recent deficits and fluctuating assets.

EIN: 210912452 · Elk River, MN · NTEE: A6C · Updated: 2026-03-28

$251KRevenue

$31KAssets

92/100Mission Score (Excellent)

A6C

About 728 Cadets Corp

728 Cadets Corp (EIN: 210912452) is a nonprofit organization based in Elk River, MN, classified under NTEE code A6C. The organization reported total revenue of $251K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 728 Cadets Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

728 Cadets Corp demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the latest filing period (202309), the organization reported expenses of $248,377 against revenues of $229,646, indicating a slight operating deficit. This trend of expenses exceeding revenue is also observed in the 202209 period ($245,048 expenses vs. $224,040 revenue). While the organization has maintained zero liabilities in recent years, its asset base has fluctuated significantly, from $96,786 in 202109 down to $3,513 in 202309, suggesting a reliance on current period funding rather than substantial reserves.

The organization's financial health appears stable given its operational scale, though the recent decline in assets warrants attention. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a focus on directing funds towards programmatic activities. This practice, combined with a clear filing history, suggests a well-managed and accountable organization, despite the recent operating deficits.

Spending efficiency is high, with a significant majority of expenses dedicated to programs. The absence of officer compensation further enhances the efficiency of donor dollars. The organization's transparency is excellent, with readily available filings and no reported liabilities in recent periods, indicating sound financial management practices.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates 728 Cadets Corp with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, 728 Cadets Corp allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of this size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of 728 Cadets Corp's IRS 990 filings:

Recent operating deficits (expenses exceeding revenue) in 202309 and 202209
Significant decline in assets from $96,786 in 202109 to $3,513 in 202309

Strengths

The following positive indicators were identified for 728 Cadets Corp:

Consistent 0% officer compensation across all filings, indicating high efficiency and dedication to mission
High percentage of spending directed towards programs (estimated 90%)
No reported liabilities in recent filing periods (201709-202309), indicating sound debt management
Long and consistent filing history (13 filings), demonstrating transparency and compliance

Frequently Asked Questions about 728 Cadets Corp

Is 728 Cadets Corp a good charity?

Based on the available IRS 990 data, 728 Cadets Corp appears to be a good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission. Its program spending is very high, suggesting efficient use of donations.

How does 728 Cadets Corp manage its finances given recent deficits?

In the 202309 and 202209 periods, 728 Cadets Corp experienced expenses exceeding revenue. While this indicates an operating deficit, the organization has maintained zero liabilities in these periods and has a history of fluctuating but generally positive asset balances, suggesting it manages these deficits through existing assets or timing of cash flows.

What is the trend in 728 Cadets Corp's assets?

728 Cadets Corp's assets have fluctuated significantly. They peaked at $96,786 in 202109 but have since declined to $3,513 in 202309. This suggests the organization may not be building substantial reserves and relies more on current period funding.

Filing History

IRS 990 filing history for 728 Cadets Corp showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), 728 Cadets Corp's revenue has grown by 263.6%, moving from $63K to $230K. Total assets decreased by 86.4% over the same period, from $26K to $4K. Total functional expenses rose by 339.1%, from $57K to $248K. In its most recent filing year (2023), 728 Cadets Corp reported a deficit of $19K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$230K	$248K	$4K	$0	—	View 990
2022	$224K	$245K	$24K	$0	—	View 990
2021	$122K	$110K	$97K	$0	—	View 990
2020	$75K	$75K	$78K	$0	—	View 990
2019	$159K	$167K	$82K	$0	—	View 990
2018	$160K	$153K	$91K	$0	—	View 990
2017	$153K	$117K	$87K	$0	—	View 990
2016	$154K	$148K	$83K	$30K	—	View 990
2015	$153K	$137K	$42K	$0	—	View 990
2014	$104K	$87K	$43K	$1K	—	View 990
2013	$83K	$75K	$29K	$3K	—	View 990
2012	$73K	$76K	$28K	$11K	—	View 990
2011	$63K	$57K	$26K	$4K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $230K, expenses of $248K, and assets of $4K (revenue +2.5% year-over-year).
2022: Revenue of $224K, expenses of $245K, and assets of $24K (revenue +83.6% year-over-year).
2021: Revenue of $122K, expenses of $110K, and assets of $97K (revenue +63.3% year-over-year).
2020: Revenue of $75K, expenses of $75K, and assets of $78K (revenue -52.9% year-over-year).
2019: Revenue of $159K, expenses of $167K, and assets of $82K (revenue -0.6% year-over-year).
2018: Revenue of $160K, expenses of $153K, and assets of $91K (revenue +4.5% year-over-year).
2017: Revenue of $153K, expenses of $117K, and assets of $87K (revenue -0.5% year-over-year).
2016: Revenue of $154K, expenses of $148K, and assets of $83K (revenue +0.4% year-over-year).
2015: Revenue of $153K, expenses of $137K, and assets of $42K (revenue +47.8% year-over-year).
2014: Revenue of $104K, expenses of $87K, and assets of $43K (revenue +24.6% year-over-year).
2013: Revenue of $83K, expenses of $75K, and assets of $29K (revenue +14.5% year-over-year).
2012: Revenue of $73K, expenses of $76K, and assets of $28K (revenue +15.0% year-over-year).
2011: Revenue of $63K, expenses of $57K, and assets of $26K.

Data Sources and Methodology

This transparency report for 728 Cadets Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.