Cannon Valley Communicationfoundation
Cannon Valley Communicationfoundation consistently operates at a deficit, relying on substantial assets while reporting zero officer compensation.
EIN: 204474578 · Elysian, MN · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $849K |
| Total Expenses | $118K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.2M |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Cannon Valley Communicationfoundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cannon Valley Communicationfoundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cannon Valley Communicationfoundation
Cannon Valley Communicationfoundation (EIN: 204474578) is a nonprofit organization based in Elysian, MN, classified under NTEE code T20. The organization reported total revenue of $849K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cannon Valley Communicationfoundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cannon Valley Communicationfoundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67K |
| Total Expenses | $118K |
| Surplus / Deficit | $-51,429 |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | -76.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 127.5 months |
Financial Health Grade: B
In 2023, Cannon Valley Communicationfoundation reported a deficit of $51K with expenses exceeding revenue, holds 127.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cannon Valley Communicationfoundation's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.1% | -13.0% | -3.9% |
| 2022 | -64.6% | -4.4% | -4.9% |
| 2021 | +88.6% | +20.3% | +4.0% |
| 2020 | -26.6% | -2.8% | -0.8% |
| 2019 | +83.3% | +9.2% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cannon Valley Communicationfoundation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Cannon Valley Communicationfoundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the 990, which is highly unusual for an organization of its asset size ($1.2M+).
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 Cannon Valley Communicationfoundation's IRS 990 filings:
- Consistent operating deficits, with expenses frequently exceeding revenue (e.g., 2023: $118,273 expenses vs. $66,844 revenue).
- Declining asset base over the long term, from $1.5M in 2011 to $1.2M in 2023, suggesting reliance on principal for operations.
Strengths
The following positive indicators were identified for Cannon Valley Communicationfoundation:
- Extremely low liabilities ($1 in most years) indicating strong financial management and minimal debt.
- Consistent reporting of 0% officer compensation, suggesting volunteer leadership and efficient use of funds.
- Substantial asset base (over $1.2 million) providing long-term financial stability.
- Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
Frequently Asked Questions about Cannon Valley Communicationfoundation
Is Cannon Valley Communicationfoundation a legitimate charity?
Cannon Valley Communicationfoundation (EIN: 204474578) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $849K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Cannon Valley Communicationfoundation spend its money?
Cannon Valley Communicationfoundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cannon Valley Communicationfoundation tax-deductible?
Cannon Valley Communicationfoundation is registered as a tax-exempt nonprofit (EIN: 204474578). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Cannon Valley Communicationfoundation CEO make?
Cannon Valley Communicationfoundation's highest-compensated officer earns $1.2M annually. The organization reported $849K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Cannon Valley Communicationfoundation's spending goes to programs?
Cannon Valley Communicationfoundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cannon Valley Communicationfoundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Cannon Valley Communicationfoundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cannon Valley Communicationfoundation located?
Cannon Valley Communicationfoundation is headquartered in Elysian, Minnesota and files with the IRS under EIN 204474578. It is classified under NTEE code T20.
How many years of IRS 990 filings does Cannon Valley Communicationfoundation have?
Cannon Valley Communicationfoundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $849K in total revenue.
How does Cannon Valley Communicationfoundation sustain operations given its frequent revenue deficits?
The organization appears to sustain operations by drawing from its substantial asset base, which has consistently been over $1.2 million. For example, in 2023, expenses ($118,273) significantly exceeded revenue ($66,844), indicating a reliance on accumulated funds or investment income from its assets.
What are the specific programs or activities funded by Cannon Valley Communicationfoundation?
Based on the NTEE code T20 (Broadcasting & Radio) and the financial data, the organization likely supports broadcasting and radio initiatives. However, the filings do not provide specific details on the nature of these programs or how the expenses are allocated beyond general categories.
Why is officer compensation consistently reported as zero?
The consistent reporting of zero officer compensation suggests that the organization's leadership is entirely volunteer-based, or any compensation provided is not categorized as 'officer compensation' on the IRS Form 990. This is a notable characteristic for an organization with over $1 million in assets.
Has the organization's asset base been declining over time due to operating deficits?
Yes, the organization's assets have shown a general downward trend from a high of $1,515,004 in 2011 to $1,256,262 in 2023, which is consistent with an organization frequently operating at a deficit and potentially drawing from its principal to cover expenses.
Filing History
IRS 990 filing history for Cannon Valley Communicationfoundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cannon Valley Communicationfoundation's revenue has grown by 37.4%, moving from $49K to $67K. Total assets decreased by 17.1% over the same period, from $1.5M to $1.3M. Total functional expenses rose by 23.7%, from $96K to $118K. In its most recent filing year (2023), Cannon Valley Communicationfoundation reported a deficit of $51K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67K | $118K | $1.3M | $1 | — | — |
| 2022 | $69K | $136K | $1.3M | $1 | — | View 990 |
| 2021 | $195K | $142K | $1.4M | $1 | — | View 990 |
| 2020 | $103K | $118K | $1.3M | $1 | — | — |
| 2019 | $141K | $122K | $1.3M | $-3,949 | — | — |
| 2015 | $77K | $111K | $1.4M | $1 | — | View 990 |
| 2014 | $148K | $114K | $1.5M | $1 | — | View 990 |
| 2013 | $78K | $106K | $1.4M | $1 | — | View 990 |
| 2012 | $45K | $105K | $1.5M | $1 | — | View 990 |
| 2011 | $49K | $96K | $1.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $118K, and assets of $1.3M (revenue -3.1% year-over-year).
- 2022: Revenue of $69K, expenses of $136K, and assets of $1.3M (revenue -64.6% year-over-year).
- 2021: Revenue of $195K, expenses of $142K, and assets of $1.4M (revenue +88.6% year-over-year).
- 2020: Revenue of $103K, expenses of $118K, and assets of $1.3M (revenue -26.6% year-over-year).
- 2019: Revenue of $141K, expenses of $122K, and assets of $1.3M (revenue +83.3% year-over-year).
- 2015: Revenue of $77K, expenses of $111K, and assets of $1.4M (revenue -48.2% year-over-year).
- 2014: Revenue of $148K, expenses of $114K, and assets of $1.5M (revenue +89.0% year-over-year).
- 2013: Revenue of $78K, expenses of $106K, and assets of $1.4M (revenue +73.9% year-over-year).
- 2012: Revenue of $45K, expenses of $105K, and assets of $1.5M (revenue -7.4% year-over-year).
- 2011: Revenue of $49K, expenses of $96K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cannon Valley Communicationfoundation:
Data Sources and Methodology
This transparency report for Cannon Valley Communicationfoundation 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.