Cardiovascular Innovations Foundation
EIN: 813064105 · Denver, CO · NTEE: E60
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.8M |
| Net Assets | $657K |
Is Cardiovascular Innovations Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cardiovascular Innovations Foundation
Cardiovascular Innovations Foundation (EIN: 813064105) is a nonprofit organization based in Denver, CO, classified under NTEE code E60. The organization reported total revenue of $1.7M and total assets of $451K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cardiovascular Innovations Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cardiovascular Innovations Foundation is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 103.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-283,117 |
| Total Assets | $681K |
| Total Liabilities | $24K |
| Net Assets | $657K |
| Operating Margin | -18.7% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 4.6 months |
Financial Health Grade: B
In 2023, Cardiovascular Innovations Foundation reported a deficit of $283K with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Cardiovascular Innovations Foundation's revenue has grown at a compound annual growth rate (CAGR) of 103.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | +14.7% | -27.9% |
| 2022 | +55.2% | +196.9% | -5.8% |
| 2021 | +38.2% | +39.3% | +80.1% |
| 2020 | -66.5% | -82.3% | +261.2% |
| 2019 | +12.8% | +17.5% | -26.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cardiovascular Innovations Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cardiovascular Innovations Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $283K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.6%.
Frequently Asked Questions about Cardiovascular Innovations Foundation
Is Cardiovascular Innovations Foundation a legitimate charity?
Cardiovascular Innovations Foundation (EIN: 813064105) is a registered tax-exempt nonprofit based in Colorado. It has 8 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. Financial health grade: B.
How does Cardiovascular Innovations Foundation spend its money?
Cardiovascular Innovations Foundation reported $1.7M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cardiovascular Innovations Foundation tax-deductible?
Cardiovascular Innovations Foundation is registered as a tax-exempt nonprofit (EIN: 813064105). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cardiovascular Innovations Foundation located?
Cardiovascular Innovations Foundation is headquartered in Denver, Colorado and files with the IRS under EIN 813064105. It is classified under NTEE code E60.
How many years of IRS 990 filings does Cardiovascular Innovations Foundation have?
Cardiovascular Innovations Foundation has 8 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for Cardiovascular Innovations Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Cardiovascular Innovations Foundation's revenue has grown by 14498.5%, moving from $10K to $1.5M. Total assets increased by 1711.4% over the same period, from $38K to $681K. Total functional expenses rose by 5154.1%, from $34K to $1.8M. In its most recent filing year (2023), Cardiovascular Innovations Foundation reported a deficit of $283K, with expenses exceeding revenue. The organization holds $24K in liabilities against $681K in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $657K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.8M | $681K | $24K | — | — |
| 2022 | $1.5M | $1.6M | $945K | $5K | — | View 990 |
| 2021 | $989K | $527K | $1.0M | $33K | — | View 990 |
| 2020 | $715K | $378K | $557K | $49K | — | — |
| 2019 | $2.1M | $2.1M | $154K | $11K | — | View 990 |
| 2018 | $1.9M | $1.8M | $210K | $88K | — | View 990 |
| 2017 | $1.3M | $1.2M | $147K | $3K | — | View 990 |
| 2016 | $10K | $34K | $38K | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.8M, and assets of $681K (revenue -1.5% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $945K (revenue +55.2% year-over-year).
- 2021: Revenue of $989K, expenses of $527K, and assets of $1.0M (revenue +38.2% year-over-year).
- 2020: Revenue of $715K, expenses of $378K, and assets of $557K (revenue -66.5% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.1M, and assets of $154K (revenue +12.8% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $210K (revenue +43.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $147K (revenue +12658.3% year-over-year).
- 2016: Revenue of $10K, expenses of $34K, and assets of $38K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cardiovascular Innovations Foundation:
Data Sources and Methodology
This transparency report for Cardiovascular Innovations Foundation 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.