East Tennessee Cardiovascularresearch Foundation
East Tennessee Cardiovascularresearch Foundation faces persistent operating deficits and declining assets.
EIN: 205911602 · Knoxville, TN · NTEE: H99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $426K |
| Total Expenses | $126K |
| Program Spending | 70% |
| Net Assets | $1.5M |
| Transparency Score | 55/100 |
Is East Tennessee Cardiovascularresearch Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
East Tennessee Cardiovascularresearch Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About East Tennessee Cardiovascularresearch Foundation
East Tennessee Cardiovascularresearch Foundation (EIN: 205911602) is a nonprofit organization based in Knoxville, TN, classified under NTEE code H99. The organization reported total revenue of $426K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of East Tennessee Cardiovascularresearch Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
East Tennessee Cardiovascularresearch Foundation 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 -27.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $126K |
| Surplus / Deficit | $-78,780 |
| Total Assets | $1.5M |
| Total Liabilities | $1 |
| Net Assets | $1.5M |
| Operating Margin | -165.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 144.7 months |
Financial Health Grade: B
In 2023, East Tennessee Cardiovascularresearch Foundation reported a deficit of $79K with expenses exceeding revenue, holds 144.7 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), East Tennessee Cardiovascularresearch Foundation's revenue has declined at a compound annual growth rate (CAGR) of -27.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.2% | -12.7% | -4.9% |
| 2022 | -61.9% | -4.7% | -5.4% |
| 2021 | -21.4% | +13.6% | -0.7% |
| 2020 | +196.8% | -1.7% | +2.6% |
| 2019 | -66.1% | -10.2% | -14.0% |
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 East Tennessee Cardiovascularresearch Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, East Tennessee Cardiovascularresearch Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $79K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation, which is a positive for resource allocation.
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 East Tennessee Cardiovascularresearch Foundation's IRS 990 filings:
- Consistent operating deficits: Revenue has been significantly lower than expenses in recent years (e.g., 2023 revenue $47,525 vs. expenses $126,305).
- Declining asset base: Total assets have decreased from $2,002,687 in 2011 to $1,522,687 in 2023.
- Dramatic drop in revenue: Revenue plummeted from over $2.1 million in 2011 to under $150,000 in subsequent years, indicating a major shift or loss of funding.
- Lack of detailed expense breakdown: Without a clear breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for East Tennessee Cardiovascularresearch Foundation:
- Consistent IRS 990 filing history: The organization has a long history of filing its IRS 990s, indicating transparency in reporting.
- No reported officer compensation: The 0% officer compensation suggests a lean or volunteer-driven leadership structure, potentially maximizing funds for mission.
- Substantial asset base: Despite declines, the organization still holds over $1.5 million in assets, providing some financial cushion.
Frequently Asked Questions about East Tennessee Cardiovascularresearch Foundation
Is East Tennessee Cardiovascularresearch Foundation a legitimate charity?
East Tennessee Cardiovascularresearch Foundation (EIN: 205911602) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $426K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does East Tennessee Cardiovascularresearch Foundation spend its money?
East Tennessee Cardiovascularresearch Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to East Tennessee Cardiovascularresearch Foundation tax-deductible?
East Tennessee Cardiovascularresearch Foundation is registered as a tax-exempt nonprofit (EIN: 205911602). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of East Tennessee Cardiovascularresearch Foundation's spending goes to programs?
East Tennessee Cardiovascularresearch Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does East Tennessee Cardiovascularresearch Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), East Tennessee Cardiovascularresearch Foundation is near average for NTEE category H99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is East Tennessee Cardiovascularresearch Foundation located?
East Tennessee Cardiovascularresearch Foundation is headquartered in Knoxville, Tennessee and files with the IRS under EIN 205911602. It is classified under NTEE code H99.
How many years of IRS 990 filings does East Tennessee Cardiovascularresearch Foundation have?
East Tennessee Cardiovascularresearch Foundation 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 $426K in total revenue.
Is East Tennessee Cardiovascularresearch Foundation financially sustainable?
Based on recent filings, the organization is not financially sustainable, consistently spending more than it earns. For example, in 2023, expenses were $126,305 while revenue was only $47,525.
What caused the significant drop in revenue after 2011?
The filings show a dramatic decrease in revenue from $2,139,282 in 2011 to $134,006 in 2012, and further declines in subsequent years. The specific cause is not detailed in the provided data but warrants further investigation.
How does the organization fund its operations given the revenue shortfalls?
The organization appears to be funding its operations by drawing down its asset base, which has decreased from over $2 million in 2011 to $1.5 million in 2023, as revenue consistently falls below expenses.
What is the organization's primary program activity?
The NTEE code H99 indicates 'Cardiovascular Diseases & Disorders Research, General,' suggesting its primary program activity is research related to cardiovascular diseases. However, the specific activities are not detailed in the provided financial summary.
Filing History
IRS 990 filing history for East Tennessee Cardiovascularresearch Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), East Tennessee Cardiovascularresearch Foundation's revenue has declined by 97.8%, moving from $2.1M to $48K. Total assets decreased by 24% over the same period, from $2.0M to $1.5M. Total functional expenses fell by 7.5%, from $137K to $126K. In its most recent filing year (2023), East Tennessee Cardiovascularresearch Foundation reported a deficit of $79K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.5M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $126K | $1.5M | $1 | — | View 990 |
| 2022 | $53K | $145K | $1.6M | $1 | — | View 990 |
| 2021 | $139K | $152K | $1.7M | $1 | — | View 990 |
| 2020 | $177K | $134K | $1.7M | $1 | — | View 990 |
| 2019 | $60K | $136K | $1.7M | $1 | — | — |
| 2015 | $176K | $152K | $1.9M | $0 | — | View 990 |
| 2014 | $142K | $177K | $1.9M | $1 | — | View 990 |
| 2013 | $98K | $151K | $1.9M | $0 | — | View 990 |
| 2012 | $134K | $140K | $2.0M | $0 | — | View 990 |
| 2011 | $2.1M | $137K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48K, expenses of $126K, and assets of $1.5M (revenue -10.2% year-over-year).
- 2022: Revenue of $53K, expenses of $145K, and assets of $1.6M (revenue -61.9% year-over-year).
- 2021: Revenue of $139K, expenses of $152K, and assets of $1.7M (revenue -21.4% year-over-year).
- 2020: Revenue of $177K, expenses of $134K, and assets of $1.7M (revenue +196.8% year-over-year).
- 2019: Revenue of $60K, expenses of $136K, and assets of $1.7M (revenue -66.1% year-over-year).
- 2015: Revenue of $176K, expenses of $152K, and assets of $1.9M (revenue +24.3% year-over-year).
- 2014: Revenue of $142K, expenses of $177K, and assets of $1.9M (revenue +44.9% year-over-year).
- 2013: Revenue of $98K, expenses of $151K, and assets of $1.9M (revenue -27.0% year-over-year).
- 2012: Revenue of $134K, expenses of $140K, and assets of $2.0M (revenue -93.7% year-over-year).
- 2011: Revenue of $2.1M, expenses of $137K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for East Tennessee Cardiovascularresearch Foundation:
Data Sources and Methodology
This transparency report for East Tennessee Cardiovascularresearch 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.