Elder Network
EIN: 411704390 · Rochester, MN · NTEE: E30Z
| Metric | Value |
|---|---|
| Total Revenue | $977K |
| Total Expenses | $699K |
| Net Assets | $282K |
Is Elder Network Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elder Network
Elder Network (EIN: 411704390) is a nonprofit organization based in Rochester, MN, classified under NTEE code E30Z. The organization reported total revenue of $977K and total assets of $651K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elder Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elder Network is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $798K |
| Total Expenses | $699K |
| Surplus / Deficit | +$99K |
| Total Assets | $350K |
| Total Liabilities | $67K |
| Net Assets | $282K |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 19.2% |
| Months of Reserves | 6.0 months |
Financial Health Grade: A
In 2023, Elder Network reported a surplus of $99K with revenue exceeding expenses, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 19.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Elder Network's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.8% | +9.1% | +56.3% |
| 2022 | +30.3% | +11.8% | +64.2% |
| 2021 | -8.1% | +12.0% | -10.7% |
| 2020 | +9.0% | -5.3% | +118.0% |
| 2019 | +17.4% | +7.8% | +6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elder Network 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 Elder Network 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 surplus of $99K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.2%.
Frequently Asked Questions about Elder Network
Is Elder Network a legitimate charity?
Based on AI analysis of IRS 990 filings, Elder Network (EIN: 411704390) insufficient data. 0 red flags identified, 0 strengths noted.
How does Elder Network spend its money?
Detailed spending breakdown data is not yet available for Elder Network. Check back for updated IRS 990 analysis.
Are donations to Elder Network tax-deductible?
Elder Network is registered as a tax-exempt nonprofit (EIN: 411704390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Elder Network located?
Elder Network is headquartered in Rochester, Minnesota and files with the IRS under EIN 411704390. It is classified under NTEE code E30Z.
How many years of IRS 990 filings does Elder Network have?
Elder Network has 13 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 $977K in total revenue.
Filing History
IRS 990 filing history for Elder Network showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elder Network's revenue has grown by 271.2%, moving from $215K to $798K. Total assets increased by 404.5% over the same period, from $69K to $350K. Total functional expenses rose by 240.8%, from $205K to $699K. In its most recent filing year (2023), Elder Network reported a surplus of $99K, with revenue exceeding expenses. The organization holds $67K in liabilities against $350K in assets (debt-to-asset ratio: 19.2%), resulting in net assets of $282K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $798K | $699K | $350K | $67K | — | — |
| 2022 | $713K | $640K | $224K | $40K | — | — |
| 2021 | $548K | $573K | $136K | $25K | — | View 990 |
| 2020 | $596K | $512K | $153K | $16K | — | View 990 |
| 2019 | $547K | $540K | $70K | $18K | — | View 990 |
| 2018 | $466K | $501K | $66K | $20K | — | View 990 |
| 2017 | $525K | $495K | $111K | $30K | — | View 990 |
| 2016 | $420K | $395K | $51K | $848 | — | View 990 |
| 2015 | $347K | $367K | $42K | $17K | — | View 990 |
| 2014 | $266K | $271K | $66K | $20K | — | View 990 |
| 2013 | $239K | $238K | $65K | $15K | — | View 990 |
| 2012 | $212K | $216K | $73K | $24K | — | View 990 |
| 2011 | $215K | $205K | $69K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $798K, expenses of $699K, and assets of $350K (revenue +11.8% year-over-year).
- 2022: Revenue of $713K, expenses of $640K, and assets of $224K (revenue +30.3% year-over-year).
- 2021: Revenue of $548K, expenses of $573K, and assets of $136K (revenue -8.1% year-over-year).
- 2020: Revenue of $596K, expenses of $512K, and assets of $153K (revenue +9.0% year-over-year).
- 2019: Revenue of $547K, expenses of $540K, and assets of $70K (revenue +17.4% year-over-year).
- 2018: Revenue of $466K, expenses of $501K, and assets of $66K (revenue -11.2% year-over-year).
- 2017: Revenue of $525K, expenses of $495K, and assets of $111K (revenue +24.9% year-over-year).
- 2016: Revenue of $420K, expenses of $395K, and assets of $51K (revenue +21.3% year-over-year).
- 2015: Revenue of $347K, expenses of $367K, and assets of $42K (revenue +30.1% year-over-year).
- 2014: Revenue of $266K, expenses of $271K, and assets of $66K (revenue +11.4% year-over-year).
- 2013: Revenue of $239K, expenses of $238K, and assets of $65K (revenue +12.9% year-over-year).
- 2012: Revenue of $212K, expenses of $216K, and assets of $73K (revenue -1.5% year-over-year).
- 2011: Revenue of $215K, expenses of $205K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elder Network:
Data Sources and Methodology
This transparency report for Elder Network 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.