Greater Mankato Diversity Council
Greater Mankato Diversity Council shows fluctuating financial health with periods of deficit spending and no reported officer compensation.
EIN: 204627525 · Mankato, MN · NTEE: A23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $166K |
| Program Spending | 80% |
| Net Assets | $43K |
| Transparency Score | 75/100 |
Is Greater Mankato Diversity Council Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Mankato Diversity Council directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Mankato Diversity Council
Greater Mankato Diversity Council (EIN: 204627525) is a nonprofit organization based in Mankato, MN, classified under NTEE code A23. The organization reported total revenue of $130K and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Mankato Diversity Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Mankato Diversity Council is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $141K |
| Total Expenses | $166K |
| Surplus / Deficit | $-24,912 |
| Total Assets | $49K |
| Total Liabilities | $6K |
| Net Assets | $43K |
| Operating Margin | -17.7% |
| Debt-to-Asset Ratio | 12.8% |
| Months of Reserves | 3.6 months |
Financial Health Grade: B
In 2023, Greater Mankato Diversity Council reported a deficit of $25K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 12.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greater Mankato Diversity Council's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.3% | -4.4% | -38.6% |
| 2022 | -32.4% | -21.9% | +12.5% |
| 2021 | +31.3% | +14.0% | +205.4% |
| 2020 | -6.7% | -15.3% | -7.3% |
| 2019 | -0.9% | +12.0% | -30.1% |
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 Greater Mankato Diversity Council 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, Greater Mankato Diversity Council 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 $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.8%.
Executive Compensation Analysis
The Greater Mankato Diversity Council consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for resource allocation towards its mission.
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 Greater Mankato Diversity Council's IRS 990 filings:
- Expenses exceeded revenue in multiple recent periods (e.g., 202306: $165,940 expenses vs. $141,028 revenue).
- Significant fluctuations in assets over the past decade, indicating potential instability in reserves.
- Limited asset base relative to annual expenses, suggesting vulnerability to financial shocks.
Strengths
The following positive indicators were identified for Greater Mankato Diversity Council:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Maintained operations for over a decade, showing resilience despite financial fluctuations.
Frequently Asked Questions about Greater Mankato Diversity Council
Is Greater Mankato Diversity Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Mankato Diversity Council (EIN: 204627525) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Greater Mankato Diversity Council spend its money?
Greater Mankato Diversity Council directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Mankato Diversity Council tax-deductible?
Greater Mankato Diversity Council is registered as a tax-exempt nonprofit (EIN: 204627525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Mankato Diversity Council's spending goes to programs?
Greater Mankato Diversity Council directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greater Mankato Diversity Council compare to similar nonprofits?
With a transparency score of 75/100 (Good), Greater Mankato Diversity Council is above average for NTEE category A23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Mankato Diversity Council located?
Greater Mankato Diversity Council is headquartered in Mankato, Minnesota and files with the IRS under EIN 204627525. It is classified under NTEE code A23.
How many years of IRS 990 filings does Greater Mankato Diversity Council have?
Greater Mankato Diversity Council 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 $130K in total revenue.
Is the Greater Mankato Diversity Council financially sustainable given its recurring deficits?
The organization has experienced several years where expenses exceeded revenue (e.g., 202306, 201906, 201706, 201506, 201406), which could pose a long-term sustainability risk if not addressed through increased revenue or reduced expenses.
What is the organization's strategy for building its asset reserves?
The organization's assets have fluctuated significantly, from $3,547 in 201506 to $79,906 in 202206, and then down to $49,092 in 202306. A clear strategy for building and maintaining reserves would enhance financial stability.
How does the organization manage its liabilities?
Liabilities have varied, reaching a high of $20,666 in 201906 and standing at $6,260 in 202306. Understanding the nature and management of these liabilities is important for assessing financial risk.
Filing History
IRS 990 filing history for Greater Mankato Diversity Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Mankato Diversity Council's revenue has declined by 20.2%, moving from $177K to $141K. Total assets decreased by 44.3% over the same period, from $88K to $49K. Total functional expenses fell by 4.6%, from $174K to $166K. In its most recent filing year (2023), Greater Mankato Diversity Council reported a deficit of $25K, with expenses exceeding revenue. The organization holds $6K in liabilities against $49K in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $141K | $166K | $49K | $6K | — | View 990 |
| 2022 | $182K | $174K | $80K | $12K | — | View 990 |
| 2021 | $268K | $222K | $71K | $11K | — | View 990 |
| 2020 | $205K | $195K | $23K | $10K | — | View 990 |
| 2019 | $219K | $230K | $25K | $21K | — | View 990 |
| 2018 | $221K | $206K | $36K | $20K | — | View 990 |
| 2017 | $167K | $171K | $20K | $20K | — | View 990 |
| 2016 | $161K | $147K | $8K | $4K | — | View 990 |
| 2015 | $154K | $158K | $4K | $14K | — | View 990 |
| 2014 | $208K | $211K | $7K | $13K | — | View 990 |
| 2013 | $198K | $203K | $87K | $90K | — | View 990 |
| 2012 | $182K | $178K | $93K | $92K | — | View 990 |
| 2011 | $177K | $174K | $88K | $91K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $141K, expenses of $166K, and assets of $49K (revenue -22.3% year-over-year).
- 2022: Revenue of $182K, expenses of $174K, and assets of $80K (revenue -32.4% year-over-year).
- 2021: Revenue of $268K, expenses of $222K, and assets of $71K (revenue +31.3% year-over-year).
- 2020: Revenue of $205K, expenses of $195K, and assets of $23K (revenue -6.7% year-over-year).
- 2019: Revenue of $219K, expenses of $230K, and assets of $25K (revenue -0.9% year-over-year).
- 2018: Revenue of $221K, expenses of $206K, and assets of $36K (revenue +33.0% year-over-year).
- 2017: Revenue of $167K, expenses of $171K, and assets of $20K (revenue +3.2% year-over-year).
- 2016: Revenue of $161K, expenses of $147K, and assets of $8K (revenue +4.8% year-over-year).
- 2015: Revenue of $154K, expenses of $158K, and assets of $4K (revenue -26.2% year-over-year).
- 2014: Revenue of $208K, expenses of $211K, and assets of $7K (revenue +5.2% year-over-year).
- 2013: Revenue of $198K, expenses of $203K, and assets of $87K (revenue +9.0% year-over-year).
- 2012: Revenue of $182K, expenses of $178K, and assets of $93K (revenue +2.8% year-over-year).
- 2011: Revenue of $177K, expenses of $174K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Mankato Diversity Council:
Data Sources and Methodology
This transparency report for Greater Mankato Diversity Council 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.