International Society For Minimally Invasive Cardiac Surgery
EIN: 411889746 · Beverly, MA · NTEE: H43
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $952K |
| Net Assets | $639K |
Is International Society For Minimally Invasive Cardiac Surgery Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About International Society For Minimally Invasive Cardiac Surgery
International Society For Minimally Invasive Cardiac Surgery (EIN: 411889746) is a nonprofit organization based in Beverly, MA, classified under NTEE code H43. The organization reported total revenue of $1.1M and total assets of $866K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of International Society For Minimally Invasive Cardiac Surgery's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
International Society For Minimally Invasive Cardiac Surgery is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $982K |
| Total Expenses | $952K |
| Surplus / Deficit | +$30K |
| Total Assets | $756K |
| Total Liabilities | $116K |
| Net Assets | $639K |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 9.5 months |
Financial Health Grade: A
In 2023, International Society For Minimally Invasive Cardiac Surgery reported a surplus of $30K with revenue exceeding expenses, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), International Society For Minimally Invasive Cardiac Surgery's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.0% | -3.6% | +2.1% |
| 2022 | +33.7% | +98.3% | -17.4% |
| 2021 | +89.4% | +32.8% | +16.9% |
| 2020 | -73.3% | -67.5% | -7.5% |
| 2019 | +19.3% | +3.1% | +11.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for International Society For Minimally Invasive Cardiac Surgery 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 International Society For Minimally Invasive Cardiac Surgery 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 $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.4%.
Frequently Asked Questions about International Society For Minimally Invasive Cardiac Surgery
Is International Society For Minimally Invasive Cardiac Surgery a legitimate charity?
International Society For Minimally Invasive Cardiac Surgery (EIN: 411889746) is a registered tax-exempt nonprofit based in Massachusetts. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does International Society For Minimally Invasive Cardiac Surgery spend its money?
International Society For Minimally Invasive Cardiac Surgery reported $1.1M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to International Society For Minimally Invasive Cardiac Surgery tax-deductible?
International Society For Minimally Invasive Cardiac Surgery is registered as a tax-exempt nonprofit (EIN: 411889746). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is International Society For Minimally Invasive Cardiac Surgery located?
International Society For Minimally Invasive Cardiac Surgery is headquartered in Beverly, Massachusetts and files with the IRS under EIN 411889746. It is classified under NTEE code H43.
How many years of IRS 990 filings does International Society For Minimally Invasive Cardiac Surgery have?
International Society For Minimally Invasive Cardiac Surgery 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for International Society For Minimally Invasive Cardiac Surgery showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), International Society For Minimally Invasive Cardiac Surgery's revenue has declined by 9.1%, moving from $1.1M to $982K. Total assets increased by 32% over the same period, from $572K to $756K. Total functional expenses fell by 4%, from $991K to $952K. In its most recent filing year (2023), International Society For Minimally Invasive Cardiac Surgery reported a surplus of $30K, with revenue exceeding expenses. The organization holds $116K in liabilities against $756K in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $639K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $982K | $952K | $756K | $116K | — | — |
| 2022 | $839K | $987K | $740K | $175K | — | View 990 |
| 2021 | $628K | $498K | $896K | $77K | — | View 990 |
| 2020 | $331K | $375K | $767K | $122K | — | View 990 |
| 2019 | $1.2M | $1.2M | $829K | $163K | — | View 990 |
| 2018 | $1.0M | $1.1M | $746K | $202K | — | View 990 |
| 2017 | $1.3M | $1.3M | $789K | $122K | — | View 990 |
| 2016 | $1.3M | $1.2M | $814K | $213K | — | View 990 |
| 2015 | $1.3M | $1.2M | $632K | $153K | — | View 990 |
| 2014 | $1.1M | $1.1M | $531K | $151K | — | View 990 |
| 2013 | $1.2M | $1.3M | $510K | $167K | — | View 990 |
| 2012 | $1.1M | $1.2M | $516K | $130K | — | View 990 |
| 2011 | $1.1M | $991K | $572K | $121K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $982K, expenses of $952K, and assets of $756K (revenue +17.0% year-over-year).
- 2022: Revenue of $839K, expenses of $987K, and assets of $740K (revenue +33.7% year-over-year).
- 2021: Revenue of $628K, expenses of $498K, and assets of $896K (revenue +89.4% year-over-year).
- 2020: Revenue of $331K, expenses of $375K, and assets of $767K (revenue -73.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $829K (revenue +19.3% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $746K (revenue -19.6% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $789K (revenue -2.8% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $814K (revenue +1.2% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $632K (revenue +20.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $531K (revenue -9.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.3M, and assets of $510K (revenue +11.6% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.2M, and assets of $516K (revenue +0.3% year-over-year).
- 2011: Revenue of $1.1M, expenses of $991K, and assets of $572K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for International Society For Minimally Invasive Cardiac Surgery:
Data Sources and Methodology
This transparency report for International Society For Minimally Invasive Cardiac Surgery 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.