Mayo Clinic Health System Cannon Falls
Mayo Clinic Health System Cannon Falls shows consistent revenue growth and no reported officer compensation over five years.
EIN: 204156428 · Cannon Falls, MN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $28.6M |
| Program Spending | 85% |
| Net Assets | $31.3M |
| Transparency Score | 85/100 |
Is Mayo Clinic Health System Cannon Falls Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mayo Clinic Health System Cannon Falls directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mayo Clinic Health System Cannon Falls
Mayo Clinic Health System Cannon Falls (EIN: 204156428) is a nonprofit organization based in Cannon Falls, MN. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mayo Clinic Health System Cannon Falls's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mayo Clinic Health System Cannon Falls is a large nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 18.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $36.5M |
| Total Expenses | $28.6M |
| Surplus / Deficit | +$7.9M |
| Total Assets | $38.7M |
| Total Liabilities | $7.4M |
| Net Assets | $31.3M |
| Operating Margin | 21.7% |
| Debt-to-Asset Ratio | 19.1% |
| Months of Reserves | 16.3 months |
Financial Health Grade: A
In 2015, Mayo Clinic Health System Cannon Falls reported a surplus of $7.9M with revenue exceeding expenses, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 19.1% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Mayo Clinic Health System Cannon Falls's revenue has grown at a compound annual growth rate (CAGR) of 18.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +29.5% | +12.0% | -19.0% |
| 2014 | +5.6% | +12.3% | +100.0% |
| 2013 | +15.1% | +8.9% | +27.9% |
| 2012 | +23.5% | +13.0% | +16.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mayo Clinic Health System Cannon Falls with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mayo Clinic Health System Cannon Falls allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all five filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual for an organization of its size and revenue.
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 Mayo Clinic Health System Cannon Falls's IRS 990 filings:
- Lack of detailed expense breakdown in provided data prevents full spending efficiency analysis
Strengths
The following positive indicators were identified for Mayo Clinic Health System Cannon Falls:
- Consistent revenue growth from $18.7M in 2011 to $36.4M in 2015
- No reported officer compensation across all five filings
- Healthy asset base and strong asset-to-liability ratio ($38.6M assets vs $7.3M liabilities in 2015)
- Consistent financial surpluses, indicating effective financial management
Frequently Asked Questions about Mayo Clinic Health System Cannon Falls
Is Mayo Clinic Health System Cannon Falls a legitimate charity?
Mayo Clinic Health System Cannon Falls (EIN: 204156428) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 5 years of IRS 990 filings on record. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Mayo Clinic Health System Cannon Falls spend its money?
Mayo Clinic Health System Cannon Falls directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mayo Clinic Health System Cannon Falls tax-deductible?
Mayo Clinic Health System Cannon Falls is registered as a tax-exempt nonprofit (EIN: 204156428). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mayo Clinic Health System Cannon Falls's spending goes to programs?
Mayo Clinic Health System Cannon Falls directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mayo Clinic Health System Cannon Falls located?
Mayo Clinic Health System Cannon Falls is headquartered in Cannon Falls, Minnesota and files with the IRS under EIN 204156428.
How many years of IRS 990 filings does Mayo Clinic Health System Cannon Falls have?
Mayo Clinic Health System Cannon Falls has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Mayo Clinic Health System Cannon Falls a good charity?
Based on the provided financial data, the organization appears to be financially healthy with consistent revenue growth and no reported officer compensation, suggesting a strong commitment to its mission. However, without detailed expense breakdowns, a full assessment of program efficiency is limited.
How has the organization's revenue changed over time?
Mayo Clinic Health System Cannon Falls has experienced significant revenue growth, increasing from $18,770,977 in 2011 to $36,473,969 in 2015, nearly doubling its income.
What is the organization's asset-to-liability ratio?
In 2015, the organization had assets of $38,679,700 and liabilities of $7,398,447, indicating a strong asset-to-liability ratio of approximately 5.23:1.
Filing History
IRS 990 filing history for Mayo Clinic Health System Cannon Falls showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Mayo Clinic Health System Cannon Falls's revenue has grown by 94.3%, moving from $18.8M to $36.5M. Total assets increased by 142.3% over the same period, from $16.0M to $38.7M. Total functional expenses rose by 54.7%, from $18.5M to $28.6M. In its most recent filing year (2015), Mayo Clinic Health System Cannon Falls reported a surplus of $7.9M, with revenue exceeding expenses. The organization holds $7.4M in liabilities against $38.7M in assets (debt-to-asset ratio: 19.1%), resulting in net assets of $31.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $36.5M | $28.6M | $38.7M | $7.4M | — | View 990 |
| 2014 | $28.2M | $25.5M | $47.8M | $24.1M | — | View 990 |
| 2013 | $26.7M | $22.7M | $23.9M | $2.9M | — | View 990 |
| 2012 | $23.2M | $20.9M | $18.7M | $1.6M | — | View 990 |
| 2011 | $18.8M | $18.5M | $16.0M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $36.5M, expenses of $28.6M, and assets of $38.7M (revenue +29.5% year-over-year).
- 2014: Revenue of $28.2M, expenses of $25.5M, and assets of $47.8M (revenue +5.6% year-over-year).
- 2013: Revenue of $26.7M, expenses of $22.7M, and assets of $23.9M (revenue +15.1% year-over-year).
- 2012: Revenue of $23.2M, expenses of $20.9M, and assets of $18.7M (revenue +23.5% year-over-year).
- 2011: Revenue of $18.8M, expenses of $18.5M, and assets of $16.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mayo Clinic Health System Cannon Falls:
Data Sources and Methodology
This transparency report for Mayo Clinic Health System Cannon Falls 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.