Mayo Clinic Health System Waseca
EIN: 363606405 · Waseca, MN
| Metric | Value |
|---|---|
| Total Expenses | $19.1M |
| Net Assets | $44.6M |
Is Mayo Clinic Health System Waseca Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mayo Clinic Health System Waseca
Mayo Clinic Health System Waseca (EIN: 363606405) is a nonprofit organization based in Waseca, 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 Waseca's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mayo Clinic Health System Waseca is a large nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $21.7M |
| Total Expenses | $19.1M |
| Surplus / Deficit | +$2.7M |
| Total Assets | $47.2M |
| Total Liabilities | $2.7M |
| Net Assets | $44.6M |
| Operating Margin | 12.2% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 29.7 months |
Financial Health Grade: A
In 2014, Mayo Clinic Health System Waseca reported a surplus of $2.7M with revenue exceeding expenses, holds 29.7 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 4 years of filings (2011–2014), Mayo Clinic Health System Waseca's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | +0.2% | -1.0% | +7.6% |
| 2013 | -3.2% | -1.5% | +8.7% |
| 2012 | -2.6% | +2.8% | +7.9% |
AI Analysis Pending
AI enrichment for Mayo Clinic Health System Waseca 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 Mayo Clinic Health System Waseca 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.7%.
Frequently Asked Questions about Mayo Clinic Health System Waseca
Is Mayo Clinic Health System Waseca a legitimate charity?
Mayo Clinic Health System Waseca (EIN: 363606405) is a registered tax-exempt nonprofit based in Minnesota. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Mayo Clinic Health System Waseca spend its money?
Mayo Clinic Health System Waseca reported its financials in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mayo Clinic Health System Waseca tax-deductible?
Mayo Clinic Health System Waseca is registered as a tax-exempt nonprofit (EIN: 363606405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mayo Clinic Health System Waseca located?
Mayo Clinic Health System Waseca is headquartered in Waseca, Minnesota and files with the IRS under EIN 363606405.
How many years of IRS 990 filings does Mayo Clinic Health System Waseca have?
Mayo Clinic Health System Waseca has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Mayo Clinic Health System Waseca showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Mayo Clinic Health System Waseca's revenue has declined by 5.5%, moving from $23.0M to $21.7M. Total assets increased by 26.2% over the same period, from $37.4M to $47.2M. Total functional expenses rose by 0.3%, from $19.0M to $19.1M. In its most recent filing year (2014), Mayo Clinic Health System Waseca reported a surplus of $2.7M, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $47.2M in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $44.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $21.7M | $19.1M | $47.2M | $2.7M | — | View 990 |
| 2013 | $21.7M | $19.3M | $43.9M | $2.1M | — | View 990 |
| 2012 | $22.4M | $19.6M | $40.4M | $1.4M | — | View 990 |
| 2011 | $23.0M | $19.0M | $37.4M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $21.7M, expenses of $19.1M, and assets of $47.2M (revenue +0.2% year-over-year).
- 2013: Revenue of $21.7M, expenses of $19.3M, and assets of $43.9M (revenue -3.2% year-over-year).
- 2012: Revenue of $22.4M, expenses of $19.6M, and assets of $40.4M (revenue -2.6% year-over-year).
- 2011: Revenue of $23.0M, expenses of $19.0M, and assets of $37.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mayo Clinic Health System Waseca:
Data Sources and Methodology
This transparency report for Mayo Clinic Health System Waseca 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.