Minneapolis Radiology Vascular Research Foundation
Minneapolis Radiology Vascular Research Foundation maintains stable finances with volunteer leadership, though experienced a deficit in its latest fiscal year.
EIN: 203502241 · Plymouth, MN · NTEE: H90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $505K |
| Total Expenses | $496K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $504,944 |
| Net Assets | $409K |
| Transparency Score | 85/100 |
Is Minneapolis Radiology Vascular Research Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Minneapolis Radiology Vascular Research Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Minneapolis Radiology Vascular Research Foundation
Minneapolis Radiology Vascular Research Foundation (EIN: 203502241) is a nonprofit organization based in Plymouth, MN, classified under NTEE code H90. The organization reported total revenue of $505K and total assets of $452K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minneapolis Radiology Vascular Research Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minneapolis Radiology Vascular Research Foundation 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 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $444K |
| Total Expenses | $496K |
| Surplus / Deficit | $-52,910 |
| Total Assets | $409K |
| Net Assets | $409K |
| Operating Margin | -11.9% |
| Months of Reserves | 9.9 months |
Financial Health Grade: B
In 2023, Minneapolis Radiology Vascular Research Foundation reported a deficit of $53K with expenses exceeding revenue, holds 9.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Minneapolis Radiology Vascular Research Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.4% | +28.2% | -17.8% |
| 2022 | +2567.7% | +1617.0% | +13.0% |
| 2021 | -96.2% | -93.8% | -1.6% |
| 2020 | +23.2% | +106.4% | +10.1% |
| 2019 | -2.0% | -52.7% | +60.6% |
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 Minneapolis Radiology Vascular Research Foundation 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Minneapolis Radiology Vascular Research Foundation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $53K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are unpaid, which is highly commendable for a nonprofit of its size (latest revenue $504,944).
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 Minneapolis Radiology Vascular Research Foundation's IRS 990 filings:
- Expenses exceeded revenue in the latest fiscal period (202304), leading to a deficit of $52,910.
- Significant revenue volatility observed, particularly the sharp drop in 202104 to $15,339 from previous years' averages.
Strengths
The following positive indicators were identified for Minneapolis Radiology Vascular Research Foundation:
- Consistent 0% officer compensation across all reported periods, indicating strong volunteer leadership.
- Generally stable and growing asset base, reaching $451,966 in the latest period.
- Low liabilities, with most periods reporting $0 liabilities, suggesting sound financial management.
- Clear alignment with its NTEE code (Medical Research) and organizational name.
Frequently Asked Questions about Minneapolis Radiology Vascular Research Foundation
Is Minneapolis Radiology Vascular Research Foundation a legitimate charity?
Minneapolis Radiology Vascular Research Foundation (EIN: 203502241) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $505K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Minneapolis Radiology Vascular Research Foundation spend its money?
Minneapolis Radiology Vascular Research Foundation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Minneapolis Radiology Vascular Research Foundation tax-deductible?
Minneapolis Radiology Vascular Research Foundation is registered as a tax-exempt nonprofit (EIN: 203502241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Minneapolis Radiology Vascular Research Foundation CEO make?
Minneapolis Radiology Vascular Research Foundation's highest-compensated officer earns $504,944 annually. The organization reported $505K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Minneapolis Radiology Vascular Research Foundation's spending goes to programs?
Minneapolis Radiology Vascular Research Foundation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Minneapolis Radiology Vascular Research Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Minneapolis Radiology Vascular Research Foundation is above average for NTEE category H90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Minneapolis Radiology Vascular Research Foundation located?
Minneapolis Radiology Vascular Research Foundation is headquartered in Plymouth, Minnesota and files with the IRS under EIN 203502241. It is classified under NTEE code H90.
How many years of IRS 990 filings does Minneapolis Radiology Vascular Research Foundation have?
Minneapolis Radiology Vascular Research Foundation 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 $505K in total revenue.
Is Minneapolis Radiology Vascular Research Foundation a good charity?
Based on the available data, the foundation appears to be a good charity, particularly due to its 0% officer compensation, indicating a strong commitment to directing funds towards its mission. Its financial health is generally stable, though the recent deficit should be observed.
How does the organization fund its operations?
The organization primarily funds its operations through revenue streams that have consistently been in the range of $300,000-$500,000 annually, as seen in filings like 202304 ($443,571) and 202204 ($409,201). Specific sources of revenue are not detailed in this summary but are generally from contributions, grants, and program service revenue for research foundations.
What caused the significant drop in revenue in 202104?
The filing for period 202104 shows a sharp decline in revenue to $15,339 from $407,452 in 202004. This significant fluctuation could be due to a one-time event, a change in funding cycles, or a reporting anomaly, and would require further investigation into the detailed 990 form for that year.
Filing History
IRS 990 filing history for Minneapolis Radiology Vascular Research Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Minneapolis Radiology Vascular Research Foundation's revenue has grown by 69.6%, moving from $262K to $444K. Total assets increased by 927.5% over the same period, from $40K to $409K. Total functional expenses rose by 60.6%, from $309K to $496K. In its most recent filing year (2023), Minneapolis Radiology Vascular Research Foundation reported a deficit of $53K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $444K | $496K | $409K | $0 | — | View 990 |
| 2022 | $409K | $387K | $497K | $35K | — | View 990 |
| 2021 | $15K | $23K | $440K | $0 | — | View 990 |
| 2020 | $407K | $367K | $447K | $0 | — | View 990 |
| 2019 | $331K | $178K | $406K | $0 | — | View 990 |
| 2018 | $338K | $375K | $253K | $0 | — | View 990 |
| 2017 | $353K | $295K | $291K | $0 | — | View 990 |
| 2016 | $359K | $276K | $232K | $0 | — | View 990 |
| 2015 | $233K | $241K | $149K | $0 | — | View 990 |
| 2014 | $351K | $201K | $156K | $0 | — | View 990 |
| 2013 | $201K | $240K | $6K | $0 | — | View 990 |
| 2012 | $233K | $227K | $46K | $0 | — | View 990 |
| 2011 | $262K | $309K | $40K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $444K, expenses of $496K, and assets of $409K (revenue +8.4% year-over-year).
- 2022: Revenue of $409K, expenses of $387K, and assets of $497K (revenue +2567.7% year-over-year).
- 2021: Revenue of $15K, expenses of $23K, and assets of $440K (revenue -96.2% year-over-year).
- 2020: Revenue of $407K, expenses of $367K, and assets of $447K (revenue +23.2% year-over-year).
- 2019: Revenue of $331K, expenses of $178K, and assets of $406K (revenue -2.0% year-over-year).
- 2018: Revenue of $338K, expenses of $375K, and assets of $253K (revenue -4.4% year-over-year).
- 2017: Revenue of $353K, expenses of $295K, and assets of $291K (revenue -1.7% year-over-year).
- 2016: Revenue of $359K, expenses of $276K, and assets of $232K (revenue +54.0% year-over-year).
- 2015: Revenue of $233K, expenses of $241K, and assets of $149K (revenue -33.6% year-over-year).
- 2014: Revenue of $351K, expenses of $201K, and assets of $156K (revenue +74.6% year-over-year).
- 2013: Revenue of $201K, expenses of $240K, and assets of $6K (revenue -13.6% year-over-year).
- 2012: Revenue of $233K, expenses of $227K, and assets of $46K (revenue -11.1% year-over-year).
- 2011: Revenue of $262K, expenses of $309K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minneapolis Radiology Vascular Research Foundation:
Data Sources and Methodology
This transparency report for Minneapolis Radiology Vascular Research Foundation 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.