Miravida Living Foundation Inc
Miravida Living Foundation experiences volatile financial performance with recent significant deficit and increased liabilities.
EIN: 10938793 · Oshkosh, WI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $306K |
| Total Expenses | $675K |
| Program Spending | 80% |
| Net Assets | $4.2M |
| Transparency Score | 65/100 |
Is Miravida Living Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Miravida Living Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Miravida Living Foundation Inc
Miravida Living Foundation Inc (EIN: 10938793) is a nonprofit organization based in Oshkosh, WI. The organization reported total revenue of $306K and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Miravida Living Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Miravida Living Foundation Inc is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $172K |
| Total Expenses | $675K |
| Surplus / Deficit | $-502,698 |
| Total Assets | $4.2M |
| Total Liabilities | $3K |
| Net Assets | $4.2M |
| Operating Margin | -291.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 75.1 months |
Financial Health Grade: B
In 2023, Miravida Living Foundation Inc reported a deficit of $503K with expenses exceeding revenue, holds 75.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Miravida Living Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -89.6% | +4.5% | -11.1% |
| 2022 | +228.5% | +518.1% | -11.0% |
| 2021 | +223.6% | +106.6% | +17.9% |
| 2020 | -28.9% | -87.7% | +3.0% |
| 2019 | -24.9% | -21.0% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1988 |
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 Miravida Living Foundation Inc with a Mission Score of 65 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, Miravida Living Foundation Inc 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 $503K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly favorable for donor perception and resource allocation.
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 Miravida Living Foundation Inc's IRS 990 filings:
- Significant operating deficit in 2023 ($172,449 revenue vs. $675,147 expenses).
- Substantial increase in liabilities from $513,546 in 2022 to $2,793,000 in 2023, representing a large portion of assets.
- Highly volatile revenue and expense patterns over the past several years, indicating potential instability.
Strengths
The following positive indicators were identified for Miravida Living Foundation Inc:
- Consistent reporting of 0% officer compensation, demonstrating efficient use of funds for executive pay.
- Maintained a relatively stable asset base of over $4 million despite financial fluctuations.
- History of significant surpluses in some years (e.g., 2022: $1.6M revenue vs. $646K expenses), showing capacity for strong financial performance.
Frequently Asked Questions about Miravida Living Foundation Inc
Is Miravida Living Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Miravida Living Foundation Inc (EIN: 10938793) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Miravida Living Foundation Inc spend its money?
Miravida Living Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Miravida Living Foundation Inc tax-deductible?
Miravida Living Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10938793). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Miravida Living Foundation Inc's spending goes to programs?
Miravida Living Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Miravida Living Foundation Inc located?
Miravida Living Foundation Inc is headquartered in Oshkosh, Wisconsin and files with the IRS under EIN 10938793.
How many years of IRS 990 filings does Miravida Living Foundation Inc have?
Miravida Living Foundation Inc 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 $306K in total revenue.
What caused the significant increase in liabilities to $2,793,000 in 2023?
The IRS 990 filings do not provide specific details on the nature of the liabilities, but this substantial increase from $513,546 in 2022 is a critical financial development that would require further investigation into the organization's balance sheet.
Why did expenses significantly exceed revenue in 2023 ($675,147 vs $172,449)?
The filings show a substantial operating deficit in 2023. This could be due to one-time expenditures, a decline in donations, or a strategic investment, but the specific reasons are not detailed in the summary data provided.
How does Miravida Living Foundation Inc. sustain operations with such fluctuating revenue?
The organization's ability to maintain a stable asset base despite revenue volatility suggests reliance on accumulated reserves, endowment income, or other non-operating revenue sources not fully detailed in the summary, or it may indicate periods of drawing down assets to cover expenses.
Filing History
IRS 990 filing history for Miravida Living Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Miravida Living Foundation Inc's revenue has declined by 62.9%, moving from $465K to $172K. Total assets increased by 43% over the same period, from $3.0M to $4.2M. Total functional expenses rose by 69.9%, from $397K to $675K. In its most recent filing year (2023), Miravida Living Foundation Inc reported a deficit of $503K, with expenses exceeding revenue. The organization holds $3K in liabilities against $4.2M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $4.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $172K | $675K | $4.2M | $3K | — | — |
| 2022 | $1.7M | $646K | $4.8M | $514K | — | — |
| 2021 | $504K | $105K | $5.3M | $8K | — | View 990 |
| 2020 | $156K | $51K | $4.5M | $7K | — | View 990 |
| 2019 | $219K | $410K | $4.4M | $8K | — | View 990 |
| 2018 | $292K | $519K | $4.0M | $18K | — | View 990 |
| 2017 | $1.0M | $1.0M | $4.6M | $79K | — | View 990 |
| 2016 | $799K | $305K | $4.2M | $33K | — | View 990 |
| 2015 | $330K | $340K | $3.6M | $22K | — | View 990 |
| 2014 | $578K | $196K | $3.8M | $33K | — | View 990 |
| 2013 | $826K | $342K | $3.9M | $2K | — | View 990 |
| 2012 | $678K | $231K | $3.3M | $434 | — | View 990 |
| 2011 | $465K | $397K | $3.0M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $172K, expenses of $675K, and assets of $4.2M (revenue -89.6% year-over-year).
- 2022: Revenue of $1.7M, expenses of $646K, and assets of $4.8M (revenue +228.5% year-over-year).
- 2021: Revenue of $504K, expenses of $105K, and assets of $5.3M (revenue +223.6% year-over-year).
- 2020: Revenue of $156K, expenses of $51K, and assets of $4.5M (revenue -28.9% year-over-year).
- 2019: Revenue of $219K, expenses of $410K, and assets of $4.4M (revenue -24.9% year-over-year).
- 2018: Revenue of $292K, expenses of $519K, and assets of $4.0M (revenue -71.2% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.0M, and assets of $4.6M (revenue +26.9% year-over-year).
- 2016: Revenue of $799K, expenses of $305K, and assets of $4.2M (revenue +142.4% year-over-year).
- 2015: Revenue of $330K, expenses of $340K, and assets of $3.6M (revenue -42.9% year-over-year).
- 2014: Revenue of $578K, expenses of $196K, and assets of $3.8M (revenue -30.1% year-over-year).
- 2013: Revenue of $826K, expenses of $342K, and assets of $3.9M (revenue +21.8% year-over-year).
- 2012: Revenue of $678K, expenses of $231K, and assets of $3.3M (revenue +45.9% year-over-year).
- 2011: Revenue of $465K, expenses of $397K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Miravida Living Foundation Inc:
Data Sources and Methodology
This transparency report for Miravida Living Foundation Inc 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.