Mankato Clinic Foundation Inc
Nonprofit profile at a glance
- EIN
- 416045200
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Mankato, MN, USA
- Phone
- 5073898504
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Ambulatory Health Center, Community Clinic
Reported finances
- Revenue
- $431,445
- Expenses
- $357,467
- Assets
- $1,707,750
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Marcia Bahr (President)
People named in this filing
- Mike Kittelson (Chairperson)
- Richard Peller (Board Member)
- Keith Bauer (Board Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide, promote and develop health education and healthy lifestyle awareness to members of the Mankato Clinic service area.
What it reported doing in 2024
The Foundation assists with health education projects including Educare, car seat safety, and Student Athlete Concussion Management Program.Educare is a non-profit, public entity which provides financial support to Mankato Area Public Schools, beyond the normal operating budgets, for programs and activities that enhance educational opportunities for all students. Through this funding we enable teachers to explore new ways to expand a world of learning for their students.The car seat safety program provides on-going, free of charge car seat safety lessons open to the public. This class helps parents avoid mistakes that can put their children at risk. The classes are taught by certified Child Passenger Safey technicians. This program serves 100 - 200 families each year. The Impact Program provides special software which can evaluate possible sports related head injuries in high school athletes. This program is utilized at nine schools and one youth hockey league. This program serves approximately 1,700 student athletes per year.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 81
- Accountability: 88
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80%; rating input score 80
- Program expense ratio: 95.5%; rating input score 96
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 22nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 67.5%; rating input score 68; 45th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 17.1%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 4.78; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 10.2% per year; rating input score 100; 66th percentile among comparable filings
Details
- Where the money goes: 80% of revenue deployed · 95.5% of spending went to programs
- Governance: 12 of 12 board members independent · 5 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $341K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 18 of 19 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 12 filed money-flow records
- Related organizations: 12 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.