MINNEAPOLIS RADIOLOGY AND VASCULAR RESEARCH FOUNDATION (EIN 203502241) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

JOAN STONE

Phone

7633982208

Tax Period

2024-05-01 to 2025-04-30

MINNEAPOLIS RADIOLOGY AND VASCULAR RESEARCH FOUNDATION, founded in 2005, is a small nonprofit in the Medical Research sector that reported $527K in total revenue in fiscal year 2024. The organization ran a surplus of $91K, a strong 17% operating margin.

Mission

CONDUCT & RESEARCH DIAGNOSTIC APPROACHES TREATING VASCULAR DISEASE & ADVANCE DIAGNOSTIC IMAGING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $105,000

Program Service Revenue $405,537

Investment Income $16,017

Other Revenue $0

TOTAL REVENUE $526,554

Expense Breakdown

Grants Paid $781

Salaries & Benefits $103,198

Fundraising Expenses $0

Program Expenses $404,600

Other Expenses $331,117

TOTAL EXPENSES $435,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$526,554	$504,944	+0.0%
Expenses	$435,096	$461,521	-0.1%
Net Income	$91,458	$43,423	+1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$34,924

Total Directors

$14,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCHULTZ SCOTT MD	PRESIDENT	3.00	Officer Director	$9,300	$0	$9,300
MCMILLAN WILLIAM MD	VICE PRESIDENT - SECRETARY	2.00	Officer Director	$4,800	$0	$4,800
WICKLUND DAVID MD	TREASURER	0.25	Officer Director	$0	$0	$0
STONE JOAN	CFO	10.00	Officer	$20,824	$0	$20,824

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$526,554	$435,096	$543,424	$91,458
2024	$504,944	$461,521	$451,966	$43,423
2023	$443,571	$496,481	$408,543	$-52,910
2022	$409,201	$387,369	$496,847	$21,832
2021	$15,339	$22,561	$439,621	$-7,222
2020	$407,452	$366,537	$446,843	$40,915
2018	$337,633	$375,452	$252,786	$-37,819

MINNEAPOLIS RADIOLOGY AND VASCULAR RESEARCH FOUNDATION