Mankato Clinic Foundation Inc

EIN: 416045200 501(c)(3) Health Care

Mankato, MN

Total Revenue
$278,001
Total Expenses
$312,629
Total Assets
$1,480,770
Net Assets
$1,480,770
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
MN
Principal Officer
Marcia Bahr
Phone
5073898504
Tax Period
2023-01-01 to 2023-12-31

Mankato Clinic Foundation Inc, founded in 1966, is a small nonprofit in the Health Care sector that reported $278K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $313K exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide, promote and develop health education and healthy lifestyle awareness to members of the Mankato Clinic service area.

Program Service Accomplishments

Program 1
Expenses: $242,615

The Foundation provided grants to organizations that focus on promoting healthy lifestyles and wellness in the community. In addition, money is provided to South Central College to award as...

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The Foundation provided grants to organizations that focus on promoting healthy lifestyles and wellness in the community. In addition, money is provided to South Central College to award as scholarships to nursing students in their respective programs.The Foundation provided scholarships to area Mankato Clinic employees who are students starting or advancing health care education programs at the college level. Five direct scholarships were awarded.

Program 2
Expenses: $31,506

The Foundation assists with health education projects including Educare, car seat safety, and Impact Program.Educare is a non-profit, public entity which provides financial support to Mankato Area...

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The Foundation assists with health education projects including Educare, car seat safety, and Impact 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 National Highway Transportation Safety Administration 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.

Program 3
Expenses: $6,509

The Foundation provided scholarships to area Mankato Clinic employees who are students starting or advancing health care education programs at the college level. Five direct scholarships were awarded.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $245,837
Program Service Revenue $0
Investment Income $3,407
Other Revenue $28,757
TOTAL REVENUE $278,001

Expense Breakdown

Grants Paid $279,709
Salaries & Benefits $0
Fundraising Expenses $3,924
Program Expenses $294,617
Other Expenses $32,920
TOTAL EXPENSES $312,629

Year-over-Year Comparison

2023 2022 Change
Revenue $278,001 $391,421 -0.3%
Expenses $312,629 $320,063 0.0%
Net Income $-34,628 $71,358 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
25

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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Katie Anderson MD Chairperson 0.50
Officer Director
$0 $0 $0
Richard Peller Board Member 0.20
Director
$0 $0 $0
Keith Baurer Board Member 0.20
Director
$0 $0 $0
Rylee Anderson Board Member 0.20
Director
$0 $0 $0
Mike Kittelson Board Member 0.20
Director
$0 $0 $0
Lisa Cownie Board Member 0.20
Director
$0 $0 $0
Julia Ketcham Corbett Board Member 0.20
Director
$0 $0 $0
Sreelatha Spieker Board Member 0.20
Director
$0 $0 $0
Jessica Beyer Board Member 0.20
Director
$0 $0 $0
Tami Meehan Board Member 0.20
Director
$0 $0 $0
Thomas Finn Board Member 0.20
Director
$0 $0 $0
Nancy Dobson Board Member 0.20
Director
$0 $0 $0
Marcia Bahr President 10.00
Officer
$0 $0 $0
Coty Bruender Treasurer 1.00
Officer
$0 $0 $0
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
2024 No data No data No data No data
2023 $278,001 $312,629 $1,480,770 $-34,628
2022 $391,421 $320,063 $1,344,681 $71,358
2021 $341,884 $267,592 $1,463,723 $74,292
2020 $155,806 $215,621 $1,250,975 $-59,815
2019 $364,981 $277,595 $1,124,169 $87,386
2018 $321,845 $233,678 $959,688 $88,167
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