Meningitis Foundation

EIN: 824203898 501(c)(3) Medical Research

Minneapolis, MN

Total Revenue
$463,834
Total Expenses
$133,168
Total Assets
$450,747
Net Assets
$450,747
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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
2018
Legal Domicile
MN
Principal Officer
David R Boulware
Phone
6126249996
Tax Period
2024-01-01 to 2024-12-31

Meningitis Foundation, founded in 2018, is a small nonprofit in the Medical Research sector that reported $464K in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $331K, a strong 71% operating margin.

Mission

Meningitis Foundation is established to as a scientific organization to support research into meningitis and to decrease the burden of meningitis worldwide.

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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 (2024)

Revenue Breakdown

Contributions & Grants $75,035
Program Service Revenue $387,036
Investment Income $1,763
Other Revenue $0
TOTAL REVENUE $463,834

Expense Breakdown

Grants Paid $56,904
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $132,817
Other Expenses $76,264
TOTAL EXPENSES $133,168

Year-over-Year Comparison

2024 2023 Change
Revenue $463,834 $259,203 +0.8%
Expenses $133,168 $203,300 -0.3%
Net Income $330,666 $55,903 +4.9%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Boulware President 004.00
Director
$0 $0 $0
Radha Rajasingham Trustee 002.00
Director
$0 $0 $0
David Meya Trustee 004.00
Director
$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
2025 No data No data No data No data
2024 $463,834 $133,168 $450,747 $330,666
2023 $259,203 $203,300 $66,468 $55,903
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