SCommunity Improvement & Capacity BuildingEIN: 464893585· Ruling Year: 2015

Destination Medical Center Economic Development Agency

Rochester, Minnesota

BHealth Score
56B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

💰
$5.0M
Total Revenue
📊
$4.9M
Total Expenses
🏦
$246K
Net Assets
📋
$714K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+116.5%
Year-over-year change (2022 → 2023)
Net Margin
+0.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.05
Net assets divided by total expenses
Liabilities-to-Assets
74.4%
Total liabilities as % of total assets

Filing History

10 filings on record
YearRevenueExpensesAssets
2023$4,963,508116%$4,916,735107%$959,52272%
2022$2,292,6535%$2,378,66218%$557,00623%
2021$2,178,3841%$2,009,8277%$727,59881%
2020$2,150,23720%$2,172,03918%$402,08032%
2019$2,685,6436%$2,657,0676%$594,81573%
2018$2,532,20012%$2,512,84710%$343,41542%
2017$2,263,6039%$2,282,65716%$593,01134%
2016$2,069,22536%$1,974,05239%$440,90782%
2015$3,245,77434%$3,231,63745%$242,41780%
2014$4,898,473$5,886,058$1,240,984

Frequently Asked Questions

What does Destination Medical Center Economic Development Agency do?

Destination Medical Center Economic Development Agency is a community improvement & capacity building nonprofit organization based in Minnesota. It is classified under NTEE code S30 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Destination Medical Center Economic Development Agency financially healthy?

Based on our 9-metric Financial Health Score model, Destination Medical Center Economic Development Agency has a score of 56/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Destination Medical Center Economic Development Agency generate?

Destination Medical Center Economic Development Agency reports $4.3M in annual revenue and holds $1.3M in total assets, based on IRS filings.

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