Charity Search / MIDWEST CARDIOVASCULAR RESEARCH AND EDUCATION FOUNDATION
Medical Research (H43) 990 on File

MIDWEST CARDIOVASCULAR RESEARCH AND EDUCATION FOUNDATION

EIN: 56-2394304 · ELKHART, IN 46514-2487 · United States · FY 2025 Data
2 out of 5 35 / 100 Based on 2+ years of filings
Financial strength (30%) 64/100
Reliability (20%) 55/100
Effectiveness (25%) 21/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2025
$633K
Total Revenue
$409K
Total Expenses
$566K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 7.2%
Fundraising Efficiency N/A
Operating Reserve 16.62x
Liability-to-Asset 0.0%
Revenue Diversification 2.1%
Executive Compensation $0
Compared with Peers
FY 2025
Compared with 300 similar organizations (United States, Medical Research, $100K–$1M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
7.2% 84.6%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
16.6 mo 11.7 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
2.1% 92.2%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
58.8% 3.4%
P10P90
Expense growth
Year over year expense growth
-1.7% 7.5%
P10P90
Surplus margin
Surplus as a share of revenue
35.5% -1.6%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $633K $409K $566K 7.2% —
2024 $399K $416K $341K 4.3% —
2023 $404K $326K $358K 3.8% —
2022 $387K $320K $280K 1.1% —
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Organization Details
EIN
56-2394304
State
IN
City
ELKHART
ZIP
46514-2487
Classification
H43
Category
Medical Research
Rating
2★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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