Medica Foundation
Only null% goes to programs Strong reserves
Medica Foundation is a 501(c)(3) organization based in Minnetonka, Minnesota, registered in 1995, with $7,617,966 in FY2024 revenue. CharityIndex grades it B.
401 Carlson Parkway Cp 330, Minnetonka, MN, 55305 EIN 41-1812461 Since 1995
Revenue (FY2024)
$7.6M
▲ 27.1% vs prior year
Health median: $840K
Expenses (FY2024)
$3.5M
Net assets
$74.4M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Medica Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating254 mo reserves · +54% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Medica Foundation: 254 mo reserves · +54% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Medica Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Medica Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 401 Carlson Parkway Cp 330, Minnetonka, MN, 55305
- City
- Minnetonka
- State
- Minnesota
- Category
- Health Care
- Subcategory
- Public Health & Wellness
- Website
- …
Financial trends
Revenue grew from $323K (FY2013) to $7.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.8MNet assets $74.4M
Operating margin
53.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$76.2M
Total liabilities
$1.8M
Net assets
$74.4M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $7,617,966▲27.1% | $3,512,890▲24.0% | $74,427,460▲5.9% | $76,228,960▲7.6% | 990 |
| 2023 | $5,992,092▲21.1% | $2,833,682▲29.0% | $70,296,578▲16.7% | $70,831,578▲14.9% | 990 |
| 2022 | $4,948,323▼36.0% | $2,196,274▼39.6% | $60,227,758▼11.8% | $61,623,458▼13.0% | 990 |
| 2021 | $7,726,701▼40.8% | $3,636,077▼26.9% | $68,317,769▲8.7% | $70,871,769▲9.7% | 990 |
| 2020 | $13,054,845▲28.1% | $4,971,959▲97.5% | $62,855,900▲24.4% | $64,599,900▲23.3% | 990 |
| 2019 | $10,194,683▼19.5% | $2,517,205▲24.7% | $50,524,684▲32.8% | $52,383,395▲32.4% | 990 |
| 2018 | $12,666,309▲656% | $2,017,819▲11.4% | $38,042,182▲23.8% | $39,564,384▲23.7% | 990 |
| 2017 | $1,674,528▼49.4% | $1,811,951▲1.5% | $30,723,500▲9.4% | $31,977,835▲9.2% | 990 |
| 2016 | $3,310,399▼32.0% | $1,784,568▼14.0% | $28,086,878▲11.9% | $29,290,892▲10.4% | 990 |
| 2015 | $4,868,343▲435% | $2,074,986▲4.5% | $25,107,908▲4.9% | $26,540,615▲4.9% | 990 |
| 2014 | $909,756▲181% | $1,984,973▲10.1% | $23,928,595▼4.0% | $25,304,259▼4.8% | 990 |
| 2013 | $323,407 | $1,803,597▲4.8% | $24,932,048▼5.6% | $26,585,242▼5.7% | 990 |
| 2012 | — | $1,720,922▼36.9% | $26,400,678▲32.6% | $28,193,837▲28.0% | 990 |
| 2011 | — | $2,725,590▲58.1% | $19,915,465▲4.4% | $22,022,079▲8.7% | 990 |
| 2010 | — | $1,723,955 | $19,071,121 | $20,253,855 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $33.3M total
8 grants to Medica Foundation totaling $33.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Medica Health Plans | To support best practices of the organization. | 2023 | $3,500,000 |
| Medica Health Plans | To support best practices of the organization. | 2023 | $3,500,000 |
| Medica Health Plans | To support best practices of organization. | 2022 | $2,800,000 |
| Medica Health Plans | Program support | 2020 | $9,000,000 |
| Medica Health Plans | Program support program support | 2019 | $5,000,000 |
| Medica Health Plans | Program support | 2018 | $3,000,000 |
| Medica Health Plans | Support programs conducted by foundation | 2016 | $2,500,000 |
| Medica Health Plans | Support of the many programs conducted by the foundation. | 2015 | $4,000,000 |
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Frequently asked questions
- Is Medica Foundation a legitimate nonprofit?
- Yes. Medica Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1812461, based in Minnetonka, Minnesota. Donations are tax-deductible.
- What is Medica Foundation's EIN?
- Medica Foundation's Employer Identification Number (EIN) is 41-1812461.
- How much revenue does Medica Foundation report?
- Medica Foundation reported $7,617,966 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Medica Foundation have?
- CharityIndex grades Medica Foundation B, based on financial health (reserves and operating margin).
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Data for Medica Foundation (EIN 41-1812461) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.