Central Minnesota Diagnostic INC

Tax-deductible

Milaca, MN501(c)(3)Since 1986HospitalsEIN 36-3397264Revenue $53.3M in FY2024

On file with the IRScmdi.orgPo Box 158, 56353-0158 · Milaca, MNTax-exempt since Apr 1986Hospital or medical research org — 170(b)(1)(A)(iii)

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To provide diagnostic services to certain Section 501(c)(3) hospital organizations engaging in healthcare activities.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $15.0M a year · 33% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$13.7M
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
40
of 42 voting members
Looks good: 40 of 42 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$53.3M
+10% vs prior year
Spent
$35.3M
To programs
96%
Net assets
$52.6M
By yearFY2020–FY2024
Revenue
$53.3M
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$37.9M
FY2021$45.2M
FY2022$44.6M
FY2023$48.6M
FY2024$53.3M
Expenses
$35.3M
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$26.7M
FY2021$29.3M
FY2022$30.8M
FY2023$32.8M
FY2024$35.3M
Net assets
$52.6M
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$39.9M
FY2021$44.0M
FY2022$44.7M
FY2023$50.1M
FY2024$52.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $33.9M Management & general 4% · $1.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

48 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director, New Jan 2023
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Central Minnesota Diagnostic INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides diagnostic imaging services, including scans and equipment placement, to nonprofit hospital organizations to support their healthcare activities.

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Provided by the organization

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1 program · $33.9M · in their own filed words · FY2024
01

To provide services listed in Section 501(e) of the code, primarily diagnostic imaging services, to certain section 501(c) (3) hospital organizations engaging in healthcare activities. In 2024 the organization provided in excess of 450,000 scans between ultrasound, mammography, CT, nuclear medicine, bone densitometry, and MRI services…

$33.9Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$53.3M
Ln 12
Fees for servicesLn 2g$52.5M
Investment incomeLn 3$813K
Money outPt IX
$35.3M
Ln 25
Programscol B$33.9M
Managementcol C$1.4M
Owns and owesPt X
$52.6M
net assets · Ln 32
Cash and savingsLn 1–2$8.2M
Total assetsLn 16$66.4M
LiabilitiesLn 26$13.7M
PeoplePt VI, VII
48
listed · VII A
PaidVII A0
Voting boardVI 1a42
IndependentVI 1b40
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$52.5M
Investment incomeLn 3$813K
Gains on assetsLn 7$162K
Total revenueLn 12$53.3M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$7.0M
Cash and savings togetherLn 1–2$8.2M
InvestmentsLn 11–13$10.4M
Land, buildings, equipmentLn 10c$40.7M
Other assetsLn 15$0
Total assetsLn 16$66.4M
LiabilitiesLn 26$13.7M
Net assetsLn 32$52.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$8.6M$8.2M
InvestmentsLn 11–13$9.9M$10.4M
Land, buildings, equipmentLn 10c$36.5M$40.7M
Total assetsLn 16$62.2M$66.4M
LiabilitiesLn 26$12.2M$13.7M
Net assetsLn 32$50.1M$52.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$9.8M$8.8M$1.0M
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$41K$41K
Other fees for servicesLn 11g$257K$140K$118K$0
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$4K$2K$3K
Information technologyLn 14$28K$28K
OccupancyLn 16$53K$33K$20K
TravelLn 17$619K$581K$38K
InterestLn 20$459K$459K
Depreciation, depletion and amortizationLn 22$12.0M$12.0M$29K
InsuranceLn 23$355K$323K$32K
Other expenses (24a–d)Ln 24$11.7M$11.7M$34K
All other expensesLn 24e−$82K−$100K$18K$0
Total functional expensesLn 25$35.3M$33.9M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $53.3M$35.3M$18.1M$52.6M 990 PDF
FY2023 $48.6M$32.8M$15.8M$50.1M 990 PDF
FY2022 $44.6M$30.8M$13.8M$44.7M 990 PDF
FY2021 $45.2M$29.3M$15.9M$44.0M 990 PDF
FY2020 $37.9M$26.7M$11.2M$39.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $53,328,827 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $47,899,036$52,515,962
I-10 Investment incomePrior year $817,370$812,865
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $48,716,406$53,328,827
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $32,789,929$35,265,220
I-18 Total expensesPrior year $32,789,929$35,265,220
I-19 Revenue less expensesPrior year $15,926,477$18,063,607
Part VI · Governance 40 of 42 board members independent, no flags
VI-1a Voting members of the governing body42
VI-1b Independent voting members40
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $53,328,827 across 6 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $52,515,962$52,515,962
VIII-3 Investment incomeExcluded from tax $650,810$650,810
VIII-7 Net gain or loss on sales of assetsExcluded from tax $162,055$162,055
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $52,515,962 · Unrelated business $0 · Excluded from tax $812,865$53,328,827
Part IX · Statement of functional expenses $35,265,220 across 14 lines filed
IX-11a Management feesPrograms $8,769,572 · Management $1,019,324$9,788,896
IX-11b Legal feesManagement $2,176$2,176
IX-11c Accounting feesManagement $41,282$41,282
IX-11g Other fees for servicesPrograms $139,612 · Management $117,686 · Fundraising $0$257,298
IX-12 Advertising and promotionManagement $9,181$9,181
IX-13 Office expensesPrograms $1,593 · Management $2,627$4,220
IX-14 Information technologyManagement $28,228$28,228
IX-16 OccupancyPrograms $32,934 · Management $20,300$53,234
IX-17 TravelPrograms $581,436 · Management $37,533$618,969
IX-20 InterestPrograms $459,162$459,162
IX-22 Depreciation, depletion and amortizationPrograms $11,978,939 · Management $29,035$12,007,974
IX-23 InsurancePrograms $323,164 · Management $32,205$355,369
IX-24 Other expenses (24a–d)Programs $11,687,384 · Management $33,763$11,721,147
IX-24e All other expensesPrograms −$100,288 · Management $18,372 · Fundraising $0−$81,916
IX-25 Total functional expensesPrograms $33,873,508 · Management $1,391,712 · Fundraising $0$35,265,220
Part X · Balance sheet $66,364,313 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,420,461$1,172,466
X-2 Savings and temporary cash investmentsStart of year $6,160,583$6,997,184
X-4 Accounts receivableStart of year $6,153,310$5,984,694
X-9 Prepaid expenses and deferred chargesStart of year $1,125,547$1,037,694
X-10c Land, buildings and equipment, netStart of year $36,463,658$40,738,172
X-11 Publicly traded securitiesStart of year $9,918,632$10,434,103
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $62,242,191$66,364,313
X-17 Accounts payable and accrued expensesStart of year $4,107,963$3,917,152
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $12,164,937$13,747,787
X-27 Net assets without donor restrictionsStart of year $50,077,254$52,616,526
X-32 Total net assets or fund balancesStart of year $50,077,254$52,616,526
X-33 Total liabilities and net assetsStart of year $62,242,191$66,364,313
Part XI · Reconciliation of net assets $52,616,526 net assets at year end
XI-1 Total revenue$53,328,827
XI-2 Total expenses$35,265,220
XI-3 Revenue less expenses$18,063,607
XI-4 Net assets at start of year$50,077,254
XI-5 Net unrealized gains (losses) on investments$207,523
XI-9 Other changes in net assets−$15,731,858
XI-10 Net assets at end of year$52,616,526

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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