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Funding

Michigan · Nonprofit

THE CARDIAC INSTITUTE

THE CARDIAC INSTITUTE (Michigan) receives grants from 1 organization whose IRS filings report $410,681 to it, the largest being MCLAREN NORTHERN MICHIGAN FOUNDATION ($410,681). 1 of them have funded it in more than one year.

$64k
Revenue FY2024
1
Funders on record
$411k
Grants received
$1.2M
Net assets
1/1 repeat fundersgrants exceed reported revenue in one year

Against its field

THE CARDIAC INSTITUTE's revenue fell 76% between 2017 and 2024.

Operating margin100% · outside the comparable range
Months of reserve772187.4mo · outside the comparable range
Revenue growth (annualized)−18% · below the median

this organization peer median middle 50% of peers· 9,883 health nonprofits under $100k, FY2024

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($264k) Expenses 100 ($8.7M) Net assets -986 ($-6347739)2018 Revenue 21 ($56k) Expenses 0 ($0) Net assets 100 ($644k)2019 Revenue 44 ($117k) Expenses 0 ($3k) Net assets 118 ($758k)2020 Revenue 69 ($183k) Expenses 0 ($27k) Net assets 142 ($914k)2021 Revenue 5 ($13k) Expenses 0 ($3k) Net assets 144 ($924k)2022 Revenue 63 ($167k) Expenses 0 ($2k) Net assets 163 ($1.0M)2023 Revenue 28 ($73k) Expenses 0 ($1k) Net assets 174 ($1.1M)2024 Revenue 24 ($64k) Expenses 0 ($20) Net assets 184 ($1.2M)
'17'18'19'20'21'22'23'24
Revenue (24)Expenses (0)Net assets (184)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 100% · 2021 100%. Grants only. Government contracts and fees sit inside program revenue.

0% of THE CARDIAC INSTITUTE’s revenue is contributions — more earned-revenue than three-quarters of its peers (100% for the typical peer).

This organization
Typical peer · 12,162 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.

$8.5M
17
$56k
18
$114k
19
$156k
20
$10k
21
$165k
22
$72k
23
$64k
24
772187
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base held at 1 funder, grant income fell $109k → $100k.

Funder
'17
'18
'19
'21
'22
'23
total
funders
1
1
1
1
1
1

From the IRS filings of THE CARDIAC INSTITUTE’s funders (the co-funder graph). Association, not causation.

Where its funders are

100% of THE CARDIAC INSTITUTE's grant income comes from Michigan funders.

MI

In-state vs out-of-state, by year

17
18
19
21
22
23
Michigan out of state home

Funder states come from each funder’s own filing.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like THE CARDIAC INSTITUTE

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Michigan

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

0% of spending goes to programs.

Program 0%Management 100%Fundraising 0%

Governance

3
board members
0%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Footprint & structure

Files a return copy in 1 state

MI

Part of a family of 60 related entities

  • McLaren Bay Medical Foundation · exempt
  • McLaren Bay Region · exempt
  • Bay Regional Medical Center Auxiliary · exempt
  • McLaren Bay Special Care · exempt
  • McLaren Central Michigan · exempt

Screen this organization

A dated, signed PDF of the compliance screen for THE CARDIAC INSTITUTE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE CARDIAC INSTITUTE?
THE CARDIAC INSTITUTE (Michigan) receives grants from 1 organization whose IRS filings report $410,681 to it, the largest being MCLAREN NORTHERN MICHIGAN FOUNDATION ($410,681). 1 of them have funded it in more than one year.
How many funders does THE CARDIAC INSTITUTE have?
IRS filings report 1 organization giving $410,681 in grants to THE CARDIAC INSTITUTE, 1 of which have funded it in more than one year.
Who is the largest funder of THE CARDIAC INSTITUTE?
MCLAREN NORTHERN MICHIGAN FOUNDATION is the largest funder on record, with $410,681 in grants. The full list of funders is on this page.
How can an organization like THE CARDIAC INSTITUTE find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Michigan. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. What this page cannot tell you · view filing