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Minnesota · Nonprofit

TWIN CITIES HEART FOUNDATION

TWIN CITIES HEART FOUNDATION (Minnesota) receives grants from 1 organization whose IRS filings report $120,000 to it, the largest being THE MINNEAPOLIS FOUNDATION ($120,000). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$86k
Funders on record
1
Grants received
$120k
Net assets
$970k
1/1 repeat funderspeak grant-dependency 57%
01What it does

What Twin Cities Heart Foundation does

Mission

Investigate ways to make remote communications and monitoring of patients cost effective and practical. This includes evaluation of both traditional and novel uses of various audio, video and data acquisition systems for communication and monitoring of patients (I.e. Telemedicine, videoconferencing, and other audio, video and data acquisition and surveillance systems.), as well as evaluating the individual patient and public health impact of the side effects of various drugs and devices and performing cardiac research that leads to a better understanding of cardiac disease diagnosis, prevention and/or treatment. Presently, much of this research involves nonsurgical interventions and treatment of valvular heart disease.

As stated on its FY2024 Form 990.

Program

  1. Research projects: the Twin Cities Heart Foundation (tchf) mission is cardiovascular research and education. The organization has ongoing research projects and publications. Telemedicine & information systems: the Twin Cities Heart Foundation continues to assess the role of telemedicine, along with other remote monitoring and information systems, in the evaluation, diagnosis, monitoring and treatment of cardiovascular patients. The Twin Cities Heart Foundation also continues to evaluate the role that telemedicine (along with other monitoring and information systems) has in allowing the elderly cardiovascular patient to adequately care for themselves outside of a nursing home. Public health risk of medical devices and drugs: the Twin Cities Heart Foundation continues to evaluate the public health risk of various chemicals, drugs and/or medical devices. The organization does this through collaboration with st louis university medical school and university of minnesota medical school and others.

    $15,685 spent
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $15,685.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 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 = 20202020 Revenue 100 ($271k) Expenses 100 ($29k) Net assets 100 ($718k)2021 Revenue 6 ($17k) Expenses 210 ($60k) Net assets 129 ($927k)2022 Revenue 13 ($36k) Expenses 91 ($26k) Net assets 107 ($768k)2023 Revenue 161 ($436k) Expenses 67 ($19k) Net assets 132 ($952k)2024 Revenue 32 ($86k) Expenses 145 ($41k) Net assets 135 ($970k)
20202021202220232024
Revenue (32)Expenses (145)Net assets (135)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $718k to $927k (+29%).

$718k
$927k
$768k
$952k
$970k
20202021202220232024
Total assetsTotal liabilities

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.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

50% of TWIN CITIES HEART FOUNDATION’s revenue is contributions — about as donation-reliant as the typical peer (100% for the typical peer).

This organization
Typical peer · 12,214 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.

$243k
’20
−$43k
’21
$10k
’22
$417k
’23
$45k
’24
6.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

20202021202220232024
Listed88888
Joined·+0+0+0+0
No longer listed·0000
03Who funds it

Who funds it, year by year

2017 → 2022: the base held at 1 funder, grant income held at $10k.

Funder
'17
'18
'19
'20
'21
'22
'24*
'25*
total
funders
1
1
1
1
1
1
1
1

1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of TWIN CITIES HEART FOUNDATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of TWIN CITIES HEART FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.

Funder states come from each funder’s own filing. $120k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

TWIN CITIES HEART FOUNDATION runs a healthier operating margin than three-quarters of the 9,898 health nonprofits its size.

Operating margin52% · top quartile
Months of reserve6.3mo · below the median
Revenue growth (annualized)−25% · below the median

this organization peer median middle 50% of peers· 9,898 health nonprofits under $100k, FY2024

Organizations like TWIN CITIES HEART FOUNDATION

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

In Minnesota

Nationally

05Profile & governance

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

Where the money goes

38% of spending goes to programs.

Program 38%Management 62%Fundraising 0%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990–Audited financials

Public support

50%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MN

Screen this organization

A dated, signed PDF of the compliance screen for TWIN CITIES HEART FOUNDATION: 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.

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

Questions and answers

Who funds TWIN CITIES HEART FOUNDATION?
TWIN CITIES HEART FOUNDATION (Minnesota) receives grants from 1 organization whose IRS filings report $120,000 to it, the largest being THE MINNEAPOLIS FOUNDATION ($120,000). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does TWIN CITIES HEART FOUNDATION have?
IRS filings report 1 organization giving $120,000 in grants to TWIN CITIES HEART FOUNDATION, 1 of which have funded it in more than one year.
Who is the largest funder of TWIN CITIES HEART FOUNDATION?
THE MINNEAPOLIS FOUNDATION is the largest funder on record, with $120,000 in grants. The full list of funders is on this page.
How can an organization like TWIN CITIES HEART FOUNDATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Twin Cities Heart →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 1 funders 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. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing