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Destination Medical Center Economic Development Agency
Community Development · Rochester, Minnesota
195 Broadway Ave S, Rochester, MN 55904-3806
EIN: 464893585· Founded: Jun 2015· 11 years active· Filing Year: 2023
Annual Revenue
$5.0M
Total Expenses
$4.9M
Total Assets
$960K
Program Spending
4%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$304K
6.2% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$875K
Total Payroll
$1.2M
24% of total expenses
Where the Money Goes
4%
Programs: 4%
Payroll: 24%
Other overhead: 96%
Program Revenue$190K (4%)
Total Expenses$4.9M (99%)
Payroll$1.2M (24%)
Overhead (non-program)96%
Trust Score Breakdown
Program Spending Ratio
4% of expenses go to programs
Revenue & Stability
$5.0M annual revenue
Executive Compensation
$304K total officer comp (6.2% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$960K in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.