Mid-West Portfolio Corporation

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Principal Officer

LEE PHEGLEY

Tax Period

2019-07-01 to 2020-06-30

Mid-West Portfolio Corporation, founded in 1998, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2019. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 92% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1

Mid-West Portfolio Corporation operates as a title holding corporation within the meaning of IRC Section 501(C)(25) and holds title to real property on behalf of Iowa Public Employees' Retirement...

Mid-West Portfolio Corporation operates as a title holding corporation within the meaning of IRC Section 501(C)(25) and holds title to real property on behalf of Iowa Public Employees' Retirement System. THE ORGANIZATION COLLECTS THE INCOME FROM THE PROPERTY AND REMITS IT TO THE RETIREMENT SYSTEM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $465

Other Revenue $5,704,013

TOTAL REVENUE $5,704,478

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $445,051

TOTAL EXPENSES $445,051

Year-over-Year Comparison

	2019	2018	Change
Revenue	$5,704,478	$4,503,040	+0.3%
Expenses	$445,051	$334,105	+0.3%
Net Income	$5,259,427	$4,168,935	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KIRBY	PRESIDENT	1.0	Officer	$0	$0	$0
JASON W GEER	VP/SEC	1.0	Officer	$0	$0	$0
BERT J CROUCH	VP/ASST SEC	1.0	Officer	$0	$0	$0
R LEE PHEGLEY JR	VP/ASST SEC	1.0	Officer	$0	$0	$0
HALEY WALDRON	TREASURER/ASST SEC	1.0	Officer	$0	$0	$0
CAIN KIRK	VP/ASST SEC	1.0	Officer	$0	$0	$0
JEFF CAVANAUGH	VP/ASST SEC	1.0	Officer	$0	$0	$0
CHRIS CLEGHORN	VP/ASST SEC	1.0	Officer	$0	$0	$0
JACKSON LAPIN	VP/ASST SEC	1.0	Officer	$0	$0	$0
PETER FEINBERG	VP/ASST SEC	1.0	Officer	$0	$0	$0
DUNCAN WALKER	VP/ASST SEC	1.0	Officer	$0	$0	$0
KEVIN PIROZZOLI	VP/ASST SEC	1.0	Officer	$0	$0	$0
PERRY CHUDNOFF	VP/ASST SEC	1.0	Officer	$0	$0	$0
TOM HURST	VP/ASST SEC	1.0	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2020	$5,704,478	$445,051	No data	$5,259,427
2019	$4,503,040	$334,105	$136,615,150	$4,168,935