MIDWEST SUPPORT FOUNDATION INC

EIN: 141857868 501(c)(3) Community Improvement

INDIANAPOLIS, IN

Total Revenue
$2,709,252
Total Expenses
$29,363
Total Assets
$19,830,310
Net Assets
$17,597,907
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IN
Principal Officer
JANINE BETSEY
Phone
3172820220
Tax Period
2023-01-01 to 2023-12-31

MIDWEST SUPPORT FOUNDATION INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 472% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 99% operating margin.

Mission

THE EXEMPT PURPOSE OF THE CORPORATION IS TO EXCLUSIVELY BE ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING BUT NOT LIMITED TO, COMBATING COMMUNITY DETERIORATION BY DEVELOPING AND FOSTERING LOW-INCOME HOUSING, WHILE MAINTAINING THE HISTORIC FOUNDATION OF THE COMMUNITY, IN ORDER TO PROVIDE EDUCATIONAL, SOCIAL, AND CULTURAL SERVICES BASED ON COMMUNITY AND NEIGHBORHOOD NEEDS THROUGHOUT THE MIDWEST

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,338,346
Investment Income $220,728
Other Revenue $150,178
TOTAL REVENUE $2,709,252

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,218
Other Expenses $29,363
TOTAL EXPENSES $29,363

Year-over-Year Comparison

2023 2022 Change
Revenue $2,709,252 $473,300 +4.7%
Expenses $29,363 $167,701 -0.8%
Net Income $2,679,889 $305,599 +7.8%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
7
Independent Members
7
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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANINE BETSEY CHAIR / TREASURER 5.00
Officer Director
$0 $0 $0
KRISTEN DAVIS SECRETARY 5.00
Officer Director
$0 $0 $0
JAMES TAYLOR BOARD MEMBER 5.00
Director
$0 $0 $0
TRACY ALDRICH BOARD MEMBER 5.00
Director
$0 $0 $0
KEN BRETZ BOARD MEMBER 5.00
Director
$0 $0 $0
DUSTIN DETZLER BOARD MEMBER 5.00
Director
$0 $0 $0
AARON LASTER BOARD MEMBER 5.00
Director
$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
2024 No data No data No data No data
2023 $2,709,252 $29,363 $19,830,310 $2,679,889
2022 $473,300 $167,701 $17,449,030 $305,599
2021 $2,121,382 $1,033,904 $15,806,536 $1,087,478
2020 $657,941 $141,720 $15,541,504 $516,221
2019 $2,279,732 $1,550,203 $12,670,735 $729,529
2018 $132,577 $121,988 $32,234,227 $10,589
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