MIDLAND FOUNDATION (EIN 222424471) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

SHAWN MCINERNEY

Phone

9087227210

Tax Period

2022-07-01 to 2023-06-30

MIDLAND FOUNDATION, founded in 1982, is a small nonprofit in the Education sector that reported $789K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $295K, a strong 37% operating margin.

Mission

THE MIDLAND FOUNDATION RAISES FUNDS TO SUPPORT THE PROGRAMS AND SERVICES OF THE MIDLAND CORPORATION. MIDLAND PROVIDES A LIFETIME OF CARING FOR INDIVIVUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $721,657

Program Service Revenue $0

Investment Income $23,939

Other Revenue $43,766

TOTAL REVENUE $789,362

Expense Breakdown

Grants Paid $187,639

Salaries & Benefits $225,502

Fundraising Expenses $203,013

Program Expenses $187,639

Other Expenses $80,963

TOTAL EXPENSES $494,104

Year-over-Year Comparison

	2022	2021	Change
Revenue	$789,362	$665,803	+0.2%
Expenses	$494,104	$660,268	-0.3%
Net Income	$295,258	$5,535	+52.3%

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

Volunteers

100

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

$514,848

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGG SWEETMAN	FINANCIAL DIREC	40.00	Officer	$0	$42,154	$232,923
SHAWN MCINERNEY	President/CEO	40.00	Officer	$0	$5,738	$203,375
GAIL RUSSELL	DEV. DIRECTOR	40.00		$113,339	$22,374	$135,713
STACEY CARR	Secretary	40.00	Officer	$0	$17,697	$78,550
GEOFFREY K ALLEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PETER LEGA	Trustee	0.50	Director	$0	$0	$0
JOHN CUNNINGHAM	Trustee	0.50	Director	$0	$0	$0
LENORE DUNN	Trustee	0.50	Director	$0	$0	$0
JENN JOHNSON	Trustee	0.50	Director	$0	$0	$0
KRASMIRA HRISTOV	Trustee	0.50	Director	$0	$0	$0
PETER PHILLIPS SR	Vice Chair	1.00	Officer Director	$0	$0	$0
ANDY NOWACK	Trustee	0.50	Director	$0	$0	$0
KATHERINE VALASEK	Trustee	0.50	Director	$0	$0	$0
MARY T REHUS	Trustee	0.50	Director	$0	$0	$0
THERESA SCHEUBLE	Trustee	0.50	Director	$0	$0	$0
FRANK SETTIPANI	Trustee	0.50	Director	$0	$0	$0
JOHN TEGELER	Trustee	0.50	Director	$0	$0	$0
SUSAN LODGE	Trustee	0.50	Director	$0	$0	$0
SHARON STAMM-ZELDIS	Trustee	0.50	Director	$0	$0	$0
SANDY LOPICCOLO	Trustee	0.50	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$789,362	$494,104	$2,913,384	$295,258
2022	$665,803	$660,268	$2,591,554	$5,535
2021	$679,022	$591,048	$2,935,212	$87,974
2020	$759,334	$637,764	$2,605,603	$121,570
2019	$1,524,025	$1,000,657	$2,837,849	$523,368
2018	$655,324	$765,104	$2,153,780	$-109,780

MIDLAND FOUNDATION