MIDLAND ADULT SERVICES INC (EIN 223362433) - 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

2000

Legal Domicile

Principal Officer

SHAWN MCINERNEY

Phone

9087228223

Tax Period

2023-07-01 to 2024-06-30

MIDLAND ADULT SERVICES INC, founded in 2000, is a mid-sized nonprofit in the Human Services sector that reported $11.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

MIDLAND ADULT SERVICES FOCUSES ON THE TRANSITION FROM SCHOOL TO ADULT LIFE BY PROVIDING RESIDENTIAL HOUSING, COMMUNITY AND LIFE SKILLS TRAINING, JOB TRAINING AND PLACEMENT, DAY AND SOCIAL/RECREATIONAL EXPERIENCES TO SUPPORT AND ENRICH THE LIVES OF ADULTS WITH 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 (2023)

Revenue Breakdown

Contributions & Grants $1,166,285

Program Service Revenue $10,092,605

Investment Income $64,344

Other Revenue $0

TOTAL REVENUE $11,323,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,838,012

Fundraising Expenses $0

Program Expenses $10,486,927

Other Expenses $1,901,787

TOTAL EXPENSES $11,739,799

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,323,234	$9,828,510	+0.2%
Expenses	$11,739,799	$10,600,774	+0.1%
Net Income	$-416,565	$-772,264	-0.5%

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

258

Volunteers

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

$562,599

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGG SWEETMAN	FINANCIAL DIREC	5.00	Officer	$0	$49,467	$264,734
SHAWN MCINERNEY	PRESIDENT / CEO	5.00	Officer	$0	$6,025	$210,945
WILLIAM LIBERATORE	DIRECT EMPLOY SERV	40.00		$101,104	$43,307	$144,411
STACEY CARR	SECRETARY	5.00	Officer	$0	$24,190	$86,920
GEOFFREY K ALLEN	Chairman	1.00	Officer Director	$0	$0	$0
JOHN CUNNINGHAM	Trustee	0.50	Director	$0	$0	$0
LENORE DUNN	Trustee	0.50	Director	$0	$0	$0
SANDY LoPICCOLO	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 SETTIPANNI	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
PETE LEGA	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	$11,323,234	$11,739,799	$7,588,624	$-416,565
2023	$9,828,510	$10,600,774	$6,890,686	$-772,264
2022	$9,830,298	$9,208,412	$7,249,049	$621,886
2021	$9,594,188	$8,285,672	$7,017,799	$1,308,516
2020	$7,381,400	$7,341,821	$5,517,279	$39,579
2019	$7,789,214	$6,238,918	$5,074,079	$1,550,296
2018	$5,142,138	$5,585,221	$4,071,936	$-443,083

MIDLAND ADULT SERVICES INC