MIDLAND COLLEGE FOUNDATION (EIN 237315067) - 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

1973

Legal Domicile

Principal Officer

JEFFREY CHAMBERS CPA

Phone

4326847851

Tax Period

2023-01-01 to 2023-12-31

MIDLAND COLLEGE FOUNDATION, founded in 1973, is a community nonprofit in the Education sector that reported $5.5M in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $19.1M exceeded revenue, resulting in a 243% operating deficit.

Mission

MIDLAND COLLEGE FOUNDATION, INC. IS A NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE SUPPORT FOR THE EDUCATIONAL GOALS OF MIDLAND COLLEGE AND ITS STUDENTS.

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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 $3,254,593

Program Service Revenue $0

Investment Income $1,651,247

Other Revenue $642,892

TOTAL REVENUE $5,548,732

Expense Breakdown

Grants Paid $17,852,797

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,852,797

Other Expenses $1,203,478

TOTAL EXPENSES $19,056,275

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,548,732	$33,003,754	-0.8%
Expenses	$19,056,275	$16,689,584	+0.1%
Net Income	$-13,507,543	$16,314,170	-1.8%

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

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

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
ALBERT SHERMAN	DIRECTOR	1.00	Director	$0	$0	$0
ARNULFO CARRASCO MD	DIRECTOR	1.00	Director	$0	$0	$0
BJ BEAL	DIRECTOR	1.00	Director	$0	$0	$0
BECKY FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
CADELL LIEDTKE	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHIP SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DAMON KENNEDY	DIRECTOR	1.00	Director	$0	$0	$0
GARY DOUGLAS	DIRECTOR	1.00	Director	$0	$0	$0
H JOSEPH DE COMPIENGNE	DIRECTOR	1.00	Director	$0	$0	$0
JACK BLAKE JR	DIRECTOR	1.00	Director	$0	$0	$0
JACK HARPER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NORWOOD	DIRECTOR	1.00	Director	$0	$0	$0
JULIA SWALLOW	DIRECTOR	1.00	Director	$0	$0	$0
JULIE EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
KARMEN H BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
LINDA COWDEN	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE OESTMANN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL MORROW	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD COATS	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT KIDWELL	DIRECTOR	1.00	Director	$0	$0	$0
TAYLOR MAYNE	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS STICE	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA MICHIE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DINGUS	DIRECTOR	1.00	Director	$0	$0	$0
WORD WILSON	DIRECTOR	1.00	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	$5,548,732	$19,056,275	$70,879,363	$-13,507,543
2022	$33,003,754	$16,689,584	$78,503,013	$16,314,170
2021	$5,413,638	$3,723,600	$75,368,297	$1,690,038
2020	$3,417,983	$7,154,072	$63,659,163	$-3,736,089
2019	$9,128,206	$6,659,349	$62,364,863	$2,468,857
2018	$5,594,497	$2,496,968	$53,446,524	$3,097,529

MIDLAND COLLEGE FOUNDATION