MIDPLAINS COMM COLLEGE AREA FAC COR (EIN 263947286) - 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

2008

Legal Domicile

Principal Officer

Michael Owens

Tax Period

2023-07-01 to 2024-06-30

MIDPLAINS COMM COLLEGE AREA FAC COR, founded in 2008, is a small nonprofit in the Education sector that reported $451K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATIONS PRIMARY MISSION IS TO ADMINISTER THE BONDS ISSUED IN 2011 BY MID-PLAINS COMMUNITY COLLEGE AREA, A POLITICAL SUBDIVISION OF THE STATE OF NEBRASKA, FOR THE CONSTRUCTION OF BUILDINGS ON CAMPUS. THE ORGANIZATION LEASES THE BUILDINGS TO MID-PLAINS COMMUNITY COLLEGE.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $450,710

TOTAL REVENUE $450,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $450,710

Other Expenses $450,710

TOTAL EXPENSES $450,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$450,710	$447,396	+0.0%
Expenses	$450,710	$447,396	+0.0%
Net Income	$0	N/A	N/A

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 Owens	President	1.00	Officer Director	$0	$0	$0
Louis Stithem	Secretary Treasurer	1.00	Officer Director	$0	$0	$0
Dale Wahlgren	Vice President	1.00	Officer 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	$450,710	$450,710	$3,125,000	No data
2023	$447,396	$447,396	$3,620,780	No data
2022	$444,916	$444,916	$3,960,000	No data
2021	$476,678	$476,678	$4,370,000	No data
2020	$498,271	$498,271	$4,625,000	No data
2019	$480,777	$480,777	$4,980,000	No data

MIDPLAINS COMM COLLEGE AREA FAC COR