FIRST MIDWEST CHARITABLE TRUST XXX-XX-XXXX (EIN 266654290) - 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

OLD NATIONAL WEALTH MGMT

Phone

8008300362

Tax Period

2023-01-01 to 2023-12-31

FIRST MIDWEST CHARITABLE TRUST XXX-XX-XXXX, founded in 2008, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $640K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $914K exceeded revenue, resulting in a 43% operating deficit.

Mission

THE FIRST MIDWEST CHARITABLE TRUST IS DEDICATED TO INCREASING CHARITABLE GIVING BY PROVIDING ADVANTAGEOUS WAYS TO MAKE LASTING GIFTS. THE FOCUS OF THE TRUST IS TO BE A SPONSORING ORGANIZATION FOR DONOR ADVISED FUNDS.

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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 $252,823

Program Service Revenue $0

Investment Income $386,766

Other Revenue $0

TOTAL REVENUE $639,589

Expense Breakdown

Grants Paid $823,183

Salaries & Benefits $89,954

Fundraising Expenses $0

Program Expenses $914,005

Other Expenses $868

TOTAL EXPENSES $914,005

Year-over-Year Comparison

	2023	2022	Change
Revenue	$639,589	$551,093	+0.2%
Expenses	$914,005	$1,142,016	-0.2%
Net Income	$-274,416	$-590,923	-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

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
N/A	TRUSTEE	5.0		$89,954	$0	$89,954

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	$639,589	$914,005	$10,665,076	$-274,416
2022	$551,093	$1,142,016	$11,815,649	$-590,923
2021	$4,662,671	$1,220,577	$12,493,601	$3,442,094
2020	$2,371,011	$1,541,283	$9,010,669	$829,728

FIRST MIDWEST CHARITABLE TRUST XXX-XX-XXXX