THE MIDWEST ALLIANCE FOR PATIENT SAFETY (EIN 272552683) - 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

2010

Legal Domicile

Principal Officer

ARTHUR J WILHELMI

Phone

6302765400

Tax Period

2024-01-01 to 2024-12-31

THE MIDWEST ALLIANCE FOR PATIENT SAFETY, founded in 2010, is a small nonprofit in the Health Care sector that reported $647K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

THE MIDWEST ALLIANCE FOR PATIENT SAFETY FOCUSES ITS EFFORTS ON IMPROVING PATIENT SAFETY AND REDUCING HARM IN HEALTH CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $632,849

Investment Income $14,108

Other Revenue $0

TOTAL REVENUE $646,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,917

Fundraising Expenses $0

Program Expenses $604,752

Other Expenses $391,225

TOTAL EXPENSES $651,142

Year-over-Year Comparison

	2024	2023	Change
Revenue	$646,957	$801,964	-0.2%
Expenses	$651,142	$605,471	+0.1%
Net Income	$-4,185	$196,493	-1.0%

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

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

$2,873,771

Total Directors

$1,617,058

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTHUR J WILHELMI	CHAIRMAN/DIRECTOR	1.25	Officer Director	$0	$268,550	$1,617,058
RACHEL PRATHER RN	BOARD MEMBER	1.25	Director	$0	$0	$0
LINDSAY PRICE	BOARD MEMBER	1.25	Director	$0	$0	$0
LORI WIEGAND DNP	BOARD MEMBER	1.25	Director	$0	$0	$0
BETH RANKIN	BOARD MEMBER	1.25	Director	$0	$0	$0
MICHAEL RICHARDSON	BOARD MEMBER	1.25	Director	$0	$0	$0
BRIAN STEIN	BOARD MEMBER (UNTIL 12/31/24)	1.25	Director	$0	$0	$0
TERRI L ALLEN	TREASURER	2.00	Officer	$0	$46,801	$451,753
HELGA BRAKE	PRESIDENT	3.00	Officer	$0	$35,013	$306,255
KAREN HARRIS	SECRETARY	2.00	Officer	$0	$45,228	$498,705
CARRIE PINASCO	SENIOR DIRECTOR QUALITY & SAFETY	40.00	Highest	$0	$26,817	$160,613

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	$646,957	$651,142	$124,984	$-4,185
2023	$801,964	$605,471	$85,448	$196,493
2022	$745,475	$703,887	$462,422	$41,588
2021	$738,320	$633,914	$416,849	$104,406
2020	$673,270	$624,293	$214,559	$48,977
2019	$570,472	$709,658	$165,894	$-139,186
2018	$499,193	$645,263	$194,316	$-146,070

THE MIDWEST ALLIANCE FOR PATIENT SAFETY