MIDWESTERN GOVERNORS ASSOCIATION

EIN: 274862860 501(c)(3) Public & Societal Benefit

WASHINGTON, DC

Total Revenue
$1,131,836
Total Expenses
$737,154
Total Assets
$912,774
Net Assets
$912,774
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
DC
Principal Officer
JESSE HEIER
Phone
2025677690
Tax Period
2024-01-01 to 2024-12-31

MIDWESTERN GOVERNORS ASSOCIATION, founded in 2011, is a community nonprofit in the Public & Societal Benefit sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 347% from the prior year, signaling strong growth momentum. The organization ran a surplus of $395K, a strong 35% operating margin.

Mission

TO BRING TOGETHER GOVERNORS AND THEIR STAFF TO WORK COOPERATIVELY ON PUBLIC POLICY ISSUES OF SIGNIFICANCE TO THE REGION. MGA PROVIDES MEMBERSHIP OPPORTUNITIES TO ORGANIZATIONS TO SUPPORT ACTIVITIES AND EVENTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $991,126
Program Service Revenue $124,373
Investment Income $16,337
Other Revenue $0
TOTAL REVENUE $1,131,836

Expense Breakdown

Grants Paid $0
Salaries & Benefits $344,498
Fundraising Expenses $0
Program Expenses $660,917
Other Expenses $392,656
TOTAL EXPENSES $737,154

Year-over-Year Comparison

2024 2023 Change
Revenue $1,131,836 $253,484 +3.5%
Expenses $737,154 $270,637 +1.7%
Net Income $394,682 $-17,153 -24.0%
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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Governance

Voting Members
12
Independent Members
12
Employees
2
Volunteers
13

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
4
$164,092
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JESSE HEIER EXECUTIVE DIRECTOR 40.00
Officer
$131,017 $33,075 $164,092
JEFFREY EWART DEPUTY DIRECTOR 40.00
Highest
$123,635 $21,440 $145,075
JB PRITZKER CHAIR 1.00
Officer Director
$0 $0 $0
TIM WALZ IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
KIM REYNOLDS TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL PARSON BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC HOLCOMB BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA KELLY BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE DEWINE BOARD MEMBER 1.00
Director
$0 $0 $0
GRETCHEN WHITMER BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTI NOEM BOARD MEMBER 1.00
Director
$0 $0 $0
TONY EVERS BOARD MEMBER 1.00
Director
$0 $0 $0
JIM PILLEN BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY ARMSTRONG BOARD MEMBER AS OF DECEMBER 1.00
Director
$0 $0 $0
DOUG BURGUM BOARD MEMBER UNTIL DECEMBER 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 $1,131,836 $737,154 $912,774 $394,682
2023 $253,484 $270,637 $518,092 $-17,153
2022 $391,876 $197,658 $540,913 $194,218
2021 $326,686 $154,666 $406,901 $172,020
2019 $352,134 $360,032 $273,471 $-7,898
2018 $356,668 $345,466 $264,426 $11,202
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