MIDWAY STAR ACADEMY (EIN 300199049) - 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

2003

Legal Domicile

Principal Officer

Mohamed Warsame

Phone

6516420667

Tax Period

2023-07-01 to 2024-06-30

MIDWAY STAR ACADEMY, founded in 2003, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2023. Expenses of $8.7M left a modest 4% surplus.

Mission

MIDWAY STAR ACADEMY IS A TUITION-FREE K-8 PUBLIC CHARTER SCHOOL IN SAINT PAUL, MINNESOTA.

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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 $9,066,023

Program Service Revenue $0

Investment Income $47,893

Other Revenue $0

TOTAL REVENUE $9,113,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,886,762

Fundraising Expenses $0

Program Expenses $7,790,198

Other Expenses $3,860,052

TOTAL EXPENSES $8,746,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,113,916	$8,539,150	+0.1%
Expenses	$8,746,814	$7,170,807	+0.2%
Net Income	$367,102	$1,368,343	-0.7%

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

126

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

$191,045

Total Directors

$159,829

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mohamed Warsame	Ex-Officio	40	Officer	$164,804	$26,241	$191,045
Anna Hemstead	Member	40	Director	$61,105	$10,013	$71,118
Kaltoon Aded	Member	40	Director	$58,735	$9,110	$67,845
Ali Guled	Member	40	Director	$19,187	$1,679	$20,866
Abdiweli Mohamud	Chair	2	Officer Director	$0	$0	$0
Abdulkadir Abdalla	Treasurer	2	Officer Director	$0	$0	$0
Osman Ali	Secretary	2	Officer Director	$0	$0	$0
Amina Abdullahi	Member	2	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	$9,113,916	$8,746,814	$10,812,135	$367,102
2023	$8,539,150	$7,170,807	$10,543,188	$1,368,343
2022	$7,989,556	$6,717,992	$9,830,966	$1,271,564
2021	$7,342,476	$5,390,331	$3,481,770	$1,952,145
2020	$4,629,511	$4,946,177	$3,060,996	$-316,666
2019	$5,070,629	$4,602,128	$4,320,554	$468,501
2018	$4,927,431	$7,553,620	$5,358,712	$-2,626,189

MIDWAY STAR ACADEMY