MIDWEST HEALTH INITIATIVE (EIN 300491563) - 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

LAUREL PICKERING

Phone

3147217800

Tax Period

2024-05-01 to 2025-04-30

MIDWEST HEALTH INITIATIVE, founded in 2008, is a small nonprofit in the Medical Research sector that reported $534K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $654K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE A FORUM WHERE TRUSTED INFORMATION AND SHARED RESPONSIBILITY ARE USED TO IMPROVE HEALTH AND THE QUALITY AND AFFORDABILITY OF 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 $354,275

Program Service Revenue $173,500

Investment Income $6,562

Other Revenue $0

TOTAL REVENUE $534,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,513

Fundraising Expenses $5,895

Program Expenses $564,471

Other Expenses $457,545

TOTAL EXPENSES $654,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$534,337	$785,193	-0.3%
Expenses	$654,058	$644,965	+0.0%
Net Income	$-119,721	$140,228	-1.9%

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
LOUISE PROBST	EXECUTIVE DIRECTOR	0.00		$0	$8,851	$171,082
LAUREL PICKERING	PRESIDENT & CEO	0.00		$0	$12,062	$160,314
KELCI HANNAN	RESEARCH DIRECTOR	0.00		$0	$16,546	$122,761
DAVE HEATON	PHARMACY DIRECTOR	0.00		$0	$13,815	$104,569
BEVERLY PROPST	Imm. Past Chair	1.30	Officer Director	$0	$0	$0
LINDA BRADY	Chair	1.30	Officer Director	$0	$0	$0
DAVE TOBEN	Director	0.50	Director	$0	$0	$0
JAKE ERICKSON	Director	0.50	Director	$0	$0	$0
DAVE THOMPSON	Director	0.50	Director	$0	$0	$0
CHIP CHAMBERS MD MPH	Director	0.50	Director	$0	$0	$0
JC MCWILLIAMS	Member-at-Large	0.50	Director	$0	$0	$0
BOB PENDLETON MD	Director	0.50	Director	$0	$0	$0
EDWARD ELLERBECK MD MPH	Director	0.50	Director	$0	$0	$0
DAVE COOK	Member-at-Large	0.50	Director	$0	$0	$0
MARK DALTON	Director	0.50	Director	$0	$0	$0
ALLISON RAJARATNAM MPH CPH	Director	0.50	Director	$0	$0	$0
JOHN ZIEGLER	Member-at-Large	0.50	Director	$0	$0	$0
JOHN LYDAY	Director	0.50	Director	$0	$0	$0
HEIDI MILLER MD	Director	0.50	Director	$0	$0	$0
KIRK MATHEWS	Director	0.50	Director	$0	$0	$0
ERIC ARMBRECHT PhD MS	Director	0.50	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	$534,337	$654,058	$295,303	$-119,721
2024	$785,193	$644,965	$415,024	$140,228
2023	$687,222	$709,858	$274,796	$-22,636
2022	$766,326	$682,599	$297,432	$83,727
2021	$644,079	$583,278	$213,705	$60,801
2020	$537,041	$744,781	$152,904	$-207,740
2019	$539,355	$685,325	$360,644	$-145,970
2018	$671,466	$726,349	$506,614	$-54,883

MIDWEST HEALTH INITIATIVE