MIDWEST ASSOC STUDENT FINANCIAL AID ADMINISTRATORS (EIN 341452645) - 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

1962

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

MIDWEST ASSOC STUDENT FINANCIAL AID ADMINISTRATORS, founded in 1962, is a small nonprofit that reported $363K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 21% operating margin.

Mission

TO PROMOTE AND PROVIDE TRAINING AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR THOSE INVOLVED WITH DELIVERY OF FINANCIAL AID TO COLLEGE STUDENTS; TO ADVOCATE AND SUPPORT FINANCIAL AID PROGRAMS; TO FACILITATE COMMUNICATION AND COORDINATION AMONG PROFESSIONAL ASSOCIATIONS

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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 $66,574

Program Service Revenue $293,869

Investment Income $31

Other Revenue $2,078

TOTAL REVENUE $362,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $212,210

Other Expenses $286,346

TOTAL EXPENSES $286,346

Year-over-Year Comparison

	2023	2022	Change
Revenue	$362,552	$292,068	+0.2%
Expenses	$286,346	$426,031	-0.3%
Net Income	$76,206	$-133,963	-1.6%

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

120

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
MEGAN WATSON	STATE REPRESENTATIVE	5.00	Director	$0	$0	$0
LOUIE KRAUSE	STATE REPRESENTATIVE	5.00	Director	$0	$0	$0
ELYSE WELLER	STATE REPRESENTATIVE	5.00	Director	$0	$0	$0
MELISSA VAN METER	DELEGATE	5.00	Director	$0	$0	$0
BRANDI MILLER	STATE REPRESENTATIVE	5.00	Director	$0	$0	$0
MANDY SLOWINSKI	STATE REPRESENTATIVE	5.00	Director	$0	$0	$0
CANDI FRAZIER	STATE REPRESENTATIVE	5.00	Director	$0	$0	$0
JAYME JARRETT	STATE REPRESENTATIVE	5.00	Director	$0	$0	$0
AMANDA CANTU	STATE REPRESENTATIVE	5.00	Director	$0	$0	$0
MATTHEW KEARNEY	STSTE REPRESENTATIVE	5.00	Director	$0	$0	$0
LAURA ROGERS	DELEGATE	5.00	Director	$0	$0	$0
HEIDI CARL	PAST PRESIDENT	5.00	Director	$0	$0	$0
ALISHA CEDERBERG	DELEGATE	5.00	Director	$0	$0	$0
MANDA RILEY	DELEGATE	5.00	Director	$0	$0	$0
BETSY JOHNSON	TREASURER	5.00	Officer Director	$0	$0	$0
CRAIG SLAUGHTER	PRESIDENT	5.00	Officer Director	$0	$0	$0
NATHANAEL LOHR	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
EMILY HAYNAM	TREASURER ELECT	5.00	Officer Director	$0	$0	$0
AMANDA FIJAL	PRESIDENT ELECT	5.00	Officer Director	$0	$0	$0
RENAE ARMENTROUT	SECRETARY	5.00	Officer 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	No data	No data	No data	No data
2023	$362,552	$286,346	$253,046	$76,206
2022	$292,068	$426,031	$176,840	$-133,963
2021	$206,085	$110,138	$310,803	$95,947
2019	$264,660	$249,831	$212,917	$14,829
2018	$253,464	$330,204	$198,088	$-76,740

MIDWEST ASSOC STUDENT FINANCIAL AID ADMINISTRATORS