MID-STATES MINORITY SUPPLIES DEVEL… - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

DEMETRIUS GLOVER

Phone

3179232110

Tax Period

2023-01-01 to 2023-12-31

MID-STATES MINORITY SUPPLIES DEVELOPMENT COUNCIL INC, founded in 1979, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

THE PRIMARY MISSION OF MID-STATES MINORITY SUPPLIER DEVELOPMENT COUNCIL (MID-STATES MSDC) IS TO PROMOTE AND CULTIVATE SUCCESSFUL MINORITY ENTERPRISES WITHIN THE CENTRAL ILLINOIS, INDIANA AND EASTERN MISSOURI BUSINESS COMMUNITIES. THE MID-STATES MSDC SERVES AS AN ADVOCATE FOR THE ECONOMIC WELL-BEING AND GROWTH OF CERTIFIED MDES, WHILE ALSO PROVIDING A DIRECT CONNECTION FOR CORPORATIONS WHO ARE COMMITTED TO PURCHASING PRODUCTS AND SERVICES FROM MID-STATES MSDC-CERTIFIED MBES. THE MID-STATES MSDC IS AN AFFILIATE OF THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL (NMSDC), AND ONE OF THE 24 REGIONAL COUNCILS OPERATING IN THE UNITED STATES. THE COUNCIL WAS CREATED BY THE INDIANAPOLIS BUSINESS COMMUNITY IN THE MID '70S TO ADDRESS AND SUPPORT MINORITY BUSINESS DEVELOPMENT. THROUGH THE DEDICATION AND CONTINUING SUPPORT OF ITS ORIGINAL FOUNDERS, THE INDIANA REGIONAL PURCHASING COUNCIL (IRPC) AS IT WAS INITIALLY NAMES, BECAME THE INDIANA REGIONAL MINORITY PURCHASING COUNCIL (IRMPC), FOLLOWED BY THE INDIANA REGIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL (IRMSDC), THE INDIANA BUSINESS DIVERSITY COUNCIL (IBDC), INDIANA MINORITY SUPPLIER DEVELOPMENT COUNCIL (IMSDC) AND NOW, THE MID-STATES MINORITY SUPPLIER DEVELOPMENT COUNCIL (MID-STATES MSDC). THE SUCCESSIVE NAME CHANGES REFLECT INCREASING SCOPE OF PROGRAMS AND SERVICES MADE AVAILABLE TO THE MINORITY BUSINESS COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $313,769 Revenue: $19,728

THE MID-STATES MSDC IS SUPPORTED BY THE CORPORATE MEMBERSHIP DUES, CONTRIBUTIONS, AND BY FUNDING FROM THE NMSDC. HOW WE HELP OFTEN, BRINGING TOGETHER CORPORATE AND MINORITY BUSINESSES IS SIMPLY A...

THE MID-STATES MSDC IS SUPPORTED BY THE CORPORATE MEMBERSHIP DUES, CONTRIBUTIONS, AND BY FUNDING FROM THE NMSDC. HOW WE HELP OFTEN, BRINGING TOGETHER CORPORATE AND MINORITY BUSINESSES IS SIMPLY A COMMUNICATION ISSUE. MEMBERSHIP IN THE COUNCIL HELPS TO SOLVE THAT PROBLEM BY PROVIDING THE VEHICLE FOR EFFECTIVE NETWORKING AND COMMUNICATION. MANY ACTIVITIES AND PROGRAMS OF THE COUNCIL ARE DESIGNED TO BRING BUYERS AND SELLERS TOGETHER TO DISCUSS BUSINESS PROBLEMS AND SHARE KNOWLEDGE. BELONGING TO THE MID-STATES MSDC IS GOOD FOR BUSINESSES BECAUSE A SOUND MINORITY PURCHASING PROGRAM INCREASES THE QUALITY AND DEPTH OF AN ORGANIZATION'S SUPPLIER BASE. IT IS GOOD FOR THE LOCAL ECONOMY BECAUSE INCREASED MINORITY PURCHASING EQUATES TO THE GROWTH OF SMALL COMPANIES AND INCREASED LOCAL EMPLOYMENT. THE COUNCIL WORKS CLOSELY WITH OTHER ORGANIZATIONS SERVING THE NEEDS OF THE MAJORITY AND THE MINORITY BUSINESS COMMUNITY. THROUGHOUT ITS 39 YEAR HISTORY THE COUNCIL HAS FACILITATED MORE THAN $10 BILLION IN PURCHASES OF GOODS AND SERVICES FROM THE MINORITY BUSINESS COMMUNITY BY AMERICA'S MAJOR CORPORATIONS. THE ORGANIZATION RELIES ON REVENUE GENERATED FROM FUNDRAISING EVENTS, EDUCATIONAL PROGRAMS, MEMBERSHIP DUES AND GRANTS. WE PLAN AND HOST FOUR MAJOR NETWORKING EVENTS ANNUALLY INCLUDING A MINORITY BUSINESS TRADESHOW, TWO GOLF OUTINGS AND AN ANNUAL DINNER AND AWARDS GALA. IN ADDITION, WE OFFER PREMIER WORKSHOPS AND SEMINARS TO FURTHER DEVELOP MINORITY BUSINESSES AND TO EDUCATE MINORITY CORPORATIONS.

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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 $883,187

Program Service Revenue $0

Investment Income $15,045

Other Revenue $138,395

TOTAL REVENUE $1,036,627

Expense Breakdown

Grants Paid $500

Salaries & Benefits $376,514

Fundraising Expenses $140,877

Program Expenses $313,769

Other Expenses $732,564

TOTAL EXPENSES $1,109,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,036,627	$884,693	+0.2%
Expenses	$1,109,578	$1,159,204	0.0%
Net Income	$-72,951	$-274,511	-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

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

$197,820

Total Directors