MID-STATES MINORITY SUPPLIES DEVELOPMENT COUNCIL INC (EIN 351466848) - 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

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.

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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

$197,820

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEVITICOUS CLEVELAND	CHAIR	1.00	Officer Director	$0	$0	$0
CAMILLE BLUNT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RACHAEL POWELL	SECTRETARY	1.00	Officer Director	$0	$0	$0
LEO LOPEZ	TREASURER	1.00	Officer Director	$0	$0	$0
NICK LUNN	MBEIC CHAIR	1.00	Officer Director	$0	$0	$0
FREEDOM SMITH	MEMBER	1.00	Director	$0	$0	$0
DENNIS TRUAX	MEMBER	1.00	Director	$0	$0	$0
BARIS KIYAR	MEMBER	1.00	Director	$0	$0	$0
ERIC BAILEY	MEMBER	1.00	Director	$0	$0	$0
JAMES DUKE	MEMBER	1.00	Director	$0	$0	$0
KATRINA SCOTT	MEMBER	1.00	Director	$0	$0	$0
DAVE COOK	MEMBER	1.00	Director	$0	$0	$0
RYAN GRIMM	MEMBER	1.00	Director	$0	$0	$0
SONYA SEEDER	MEMBER	1.00	Director	$0	$0	$0
EMILY KOSCHNICK	MEMBER	1.00	Director	$0	$0	$0
LISA HARDIN	MEMBER	1.00	Director	$0	$0	$0
STEVE CORBITT	MEMBER	1.00	Director	$0	$0	$0
MICHELLE MORIN	MEMBER	1.00	Director	$0	$0	$0
DAVID HAMPTON	MEMBER	1.00	Director	$0	$0	$0
RICHARD MILLER	MEMBER	1.00	Director	$0	$0	$0
EILEEN QUIGLEY	MEMBER	1.00	Director	$0	$0	$0
HOLLI HARRINGTON	MEMBER	1.00	Director	$0	$0	$0
AMY CORTESE	MEMBER	1.00	Director	$0	$0	$0
DARRELL MORTON	MEMBER	1.00	Director	$0	$0	$0
DARYLE JOHNSON	VP OF STRATEGY	40.00	Officer Director	$118,382	$0	$118,382
DEMETRIUS GLOVER	CEO	40.00	Officer Director	$78,125	$1,313	$79,438

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	No data	No data	No data	No data
2023	$1,036,627	$1,109,578	$1,604,940	$-72,951
2022	$884,693	$1,159,204	$1,699,795	$-274,511
2021	$1,227,768	$971,842	$1,698,350	$255,926
2020	$1,000,726	$600,479	$1,806,136	$400,247
2020	$1,000,726	$580,479	$1,826,136	$420,247
2019	$786,081	$870,061	$1,047,117	$-83,980
2018	$897,082	$867,836	$1,110,725	$29,246

MID-STATES MINORITY SUPPLIES DEVELOPMENT COUNCIL INC