MIDCOR CORPORATION

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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

1983

Legal Domicile

Principal Officer

DOUG HAMILTON

Phone

8125696991

Tax Period

2021-01-01 to 2021-11-30

Mission

TO STIMULATE QUALITY ECONOMIC DEVELOPMENT TO RAISE THE STANDARD OF LIVING AND PROMOTE QUALITY OF LIFE IN JEFFERSON COUNTY

Program Service Accomplishments

Program 1

Expenses: $871

TO STIMULATE QUALITY ECONOMIC DEVELOPMENT TO RAISE THE STANDARD OF LIVING AND PROMOTE QUALITY OF LIFE IN JEFFERSON COUNTY (EDP)

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $871

Other Expenses $8,659

TOTAL EXPENSES $8,659

Year-over-Year Comparison

	2021	2020	Change
Revenue	N/A	$167	-1.0%
Expenses	$8,659	$15,449	-0.4%
Net Income	N/A	$-15,282	N/A

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

N/A

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
JEFF PHILLIPS	DIRECTOR	N/A	Director	$0	$0	$0
DUSTIN STEWART	DIRECTOR	N/A	Director	$0	$0	$0
KENTON WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
TAMMY CARNES	TREASURER/SE	N/A	Officer	$0	$0	$0
DOUG HAMILTON	PRESIDENT	N/A	Officer	$0	$0	$0
JEFF STUDEBAKER	VICE PRESIDE	N/A	Officer	$0	$0	$0
MATT WIRTH	EXECUTIVE DI	N/A	Officer	$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
2021	No data	$8,659	No data	No data
2020	$167	$15,449	$8,756	$-15,282
2019	$151,062	$131,355	$24,131	$19,707