MIDWEST ACADEMY INC (EIN 351890348) - 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

1996

Principal Officer

WAYNE KOTULIC

Phone

3178439500

Tax Period

2024-07-01 to 2025-06-30

MIDWEST ACADEMY INC, founded in 1996, is a community nonprofit in the Unknown sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.8M left a modest 5% surplus.

Mission

WE OFFER OUR STUDENTS A SMALL, ENGAGING EDUCATIONAL SETTING, AN INSPIRING PROGRESSIVE CURRICULUM AND A CULTURE FOCUSED ON THE DEVELOPMENT OF THE WHOLE CHILD.

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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 $675,111

Program Service Revenue $2,208,656

Investment Income $68,249

Other Revenue $930

TOTAL REVENUE $2,952,946

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,714,310

Fundraising Expenses $87,048

Program Expenses $2,239,227

Other Expenses $1,076,467

TOTAL EXPENSES $2,790,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,952,946	$2,556,255	+0.2%
Expenses	$2,790,777	$2,682,136	+0.0%
Net Income	$162,169	$-125,881	-2.3%

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

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

$256,319

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN GAILEY	HEAD OF SCHO	40.00	Officer	$223,993	$32,326	$256,319
TIFFANIE JOHNSON	TRUSTEE	2.00	Director	$0	$0	$0
SALLY TASSANI	TRUSTEE	2.00	Director	$0	$0	$0
WAYNE KOTULIC	PRESIDENT	2.00	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
2025	$2,952,946	$2,790,777	$5,186,605	$162,169
2024	No data	No data	No data	No data
2023	$2,195,222	$2,367,735	$4,924,572	$-172,513
2022	$2,313,465	$2,186,761	$4,939,872	$126,704
2021	$2,378,544	$2,085,941	$4,929,312	$292,603
2020	$2,038,438	$1,828,733	$4,787,786	$209,705
2019	$2,034,558	$1,817,425	$4,459,540	$217,133

MIDWEST ACADEMY INC