MIDWEST HEALTH FOUNDATION (EIN 352230515) - 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

2004

Legal Domicile

Principal Officer

MONICA REED MD

Phone

6303127504

Tax Period

2023-01-01 to 2023-12-31

MIDWEST HEALTH FOUNDATION, founded in 2004, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $456K, a strong 28% operating margin.

Mission

SUPPORT OF THREE AFFILIATED TAX-EXEMPT HOSPITAL ORGANIZATIONS AND ONE RELATED TAX-EXEMPT FOUNDATION ORGANIZATION.

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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 $462,766

Program Service Revenue $968,495

Investment Income $242,215

Other Revenue $-30,033

TOTAL REVENUE $1,643,443

Expense Breakdown

Grants Paid $957,671

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $957,671

Other Expenses $230,227

TOTAL EXPENSES $1,187,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,643,443	$1,158,270	+0.4%
Expenses	$1,187,898	$949,509	+0.3%
Net Income	$455,545	$208,761	+1.2%

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

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

$357,006

Total Directors

$357,006

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOEPKE MIKE	DIRECTOR/CHAIRMAN	3.00	Director	$0	$0	$0
THORDARSON THOR	DIR/PRESIDENT (ENDED 11/2023)	5.00	Officer Director	$0	$0	$0
BUCHANAN HERBERT	DIR/PRESIDENT (BEG PRES. 11/2023)	2.00	Officer Director	$0	$0	$0
EDL KEN	DIR/SECRETARY (BEGAN (08/2023)	2.00	Director	$0	$0	$0
FIASCONE KAREN	DIRECTOR	2.00	Director	$0	$0	$0
GUIDOTTI JOHN	DIRECTOR	2.00	Director	$0	$0	$0
HOU LINDA	DIRECTOR	2.00	Director	$0	$0	$0
MATHIS REBECCA	DIRECTOR/TREASURER	3.00	Director	$0	$0	$0
MAYCOCK ADAM	DIRECTOR	2.00	Director	$0	$0	$0
MORENO MEGHAN	DIRECTOR/VP	25.00	Officer Director	$159,560	$37,886	$357,006
MURPHY MARY	DIRECTOR	2.00	Director	$0	$0	$0
NOSEWORTHY GORDON	DIRECTOR (BEGAN 12/2023)	2.00	Director	$0	$0	$0
PHILLIPS MD RICHARD	DIR/SECRETARY (ENDED 07/2023)	2.00	Director	$0	$0	$0
POLLITT JAY	DIRECTOR/VICE CHAIR	2.00	Director	$0	$0	$0
RADIVOJEVIC VLADIMIR	DIRECTOR	2.00	Director	$0	$0	$0
WARING RANDY	DIRECTOR	3.00	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
2024	No data	No data	No data	No data
2023	$1,643,443	$1,187,898	$3,062,210	$455,545
2022	$1,158,270	$949,509	$3,145,815	$208,761
2021	$659,008	$668,214	$2,934,981	$-9,206
2020	$1,033,952	$851,076	$2,516,173	$182,876
2019	$1,200,145	$2,326,763	$1,993,371	$-1,126,618
2018	$97,970	$97,970	$206,959	No data

MIDWEST HEALTH FOUNDATION