THE MIDWEST CLINIC (EIN 362374225) - 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

1953

Legal Domicile

Principal Officer

GEORGE QUINLAN JR

Phone

6308616125

Tax Period

2024-01-01 to 2024-12-31

THE MIDWEST CLINIC, founded in 1953, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.3M in total revenue in fiscal year 2024.

Mission

THE MIDWEST CLINIC EXISTS TO RAISE THE STANDARDS OF MUSIC EDUCATION.

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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 $102,920

Program Service Revenue $2,140,286

Investment Income $51,034

Other Revenue $0

TOTAL REVENUE $2,294,240

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $177,625

Fundraising Expenses $0

Program Expenses $2,011,932

Other Expenses $2,112,308

TOTAL EXPENSES $2,291,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,294,240	$2,387,410	0.0%
Expenses	$2,291,933	$2,227,567	+0.0%
Net Income	$2,307	$159,843	-1.0%

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

$148,464

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY C DORSEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN E CLINTON	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
J RICHARD DUNSCOMB	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
GEORGE QUINLAN JR	TREASURER	2.00	Officer Director	$0	$0	$0
ANTONIO J GARCIA	SECRETARY	2.00	Officer Director	$0	$0	$0
BRENDA BRENNER	DIRECTOR	1.00	Director	$0	$0	$0
PAULA A CRIDER	DIRECTOR	1.00	Director	$0	$0	$0
JOSE ANTONIO DIAZ	DIRECTOR	1.00	Director	$0	$0	$0
COREY L GRAVES	DIRECTOR	1.00	Director	$0	$0	$0
SOO HAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK KJOS	DIRECTOR	1.00	Director	$0	$0	$0
HERMAN KNOLL	DIRECTOR	1.00	Director	$0	$0	$0
MARY LAND	DIRECTOR	1.00	Director	$0	$0	$0
TIM LAUTZENHEISER	DIRECTOR	1.00	Director	$0	$0	$0
MARK LAYCOCK	DIRECTOR	1.00	Director	$0	$0	$0
LISA MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH B PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN SEDATOLE	DIRECTOR	1.00	Director	$0	$0	$0
DON ZENTZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN W BOWES	EX-OFFICIO	1.00	Director	$0	$0	$0
SAM HODSON	EX-OFFICIO	1.00	Director	$0	$0	$0
KELLY BELL	EXECUTIVE DIRECTOR	40.00	Officer	$148,464	$0	$148,464

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	$2,294,240	$2,291,933	$1,890,252	$2,307
2023	$2,387,410	$2,227,567	$1,894,122	$159,843
2022	$2,053,752	$2,046,477	$1,763,386	$7,275
2021	$1,838,412	$2,049,147	$1,577,442	$-210,735
2020	$306,840	$641,486	$1,275,783	$-334,646
2019	$2,103,574	$2,034,406	$1,978,947	$69,168
2018	$1,920,358	$2,067,470	$1,980,321	$-147,112

THE MIDWEST CLINIC