Midwest Business Group on Health (EIN 363059249) - 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

1980

Legal Domicile

Principal Officer

Cheryl Larson

Phone

3123729090

Tax Period

2023-01-01 to 2023-12-31

Midwest Business Group on Health, founded in 1980, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 4% surplus.

Mission

THE CORPORATION OPERATES EXCLUSIVELY FOR EDUCATIONAL AND SCIENTIFIC PURPOSES, CONCENTRATING ON THE IMPLICATIONS AND CONSEQUENCES OF EMPLOYER SPONSORSHIP OF HEALTH CARE BENEFIT PLANS AND HEALTH IMPROVEMENT PROGRAMS.

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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 $804,735

Program Service Revenue $973,498

Investment Income $47,332

Other Revenue $13,166

TOTAL REVENUE $1,838,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $955,371

Fundraising Expenses $82,258

Program Expenses $1,364,919

Other Expenses $811,641

TOTAL EXPENSES $1,767,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,838,731	$1,544,698	+0.2%
Expenses	$1,767,012	$1,539,675	+0.1%
Net Income	$71,719	$5,023	+13.3%

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

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

$207,470

Total Directors

$207,470

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL LARSON	BOARD PRESIDENT	040.00	Officer Director	$207,470	$0	$207,470
KAREN JAFFEE COFSKY	BOARD MEMBER	012.00	Director	$0	$0	$0
CAROL PARTINGTON	TREASURER	016.00	Officer Director	$0	$0	$0
TARA SHERMAN	BOARD SECRETARY	016.00	Officer Director	$0	$0	$0
MARILYN BARTLETT	BOARD MEMBER	012.00	Director	$0	$0	$0
FRANK JANECEK	BOARD MEMBER	012.00	Director	$0	$0	$0
ALEX JUNG	BOARD MEMBER	012.00	Director	$0	$0	$0
CAROLE MENDOZA	BOARD MEMBER	016.00	Director	$0	$0	$0
REBECCA LUEKEN-STEWART	BOARD MEMBER	012.00	Director	$0	$0	$0
STEVEN SCHLANGE	BOARD MEMBER	012.00	Director	$0	$0	$0
SHERRI SAMUELS-FUERST	VICE CHAIR	016.00	Officer Director	$0	$0	$0
TERESA FLESCH	BOARD MEMBER	006.00	Director	$0	$0	$0
PAMELA HANNON	BOARD CHAIR	016.00	Officer Director	$0	$0	$0
NICOLE MARTEL	BOARD MEMBER	012.00	Director	$0	$0	$0
STEVEN SFIKAS	BOARD MEMBER	012.00	Director	$0	$0	$0
JOE TONIOLO	BOARD MEMBER	012.00	Director	$0	$0	$0
WENDY MCLAURIN	BOARD MEMBER	012.00	Director	$0	$0	$0
HEATHER DENKERT	BOARD MEMBER	012.00	Director	$0	$0	$0
JASON DUHON	BOARD MEMBER	012.00	Director	$0	$0	$0
DRENARD BULLOCK	BOARD MEMBER	009.00	Director	$0	$0	$0
MATT DEEGAN	BOARD MEMBER	006.00	Director	$0	$0	$0
DAN DENTZER	BOARD MEMBER	006.00	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	$1,838,731	$1,767,012	$2,034,769	$71,719
2022	$1,544,698	$1,539,675	$1,655,835	$5,023
2021	$1,666,750	$1,432,415	$1,958,532	$234,335
2020	$1,570,800	$1,574,280	$1,346,243	$-3,480
2019	$1,528,603	$1,660,213	$1,426,208	$-131,610
2018	$1,641,390	$1,613,986	$1,394,466	$27,404

Midwest Business Group on Health