Midwest Business Group on Health

EIN: 363059249 501(c)(3)

Chicago, IL

Total Revenue
$1,838,731
Total Expenses
$1,767,012
Total Assets
$2,034,769
Net Assets
$1,089,285
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
IL
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.

Program Service Accomplishments

Program 1
Expenses: $1,364,919

CONFERENCES AND EDUCATION - SPEAKERS TO DISCUSS CHANGES IN LAW, MEDICAL REIMBURSEMENT, ETC. VALUE PURCHASING - TEACHING HOW TO MAXIMIZE HEALTH CARE DOLLARS WHEN PURCHASING DIFFERENT HEALTH INSURANCE...

Read more

CONFERENCES AND EDUCATION - SPEAKERS TO DISCUSS CHANGES IN LAW, MEDICAL REIMBURSEMENT, ETC. VALUE PURCHASING - TEACHING HOW TO MAXIMIZE HEALTH CARE DOLLARS WHEN PURCHASING DIFFERENT HEALTH INSURANCE. CONSUMER INFORMATION - INFORMING PARTICIPANTS OF HEALTH CARE MATTERS AND GENERAL UPDATES ON RELEVANT HEALTH CARE INDUSTRY CHANGES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
22
Independent Members
22
Employees
8
Volunteers
22

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
5
$207,470
Total Directors
22
$207,470
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Midwest Business Group on Health with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.