Midwest Community Real Estate Corp (EIN 363461020) - 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

1985

Legal Domicile

Principal Officer

Vincent Pryor

Phone

8153007007

Tax Period

2023-10-01 to 2024-09-30

Midwest Community Real Estate Corp, founded in 1985, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.2M left a modest 12% surplus.

Mission

Real Estate Management - Midwest Community Real Estate Corporation owns, manages and maintains real estate for affiliated charitable organizations.

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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 $0

Program Service Revenue $1,877,098

Investment Income $501,523

Other Revenue $112,743

TOTAL REVENUE $2,491,364

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,165,068

Other Expenses $2,195,224

TOTAL EXPENSES $2,195,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,491,364	$2,178,632	+0.1%
Expenses	$2,195,224	$2,337,785	-0.1%
Net Income	$296,140	$-159,153	-2.9%

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

N/A

Employees

N/A

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

$3,496,924

Total Directors

$3,496,924

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ruth Colby	Treasurer (until 10/16/23)	1.00	Officer Director	$0	$64,361	$1,463,100
Vincent Pryor	Secretary	1.00	Officer Director	$0	$60,950	$1,048,966
Michael Mutterer	Treasurer	1.00	Officer Director	$0	$58,776	$659,292
Kay Novak	President	1.00	Officer Director	$0	$54,066	$325,566

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	$2,491,364	$2,195,224	$39,475,707	$296,140
2023	$2,178,632	$2,337,785	$35,061,542	$-159,153
2022	$1,541,719	$2,292,250	$34,527,561	$-750,531
2021	$2,573,184	$2,209,397	$34,160,181	$363,787
2020	$1,970,686	$2,507,644	$24,394,590	$-536,958

Midwest Community Real Estate Corp