MIDWAY AIRLINES' TERMINAL CONSORTIUM

EIN: 364191134 Community Improvement

CHICAGO, IL

Total Revenue
$30,606,988
Total Expenses
$30,608,781
Total Assets
$3,568,546
Net Assets
$33,039
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IL
Principal Officer
Scott Plomann
Phone
7739486630
Tax Period
2024-01-01 to 2024-12-31

MIDWAY AIRLINES' TERMINAL CONSORTIUM, founded in 2001, is a mid-sized nonprofit in the Community Improvement sector that reported $30.6M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

MATCO provides services to improve operational efficiency and expand the capacity of Midway International Airport's terminal building.

Program Service Accomplishments

Program 1

Midway Airlines' Terminal Consortium ("MATCO") was established by certain Midway airlines which are signatory airlines of the Chicago Midway Airport use agreement and facilities lease to develop and...

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Midway Airlines' Terminal Consortium ("MATCO") was established by certain Midway airlines which are signatory airlines of the Chicago Midway Airport use agreement and facilities lease to develop and operate airline terminal equipment, systems, and facilities at Midway Airport. MATCO has the responsibility for the planning, design, procurement, installation, start-up, and operation of the airline equipment to be used at Chicago Midway Airport.

Program 2

MATCO works in cooperation with the City of Chicago and the airlines and serves the purpose of ensuring the availability of safe, reliable, and top quality airline equipment for the common use of all...

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MATCO works in cooperation with the City of Chicago and the airlines and serves the purpose of ensuring the availability of safe, reliable, and top quality airline equipment for the common use of all airlines in providing passenger related services at Chicago Midway Airport through its efforts to develop and operate the airline terminal equipment, systems, and facilities as outlined above.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $30,606,966
Investment Income $22
Other Revenue $0
TOTAL REVENUE $30,606,988

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $30,608,781
TOTAL EXPENSES $30,608,781

Year-over-Year Comparison

2024 2023 Change
Revenue $30,606,988 $24,626,884 +0.2%
Expenses $30,608,781 $24,629,141 +0.2%
Net Income $-1,793 $-2,257 -0.2%
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

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Governance

Voting Members
3
Independent Members
3
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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Sellers Chairman 2.00
Officer Director
$0 $0 $0
Blaine Peters Vice Chair 0.10
Officer Director
$0 $0 $0
Richard Appell Secretary/Treasurer 0.10
Officer 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 $30,606,988 $30,608,781 $3,568,546 $-1,793
2023 $24,626,884 $24,629,141 $3,190,680 $-2,257
2022 $21,613,619 $21,611,172 $3,906,213 $2,447
2021 $16,801,841 $16,810,028 $5,016,144 $-8,187
2020 $16,021,277 $16,021,749 $3,041,551 $-472
2019 $23,474,695 $23,475,218 $4,434,234 $-523
2018 $22,982,014 $22,982,044 $4,848,542 $-30
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