MIDWAY AIRLINES' TERMINAL CONSORTIUM (EIN 364191134) - 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

2001

Legal Domicile

Principal Officer

Scott Plomann

Phone

7739486630

Tax Period

2023-01-01 to 2023-12-31

MIDWAY AIRLINES' TERMINAL CONSORTIUM, founded in 2001, is a mid-sized nonprofit in the Community Improvement sector that reported $24.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

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

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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 $24,626,869

Investment Income $15

Other Revenue $0

TOTAL REVENUE $24,626,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $24,629,141

TOTAL EXPENSES $24,629,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,626,884	$21,613,619	+0.1%
Expenses	$24,629,141	$21,611,172	+0.1%
Net Income	$-2,257	$2,447	-1.9%

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

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

Total Directors

Key Employees

Highest Compensated

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
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

MIDWAY AIRLINES' TERMINAL CONSORTIUM