MIDLAND AREA AGENCY ON AGING

EIN: 370968177 501(c)(3)

CENTRALIA, IL

Total Revenue
$4,570,906
Total Expenses
$4,161,430
Total Assets
$1,137,966
Net Assets
$703,684
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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
1974
Legal Domicile
IL
Principal Officer
KAREN WALSH
Phone
6185321853
Tax Period
2024-10-01 to 2025-09-30

MIDLAND AREA AGENCY ON AGING, founded in 1974, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $4.2M left a modest 9% surplus.

Mission

TO ENSURE COORDINATED, ACCESSIBLE SERVICES FOR OLDER PERSONS AND PERSONS WITH DISABILITIES.

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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 $3,817,817
Program Service Revenue $732,390
Investment Income $20,699
Other Revenue $0
TOTAL REVENUE $4,570,906

Expense Breakdown

Grants Paid $3,547,404
Salaries & Benefits $464,425
Fundraising Expenses $0
Program Expenses $4,024,261
Other Expenses $149,601
TOTAL EXPENSES $4,161,430

Year-over-Year Comparison

2024 2023 Change
Revenue $4,570,906 $3,967,908 +0.2%
Expenses $4,161,430 $4,450,042 -0.1%
Net Income $409,476 $-482,134 -1.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
10
Employees
8
Volunteers
12

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
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN ELKE SECRETARY/TR 1.50
Officer Director
$0 $0 $0
JANICE GAHAGAN BOARD MEMBER 1.50
Director
$0 $0 $0
MICHELE GARRISON BOARD MEMBER 1.50
Director
$0 $0 $0
BRIEN GUY BOARD MEMBER 1.50
Director
$0 $0 $0
AMY HARRISON BOARD MEMBER 1.50
Director
$0 $0 $0
GERALD HEARRING BOARD MEMBER 1.50
Director
$0 $0 $0
SUE HETH BOARD MEMBER 1.50
Director
$0 $0 $0
CAROL JOHNSON BOARD MEMBER 1.50
Director
$0 $0 $0
SUE KARMER BOARD MEMBER 1.50
Director
$0 $0 $0
CHLOE PAGE BOARD MEMBER 1.50
Director
$0 $0 $0
JIMMIE PAGE PRESIDENT 1.50
Officer Director
$0 $0 $0
ROSANNA PERKINS BOARD MEMBER 1.50
Director
$0 $0 $0
KAREN WALSH VICE PRESIDE 1.50
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
2025 $4,570,906 $4,161,430 $1,137,966 $409,476
2024 $3,967,908 $4,450,042 $1,065,799 $-482,134
2023 $3,167,467 $3,178,273 $949,887 $-10,806
2022 $3,374,128 $3,409,276 $1,086,570 $-35,148
2021 $2,922,133 $2,917,131 $1,004,440 $5,002
2020 $3,384,530 $2,921,823 $1,438,078 $462,707
2019 $2,564,721 $2,389,881 $792,885 $174,840
2018 $2,392,601 $2,384,485 $567,996 $8,116
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