MIDWESTERN REPS ASSOCIATION INC (EIN 382638814) - 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

1968

Legal Domicile

Principal Officer

TIM SIMONSON

Phone

2315265772

Tax Period

2024-01-01 to 2024-12-31

MIDWESTERN REPS ASSOCIATION INC, founded in 1968, is a small nonprofit that reported $202K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

TO PROVIDE SUPPORT SERVICES TO MIDWESTERN OUTDOOR EQUIPMENT AND CLOTHING SALES REPRESENTATIVES & PROVIDE THEM WITH MARKETING OPPORTUNITIES DIRECT TO BUYERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $193,072

Investment Income $8,812

Other Revenue $50

TOTAL REVENUE $201,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,547

Fundraising Expenses $0

Program Expenses $170,342

Other Expenses $163,023

TOTAL EXPENSES $211,570

Year-over-Year Comparison

	2024	2023	Change
Revenue	$201,934	$216,139	-0.1%
Expenses	$211,570	$209,044	+0.0%
Net Income	$-9,636	$7,095	-2.4%

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

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

$45,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM SIMONSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHLEEN GILLETT	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
TOM FUHRMAN	TREASURER	2.00	Officer Director	$0	$0	$0
KELLY O'BRIEN	DIRECTOR	2.00	Director	$0	$0	$0
TOM MEIER	DIRECTOR	2.00	Director	$0	$0	$0
MARK WADDLE	DIRECTOR	2.00	Director	$0	$0	$0
TYLER MOSELEY	DIRECTOR	2.00	Director	$0	$0	$0
TRAVIS PRITZ	DIRECTOR	2.00	Director	$0	$0	$0
ERIC SMITH	DIRECTOR	2.00	Director	$0	$0	$0
BONNIE RATHBUN	EXECUTIVE DI	40.00	Officer	$45,000	$0	$45,000

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	$201,934	$211,570	$301,231	$-9,636
2023	$216,139	$209,044	$298,766	$7,095
2022	$206,938	$188,888	$277,254	$18,050
2021	$180,776	$116,319	$305,537	$64,457
2020	$66,002	$105,852	$246,895	$-39,850
2019	$224,712	$253,126	$262,046	$-28,414
2018	$251,943	$208,631	$265,723	$43,312

MIDWESTERN REPS ASSOCIATION INC