Midland Center for Independent Living (EIN 382912348) - 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

1990

Legal Domicile

Principal Officer

Kelly Pelong

Phone

9898354041

Tax Period

2024-10-01 to 2025-09-30

Midland Center for Independent Living, founded in 1990, is a community nonprofit in the Health Care sector that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $5.4M left a modest 5% surplus.

Mission

To promote and encourage independence for all people 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,652,114

Program Service Revenue $3,652,130

Investment Income $86,242

Other Revenue $314,034

TOTAL REVENUE $5,704,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,831,710

Fundraising Expenses $0

Program Expenses $4,371,431

Other Expenses $2,595,391

TOTAL EXPENSES $5,427,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,704,520	$4,156,398	+0.4%
Expenses	$5,427,101	$4,120,769	+0.3%
Net Income	$277,419	$35,629	+6.8%

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

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

293

Volunteers

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

$305,955

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly Pelong	Executive Director	40.00	Officer	$109,765	$7,058	$116,823
Kaci Marsh	Finance Director	40.00	Officer	$66,046	$7,058	$73,104
Kelsey Hockaday	Associate Director	40.00	Officer	$51,966	$7,058	$59,024
Teresa Robbins	Community Svcs Director	40.00	Officer	$56,738	$266	$57,004
Mary Kunz	Imm. Past President	1.00	Officer Director	$0	$0	$0
John Searles	President	1.00	Officer Director	$0	$0	$0
Kellie Courier	Vice President	1.00	Officer Director	$0	$0	$0
Katie Erikson	Treasurer	1.00	Officer Director	$0	$0	$0
Lisa Berrie	Secretary	1.00	Officer Director	$0	$0	$0
Jacob Kain	Board Member	1.00	Director	$0	$0	$0
Shannon Zilska	Board Member	1.00	Director	$0	$0	$0
Eric Olgaard	Board Member	1.00	Director	$0	$0	$0
John Ell	Board Member	1.00	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	$5,704,520	$5,427,101	$3,171,246	$277,419
2024	$4,156,398	$4,120,769	$2,829,322	$35,629
2023	$3,590,055	$3,587,502	$2,801,359	$2,553
2022	$3,464,760	$3,469,418	$2,418,585	$-4,658
2021	$3,376,956	$2,951,680	$2,334,500	$425,276
2020	$2,847,450	$2,834,240	$2,281,343	$13,210
2019	$3,460,717	$3,275,117	$2,017,989	$185,600
2018	$3,703,548	$3,483,222	$1,818,016	$220,326

Midland Center for Independent Living