MIDLAND COGENERATION VENTURE LP

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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

1992

Legal Domicile

Principal Officer

RENEE J SCHROLL

Phone

9898396000

Tax Period

2023-01-01 to 2023-12-31

MIDLAND COGENERATION VENTURE LP, founded in 1992, is a small nonprofit that reported $130K in total revenue in fiscal year 2023. Revenue surged 1059% from the prior year, signaling strong growth momentum. Expenses of $246K exceeded revenue, resulting in a 89% operating deficit.

Mission

TO AWARD PRESENT AND FUTURE ELIGIBLE EMPLOYEES FOR THEIR VALUABLE SERVICE BY PROVIDING SOME MEASURE OF POST RETIREMENT HEALTH CARE BENEFIT

Program Service Accomplishments

Program 1

THE VEBA PROVIDES HEALTH CARE BENEFITS TO PARTICIPANTS, INCLUDING RETIREDEMPLOYEES AND THEIR DEPENDENTS. THE SOLE OBJECTIVE OF THE VEBA IS TOPROVIDE POST RETIREMENT HEALTH CARE BENEFITS.

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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 $0

Investment Income $130,074

Other Revenue $0

TOTAL REVENUE $130,074

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $24,373

TOTAL EXPENSES $245,601

Year-over-Year Comparison

	2023	2022	Change
Revenue	$130,074	$11,225	+10.6%
Expenses	$245,601	$287,115	-0.1%
Net Income	$-115,527	$-275,890	-0.6%

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

N/A

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
N/A	TRUSTEE	0.00		$24,285	$0	$24,285

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$130,074	$245,601	$3,693,638	$-115,527
2022	$11,225	$287,115	$3,529,281	$-275,890
2021	$404,316	$275,017	$4,189,049	$129,299
2020	$126,508	$216,634	$4,150,065	$-90,126
2019	$253,300	$226,140	$3,917,014	$27,160
2018	$247,450	$186,445	$3,472,400	$61,005