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 $198K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $422K exceeded revenue, resulting in a 113% 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 SOLE OBJECTIVE OF THE VEBA IS TO PROVIDE POST RETIREMENT HEALTH CARE BENEFITS TO RETIRED EMPLOYEES AND THEIR DEPENDENTS.

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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 $35,479

Other Revenue $162,670

TOTAL REVENUE $198,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $31,125

TOTAL EXPENSES $421,766

Year-over-Year Comparison

	2023	2022	Change
Revenue	$198,149	$182,777	+0.1%
Expenses	$421,766	$420,522	+0.0%
Net Income	$-223,617	$-237,745	-0.1%

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		$31,015	$0	$31,015

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	$198,149	$421,766	$4,793,289	$-223,617
2022	$182,777	$420,522	$4,542,275	$-237,745
2021	$546,087	$374,525	$5,445,042	$171,562
2020	$123,199	$370,073	$5,410,685	$-246,874
2019	$378,323	$317,224	$5,261,363	$61,099
2018	$406,571	$285,190	$4,648,712	$121,381