MIDWEST HOUSING COLLABORATIVE INC (EIN 392040703) - 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

2001

Legal Domicile

Principal Officer

JOSEPH SCHWENKER

Phone

4147598088

Tax Period

2023-01-01 to 2023-12-31

MIDWEST HOUSING COLLABORATIVE INC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $2.1M, a strong 100% operating margin.

Mission

TO PROMOTE PERSONAL DEVELOPMENT, CAREER GROWTH, AND COMMUNITY AWARENESS THROUGH SPECIALIZED SERVICES AND PROGRAMS FOR INDIVIDUALS WITH DISABILITIES. ADDITIONALLY, TO DEVELOP AND MANAGE REAL ESTATE, SUCH AS HOUSING, FOR LOW INCOME AND DISABLED INDIVIDUALS IN AN INTEGRATED MANNER WITH OTHER MEMBERS OF SOCIETY BY 1) PROVIDING HOUSING THAT MEETS THE SPECIAL PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF LOW INCOME AND DISABLED INDIVIDUALS, AND 2) PROMOTING ACCESS TO SUPPORT SERVICES THAT ENABLE LOW INCOME AND DISABLED INDIVIDUALS TO FUNCTION AS INDEPENDENT MEMBERS OF SOCIETY.

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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 $2,040,000

Program Service Revenue $28,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,068,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,348

Other Expenses $8,348

TOTAL EXPENSES $8,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,068,000	$2,514,973	-0.2%
Expenses	$8,348	$5,603	+0.5%
Net Income	$2,059,652	$2,509,370	-0.2%

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

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
JOSEPH SCHWENKER	PRESIDENT	0.50	Officer Director	$0	$0	$0
RUSS ENDRES	DIRECTOR	0.50	Director	$0	$0	$0
KARYN KNAAK	DIRECTOR	0.50	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
2024	No data	No data	No data	No data
2023	$2,068,000	$8,348	$7,338,764	$2,059,652
2022	$2,514,973	$5,603	$5,269,000	$2,509,370
2021	$1,814,027	$1,952	$2,761,132	$1,812,075
2020	$965,000	$17,445	$947,555	$947,555

MIDWEST HOUSING COLLABORATIVE INC