Midwest Challenge Inc (EIN 410983281) - 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

1972

Legal Domicile

Principal Officer

Gary Parker

Phone

7637727285

Tax Period

2024-01-01 to 2024-12-31

Midwest Challenge Inc, founded in 1972, is a community nonprofit in the Mental Health sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 5% surplus.

Mission

Sharing the gospel while providing hope and transformation.

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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 $214,595

Program Service Revenue $1,296,137

Investment Income $267,200

Other Revenue $70,742

TOTAL REVENUE $1,848,674

Expense Breakdown

Grants Paid $15,524

Salaries & Benefits $712,738

Fundraising Expenses $75,013

Program Expenses $1,454,475

Other Expenses $1,037,032

TOTAL EXPENSES $1,765,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,848,674	$1,588,073	+0.2%
Expenses	$1,765,294	$1,518,343	+0.2%
Net Income	$83,380	$69,730	+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

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

$137,683

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gary Parker	President & CEO	40.00	Officer	$70,733	$66,950	$137,683
Joe Blee	Chairman	2.00	Officer Director	$0	$0	$0
Dr Gary Hemphill	Secretary	2.00	Officer Director	$0	$0	$0
Eric Gustafson	Vice Chairman - Resigned 2024	2.00	Officer Director	$0	$0	$0
Mike Haag	Treasurer	2.00	Officer Director	$0	$0	$0
John C DeJong	Director	2.00	Director	$0	$0	$0
Pastor Paul Marzahn	Director	2.00	Director	$0	$0	$0
Scott Rajavuori	Director	2.00	Director	$0	$0	$0
Paul Tesarek	Director	2.00	Director	$0	$0	$0
Erik Winegarden	Director	2.00	Director	$0	$0	$0
Michael Pappas	Director	2.00	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
2024	$1,848,674	$1,765,294	$2,193,990	$83,380
2023	$1,588,073	$1,518,343	$2,188,467	$69,730
2022	$1,559,989	$1,466,628	$2,235,677	$93,361
2021	$1,432,965	$1,421,329	$2,206,745	$11,636
2020	$1,723,349	$1,478,897	$2,300,365	$244,452
2019	$1,355,202	$1,397,463	$2,148,121	$-42,261
2018	$1,625,879	$1,460,846	$2,320,020	$165,033

Midwest Challenge Inc