MIDWEST ART CONSERVATION CENTER INC (EIN 411312834) - 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

1977

Legal Domicile

Principal Officer

COLIN TURNER

Phone

6128703120

Tax Period

2023-07-01 to 2024-06-30

MIDWEST ART CONSERVATION CENTER INC, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $2.0M left a modest 7% surplus.

Mission

A NONPROFIT CENTER FOR THE PRESERVATION AND CONSERVATION OF ART AND ARTIFACTS

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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 $342,521

Program Service Revenue $1,724,275

Investment Income $119,313

Other Revenue $0

TOTAL REVENUE $2,186,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,375,721

Fundraising Expenses $13,383

Program Expenses $1,750,365

Other Expenses $648,561

TOTAL EXPENSES $2,024,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,186,109	$2,677,674	-0.2%
Expenses	$2,024,282	$2,224,387	-0.1%
Net Income	$161,827	$453,287	-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

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

$147,636

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG ARGUE	DIRECTOR	1.00	Director	$0	$0	$0
SARAH BREW	DIRECTOR	1.00	Director	$0	$0	$0
CONLEY BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
TOVA BRANDT	DIRECTOR	1.00	Director	$0	$0	$0
STACY COON	DIRECTOR	1.00	Director	$0	$0	$0
SIRI ENGBERG	DIRECTOR	1.00	Director	$0	$0	$0
NANCY HUART	DIRECTOR	1.00	Director	$0	$0	$0
ERIKA HOLMQUIST-WALL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER JONES	DIRECTOR	1.00	Director	$0	$0	$0
BILL PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK RYAN	CHAIR	1.00	Officer Director	$0	$0	$0
LIONEL DESCAMPS	TREASURER	1.00	Officer Director	$0	$0	$0
MILES FITERMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
TAWA DUCHENEAUX	DIRECTOR	1.00	Director	$0	$0	$0
MAI VANG	DIRECTOR	1.00	Director	$0	$0	$0
VIRAJITA SINGH	DIRECTOR	1.00	Director	$0	$0	$0
COLIN TURNER	EXECUTIVE DIRECTOR	50.00	Officer	$140,667	$6,969	$147,636

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	$2,186,109	$2,024,282	$3,531,564	$161,827
2023	$2,677,674	$2,224,387	$2,797,936	$453,287
2022	$1,795,271	$1,638,676	$2,125,685	$156,595
2021	$1,448,144	$1,420,078	$2,243,587	$28,066
2020	$1,135,565	$1,293,730	$1,999,020	$-158,165
2019	$1,333,580	$1,272,771	$2,052,948	$60,809

MIDWEST ART CONSERVATION CENTER INC