MIDWEST MEDICAL EQUIPMENT AND SUPPLIES INC

EIN: 411674021 501(c)(3)

DULUTH, MN

Total Revenue
$641,350
Total Expenses
$576,329
Total Assets
N/A
Net Assets
N/A
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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
1990
Legal Domicile
MN
Principal Officer
AL HURLEY
Phone
2187864368
Tax Period
2024-07-01 to 2025-06-23

MIDWEST MEDICAL EQUIPMENT AND SUPPLIES INC, founded in 1990, is a small nonprofit that reported $641K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $576K left a modest 10% surplus.

Mission

THROUGHOUT ESSENTIA HEALTH, WE ARE CALLED TO MAKE A HEALTHY DIFFERENCE IN PEOPLE'S LIVES. AS A MEMBER OF THE ESSENTIA HEALTH FAMILY, MIDWEST MEDICAL EQUIPMENT AND SUPPLIES, INC.'S MISSION AS A CATHOLIC, BENEDICTINE SPONSORED FACILITY IS TO PROMOTE CHRIST'S MINISTRY OF HOLISTIC HEALING FOR ALL HUMAN LIFE WITH SPECIAL CONCERN FOR THE POOR AND POWERLESS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $205,387
Investment Income $5,811
Other Revenue $430,152
TOTAL REVENUE $641,350

Expense Breakdown

Grants Paid $0
Salaries & Benefits $149,617
Fundraising Expenses $0
Program Expenses $523,114
Other Expenses $426,712
TOTAL EXPENSES $576,329

Year-over-Year Comparison

2024 2023 Change
Revenue $641,350 $1,801,148 -0.6%
Expenses $576,329 $2,252,774 -0.7%
Net Income $65,021 $-451,626 -1.1%
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

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Governance

Voting Members
2
Independent Members
1
Employees
10
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
3
$1,522,398
Total Directors
2
$940,172
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL NIKCEVICH MD BD DIRECTOR/RELATED ORG PHYSICIAN 1.00
Director
$0 $61,115 $932,372
AL HURLEY PRESIDENT 1.00
Officer
$0 $129,814 $835,977
KEVIN BOREN VICE PRESIDENT, FINANCE 1.00
Officer
$0 $123,808 $678,621
JOSEPH MIHALEK BOARD CHAIR 1.00
Officer Director
$0 $0 $7,800
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 $641,350 $576,329 No data $65,021
2024 $1,801,148 $2,252,774 $1,241,708 $-451,626
2023 $1,807,994 $2,274,957 $4,175,311 $-466,963
2022 $7,605,418 $16,998,875 $7,363,693 $-9,393,457
2021 $12,414,837 $15,029,291 $9,339,372 $-2,614,454
2020 $14,251,937 $16,485,257 $7,355,567 $-2,233,320
2019 $14,855,974 $16,294,427 $4,705,725 $-1,438,453
2018 $10,579,570 $16,244,563 $6,153,101 $-5,664,993
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