MIDWEST CONSTRUCTION & DISTRIBUTION

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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

1970

Legal Domicile

Principal Officer

William Weber

Tax Period

2024-05-01 to 2025-04-30

MIDWEST CONSTRUCTION & DISTRIBUTION, founded in 1970, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 5% surplus.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS FOR ELIGIBLE EMPLOYEES OF PARTICIPATING EMPLOYERS

Program Service Accomplishments

Program 1

Expenses: $1,784,217

THE PLAN PROVIDES HEALTH, DENTAL, LIFE, SHORT-TERM DISABILITY, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS. THE PLAN SELF-FUNDS ALL BENEFITS EXCEPT FOR LIFE AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS WHICH ARE PROVIDED THROUGH INSURANCE POLICIES. THE PLAN CARRIES STOP LOSS INSURANCE TO PROTECT THE PARTICIPANTS IN CASE OF A CATASTROPHIC LOSS IN THE SELF-FUNDED BENEFIT.

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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 $0

Program Service Revenue $1,699,135

Investment Income $182,301

Other Revenue $0

TOTAL REVENUE $1,881,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,784,217

Other Expenses $138,189

TOTAL EXPENSES $1,784,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,881,436	$1,916,204	0.0%
Expenses	$1,784,217	$2,015,290	-0.1%
Net Income	$97,219	$-99,086	-2.0%

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
Keri Hanson	Trustee	1.00	Director	$0	$0	$0
Mike Grunklee	Trustee	1.00	Director	$0	$0	$0
William Weber	Chairman	1.00	Officer Director	$0	$0	$0
Greg Skagerberg	Trustee	0.00		$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
2025	$1,881,436	$1,784,217	$4,415,301	$97,219
2024	$1,916,204	$2,015,290	$4,299,299	$-99,086
2023	$2,015,638	$2,029,957	$4,394,816	$-14,319
2023	$2,015,638	$2,003,523	$4,443,436	$12,115
2022	$1,947,839	$2,102,630	$4,510,406	$-154,791
2021	$2,250,500	$1,964,644	$4,572,175	$285,856
2020	$2,340,213	$1,627,272	$4,431,350	$712,941
2019	$2,395,966	$2,147,290	$3,629,355	$248,676
2018	$2,211,781	$1,862,818	$3,398,255	$348,963