MIDWEST PARTNERSHIP INC

EIN: 421388641 501(c)(3)

STUART, IA

Total Revenue
$211,188
Total Expenses
$188,220
Total Assets
$165,511
Net Assets
$135,758
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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
1991
Legal Domicile
IA
Phone
5155231262
Tax Period
2018-01-01 to 2018-12-31

MIDWEST PARTNERSHIP INC, founded in 1991, is a small nonprofit that reported $211K in total revenue in fiscal year 2018. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $188K left a modest 11% surplus.

Mission

ECONOMIC DEVELOPMENT

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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 (2018)

Revenue Breakdown

Contributions & Grants $184,396
Program Service Revenue $17,850
Investment Income $10
Other Revenue $8,932
TOTAL REVENUE $211,188

Expense Breakdown

Grants Paid $15,683
Salaries & Benefits $129,871
Fundraising Expenses $0
Program Expenses $163,821
Other Expenses $42,666
TOTAL EXPENSES $188,220

Year-over-Year Comparison

2018 2017 Change
Revenue $211,188 $191,714 +0.1%
Expenses $188,220 $194,972 0.0%
Net Income $22,968 $-3,258 -8.0%
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

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Governance

Voting Members
21
Independent Members
21
Employees
3
Volunteers
28

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
5
$63,550
Total Directors
23
$63,550
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG BURNS Director 1.00
Director
$0 $0 $0
JERRY SULLIVAN Treasurer 1.00
Officer Director
$0 $0 $0
NICK SORENSEN Director 1.00
Director
$0 $0 $0
SARAH C GOMEZ Executive Dir. 40.00
Officer Director
$63,550 $0 $63,550
SCOTT WEBER Director 1.00
Director
$0 $0 $0
NORM FANDEL Past President 2.00
Officer Director
$0 $0 $0
MATT WEDEMEYER Director 1.00
Director
$0 $0 $0
BRETT IRLMEIER Director 1.00
Director
$0 $0 $0
RICK MORAIN Director 1.00
Director
$0 $0 $0
SID JONES Director 1.00
Director
$0 $0 $0
MARTY DOUD Director 1.00
Director
$0 $0 $0
PEGGY TOFT Director 1.00
Director
$0 $0 $0
SCOTT TONDERUM President 1.00
Officer Director
$0 $0 $0
EVERETT GRASTY Director 1.00
Director
$0 $0 $0
STACIE HULL Director 1.00
Director
$0 $0 $0
JOHN RUTLEDGE Director 1.00
Director
$0 $0 $0
LAURIE GILBERT Treasurer 2.00
Officer Director
$0 $0 $0
TROY WESSEL Director 1.00
Director
$0 $0 $0
CHERYL MARKS Director 1.00
Director
$0 $0 $0
JASON HOCKER Director 1.00
Director
$0 $0 $0
MIKE UNDERWOOD Director 1.00
Director
$0 $0 $0
WARREN VARLEY Director 1.00
Director
$0 $0 $0
TODD NELSEN Director 1.00
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
2018 $211,188 $188,220 $165,511 $22,968
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