MIDWEST UNIVERSITY (EIN 431658069) - 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

1994

Legal Domicile

Principal Officer

DR JAMES SONG

Phone

6363274645

Tax Period

2024-07-01 to 2025-06-30

MIDWEST UNIVERSITY, founded in 1994, is a community nonprofit in the Education sector that reported $2.7M in total revenue in fiscal year 2024. The organization ran a surplus of $534K, a strong 20% operating margin.

Mission

CHRISTIAN INSTITUTION OF HIGHER LEARNING DEDICATED TO THE EXPLORATION, DISCERNMENT, SUSTENTATION, AND DISSEMINATION OF GOD'S TRUTH. MIDWEST UNIVERSITY IS COMMITTED TO EXCELLENCE IN EDUCATION ENCOURAGING STUDENTS TO COMPREHENSIVELY CONSIDER GOD'S WORD AND WORK TO EVALUATE PERSONAL VOCATIONAL MINISTRIES, AND TO ASSUME CHRISTIAN GLOBAL RESPONSIBILITIES.

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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 $105,247

Program Service Revenue $2,454,204

Investment Income $104,291

Other Revenue $41,776

TOTAL REVENUE $2,705,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,002,707

Fundraising Expenses $64,796

Program Expenses $1,125,749

Other Expenses $1,168,471

TOTAL EXPENSES $2,171,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,705,518	$2,662,433	+0.0%
Expenses	$2,171,178	$2,209,769	0.0%
Net Income	$534,340	$452,664	+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

$151,229

Total Directors

$89,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR STEPHEN COMBS	BOARD MEMBER	0.10	Director	$0	$0	$0
BRYAN SPENCER	BOARD MEMBER	0.10	Director	$0	$0	$0
JEFF DAVIDSON	TREASURER	0.10	Officer Director	$0	$0	$0
EARL HASKINS	SECRETARY	0.10	Officer Director	$0	$0	$0
LINDELL SHUMAKE	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
MIN SUNG KIM	BOARD MEMBER	0.10	Director	$0	$0	$0
RICHARD WEST	BOARD MEMBER	0.10	Director	$0	$0	$0
DR JAMES SONG	UNIVERSITY PRESIDENT	40.00	Officer Director	$89,900	$0	$89,900
NICK SCHROER	BOARD MEMBER	0.10	Director	$0	$0	$0
INCHEOL JANG	DIRECTOR OF FINANCE	40.00	Officer	$61,329	$0	$61,329

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	$2,705,518	$2,171,178	$3,813,443	$534,340
2024	$2,662,433	$2,209,769	$3,460,481	$452,664
2023	$2,646,109	$1,932,474	$3,304,495	$713,635
2022	$2,637,534	$1,940,776	$2,077,100	$696,758
2021	$1,977,245	$1,625,962	$1,271,390	$351,283
2020	$1,655,482	$1,488,025	$961,302	$167,457
2019	$1,863,112	$1,648,946	$747,604	$214,166
2018	$1,652,552	$1,420,586	$657,860	$231,966

MIDWEST UNIVERSITY