MGI SERVICES CORPORATION

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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

MARK R ARENS

Phone

3142413464

Tax Period

2024-01-01 to 2024-12-31

MGI SERVICES CORPORATION, founded in 1994, is a community nonprofit in the Employment sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 12% surplus.

Mission

MGI SERVICES EMPLOYS THE SEVERLY DISABLED TO THE GREATEST EXTENT POSSIBLE TO CARRY OUT CONTRACTS ADMINISTERED BY THE NATIONAL INSTITUTE FOR THE SEVERLY HANDICAPPED AND PURSUANT TO THE GUIDELINES OF THE JAVITS, WAGNER, O'DAY ACT OF CONGRESS.

Program Service Accomplishments

Program 1

Expenses: $1,343,425 Revenue: $2,050,004

CONTRACTED VOCATIONAL SERVICES: PLACING INDIVIDUALS WITH DISABILITIES IN EMPLOYMENT SETTINGS TO ACHIEVE THEIR GREATEST POTENTIAL. UNDER THE "ABILITYONE" PROGRAM, WHICH WAS ESTABLISHED TO EXECUTE THE JAVITS, WAGNER, O'DAY ACT (JWOD), WE PROVIDE JANITORIAL SERVICES AS AN EXTENSION OF THE TRAINING PROGRAMS OFFERED BY MERS/MISSOURI GOODWILL INDUSTRIES, INC.JWOD REQUIRES FEDERAL AGENCIES PURCHASE SPECIFIED SUPPLIES AND SERVICES FROM NONPROFIT AGENCIES EMPLOYING BLIND OR SIGNIFICANTLY DISABLED PERSONS. A CORE CRITERIA FOR ELIGIBILITY IN THIS PROGRAM IS THAT 75% OF TOTAL DIRECT LABOR HOURS MUST BE PERFORMED BY PEOPLE WHO ARE BLIND OR HAVE SIGNIFICANT DISABILITIES.

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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 $2,050,004

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,050,004

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,011,304

Fundraising Expenses $0

Program Expenses $1,343,425

Other Expenses $783,281

TOTAL EXPENSES $1,794,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,050,004	$2,093,667	0.0%
Expenses	$1,794,585	$1,800,338	0.0%
Net Income	$255,419	$293,329	-0.1%

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

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

$1,010,632

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDA BERTI	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ELIZABETH GREEN	DIRECTOR	1.00	Director	$0	$0	$0
HARRY V MOPPINS JR	DIRECTOR	1.00	Director	$0	$0	$0
JOAN M NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
LYNN ROTHBARTH	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH SALKY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ELLIOT ZUCKER	TREASURER	1.00	Officer Director	$0	$0	$0
GERALD KRETMAR	DIRECTOR	1.00	Director	$0	$0	$0
C DAWAYNE BARNETT	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$40,265	$419,171
MARK R ARENS	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$34,650	$591,461

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
2024	$2,050,004	$1,794,585	$1,860,210	$255,419
2023	$2,093,667	$1,800,338	$1,530,098	$293,329
2022	$2,623,562	$2,176,328	$1,235,311	$447,234
2021	$2,651,128	$2,043,135	$815,672	$607,993
2020	$2,908,650	$2,344,684	$276,015	$563,966
2019	$2,690,435	$2,366,355	$296,481	$324,080
2018	$2,515,738	$2,335,280	$228,724	$180,458