MIDWAY POINTE (EIN 454788152) - 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

2012

Legal Domicile

Principal Officer

TOM HENRY

Phone

6516460622

Tax Period

2024-01-01 to 2024-12-31

MIDWAY POINTE, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $533K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $752K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROVIDE HOUSING AND A VARIETY OF PROGRAMS WHICH EXPAND OPPORTUNITIES FOR OLDER PERSONS TO LEAD INDEPENDENT LIVES.

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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 $300

Program Service Revenue $511,566

Investment Income $12,894

Other Revenue $8,551

TOTAL REVENUE $533,311

Expense Breakdown

Grants Paid $300

Salaries & Benefits $133,691

Fundraising Expenses $0

Program Expenses $629,413

Other Expenses $618,461

TOTAL EXPENSES $752,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$533,311	$484,285	+0.1%
Expenses	$752,452	$743,605	+0.0%
Net Income	$-219,141	$-259,320	-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

N/A

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

$933,523

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA GILBERTSON	CHAIR	0.10	Officer Director	$0	$0	$0
PETER GOVE	CHAIR (THRU NOV)/DIRECTOR	0.10	Officer Director	$0	$0	$0
MARY LILJA	VICE-CHAIR	0.10	Officer Director	$0	$0	$0
DAVID CARLSEN	TREASURER	0.10	Officer Director	$0	$0	$0
BRIAN OSTENSO	TREASURER (THRU NOV)	0.10	Officer Director	$0	$0	$0
CAROL FORBES	SECRETARY	0.10	Officer Director	$0	$0	$0
MARK CAPALDINI	DIRECTOR	0.10	Director	$0	$0	$0
KATHLEEN CUMMINGS	DIRECTOR	0.10	Director	$0	$0	$0
RICHARD CUNNINGHAM	DIRECTOR	0.10	Director	$0	$0	$0
ANDY CURRIE	DIRECTOR (THRU JUNE)	0.10	Director	$0	$0	$0
LOIS CUTLER	DIRECTOR	0.10	Director	$0	$0	$0
GENE GELGELU	DIRECTOR (THRU APRIL)	0.10	Director	$0	$0	$0
JIHAN GOLDEN	DIRECTOR (THRU NOV)	0.10	Director	$0	$0	$0
MARY GREER	DIRECTOR	0.10	Director	$0	$0	$0
SUE HAIGH	DIRECTOR	0.10	Director	$0	$0	$0
TOM HOVE	DIRECTOR	0.10	Director	$0	$0	$0
GAYLE KVENVOLD	DIRECTOR	0.10	Director	$0	$0	$0
REV CRAIG LOYA	DIRECTOR	0.10	Director	$0	$0	$0
SARAH JANE NOWLIN	DIRECTOR	0.10	Director	$0	$0	$0
TOM SCHAEFER	DIRECTOR	0.10	Director	$0	$0	$0
JIM SCHEIBEL	DIRECTOR	0.10	Director	$0	$0	$0
MARTHA SWENSON	DIRECTOR (THRU NOV)	0.10	Director	$0	$0	$0
MARVIN PLAKUT	PRESIDENT/CEO (THRU MARCH)	3.00	Officer	$0	$6,430	$162,820
JOHN T HENRY	PRESIDENT/CEO	3.00	Officer	$0	$23,414	$371,663
MELISSA SCHNEIDER	COO	3.00	Officer	$0	$15,830	$219,276
HEIDI ELMQUIST	CAO	3.00	Officer	$0	$36,948	$179,764

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	$533,311	$752,452	$7,275,401	$-219,141
2023	$484,285	$743,605	$7,499,889	$-259,320
2022	$450,012	$753,749	$7,734,165	$-303,737
2021	$428,419	$700,372	$7,974,340	$-271,953
2020	$409,470	$674,040	$8,242,444	$-264,570
2019	$389,111	$652,554	$8,470,134	$-263,443
2018	$400,355	$645,866	$8,710,720	$-245,511

MIDWAY POINTE