MIDWEST HOUSING INITIATIVES INC (EIN 460468444) - 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

2002

Legal Domicile

Principal Officer

COREY VANDEWEGE

Phone

4024343344

Tax Period

2024-01-01 to 2024-12-31

MIDWEST HOUSING INITIATIVES INC, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. The organization ran a surplus of $562K, a strong 28% operating margin.

Mission

HELP PROVIDE DEVELOPMENT OF LOW-INCOME HOUSING

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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 $510,887

Program Service Revenue $1,007,155

Investment Income $29,768

Other Revenue $442,115

TOTAL REVENUE $1,989,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,421,782

Other Expenses $1,428,251

TOTAL EXPENSES $1,428,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,989,925	$1,959,188	+0.0%
Expenses	$1,428,251	$1,833,662	-0.2%
Net Income	$561,674	$125,526	+3.5%

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
BEVERLY BRADLEY	DIRECTOR	N/A	Director	$0	$0	$0
NATE BURNETT	DIRECTOR	N/A	Director	$0	$0	$0
PAMELA FORSTER	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
MARK GRAHAM	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
ANDY VAN HORN	DIRECTOR	N/A	Director	$0	$0	$0
COREY VANDEWEGE	PRESIDENT	N/A	Officer 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
2024	$1,989,925	$1,428,251	$11,062,492	$561,674
2023	$1,959,188	$1,833,662	$10,422,478	$125,526
2022	$820,758	$888,089	$8,841,501	$-67,331
2021	$1,732,566	$1,781,624	$8,670,391	$-49,058
2020	$283,539	$327,758	$6,244,089	$-44,219
2019	$1,147,970	$1,050,609	$5,877,963	$97,361
2018	$706,677	$841,885	$7,427,135	$-135,208

MIDWEST HOUSING INITIATIVES INC