MIDWEST BIKESHARE INC (EIN 461052766) - 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

ANGELA SPRAU

Phone

4149311121

Tax Period

2023-01-01 to 2023-12-31

MIDWEST BIKESHARE INC, founded in 2012, is a community nonprofit in the Environment sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 25% operating deficit.

Mission

BUBLR BIKES DELIVERS A SUSTAINABLE, EXCELLENT BIKESHARE SYSTEM FOR ALL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $825,501

Program Service Revenue $295,958

Investment Income $0

Other Revenue $-978

TOTAL REVENUE $1,120,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $551,535

Fundraising Expenses $100,837

Program Expenses $1,128,768

Other Expenses $845,511

TOTAL EXPENSES $1,397,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,120,481	$1,688,970	-0.3%
Expenses	$1,397,046	$1,232,457	+0.1%
Net Income	$-276,565	$456,513	-1.6%

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

$74,710

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DAVIES	EXECUTIVE DIRECTOR THROUGH NOV 2023	40.00	Officer	$74,710	$0	$74,710
BRUCE KEYES	CHAIR	1.00	Officer Director	$0	$0	$0
RESE SCHNEIDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
BARRY MAINWOOD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANGELA SPRAU	TREASURER	1.00	Officer Director	$0	$0	$0
TONIEH WELLAND	SECRETARY	1.00	Officer Director	$0	$0	$0
KENGE ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE AMSDEN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BENNETT	DIRECTOR	1.00	Director	$0	$0	$0
JAY BURSETH	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
NOEL KEGEL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MILLER	DIRECTOR	1.00	Director	$0	$0	$0
BOB MONNAT	DIRECTOR	1.00	Director	$0	$0	$0
DIANE RAINES	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
2024	No data	No data	No data	No data
2023	$1,120,481	$1,397,046	$1,658,168	$-276,565
2022	$1,688,970	$1,232,457	$1,840,616	$456,513
2021	$859,331	$1,092,083	$1,343,080	$-232,752
2020	$746,128	$1,008,600	$1,658,897	$-262,472
2019	$698,613	$1,075,443	$1,918,575	$-376,830
2018	$662,362	$1,232,139	$2,341,552	$-569,777

MIDWEST BIKESHARE INC