MIDWEST COVENANT HOME INC (EIN 470397679) - 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

1957

Legal Domicile

Principal Officer

PHIL BURKE

Phone

4027642711

Tax Period

2024-07-01 to 2025-06-30

MIDWEST COVENANT HOME INC, founded in 1957, is a community nonprofit in the Health Care sector that reported $6.4M in total revenue in fiscal year 2024.

Mission

NURSING HOME CARE AND ASSISTED LIVING FOR THE ELDERLY.

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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 $265,450

Program Service Revenue $5,958,703

Investment Income $7,298

Other Revenue $192,805

TOTAL REVENUE $6,424,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,152,217

Fundraising Expenses $4,447

Program Expenses $6,346,733

Other Expenses $2,648,927

TOTAL EXPENSES $6,801,144

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,424,256	$6,314,516	+0.0%
Expenses	$6,801,144	$6,652,229	+0.0%
Net Income	$-376,888	$-337,713	+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

116

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
PHIL BURKE	PRESIDENT	Officer Director	$0	$0	$0
BONNIE SCHREIBER	DIRECTOR-AT-LARGE	Director	$0	$0	$0
TIM MCIVOR	VICE-PRESIDENT	Officer Director	$0	$0	$0
CHERI GIANNOU	TREASURER	Officer Director	$0	$0	$0
TAMARA HUTSELL	SECRETARY	Officer Director	$0	$0	$0
TIM TEEGERSTROM	DIRECTOR-AT-LARGE	Director	$0	$0	$0
MICHELLE DUBAS	DIRECTOR-AT-LARGE	Director	$0	$0	$0
RICHARD BOROVIAK	DIRECTOR-AT-LARGE	Director	$0	$0	$0
TERRY BORG	DIRECTOR-AT-LARGE	Director	$0	$0	$0
SUSAN COOKSLEY	DIRECTOR-AT-LARGE	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
2025	$6,424,256	$6,801,144	$5,212,815	$-376,888
2024	$6,314,516	$6,652,229	$5,563,847	$-337,713
2023	$6,230,960	$6,691,873	$5,995,763	$-460,913
2022	$5,811,861	$6,037,015	$6,762,105	$-225,154
2021	$5,310,866	$5,117,491	$7,248,285	$193,375
2020	$4,308,224	$5,005,879	$7,186,319	$-697,655
2019	$4,412,556	$4,766,405	$6,261,712	$-353,849

MIDWEST COVENANT HOME INC