MIDLAND AREA AGENCY ON AGING (EIN 470585186) - 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

1973

Legal Domicile

Principal Officer

CASSANDRA MUZIC

Phone

4024634565

Tax Period

2024-07-01 to 2025-06-30

MIDLAND AREA AGENCY ON AGING, founded in 1973, is a community nonprofit in the Human Services sector that reported $4.7M in total revenue in fiscal year 2024. Expenses of $4.5M left a modest 4% surplus.

Mission

SERVICES TO PERSONS OVER AGE 60 TO HELP THEM REMAIN IN THEIR HOMES.

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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 $4,597,442

Program Service Revenue $60,668

Investment Income $54,416

Other Revenue $6,053

TOTAL REVENUE $4,718,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,808,739

Fundraising Expenses $0

Program Expenses $4,241,025

Other Expenses $1,741,112

TOTAL EXPENSES $4,549,851

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,718,579	$4,572,582	+0.0%
Expenses	$4,549,851	$4,222,170	+0.1%
Net Income	$168,728	$350,412	-0.5%

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

Volunteers

125

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

$108,756

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASSANDRA MUZIC	EXECUTIVE DI	40.00	Officer	$94,955	$13,801	$108,756
CHARLES NEUMANN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ROGER WIEGERT	VICE CHAIRPE	1.00	Officer Director	$0	$0	$0
LEE HOGAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN ROSTVET	MEMBER	1.00	Director	$0	$0	$0
SCOTT BITTERMAN	MEMBER	1.00	Director	$0	$0	$0
KAREN BREDTHAUER	MEMBER	1.00	Director	$0	$0	$0
BUTCH HURST	MEMBER	1.00	Director	$0	$0	$0
SCOTT SORENSEN	MEMBER	1.00	Director	$0	$0	$0
RICH NELSON	MEMBER	1.00	Director	$0	$0	$0
KATHY HIRSCHMAN	MEMBER	1.00	Director	$0	$0	$0
JERRY GROVE	MEMBER	1.00	Director	$0	$0	$0
DAN SHIPMAN	MEMBER	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
2025	$4,718,579	$4,549,851	$2,459,039	$168,728
2024	$4,572,582	$4,222,170	$2,293,836	$350,412
2023	$4,452,497	$3,781,149	$1,748,614	$671,348
2022	$3,513,972	$3,400,802	$919,329	$113,170
2021	$2,923,217	$2,965,699	$776,284	$-42,482
2020	$3,046,267	$3,008,862	$838,249	$37,405
2019	$3,012,129	$3,073,074	$766,735	$-60,945
2018	$3,571,912	$3,500,018	$345,945	$71,894

MIDLAND AREA AGENCY ON AGING