MIDWEST FOUNDATION FOR HIGHER EDUCATION (EIN 470698086) - 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

1986

Legal Domicile

Principal Officer

YAMI BAZAN

Phone

4024862502

Tax Period

2024-06-01 to 2025-05-31

MIDWEST FOUNDATION FOR HIGHER EDUCATION, founded in 1986, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $732K, a strong 50% operating margin.

Mission

TO PROMOTE THE WELFARE, GOALS, PROGRAMS AND TRAINING OF STUDENTS AT UNION COLLEGE.

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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 $548,266

Program Service Revenue $0

Investment Income $902,374

Other Revenue $0

TOTAL REVENUE $1,450,640

Expense Breakdown

Grants Paid $608,237

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $608,237

Other Expenses $110,409

TOTAL EXPENSES $718,646

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,450,640	$1,264,144	+0.1%
Expenses	$718,646	$668,486	+0.1%
Net Income	$731,994	$595,658	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSH HUENERGARDT	CHAIR	1.00	Officer Director	$0	$0	$0
DAN CARLSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT GAL	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE HAGELE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PARADISE	DIRECTOR	1.00	Director	$0	$0	$0
DIANE THURBER	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
2025	$1,450,640	$718,646	$18,495,968	$731,994
2024	$1,264,144	$668,486	$17,763,974	$595,658
2023	$520,580	$630,985	$15,645,155	$-110,405
2022	$3,425,264	$725,483	$15,739,883	$2,699,781
2021	$935,129	$520,902	$17,370,605	$414,227
2020	$1,565,848	$516,367	$13,459,972	$1,049,481
2019	$902,262	$493,962	$12,419,446	$408,300
2018	$1,189,675	$478,144	$12,102,455	$711,531

MIDWEST FOUNDATION FOR HIGHER EDUCATION