MIDWEST GERIATRICS INC

EIN: 470727974 501(c)(3) Diseases & Disorders

OMAHA, NE

Total Revenue
$1,542,780
Total Expenses
$1,588,445
Total Assets
$940,332
Net Assets
$815,069
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NE
Phone
4028276000
Tax Period
2023-01-01 to 2023-12-31

MIDWEST GERIATRICS INC, founded in 1989, is a community nonprofit in the Diseases & Disorders sector that reported $1.5M in total revenue in fiscal year 2023.

Mission

To provide vision direction strategic planning and management services for its affiliates.

Program Service Accomplishments

Program 1
Expenses: $1,580,107 Revenue: $1,495,572

To provide management services to affiliated non-profit charitable entities.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,000
Program Service Revenue $1,495,572
Investment Income $22,208
Other Revenue $0
TOTAL REVENUE $1,542,780

Expense Breakdown

Grants Paid $71,148
Salaries & Benefits $1,480,993
Fundraising Expenses $0
Program Expenses $1,580,107
Other Expenses $36,304
TOTAL EXPENSES $1,588,445

Year-over-Year Comparison

2023 2022 Change
Revenue $1,542,780 $1,543,733 0.0%
Expenses $1,588,445 $1,706,390 -0.1%
Net Income $-45,665 $-162,657 -0.7%
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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Governance

Voting Members
5
Independent Members
3
Employees
9
Volunteers
3

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
4
$486,263
Total Directors
6
$486,263
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Debra L Thacker CFO 40.00
Officer Director
$226,116 $17,132 $243,248
Lois Jordan CEO 40.00
Officer Director
$223,694 $19,321 $243,015
Ann Erickson VP of Operations 0.00
Highest
$155,001 $7,808 $162,809
Sheryl Havermann VP of Pharmacy Services 0.00
Highest
$149,748 $9,890 $159,638
Jennifer Koerner Pharmacist 0.00
Highest
$133,713 $8,737 $142,450
Vanessa Schmidt VP of FInance 40.00
Highest
$132,213 $9,414 $141,627
Edward Hendershot VP of Facilities Management 0.00
Highest
$125,961 $9,527 $135,488
Marc Butterfield Chairman 1.00
Officer Director
$0 $0 $0
Stephanie O'Keefe Secretary Treasurer 1.00
Officer Director
$0 $0 $0
Phil Christensen Director 1.00
Director
$0 $0 $0
Robert Bloechle 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 $1,542,780 $1,588,445 $940,332 $-45,665
2022 $1,543,733 $1,706,390 $930,178 $-162,657
2021 $1,834,083 $1,782,983 $1,144,302 $51,100
2020 $1,714,322 $1,777,279 $1,281,171 $-62,957
2019 $1,580,223 $1,575,091 $1,105,909 $5,132
2018 $1,674,334 $1,759,719 $1,069,280 $-85,385
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