MIDWEST GERIATRICS INC (EIN 470727974) - 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

1989

Legal Domicile

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

The management team employed by Midwest Geriatrics Inc. utilizes their skills from pharmaceutical expertise to public relations to finance in operating Florence Home Healthcare Center Royale Oaks Assisted Living House of Hope Alzheimers Care Senior Health Foundation and Gerimed and Unimed Pharmacies.

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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 $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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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

$486,263

Total Directors

$486,263

Key Employees

Highest Compensated

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

MIDWEST GERIATRICS INC