MIDLAND INSTITUTE FOR ENTREPRENEURSHIP NFP (EIN 474275347) - 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

2015

Legal Domicile

Principal Officer

DONALD WILSON

Phone

5023548816

Tax Period

2024-01-01 to 2024-12-31

MIDLAND INSTITUTE FOR ENTREPRENEURSHIP NFP, founded in 2015, is a small nonprofit in the Education sector that reported $807K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 24% operating deficit.

Mission

MIDLAND INSTITUTE FOR ENTREPRENEURSHIP, NFP WAS FORMED FOR CHARITABLE AND EDUCATIONAL PURPOSES, SPECIFICALLY, THE PURPOSE TO ESTABLISH AND MAINTAIN A HIGH QUALITY EDUCATIONAL PROGRAM KNOWN AS CREATING ENTREPRENEURIAL OPPORTUNITIES (CEO) PROGRAMS FOR SELECT JUNIOR AND SENIOR HIGH SCHOOL STUDENTS. IN ADDITION, MIDLAND INSTITUTE FOR ENTREPRENEURSHIP, NFP PROVIDES RESOURCES TO COMMUNITIES TO AID IN THE ESTABLISHMENT OF CEO PROGRAMS IN COMMUNITIES THROUGHOUT THE UNITED STATES. MIDLAND INSTITUTE FOR ENTREPRENEURSHIP, NFP PROVIDES INITIAL AND ONGOING TRAINING, SUPPORT AND MATERIALS TO THESE COMMUNITIES TO ESTABLISH AND MAINTAIN THE CEO PROGRAMS.

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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 $272,210

Program Service Revenue $490,750

Investment Income $29,304

Other Revenue $14,367

TOTAL REVENUE $806,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $543,580

Fundraising Expenses $71,991

Program Expenses $846,212

Other Expenses $457,344

TOTAL EXPENSES $1,000,924

Year-over-Year Comparison

	2024	2023	Change
Revenue	$806,631	$626,842	+0.3%
Expenses	$1,000,924	$832,028	+0.2%
Net Income	$-194,293	$-205,186	-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

Volunteers

N/A

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
VAN AUSTIN BROOKS	FORMER EXEC.	40.00		$100,436	$0	$100,436
ELLEN DIDIER	DIRECTOR	1.00	Director	$0	$0	$0
PAM HEMMEN	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN KEIGHER	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN KOERNER	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN MCBRIDE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF MEFFORD	DIRECTOR	1.00	Director	$0	$0	$0
BOB SCHULTZ	VICE BOARD C	2.00	Officer Director	$0	$0	$0
DONALD WILSON	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
WILBUR YOU	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	$806,631	$1,000,924	$1,190,553	$-194,293
2023	$626,842	$832,028	$1,172,299	$-205,186
2022	$1,204,789	$697,333	$1,452,747	$507,456
2021	$499,255	$666,703	$913,107	$-167,448
2020	$423,662	$672,414	$910,637	$-248,752
2019	$560,472	$570,353	$1,177,092	$-9,881

MIDLAND INSTITUTE FOR ENTREPRENEURSHIP NFP