Midwest Energy Inc (EIN 480163970) - 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

1978

Legal Domicile

Principal Officer

Thomas S Meis

Phone

8002223121

Tax Period

2024-01-01 to 2024-12-31

Midwest Energy Inc, founded in 1978, is a major nonprofit that reported $206.4M in total revenue in fiscal year 2024.

Mission

Midwest Energys mission is to: -provide safe, reliable and efficient energy services -deliver innovative, affordable and environmentally sound solutions

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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 $0

Program Service Revenue $206,127,230

Investment Income $227,632

Other Revenue $0

TOTAL REVENUE $206,354,862

Expense Breakdown

Grants Paid $202,915

Salaries & Benefits $29,147,052

Fundraising Expenses $0

Other Expenses $164,980,363

TOTAL EXPENSES $206,809,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,354,862	$215,208,326	0.0%
Expenses	$206,809,463	$215,738,574	0.0%
Net Income	$-454,601	$-530,248	-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

315

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

$1,089,960

Total Directors

$125,300

Key Employees

$2,744,086

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Louise Berning	Director	9.00	Director	$8,800	$0	$8,800
John Blackwell	Director	20.00	Director	$22,550	$0	$22,550
Lon Frahm	Director	7.00	Director	$6,800	$0	$6,800
Keith Miller	Director	2.00	Director	$5,700	$0	$5,700
Chuck Moore	Director	6.50	Director	$10,650	$0	$10,650
Judy Thurman	Director	2.50	Director	$3,850	$0	$3,850
Ed Pratt	Director	8.00	Director	$18,600	$0	$18,600
Juanita Stecklein	Director	0.00	Director	$16,150	$0	$16,150
Dale Unruh	Director	8.00	Director	$16,600	$0	$16,600
Emily Campbell	Director	7.00	Director	$15,600	$0	$15,600
Thomas S Meis	VP Finance, CFO	40.00	Officer	$257,880	$77,274	$335,154
William Dowling	VP Engineering & Energy Supply (Ret)	7.00	Key Emp	$274,991	$38,720	$313,711
Fredrick Taylor	VP Operations	40.00	Key Emp	$253,303	$91,557	$344,860
Patrick Parke	CEO	50.00	Officer	$465,161	$57,176	$522,337
Timothy Flax	VP Information Technology	55.00	Key Emp	$251,141	$41,527	$292,668
Nathan McNeil	Director of Engineering	50.00	Key Emp	$208,856	$36,758	$245,614
Randy VanAllen	Manager of Protection Systems	50.00	Key Emp	$184,161	$36,530	$220,691
Justin MacDonald	VP Customer Service	50.00	Key Emp	$203,978	$36,671	$240,649
Mike Morley	Director, Corporate Communications	45.00	Key Emp	$161,219	$35,228	$196,447
Schamra Detherage	Asst. Sec & VP HR	50.00	Officer	$198,076	$34,393	$232,469
Aaron Rome	Director of Energy Supply	42.00	Key Emp	$189,033	$55,131	$244,164
John Horesky	Operations Manager	50.00	Key Emp	$160,306	$33,544	$193,850
Brett Albert	Operations Manager	50.00	Key Emp	$152,360	$62,332	$214,692
Brenton Miles	Operations Manager	50.00	Key Emp	$150,967	$85,773	$236,740
Brian McKinney	Operations Manager	45.00	Highest	$147,428	$0	$147,428
Stephen Mazouch	Manager of Transmission Construction	40.00	Highest	$143,937	$0	$143,937
Hali Bielser	Director of Project Management Office	40.00	Highest	$136,199	$0	$136,199
Nathan Schippers	Line Foreman	47.00	Highest	$137,480	$0	$137,480
Charles Burruss	Manager of Reliability Compliance	40.00	Highest	$139,044	$0	$139,044

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	$206,354,862	$206,809,463	$706,684,714	$-454,601
2023	$215,208,326	$215,738,574	$661,004,887	$-530,248
2022	$247,394,171	$247,392,917	$645,218,171	$1,254
2021	$242,109,196	$242,708,525	$627,319,066	$-599,329
2020	$193,527,663	$194,229,538	$638,262,477	$-701,875
2019	$210,845,368	$211,737,544	$619,414,087	$-892,176
2018	$221,956,002	$222,341,705	$606,053,625	$-385,703

Midwest Energy Inc