MID-WEST TOOL COLLECTORS ASSOCIATION INC (EIN 521370394) - 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

1982

Legal Domicile

Phone

5404320617

Tax Period

2025-01-01 to 2025-12-31

MID-WEST TOOL COLLECTORS ASSOCIATION INC, founded in 1982, is a micro nonprofit that reported $90K in total revenue in fiscal year 2025. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $121K exceeded revenue, resulting in a 34% operating deficit.

Mission

STUDYING, PRESERVING AND SHARING KNOWLEDGE OF TOOLS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $59,666

Program Service Revenue $11,054

Investment Income $19,350

Other Revenue $0

TOTAL REVENUE $90,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,218

Fundraising Expenses $0

Program Expenses $85,387

Other Expenses $102,595

TOTAL EXPENSES $120,813

Year-over-Year Comparison

	2025	2024	Change
Revenue	$90,070	$137,395	-0.3%
Expenses	$120,813	$142,918	-0.2%
Net Income	$-30,743	$-5,523	+4.6%

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

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
GARY KANE	PRESIDENT	4.00	Officer Director	$0	$0	$0
JOHN ROSS	SECRETARY & DIRECTOR OF AREA M	2.00	Officer Director	$0	$0	$0
KRIS WALLACE	TREASURER	10.00	Officer Director	$0	$0	$0
LARRY THORSON	VP MEETING PLANNING	4.00	Officer Director	$0	$0	$0
JAME WRIGHT	VP MEMBERSHIP	2.00	Officer Director	$0	$0	$0
MARK EASTLICK	VP SCHOLARSHIP	2.00	Officer Director	$0	$0	$0
DWIGHT TRAHIN	VP ELECTIONS	2.00	Officer Director	$0	$0	$0
SHANE CHRISTEN	DIRECTOR AREA A	2.00	Director	$0	$0	$0
GARY KANE	DIRECTOR AREA B	2.00	Director	$0	$0	$0
MIKE STEMPLE	DIRECTOR AREA C	2.00	Director	$0	$0	$0
ELI ARNOLD	DIRECTOR AREA D	2.00	Director	$0	$0	$0
LOUIS WATKINS	DIRECTOR AREA E	2.00	Director	$0	$0	$0
BRENT RICHARDSON	DIRECTOR AREA M	2.00	Director	$0	$0	$0
MIKE URNESS	DIRECTOR AREA J	2.00	Director	$0	$0	$0
PETE TARAN	DIRECTOR AREA G	2.00	Director	$0	$0	$0
MATT BORDERS	DIRECTOR AREA F	2.00	Director	$0	$0	$0
LOUIS WATKINS	DIRECTOR AREA E	2.00	Director	$0	$0	$0
JANE BUTLER	DIRECTOR AREA H	2.00	Director	$0	$0	$0
JASON FINK	DIRECTOR AREA L	2.00	Director	$0	$0	$0
LEON KASHISHIAN	DIRECTOR AREA P	2.00	Director	$0	$0	$0
JEFF CARMEAN	DIRECTOR AREA Q	2.00	Director	$0	$0	$0
STEVE CROW	DIRECTOR AREA O	2.00	Director	$0	$0	$0
PRESTON SWEENEY	DIRECTOR AREA R	2.00	Director	$0	$0	$0
LEON KASHISHIAN	DIRECTOR AREA P	2.00	Director	$0	$0	$0
ERIC CHRISTENSEN	DIRECTOR AREA N	2.00	Director	$0	$0	$0
DAVID HEDGEWOOD	DIRECTOR AREA I	2.00	Director	$0	$0	$0
BRIAN BANCROFT	DIRECTOR AREA K	2.00	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	$90,070	$120,813	$1,124,798	$-30,743
2024	$137,395	$142,918	$1,097,633	$-5,523
2023	$158,312	$153,445	$1,053,307	$4,867
2022	$109,117	$123,692	$1,111,830	$-14,575
2021	$248,585	$133,428	$1,126,405	$115,157
2020	$247,255	$114,350	$906,214	$132,905
2019	$242,278	$149,441	$703,511	$92,837
2018	$238,701	$140,842	$562,018	$97,859

MID-WEST TOOL COLLECTORS ASSOCIATION INC