MIDWAY APARTMENTS INC (EIN 581485399) - 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

7702278975

Tax Period

2024-01-01 to 2024-12-31

MIDWAY APARTMENTS INC, founded in 1982, is a small nonprofit in the Mental Health sector that reported $367K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

Midway Recovery Systems is a private, non-profit organization which offers a 90-day Intensive Residential Recovery Program for alcohol and drug addiction for males twenty-one (21) and older.

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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 $349,504

Program Service Revenue $17,616

Investment Income $0

Other Revenue $0

TOTAL REVENUE $367,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,006

Fundraising Expenses $8,741

Program Expenses $239,169

Other Expenses $132,532

TOTAL EXPENSES $372,538

Year-over-Year Comparison

	2024	2023	Change
Revenue	$367,120	$316,201	+0.2%
Expenses	$372,538	$353,341	+0.1%
Net Income	$-5,418	$-37,140	-0.9%

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

$72,178

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS MORGAN	PROG. DIRECTOR	40.00	Director	$52,678	$0	$52,678
TONI MONROE	Executive Dir.	40.00	Director	$19,500	$0	$19,500
REV WESLEY SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
WALTER JONES JR	Chairman	3.00	Officer Director	$0	$0	$0
DANIEL SEARCY	Treasurer	3.00	Officer Director	$0	$0	$0
DR ROBERT HALL	BOARD MEMBER	2.00	Director	$0	$0	$0
MARCY FLANAGAN	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM INGLIS	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT VAUGHN	BOARD MEMBER	2.00	Director	$0	$0	$0
HAL JOHNSON	BOARD MEMBER	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
2024	$367,120	$372,538	$347,995	$-5,418
2023	$316,201	$353,341	$329,026	$-37,140
2022	$322,134	$314,502	$374,631	$7,632
2021	$310,146	$303,579	$378,941	$6,567
2020	$255,914	$285,813	$418,361	$-29,899
2019	$332,355	$243,626	$433,298	$88,729
2018	$348,010	$154,917	$369,718	$193,093

MIDWAY APARTMENTS INC