MIDWEST ENERGY RESEARCH CONSORTIUM INC (EIN 611618708) - 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

2010

Legal Domicile

Principal Officer

ELIZABETH THELEN

Phone

4744448208

Tax Period

2019-07-01 to 2020-06-30

MIDWEST ENERGY RESEARCH CONSORTIUM INC, founded in 2010, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2019. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 4% surplus.

Mission

DRIVING INNOVATION FOR THE ENERGY, POWER, AND CONTROLS SECTOR BY SYNCHRONIZING MARKET INSIGHTS, TECHNOLOGY INNOVATION AND TALENT & START-UP DEVELOPMENT INTO A NEW INNOVATION ENGINE FOR ECONOMIC DEVELOPMENT AND GROWTH.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,376,050

Program Service Revenue $0

Investment Income $39,779

Other Revenue $40,899

TOTAL REVENUE $1,456,728

Expense Breakdown

Grants Paid $397,498

Salaries & Benefits $359,382

Fundraising Expenses $46,637

Program Expenses $1,085,528

Other Expenses $648,702

TOTAL EXPENSES $1,405,582

Year-over-Year Comparison

	2019	2018	Change
Revenue	$1,456,728	$1,178,118	+0.2%
Expenses	$1,405,582	$1,197,615	+0.2%
Net Income	$51,146	$-19,497	-3.6%

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

Volunteers

128

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

$147,000

Total Directors

$147,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM KRUG	SECRETARY	1.00	Director	$0	$0	$0
ALAN PERLSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
AYMAN EL-RAFAIE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRETT PETERS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS EICHMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAN EBERT	EXECUTIVE DIRECTOR	40.00	Officer Director	$147,000	$0	$147,000
DAN TARRENCE	DIRECTOR	1.00	Director	$0	$0	$0
DAN THOMA	DIRECTOR	1.00	Director	$0	$0	$0
DEB ERWIN	DIRECTOR	1.00	Director	$0	$0	$0
DON ALBINGER	DIRECTOR	1.00	Director	$0	$0	$0
DON WINGATE	DIRECTOR	1.00	Director	$0	$0	$0
HAL KARAS	TREASURER	1.00	Officer Director	$0	$0	$0
HOWARD SNYDER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MARINO	DIRECTOR	1.00	Director	$0	$0	$0
MARK FELSHEIM	DIRECTOR	1.00	Director	$0	$0	$0
MARVIN KLOWAK	CHAIRMAN EMERITUS	1.00	Officer Director	$0	$0	$0
PATRICK O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL GOGAN	DIRECTOR	1.00	Director	$0	$0	$0
QUE EL-AMIN	DIRECTOR	1.00	Director	$0	$0	$0
REBEKAH KOWALSKI	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MEMORY	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
VINCENT RICE	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM WEBER	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE SMITH	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
2020	$1,456,728	$1,405,582	$2,074,471	$51,146
2019	$1,178,118	$1,197,615	$1,105,038	$-19,497
2018	$1,292,850	$1,440,760	$1,315,845	$-147,910

MIDWEST ENERGY RESEARCH CONSORTIUM INC