Midwest Finance Association (EIN 621126304) - 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

Legal Domicile

Phone

8479098101

Tax Period

2025-01-01 to 2025-12-31

Midwest Finance Association is a small nonprofit that reported $231K in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year. Net assets of $644K represent 33 months of operating reserves.

Mission

DEVELOP/SUPPORT RESEARCH IN FINANCIAL THEORY/PRACTICE

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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 $0

Program Service Revenue $207,126

Investment Income $22,039

Other Revenue $1,508

TOTAL REVENUE $230,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,000

Fundraising Expenses $0

Other Expenses $209,572

TOTAL EXPENSES $234,572

Year-over-Year Comparison

	2025	2024	Change
Revenue	$230,673	$269,450	-0.1%
Expenses	$234,572	$205,900	+0.1%
Net Income	$-3,899	$63,550	-1.1%

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

N/A

Volunteers

250

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

$25,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Craig Furfine	Treasurer	5.00	Officer	$10,000	$0	$10,000
Stanislava Stas Nikolova	Secretary	5.00	Officer	$10,000	$0	$10,000
David Feldman	Vice President	5.00	Officer	$5,000	$0	$5,000
Manuel Adelino	Past President	5.00	Director	$0	$0	$0
Edith Hotchkiss	Director	5.00	Director	$0	$0	$0
Sabrina Howell	Director	5.00	Director	$0	$0	$0
Elena Loutskina	Director	5.00	Director	$0	$0	$0
Veronika Pool	Director	5.00	Director	$0	$0	$0
Andrea Vedolin	Director	5.00	Director	$0	$0	$0
Michael Weber	Director	5.00	Director	$0	$0	$0
Gene Amromin	Director	5.00	Director	$0	$0	$0
Mark Carey	Director	5.00	Director	$0	$0	$0
Martin Fridson	Director	5.00	Director	$0	$0	$0
Dasol Kim	Director	5.00	Director	$0	$0	$0
Rene Adams	Advis Brd Chair	5.00	Officer	$0	$0	$0
Clemens Sialm	President	10.00	Officer	$0	$0	$0
Bjrn Eraker	Pres Elect	10.00	Officer	$0	$0	$0
Amiyatosh Purnanandam	Vice President	5.00	Officer	$0	$0	$0
Zhi Da	Vice Pres-Elect	5.00	Officer	$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	$230,673	$234,572	$643,962	$-3,899
2024	No data	No data	No data	No data
2023	$224,195	$177,053	$584,292	$47,142
2022	$175,675	$118,126	$537,150	$57,549

Midwest Finance Association