Midwest Hemp Council Inc

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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

2019

Legal Domicile

Principal Officer

Jamie Campbell Petty

Phone

3173705208

Tax Period

2024-01-01 to 2024-12-31

Midwest Hemp Council Inc, founded in 2019, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $7K in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1K, a strong 18% operating margin.

Mission

To educate, promote and contribute to the development of the industrial hemp industry in Indiana.

Program Service Accomplishments

Program 1

To educate, promote and contribute to the development of the industrial hemp industry in Indiana.

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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 $6,810

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,609

TOTAL EXPENSES $5,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,810	$31,927	-0.8%
Expenses	$5,609	$30,990	-0.8%
Net Income	$1,201	$937	+0.3%

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

N/A

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
Alan Kimbell	Secretary	N/A	Officer	$0	$0	$0
Justin Swanson	President	N/A	Officer	$0	$0	$0
Jamie Campbell Petty	Treasurer	N/A	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	No data	No data	No data	No data
2024	$6,810	$5,609	$2,842	$1,201
2023	$31,927	$30,990	$1,641	$937
2022	$29,012	$36,915	$704	$-7,903
2021	$115,130	$124,881	$10,178	$-9,751