Essential Families Midwest Inc (EIN 844124831) - 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

2020

Legal Domicile

Principal Officer

Terri English-Yancy

Phone

8162485316

Tax Period

2024-01-01 to 2024-12-31

Essential Families Midwest Inc, founded in 2020, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $321K, a strong 32% operating margin.

Mission

Essential Economic Mobility Program, Essential Resources, Essential Telehealth for the summary

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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 $1,002,325

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,002,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,202

Fundraising Expenses $0

Program Expenses $270,753

Other Expenses $562,059

TOTAL EXPENSES $681,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,002,325	$403,529	+1.5%
Expenses	$681,261	$326,257	+1.1%
Net Income	$321,064	$77,272	+3.2%

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

$117,776

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terri English-Yancy	CEO	40.00	Director	$79,253	$0	$79,253
Kenneth Yancy	Chief Mktg Ofcr	40.00	Director	$38,523	$0	$38,523
Dr Susan Wilson	Director	0.00	Director	$0	$0	$0
Steve McClure	Director	0.00	Director	$0	$0	$0
Keith Brown	Director	0.00	Director	$0	$0	$0
Holly Wilmes	Secretary	0.00	Director	$0	$0	$0
Doris Grant	Secretary	0.00	Director	$0	$0	$0
Leo Prieto	Secretary	0.00	Director	$0	$0	$0
Nicolle Jones	Secretary	0.00	Director	$0	$0	$0
Lauri Ealom	Secretary	0.00	Director	$0	$0	$0
Alicia Smith	Secretary	0.00	Director	$0	$0	$0
Jaycee Greene	Secretary	0.00	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	$1,002,325	$681,261	$966,957	$321,064
2024	No data	No data	No data	No data
2023	$403,529	$326,257	$159,540	$77,272
2023	$403,529	$378,676	$43,693	$24,853
2022	$209,228	$190,560	$18,840	$18,668
2022	No data	No data	No data	No data

Essential Families Midwest Inc