MIDWEST BANKCENTRE FOUNDATION RISI… - Form 990 Financial Data

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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

Tax Period

2023-01-01 to 2023-12-31

MIDWEST BANKCENTRE FOUNDATION RISING TOGETHER FOUNDATION, founded in 2020, is a micro nonprofit that reported $2K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $873, a strong 50% operating margin.

Mission

EMPOWER PEOPLE, ENABLE BUSINESSES, AND ENERGIZE NEIGHBORHOODS BY ADVANCING ECONOMIC PROSPERITY FOR ALL.

Program Service Accomplishments

Program 1

THE FOUNDATION IS WORKING TOWARDS ITS MISSION OF ADVANCING ECONOMIC PROSPERITY FOR ALL AND IS DEVELOPING ITS ACTION FOR FISCAL YEAR 2024. THE FUNDS AND SERVICES OF THE FOUNDATION WILL BE DISTRIBUTED TO THOSE DEFINED IN ITS 501(C)(3) APPROVAL, AND RECIPIENTS OF THOSE FUNDS AND SERVICES WILL BE CHOSEN BY THE DIRECTORS OF THE FOUNDATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $0

Investment Income $737

Other Revenue $0

TOTAL REVENUE $1,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $864

TOTAL EXPENSES $864

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,737	$250,004	-1.0%
Expenses	$864	N/A	N/A
Net Income	$873	$250,004	-1.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS KREHMEYER	CHAIRMAN	5.000	Officer Director	$0	$0	$0
WINTHROP REED III	VICE CHAIRMAN SEC	5.000	Officer Director	$0	$0	$0
WESLEY BURNS	TREASURER	5.000	Officer Director	$0	$0	$0
JULIE ERICKSON	OFFICER	5.000	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
2024	No data	No data	No data	No data
2023	$1,737	$864	No data	$873
2022	$250,004	No data	$250,004	No data

MIDWEST BANKCENTRE FOUNDATION RISING TOGETHER FOUNDATION