FRIENDS OF MIDAS INC

EIN: 880330011 501(c)(3) Arts, Culture & Humanities

MIDAS, NV

Total Revenue
$270,298
Total Expenses
$12,792
Total Assets
$336,063
Net Assets
$336,063
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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
1994
Legal Domicile
NV
Phone
7753359463
Tax Period
2025-01-01 to 2025-12-31

FRIENDS OF MIDAS INC, founded in 1994, is a small nonprofit in the Arts, Culture & Humanities sector that reported $270K in total revenue in fiscal year 2025. The organization ran a surplus of $258K, a strong 95% operating margin.

Mission

FRIENDS OF MIDAS IS DEDICATED TO THE PRESERVATION AND PRESENTATION OF THE HISTORY OF MIDAS AND THE SURROUNDING GOLD CIRCLE MINING DISTRICT IN NORTHEASTERN NEVADA.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $249,451
Program Service Revenue $491
Investment Income $20,356
Other Revenue $0
TOTAL REVENUE $270,298

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $11,196
Other Expenses $12,792
TOTAL EXPENSES $12,792

Year-over-Year Comparison

2025 2024 Change
Revenue $270,298 N/A N/A
Expenses $12,792 N/A N/A
Net Income $257,506 N/A N/A
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

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Governance

Voting Members
6
Independent Members
6
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAMELA MORTARA DIRECTOR 10.00
Director
$0 $0 $0
JENNIFER WILHELM DIRECTOR 10.00
Director
$0 $0 $0
JAMES SCHENNUN DIRECTOR 10.00
Director
$0 $0 $0
DANA R BENNETT PRESIDENT 10.00
Officer
$0 $0 $0
SHERI BARLOW SECRETARY 10.00
Officer
$0 $0 $0
DAVID MORRIS TREASURER 10.00
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 $270,298 $12,792 $336,063 $257,506
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