Midwest Business Finance Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,999,837 | 2,595,380 | −595,543 | 5.4 | 59% |
| 2012 | 2,369,338 | 2,009,531 | 359,807 | 9.1 | 53% |
| 2013 | 2,394,219 | 1,975,761 | 418,458 | 12.3 | 56% |
| 2014 | 2,347,187 | 1,967,519 | 379,668 | 14.7 | 56% |
| 2015 | 2,533,038 | 2,225,982 | 307,056 | 14.6 | 58% |
| 2016 | 2,667,341 | 2,387,888 | 279,453 | 15.0 | 57% |
| 2017 | 2,579,720 | 2,476,452 | 103,268 | 15.0 | 57% |
| 2018 | 2,577,392 | 2,556,590 | 20,802 | 14.6 | 59% |
| 2019 | 2,826,328 | 2,673,673 | 152,655 | 14.7 | 58% |
| 2020 | 2,943,295 | 2,737,613 | 205,682 | 15.2 | 22% |
| 2021 | 3,041,380 | 3,016,973 | 24,407 | 13.9 | 22% |
| 2022 | 3,673,437 | 3,536,673 | 136,764 | 17.2 | 57% |
| 2023 | 4,245,343 | 3,921,562 | 323,781 | 16.5 | 55% |
In its most recent public year (2023), this organization brought in $323,781 more than it spent. Its reserves stood at about 16.5 months of spending, up from 5.4 in 2011. Staff pay was 55% of spending. $54,771 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Midwest Business Finance Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works