Midwest Medical Center
Midwest Medical Center shows consistent revenue growth and no reported officer compensation over the past decade.
EIN: 204560540 · Galena, IL · NTEE: E11 · Updated: 2026-03-28
Is Midwest Medical Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Midwest Medical Center directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Midwest Medical Center
Midwest Medical Center (EIN: 204560540) is a nonprofit organization based in Galena, IL, classified under NTEE code E11. The organization reported total revenue of $44.4M and total assets of $64.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midwest Medical Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Midwest Medical Center with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Midwest Medical Center allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Midwest Medical Center consistently reports 0% officer compensation across all available filings, indicating that executive salaries are either not paid or are not reported in a manner that triggers this disclosure, which is highly unusual for an organization of its size and revenue, or that compensation is included in other expense categories.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Midwest Medical Center's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and could indicate a reporting anomaly or a unique compensation structure that warrants further scrutiny.
Strengths
The following positive indicators were identified for Midwest Medical Center:
- Consistent revenue growth, increasing from $20.8 million in 2014 to $37.8 million in 2023, demonstrating strong operational performance.
- Positive net income in recent years, such as a $1,584,472 surplus in 2023, indicating sound financial management.
- Growing asset base, from $45.5 million in 2014 to $49.6 million in 2023, enhancing long-term financial capacity.
- Improved asset-to-liability ratio in recent years, moving from a negative net asset position in some earlier years to a positive one in 2023.
Frequently Asked Questions about Midwest Medical Center
Is Midwest Medical Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Midwest Medical Center (EIN: 204560540) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Midwest Medical Center spend its money?
Midwest Medical Center directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Midwest Medical Center tax-deductible?
Midwest Medical Center is registered as a tax-exempt nonprofit (EIN: 204560540). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Midwest Medical Center manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues in the tens of millions. This could mean that executive compensation is either very low, not reported under 'officer compensation' but rather as part of general salaries, or that the organization has a unique compensation structure. Further investigation into their detailed Form 990 would be needed to understand this.
What is the trend in Midwest Medical Center's net assets?
Midwest Medical Center's net assets (Assets - Liabilities) have fluctuated but shown a positive trend in recent years. For example, net assets were $7,641,103 in 2023 ($49,632,897 - $41,991,794), a significant improvement from previous years where liabilities sometimes exceeded assets, such as in 2018 ($42,539,247 assets vs. $47,431,493 liabilities).
Is Midwest Medical Center financially stable given its liabilities?
While Midwest Medical Center has carried significant liabilities, especially in earlier years (e.g., $50,169,683 in 2014 against $45,571,830 in assets), recent filings show a healthier balance. In 2023, assets ($49,632,897) comfortably exceeded liabilities ($41,991,794), indicating improved financial stability and a positive equity position.
Filing History
IRS 990 filing history for Midwest Medical Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midwest Medical Center's revenue has grown by 126.9%, moving from $16.7M to $37.9M. Total assets increased by 3.3% over the same period, from $48.0M to $49.6M. Total functional expenses rose by 95%, from $18.6M to $36.3M. In its most recent filing year (2023), Midwest Medical Center reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $42.0M in liabilities against $49.6M in assets (debt-to-asset ratio: 84.6%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $37.9M | $36.3M | $49.6M | $42.0M | — | — |
| 2022 | $35.9M | $33.6M | $43.4M | $37.4M | — | — |
| 2021 | $34.9M | $29.4M | $42.3M | $38.5M | — | View 990 |
| 2020 | $28.7M | $26.1M | $41.2M | $42.9M | — | — |
| 2019 | $26.3M | $25.7M | $35.0M | $39.2M | — | View 990 |
| 2018 | $26.0M | $25.6M | $42.5M | $47.4M | — | View 990 |
| 2017 | $24.3M | $24.8M | $41.8M | $47.0M | — | View 990 |
| 2016 | $24.3M | $24.0M | $43.4M | $48.1M | — | View 990 |
| 2015 | $22.4M | $23.0M | $44.4M | $49.4M | — | View 990 |
| 2014 | $20.9M | $21.5M | $45.6M | $50.2M | — | View 990 |
| 2013 | $18.8M | $19.7M | $46.0M | $50.0M | — | View 990 |
| 2012 | $18.8M | $20.4M | $47.1M | $50.2M | — | View 990 |
| 2011 | $16.7M | $18.6M | $48.0M | $49.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37.9M, expenses of $36.3M, and assets of $49.6M (revenue +5.6% year-over-year).
- 2022: Revenue of $35.9M, expenses of $33.6M, and assets of $43.4M (revenue +2.9% year-over-year).
- 2021: Revenue of $34.9M, expenses of $29.4M, and assets of $42.3M (revenue +21.5% year-over-year).
- 2020: Revenue of $28.7M, expenses of $26.1M, and assets of $41.2M (revenue +9.0% year-over-year).
- 2019: Revenue of $26.3M, expenses of $25.7M, and assets of $35.0M (revenue +1.3% year-over-year).
- 2018: Revenue of $26.0M, expenses of $25.6M, and assets of $42.5M (revenue +6.9% year-over-year).
- 2017: Revenue of $24.3M, expenses of $24.8M, and assets of $41.8M (revenue -0.1% year-over-year).
- 2016: Revenue of $24.3M, expenses of $24.0M, and assets of $43.4M (revenue +8.6% year-over-year).
- 2015: Revenue of $22.4M, expenses of $23.0M, and assets of $44.4M (revenue +7.4% year-over-year).
- 2014: Revenue of $20.9M, expenses of $21.5M, and assets of $45.6M (revenue +11.0% year-over-year).
- 2013: Revenue of $18.8M, expenses of $19.7M, and assets of $46.0M (revenue +-0.0% year-over-year).
- 2012: Revenue of $18.8M, expenses of $20.4M, and assets of $47.1M (revenue +12.7% year-over-year).
- 2011: Revenue of $16.7M, expenses of $18.6M, and assets of $48.0M.
Data Sources and Methodology
This transparency report for Midwest Medical Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.