Civic Intelligence

MID-Land Meals Inc.

990 • Fiscal year 2014 • EIN 23-7337408

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 28, 2015

3313 Concord RoadLafayette, IN 47909

(765) 477-7189

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.42x

Higher debt load relative to assets than 74% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

66th percentile

0.26x

Higher debt load relative to revenue than 66% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

61st percentile

6.6%

Higher net margin than 61% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

52nd percentile

$65,671

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

13th percentile

-8.9%

Faster asset growth than 13% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

54th percentile

5.3%

Faster revenue growth than 54% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$1,433,820

Down $140,873 (-8.9%) from 2013

Net Assets

Up

$838,460

Up $120,244 (+17%) from 2013

Liabilities

Down

$595,360

Down $261,117 (-30%) from 2013

Revenue

Up

$2,270,834

Up $113,768 (+5.3%) from 2013

Expenses

Down

$2,121,588

Down $59,067 (-2.7%) from 2013

Net Income

Up

$149,246

Up $172,835 (+733%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,641,841Liabilities 2011: $632,699Net Assets 2011: $1,009,1422011Assets 2012: $1,644,042Liabilities 2012: $902,237Net Assets 2012: $741,8052012Assets 2013: $1,574,693Liabilities 2013: $856,477Net Assets 2013: $718,2162013Assets 2014: $1,433,820Liabilities 2014: $595,360Net Assets 2014: $838,4602014Assets 2015: $1,459,031Liabilities 2015: $599,674Net Assets 2015: $859,3572015Assets 2016: $1,470,384Liabilities 2016: $514,621Net Assets 2016: $955,7632016Assets 2017: $1,463,220Liabilities 2017: $406,397Net Assets 2017: $1,056,8232017Assets 2018: $1,470,822Liabilities 2018: $391,947Net Assets 2018: $1,078,8752018Assets 2019: $1,415,802Liabilities 2019: $415,543Net Assets 2019: $1,000,2592019Assets 2020: $1,568,385Liabilities 2020: $339,837Net Assets 2020: $1,228,5482020Assets 2021: $1,643,796Liabilities 2021: $339,953Net Assets 2021: $1,303,8432021Assets 2022: $1,405,773Liabilities 2022: $123,187Net Assets 2022: $1,282,5862022Assets 2023: $1,496,560Liabilities 2023: $95,013Net Assets 2023: $1,401,5472023Assets 2024: $1,658,668Liabilities 2024: $65,506Net Assets 2024: $1,593,1622024

Highlighted filing

2014

Assets$1,433,820
Liabilities$595,360
Net Assets$838,460

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2011: $2,025,2622011Expenses 2012: $2,472,9402012Revenue 2013: $2,157,066Expenses 2013: $2,180,655Net Income 2013: -$23,5892013Revenue 2014: $2,270,834Expenses 2014: $2,121,588Net Income 2014: $149,2462014Revenue 2015: $2,220,649Expenses 2015: $2,199,752Net Income 2015: $20,8972015Revenue 2016: $1,976,903Expenses 2016: $1,880,497Net Income 2016: $96,4062016Revenue 2017: $2,153,512Expenses 2017: $2,052,452Net Income 2017: $101,0602017Revenue 2018: $2,213,512Expenses 2018: $2,191,460Net Income 2018: $22,0522018Revenue 2019: $2,326,855Expenses 2019: $2,405,471Net Income 2019: -$78,6162019Revenue 2020: $3,039,411Expenses 2020: $2,811,122Net Income 2020: $228,2892020Revenue 2021: $2,653,335Expenses 2021: $2,578,040Net Income 2021: $75,2952021Revenue 2022: $3,071,002Expenses 2022: $3,092,259Net Income 2022: -$21,2572022Revenue 2023: $3,801,955Expenses 2023: $3,839,210Net Income 2023: -$37,2552023Revenue 2024: $3,959,624Expenses 2024: $3,763,077Net Income 2024: $196,5472024

Highlighted filing

2014

Revenue$2,270,834
Expenses$2,121,588
Net Income$149,246
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 28, 2015
Return Version
2014v5.0
Gross Receipts
$2,270,834
Mission and Program Overview

Mission

To plan, coordinate, and provide meals and nutritional services primarily for the elderly, disabled, and low-income individuals in Tippecanoe county and seven other surrounding counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,165,666$1,120,749▼ $44,917
Pledges and Grants Receivable$124,640$155,949▲ $31,309
Accounts Receivable$190,728$113,865▼ $76,863
Inventories for Sale or Use$27,202$29,167▲ $1,965
Cash and Non-Interest-Bearing Accounts$66,457$14,090▼ $52,367
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,574,693$1,433,820▼ $140,873
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$509,935$353,837▼ $156,098
Accounts Payable and Accrued Expenses$276,362$148,857▼ $127,505
Other Liabilities$70,180$92,666▲ $22,486
Total Liabilities$856,477$595,360▼ $261,117
Net Assets / Fund Balance
Unrestricted Net Assets$718,216$838,460▲ $120,244
Total Net Assets Fund Balance$718,216$838,460▲ $120,244
Total Liabilities and Net Assets / Fund Balance$1,574,693$1,433,820▼ $140,873

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,012,227$459,262$1,471,489
Equipment$75,556$510,475$586,031
Land$32,966-$32,966
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elaine BrovontExecutive DirecFT$64,002$1,669$65,671

Board Members and Trustees

NameTitle
Joanne BroadwaterPresident
Jim SchoenVice President
Barb ReifDirector
Carole MillerDirector
Diane FosterDirector
Don LeheDirector
James FosterDirector
Kendra PriceDirector
Lorrie MacKenzieDirector
Monica DoerrDirector
Ron CripeDirector
Suzann ShackletonDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Stanz Foodservice IncFood and suppliesPO Box 24, South Bend, IN 46624-0024$689,029
Revenue and Support

Revenue Composition

Contributions and Grants
$627,988
Program Service Revenue
$1,642,674
Investment Income
$172
Other Revenue
$0
All Other Contributions
$525
Change in Net Assets
$149,246

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,270,834
Revenue Not Reported on Form 990
$151,150
Total Revenue per Audited Statements
$2,421,984
Total Revenue per Form 990
$2,270,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,540,490
Salaries, Compensation, and Employee Benefits$581,098
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$376,467$100,785-$477,252
Occupancy$84,296--$84,296
Depreciation Depletion$74,879--$74,879
Current Officers, Directors, Trustees, and Key Employees$53,684$10,318-$64,002
Insurance$33,852--$33,852
Other Expenses$32,450$3,724-$32,450
Payroll Taxes$21,580$4,148-$25,728
Other Employee Benefits$11,840$2,276-$14,116
Fees for Services Accounting-$13,639-$13,639
All Other Expenses$12,871--$12,871
Interest$9,901--$9,901
Total Functional Expenses$1,986,698$134,890$0$2,121,588

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,272,738
Expenses per Audited Statements$2,121,588
Total Expenses per Form 990$2,121,588
Expenses Not Reported on Form 990$151,150
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued payroll$47,738
Accrued leave$44,928
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Mid-Land Meals, Inc.'s Form 990 and all related schedules, statements and attachments are reviewed and approved by the Executive Director and appropriate representative(s) from the Board of Director's Finance Committee prior to finalizing and filing these tax returns with the Internal Revenue Service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Mid-Land Meals has a conflict of interest policy. The policy includes statements about other employment and being related to anyone on the Board of Directors and other items that may be an issue. The enforcement of the policy depends on the situation that may create a potential conflict of interest. The identification and evaluation of those issues are discussed with the appropriate level of management or members of the Board of Directors in meetings and annual reviews.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Mid-Land Meals, Inc.'s Finance Committee determines and sets all staffing compensation rates to be given and recommends to the full Board of Directors for approval. Establishing compensation for the Executive Director consists of a variety of procedures that have been followed for evaluation. Including requests for evaluations by employees to the Board of Directors, private meeting with Board President or designed representative, review of independent comparable market data and deliberation with the full Board of Directors.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Mid-Land Meals, Inc.'s Finance Committee determines and sets all staffing compensation rates to be given and recommends to the full Board of Directors for approval. Establishing compensation for the Executive Director consists of a variety of procedures that have been followed for evaluation. Including requests for evaluations by employees to the Board of Directors, private meeting with Board President or designed representative, review of independent comparable market data and deliberation with the full Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Mid-Land Meals, Inc. makes its governing documents, conflict of interest policy and financial statements, as applicable, available to the public upon written request made to the attention of our Executive Director and received at our corporate office address.

Filing and Contact Details

Filer

Filer Name
Mid-Land Meals Inc
EIN
23-7337408
Phone
7654777189
Address
3313 Concord Road, Lafayette, IN 47909

Signing Officer

Name
Elaine Brovont
Title
Executive Director
Signed
2015-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elaine Brovont
Formed
1974
Legal Domicile
In
Voting Board Members
12
Independent Board Members
12
Employees
37
Volunteers
2,000

Preparer

Firm
Gauthier & Kimmerling LLC
Address
5750 Castle Creek Parkway Suite 245, Indianapolis, IN 46250
Preparer
Rickey Roysdon CPA
Phone
3175721130
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Mid-Land is exempt from federal income taxation under the Internal Revenue Code Section 501(c)(3). No provision for income taxes has been included in these financial statements since the Organization is exempt from taxation. Management believes that Mid-Land has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Management believes Mid-Land is no longer subject to income tax examination for years prior to 2011.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Reclass of misc income to expense $3206

Part XII, Line 2D: Other expenses and losses per audited F/S

Reclass of misc income to expense $3206

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.07$1.59$3.96$3.76$0.20
2023Detailed filing. Detailed filing data is available for this year.$1.50$0.10$1.40$3.80$3.84$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.41$0.12$1.28$3.07$3.09$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.64$0.34$1.30$2.65$2.58$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.57$0.34$1.23$3.04$2.81$0.23
2019Detailed filing. Detailed filing data is available for this year.$1.42$0.42$1.00$2.33$2.41$0.08
2018Detailed filing. Detailed filing data is available for this year.$1.47$0.39$1.08$2.21$2.19$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.46$0.41$1.06$2.15$2.05$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.47$0.51$0.96$1.98$1.88$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.46$0.60$0.86$2.22$2.20$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.43$0.60$0.84$2.27$2.12$0.15
2013Detailed filing. Detailed filing data is available for this year.$1.57$0.86$0.72$2.16$2.18$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.90$0.74$2.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.63$1.01$2.03