75
Midwest Business Finance Corporation
Community Development · Saint Cloud, Minnesota
616 Roosevelt Rd Ste 200, Saint Cloud, MN 56301-4909
EIN: 411846655· Founded: Sep 1997· 29 years active· Filing Year: 2023
Annual Revenue
$4.2M
Total Expenses
$3.9M
Total Assets
$6.7M
Program Spending
106%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$659K
16.8% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$1.5M
Total Payroll
$2.2M
55% of total expenses
Where the Money Goes
100%
Programs: 100%
Payroll: 55%
Other overhead: -6%
Program Revenue$4.2M (98%)
Total Expenses$3.9M (92%)
Payroll$2.2M (55%)
Overhead (non-program)-6%
Trust Score Breakdown
Program Spending Ratio
106% of expenses go to programs
Revenue & Stability
$4.2M annual revenue
Executive Compensation
$659K total officer comp (16.8% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$6.7M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.