MERITUS HEALTH FOUNDATION INC (EIN 010639265) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

MAULIK JOSHI DRPH

Phone

3017908872

Tax Period

2024-07-01 to 2025-06-30

MERITUS HEALTH FOUNDATION INC, founded in 2002, is a community nonprofit in the Health Care sector that reported $6.2M in total revenue in fiscal year 2024. Revenue surged 231% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 28% operating margin.

Mission

TO PROVIDE FUND DEVELOPMENT, FINANCIAL, AND OTHER ASSISTANCE TO MERITUS HEALTH, INC. AND AFFILIATES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,875,385

Program Service Revenue $0

Investment Income $252,505

Other Revenue $108,018

TOTAL REVENUE $6,235,908

Expense Breakdown

Grants Paid $4,248,984

Salaries & Benefits $0

Fundraising Expenses $6,601

Program Expenses $4,424,473

Other Expenses $246,277

TOTAL EXPENSES $4,495,261

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,235,908	$1,881,452	+2.3%
Expenses	$4,495,261	$1,449,077	+2.1%
Net Income	$1,740,647	$432,375	+3.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$2,636,861

Total Directors

$1,666,854

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAULIK JOSHI DR PH	PRESIDENT & CEO	3.00	Officer Director	$0	$248,681	$1,662,052
NICOLE RAPPAPORT	CHAIR	3.00	Director	$0	$0	$0
WAYNE ALTER	DIRECTOR (THRU 1/2025)	3.00	Director	$0	$0	$0
JANE ANDERSON	DIRECTOR	3.00	Director	$0	$0	$0
RYAN LAMPTON	DIRECTOR	3.00	Director	$0	$0	$0
CORY MOSKOWITZ	DIRECTOR	3.00	Director	$0	$0	$0
LAWRENCE SUMMERS	DIRECTOR	3.00	Director	$0	$0	$4,802
LORNA THOMAS	DIRECTOR (THRU 1/2025)	3.00	Director	$0	$0	$0
REGGIE TURNER	DIRECTOR	3.00	Director	$0	$0	$0
LINDA EBERSOLE	DIRECTOR	3.00	Director	$0	$0	$0
TIA DOWDELL	DIRECTOR	3.00	Director	$0	$0	$0
ASHTON VATTELANA	DIRECTOR	3.00	Director	$0	$0	$0
JACOB ASHBY	DIRECTOR (AS OF 1/2025)	3.00	Director	$0	$0	$0
LARRY BAYER	DIRECTOR (AS OF 1/2025)	3.00	Director	$0	$0	$0
GERRY PHILIP	DIRECTOR (AS OF 1/2025)	3.00	Director	$0	$0	$0
GREG SNOOK	DIRECTOR (AS OF 1/2025)	3.00	Director	$0	$0	$0
BRENDA THIAM	DIRECTOR (AS OF 1/2025)	3.00	Director	$0	$0	$0
JOSHUA REPAC	CFO/TREASURER	3.00	Officer	$0	$70,721	$566,310
LYNN HAINES	VP, LEGAL SERVICES/SECRETARY	3.00	Officer	$0	$61,048	$408,499

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	$6,235,908	$4,495,261	$16,972,899	$1,740,647
2024	$1,881,452	$1,449,077	$12,551,533	$432,375
2023	$10,015,612	$3,843,651	$11,654,779	$6,171,961
2022	$2,002,105	$2,612,289	$5,171,160	$-610,184
2021	$1,098,593	$1,232,820	$8,714,975	$-134,227

MERITUS HEALTH FOUNDATION INC