MERTENS HOUSE INC (EIN 030293103) - 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

1984

Legal Domicile

Principal Officer

HEATHER PRESCH

Phone

8024574411

Tax Period

2023-01-01 to 2023-12-31

MERTENS HOUSE INC, founded in 1984, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 124% operating deficit.

Mission

A 14 BED LONG TERM CARE FACILITY PROVIDING INDIVIDUALIZED CARE 24 HOURS A DAY IN A HOME-LIKE SETTING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,700

Program Service Revenue $1,525,260

Investment Income $-228,647

Other Revenue $0

TOTAL REVENUE $1,302,313

Expense Breakdown

Grants Paid $554,921

Salaries & Benefits $1,529,022

Fundraising Expenses $0

Program Expenses $2,280,948

Other Expenses $833,443

TOTAL EXPENSES $2,917,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,302,313	$2,424,579	-0.5%
Expenses	$2,917,386	$2,842,064	+0.0%
Net Income	$-1,615,073	$-417,485	+2.9%

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

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

$168,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE SEELY	PRESIDENT	1.50	Officer Director	$0	$0	$0
ISABELLE BRADLEY	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
RICH KOZLOWSKI	TREASURER	1.50	Officer Director	$0	$0	$0
REBECCA TALCOTT	SECRETARY	1.50	Officer Director	$0	$0	$0
RICHARD ATWOOD	TRUSTEE	1.00	Director	$0	$0	$0
RAY BOURGEOIS	TRUSTEE	1.00	Director	$0	$0	$0
SANDY GILMOUR	TRUSTEE	1.00	Director	$0	$0	$0
ANNE MARINELLO	TRUSTEE	1.00	Director	$0	$0	$0
HEATHER PRESCH	EXECUTIVE DIRECTOR	40.00	Officer	$155,538	$12,731	$168,269

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
2024	No data	No data	No data	No data
2023	$1,302,313	$2,917,386	$30,791,514	$-1,615,073
2022	$2,424,579	$2,842,064	$28,691,123	$-417,485
2021	$5,343,919	$2,410,474	$35,108,738	$2,933,445
2020	$3,028,918	$2,618,315	$32,693,405	$410,603
2019	$3,352,632	$2,509,240	$30,876,416	$843,392
2018	$3,289,144	$1,950,511	$26,687,973	$1,338,633

MERTENS HOUSE INC