MERRIMACK VALLEY PROJECT INC (EIN 043132443) - 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

1992

Legal Domicile

Principal Officer

REV PETER A LOVETT

Phone

9786860650

Tax Period

2020-01-01 to 2020-12-31

MERRIMACK VALLEY PROJECT INC, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $205K in total revenue in fiscal year 2020. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 18% operating margin.

Mission

THE MISSION OF MVP IS TO UNITE RELIGIOUS, LABOR, AND COMMUNITY ORGANIZATIONS IN CAMPAIGNS TO EXPAND ECONOMIC OPPORTUNITIES AND GOOD JOBS, SAVE AND CREATE AFFORDABLE HOUSING, AND TO ADDRESS OTHER ISSUES RELATED TO THE WELFARE OF THE MERRIMACK VALLEY REGION; AND THROUGH THESE CAMPAIGNS TO DEVELOP THE LEADERSHIP SKILLS OF VALLEY RESIDENTS, PARTICULARLY THOSE UNDERREPRESENTED IN PUBLIC LIFE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $203,568

Program Service Revenue $0

Investment Income $20

Other Revenue $1,493

TOTAL REVENUE $205,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,461

Fundraising Expenses $2,811

Program Expenses $148,824

Other Expenses $52,301

TOTAL EXPENSES $168,762

Year-over-Year Comparison

	2020	2019	Change
Revenue	$205,081	$148,268	+0.4%
Expenses	$168,762	$160,969	+0.0%
Net Income	$36,319	$-12,701	-3.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV PETER LOVETT	PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICK CHIEH	VP OF PERSONNEL	2.00	Officer Director	$0	$0	$0
PAUL GAUDET	VP OF FUNDRAISING/TREASURER	2.00	Officer Director	$0	$0	$0
ALICE MANN	SECRETARY	2.00	Officer Director	$0	$0	$0
TANYA GOULD	DIRECTOR	2.00	Director	$0	$0	$0
ANA JAVIER	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN JONES	DIRECTOR	2.00	Director	$0	$0	$0

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
2020	$205,081	$168,762	$139,818	$36,319

MERRIMACK VALLEY PROJECT INC