MERRIMACK VALLEY ECONOMIC DEVELOPMENT CORPORATION (EIN 043210262) - 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

1993

Legal Domicile

Principal Officer

LISA SCHWARZ

Phone

9783740519

Tax Period

2024-07-01 to 2025-06-30

MERRIMACK VALLEY ECONOMIC DEVELOPMENT CORPORATION, founded in 1993, is a small nonprofit that reported $152K in total revenue in fiscal year 2024. Net assets of $785K represent 62 months of operating reserves.

Mission

ENCOURAGE REGIONAL ECONOMIC DEVELOPMENT

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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 $0

Program Service Revenue $150,000

Investment Income $0

Other Revenue $1,853

TOTAL REVENUE $151,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,000

Other Expenses $151,250

TOTAL EXPENSES $151,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,853	$149,889	+0.0%
Expenses	$151,250	$51,215	+2.0%
Net Income	$603	$98,674	-1.0%

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

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

$356,677

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRARD WHITTEN	CEO	2.00	Director	$0	$8,122	$184,125
JENIFER DUNLAP	CFO	2.00	Director	$0	$18,034	$172,552
THOMAS ABISALIH	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BARNES	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN BRADLEY-COLWELL	SECRETARY	2.00	Officer Director	$0	$0	$0
KATE KELLY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MURPHEY	DIRECTOR	1.00	Director	$0	$0	$0
FRANK J O'CONNOR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PETTIS	SECRETARY	1.00	Officer Director	$0	$0	$0
ANNIE SCHINDLER	DIRECTOR	1.00	Director	$0	$0	$0
LISA SCHWARZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT SNOW	DIRECTOR	1.00	Director	$0	$0	$0
FRANCISCO SURILLO	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK TAINTOR	TREASURER	2.00	Officer Director	$0	$0	$0
MARTHA TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL WELCH	DIRECTOR	1.00	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
2025	$151,853	$151,250	$909,568	$603
2024	$149,889	$51,215	$857,040	$98,674
2023	$136,514	$134,648	$760,248	$1,866
2022	$129,954	$129,344	$787,318	$610
2021	$24,044	$24,974	$702,990	$-930
2020	$29,690	$29,355	$727,861	$335

MERRIMACK VALLEY ECONOMIC DEVELOPMENT CORPORATION