MERRY GO ROUND INC (EIN 060691241) - 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

1949

Legal Domicile

Principal Officer

RICHARD SLAGLE

Phone

2038699448

Tax Period

2023-01-01 to 2023-12-31

MERRY GO ROUND INC, founded in 1949, is a community nonprofit in the Housing & Shelter sector that reported $3.9M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $4.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

AFFORDABLE LIVING FOR THE ELDERLY.

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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 $23,948

Program Service Revenue $3,181,334

Investment Income $660,832

Other Revenue $0

TOTAL REVENUE $3,866,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,248,476

Fundraising Expenses $0

Program Expenses $3,835,141

Other Expenses $2,044,386

TOTAL EXPENSES $4,292,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,866,114	$3,214,843	+0.2%
Expenses	$4,292,862	$4,051,399	+0.1%
Net Income	$-426,748	$-836,556	-0.5%

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
RICHARD SLAGLE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LENORE DE CSEPEL	SECRETARY	1.00	Officer Director	$0	$0	$0
ANTHONY GRAHAM	TREASURER	1.00	Officer Director	$0	$0	$0
MARY BROWN	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
NANNY CANNON	DIRECTOR	1.00	Director	$0	$0	$0
MARY JONES	DIRECTOR	1.00	Director	$0	$0	$0
FRANK E SMURLO JR	ASSISTANT TREASURER	1.00	Director	$0	$0	$0
ELIZABETH DARLING	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
2024	No data	No data	No data	No data
2023	$3,866,114	$4,292,862	$17,429,709	$-426,748
2022	$3,214,843	$4,051,399	$17,658,272	$-836,556
2021	$3,872,357	$3,865,667	$19,733,019	$6,690
2020	$3,290,527	$3,753,685	$19,143,251	$-463,158
2019	$4,150,332	$3,559,397	$19,277,592	$590,935
2018	$3,438,540	$3,471,600	$17,488,935	$-33,060

MERRY GO ROUND INC