MERCYWORKSINCORPORATED

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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

1998

Legal Domicile

Principal Officer

REV JOHN R CARTER

Phone

3154356934

Tax Period

2023-01-01 to 2023-12-31

MERCYWORKSINCORPORATED, founded in 1998, is a small nonprofit in the Education sector that reported $526K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $852K exceeded revenue, resulting in a 62% operating deficit.

Mission

MERCYWORKS, INCORPORATED, IS DEDICATED TO INSPIRING VISION, CREATING OPPORTUNITY AND CULTIVATING PURPOSE WITH YOUNG PEOPLE AND ADULTS BY PARTNERING WITH RESIDENTS, BUSINESSES, SCHOOLS AND NON-PROFIT ORGANIZATIONS. WITHIN THESE PARTNERSHIPS WE SEEK TO IDENTIFY AND MEET INDIVIDUAL AND COMMUNITY NEEDS THAT OTHERWISE WOULD GO UNMET. WE PURPOSE TO BE A CATALYST TO GATHER AND PARTNER IN ORDER TO TRANSFORM A COMMUNITY AND THE LIVES IMPACTED BY IT.

Program Service Accomplishments

Program 1

Expenses: $194,984

SYNERGY - A PAID INTERNSHIP THAT YIELDS EXCEPTIONAL GLOBALLY MINDED LEADERS THROUGH A STRATEGIC FOUR PILLAR APPROACH DESIGNED TO CULTIVATE STRONG PROFESSIONAL SKILLS AND WORK ETHICS. THIS 10-WEEK...

SYNERGY - A PAID INTERNSHIP THAT YIELDS EXCEPTIONAL GLOBALLY MINDED LEADERS THROUGH A STRATEGIC FOUR PILLAR APPROACH DESIGNED TO CULTIVATE STRONG PROFESSIONAL SKILLS AND WORK ETHICS. THIS 10-WEEK PAID INTERNSHIP PROGRAM DEVELOPS PARTICIPANTS THROUGH FOUR UNIQUE PILLARS THAT INCLUDE: COMMUNITY SERVICE, PROFESSIONAL DEVELOPMENT, HEALTH & WELLBEING, AND FINANCIAL STEWARDSHIP. STUDENTS ARE PLACED IN AN INTERNSHIP OPPORTUNITY WITHIN THEIR FIELD OF INTEREST WHERE THEY RECEIVE MENTORSHIP AND TRAINING RESULTING IN EXPERIENCE AND EXPOSURE TO THE DIVERSE TALENT POOLS ENTERING THE WORKFORCE.

Program 2

Expenses: $72,890

OTHER PROGRAM SERVICES:OTHER PROGRAMS INCLUDE APP DEVELOPMENT, #FRESH, CSD, MUSIC LAB, VISION VELOCITY, AND WEB DEVELOPMENT

Program 3

Expenses: $14,415

TEEN TECH - A TWO-TRACK PROGRAM THAT STIMULATES YOUNG PEOPLE TO THINK LIKE ENTREPRENEURS. THE PROGRAM GUIDES STUDENTS THROUGH THE DEVELOPMENT OF A BUSINESS IDEA WEAVING IN SOCIAL ENTREPRENEURISM...

TEEN TECH - A TWO-TRACK PROGRAM THAT STIMULATES YOUNG PEOPLE TO THINK LIKE ENTREPRENEURS. THE PROGRAM GUIDES STUDENTS THROUGH THE DEVELOPMENT OF A BUSINESS IDEA WEAVING IN SOCIAL ENTREPRENEURISM CONCEPTS. STUDENTS LEARN THE GOOGLE OFFICE SUITE, PUBLIC SPEAKING SKILLS, AND THE COMPONENTS OF A GOOD BUSINESS PLAN.

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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 $526,480

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $526,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $393,922

Fundraising Expenses $107,977

Program Expenses $312,069

Other Expenses $458,379

TOTAL EXPENSES $852,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$526,480	$688,216	-0.2%
Expenses	$852,301	$665,450	+0.3%
Net Income	$-325,821	$22,766	-15.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV JOHN R CARTER	PRESIDENT	1.00	Officer Director	$0	$0	$0
REV LISA L CARTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ADDISON SPEARS	SECRETARY	1.00	Officer Director	$0	$0	$0
ED J THOMPSON ESQ	DIRECTOR	1.00	Director	$0	$0	$0
GARY CRISALLI	DIRECTOR	1.00	Director	$0	$0	$0
MARK HALL	DIRECTOR	1.00	Director	$0	$0	$0
JOE ROSSI	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN DUKE	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE COUDRIET	TREASURER	1.00	Officer Director	$0	$0	$0
REV AMY CARTER	EXECUTIVE DIRECTOR	10.00	Officer	$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	$526,480	$852,301	$1,667,774	$-325,821
2022	$688,216	$665,450	$1,994,169	$22,766
2021	$677,383	$635,039	$1,950,083	$42,344
2020	$980,218	$979,354	$1,904,651	$864
2019	$641,249	$622,161	$1,847,960	$19,088
2018	$751,824	$512,500	$1,875,102	$239,324