MERIT FAMILY SERVICES (EIN 200656762) - 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

2004

Legal Domicile

Principal Officer

CAROL BLACKMON

Phone

8174139463

Tax Period

2023-01-01 to 2023-12-31

MERIT FAMILY SERVICES, founded in 2004, is a small nonprofit in the Mental Health sector that reported $265K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $475K exceeded revenue, resulting in a 79% operating deficit.

Mission

OFFER A HEALING ENVIRONMENT AND COUNSELILNG DEDICATED TO TREATING SOCIALLY DISADVANTAGED CHILDREN, ADOLESENTS AND ADULTS FOR A WIDE VARIETY OF MENTAL HEALTH ISSUE INCLUDING DRUG AND ALCOHOL ADDICTION.

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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 $264,963

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $264,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $240,055

Fundraising Expenses $0

Other Expenses $234,586

TOTAL EXPENSES $474,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,963	$963,888	-0.7%
Expenses	$474,641	$790,543	-0.4%
Net Income	$-209,678	$173,345	-2.2%

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

N/A

Employees

N/A

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

$20,595

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT AND CEA	40.00	Officer Director	$0	$0	$0
N/A	CHAIRMAN	28.00	Director	$14,495	$0	$14,495
N/A	SECRETARY	17.00	Director	$6,100	$0	$6,100

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
2023	$264,963	$474,641	$145,891	$-209,678
2022	$963,888	$790,543	$544,988	$173,345
2021	$631,445	$697,031	$576,370	$-65,586
2020	$626,357	$583,931	$615,746	$42,426
2018	$637,819	$694,031	$466,379	$-56,212

MERIT FAMILY SERVICES