MERRIMACK ACADEMY FOR THE PERFORMIN ARTS INC (EIN 205413583) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

DEBRA N JENKINS

Phone

2565346455

Tax Period

2024-01-01 to 2024-12-31

MERRIMACK ACADEMY FOR THE PERFORMIN ARTS INC, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $803K in total revenue in fiscal year 2019. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PROVIDE VISUAL AND PERFORMING ARTS EDUCATION, AND CULTURAL ACTIVITIES, TO CHILDREN AND ADULTS WITH SPECIAL NEEDS AND TO PROVIDE QUALITY PROFESSIONAL ENTERTAINMENT TO THE COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $262,167

Program Service Revenue $414,451

Investment Income $1,237

Other Revenue $15,802

TOTAL REVENUE $693,657

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,203

Fundraising Expenses $0

Program Expenses $614,616

Other Expenses $393,722

TOTAL EXPENSES $729,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$693,657	$659,183	+0.1%
Expenses	$729,925	$719,869	+0.0%
Net Income	$-36,268	$-60,686	-0.4%

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

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
ALAN C JENKINS	DIRECTOR	10.00	Officer Director	$0	$0	$0
DEBRA N JENKINS	PRESIDENT	30.00	Officer Director	$0	$0	$0
JOE H RITCH	DIRECTOR	0.00	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	$693,657	$729,925	$14,970	$-36,268
2023	$659,183	$719,869	$21,112	$-60,686
2022	$598,831	$617,366	$69,290	$-18,535
2021	$975,365	$582,486	$134,649	$392,879
2020	$567,694	$557,258	$41,151	$10,436
2019	$803,152	$865,498	$55,803	$-62,346

MERRIMACK ACADEMY FOR THE PERFORMIN ARTS INC