MERAKEY NEW JERSEY (EIN 222334709) - 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

1981

Legal Domicile

Principal Officer

JOSEPH MARTZ

Phone

6102604600

Tax Period

2024-07-01 to 2025-06-30

MERAKEY NEW JERSEY, founded in 1981, is a mid-sized nonprofit that reported $18.9M in total revenue in fiscal year 2024.

Mission

PROVIDE SERVICES TO THE RESIDENTS OF NEW JERSEY WITH INTELLECTUAL DEVELOPMENTAL DISABILITIES.

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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 $18,874,095

Investment Income $0

Other Revenue $0

TOTAL REVENUE $18,874,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,452,590

Fundraising Expenses $0

Program Expenses $16,882,265

Other Expenses $6,309,383

TOTAL EXPENSES $18,761,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,874,095	$18,090,540	+0.0%
Expenses	$18,761,973	$17,706,281	+0.1%
Net Income	$112,122	$384,259	-0.7%

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

303

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

$3,341,172

Total Directors

$3,341,172

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH MARTZ	PRESIDENT/CEO	0.50	Officer Director	$0	$55,260	$1,367,764
DERRICK YACOVELLI	TREASURER/SECRETARY/CFO	0.50	Officer Director	$0	$45,661	$818,642
ROBERT NIX III ESQ	DIRECTOR	0.50	Director	$0	$0	$0
LEAH PASON	VICE PRESIDENT/CPO	0.50	Officer Director	$0	$26,041	$568,535
ELISE TRETOLA	VICE PRESIDENT THRU 11/24	0.50	Officer Director	$0	$6,355	$586,231
GARMAI ZUBAH	DSP	37.50	Highest	$159,727	$1,540	$161,267
BEATRICE VINCENT	NURSE	37.50	Highest	$105,756	$27,560	$133,316
ANDREA BURRELL	DIRECT SUPPORT PROFESSIONAL	37.50	Highest	$114,559	$5,719	$120,278
BARRINGTON STEVENS	DIRECT SUPPORT PROFESSIONAL	37.50	Highest	$106,643	$10,166	$116,809
SARNE HARRIS	PROGRAM LEAD	37.50	Highest	$104,772	$361	$105,133

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	$18,874,095	$18,761,973	$6,126,792	$112,122
2024	$18,090,540	$17,706,281	$4,719,889	$384,259
2023	$15,710,625	$15,823,799	$3,804,978	$-113,174
2022	$15,992,317	$16,682,945	$3,320,725	$-690,628
2021	$18,038,178	$15,912,879	$3,333,906	$2,125,299
2020	$15,251,931	$13,459,909	$3,900,400	$1,792,022
2019	$6,972,870	$7,073,425	$847,905	$-100,555
2018	$6,829,792	$7,184,566	$1,030,804	$-354,774

MERAKEY NEW JERSEY