MERAKEY IDD PHILADELPHIA

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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

1985

Legal Domicile

Principal Officer

DERRICK YACOVELLI

Phone

6102604600

Tax Period

2022-07-01 to 2023-06-30

MERAKEY IDD PHILADELPHIA, founded in 1985, is a mid-sized nonprofit that reported $40.9M in total revenue in fiscal year 2022.

Mission

THE ORGANIZATION WAS FORMED TO SERVE ALL FUNCTIONING LEVELS OF INDIVIDUALS WITH INTELLECTUAL DEVELOPMENTAL DISABILITIES WHO RESIDE PRIMARILY IN THE PHILADELPHIA METROPOLITAN AREA. SERVICES PROVIDED INCLUDE RESIDENTIAL, OUTPATIENT AND ADULT DAY PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $39,960,305 Revenue: $40,853,814

MERAKEY IDD PHILADELPHIA SUPPORTS INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES THROUGH FULL-TIME RESIDENTIAL SERVICES, SUPPORTED LIVING SITES, AND SHARED/FAMILY LIVING SERVICES. THE HOMES ENSURED THE PARTICIPATION IN STIMULATING COMMUNITY ACTIVITIES WITHIN THE HOMES AS WELL AS WITH OTHER INDIVIDUALS THROUGH THE USE OF TECHNOLOGY.THOUGH DAY PROGRAMMING WAS AFFECTED THROUGH MUCH OF THE PANDEMIC, MERAKEY DEVELOPED STRUCTURED ON-SITE PROGRAMMING IN ADDITION TO VIRTUAL DAY PROGRAMMING SERVICES. THIS STRENGTHENED PARTICIPANTS ABILITY TO USE TECHNOLOGY FOR COMMUNICATION AND INFORMATIONAL NEEDS.THE SUPPORTED EMPLOYMENT PROGRAM TOOK THE OPPORTUNITY TO SUPPORT INDIVIDUALS WITH RESUME DEVELOPMENT, JOB INTERVIEWING PRACTICE, AND IMPROVING UNDERSTAND OF THE DEMANDS OF REMOTE WORK.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,699

Program Service Revenue $40,853,814

Investment Income $0

Other Revenue $27,753

TOTAL REVENUE $40,883,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,681,910

Fundraising Expenses $0

Program Expenses $39,960,305

Other Expenses $13,797,168

TOTAL EXPENSES $44,479,078

Year-over-Year Comparison

	2022	2021	Change
Revenue	$40,883,266	$40,502,676	+0.0%
Expenses	$44,479,078	$41,975,106	+0.1%
Net Income	$-3,595,812	$-1,472,430	+1.4%

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

Employees

607

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

$963,686

Total Directors

$1,646,081

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERRICK YACOVELLI	TREASURER/SECRETARY/CFO	0.50	Officer Director	$0	$34,145	$705,871
TERRENCE MCNELIS	DIRECTOR/SVP, IDD THROUGH 12/22	0.50	Director	$0	$8,762	$583,909
BETTY BOYD	VP/VP,IDD	1.00	Officer Director	$0	$15,627	$257,815
SYLVIA PURNELL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT NIX III ESQ	PRESIDENT	0.50	Officer Director	$0	$0	$0
ELISE TRETOLA	DIRECTOR/SVP, IDD FROM 12/22	0.50	Director	$0	$325	$98,486
RICHARD QUOI	DIRECT SUPPORT PROFESSIONA	37.50	Highest	$127,921	$19,662	$147,583
RIZQ PALMER	DIRECT SUPPORT PROFESSIONA	37.50	Highest	$130,477	$9,422	$139,899
ALEXANDRA CANAVAN	REGIONAL EXECUTIVE DIRECTO	37.50	Highest	$118,676	$23,332	$142,008
LINDA MARTIN	NURSE	37.50	Highest	$119,356	$24,818	$144,174
REGINALD PAYNE	COUNSELOR	37.50	Highest	$122,755	$10,298	$133,053

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$40,883,266	$44,479,078	$9,066,719	$-3,595,812
2022	$40,502,676	$41,975,106	$9,402,919	$-1,472,430
2021	$40,844,879	$40,665,935	$7,978,581	$178,944
2020	$44,081,283	$40,992,186	$9,002,743	$3,089,097
2019	$42,441,741	$43,341,555	$11,292,393	$-899,814
2018	$42,002,987	$43,158,760	$12,876,043	$-1,155,773