MERAKEY PHILADELPHIA

EIN: 232175923 501(c)(3) Mental Health

LAFAYETTE HILL, PA

Total Revenue
$31,332,076
Total Expenses
$26,192,909
Total Assets
$17,209,041
Net Assets
$14,955,457
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
PA
Principal Officer
JOSEPH MARTZ
Phone
6102604600
Tax Period
2022-07-01 to 2023-06-30

MERAKEY PHILADELPHIA, founded in 1985, is a mid-sized nonprofit in the Mental Health sector that reported $31.3M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.1M, a strong 16% operating margin.

Mission

PROVIDE COMPREHENSIVE BEHAVIORAL HEALTH, INTELLECTUAL DEVELOPMENTAL DISABILITIES AND AUTISM SERVICES TO RESIDENTS OF PHILADELPHIA.

Program Service Accomplishments

Program 1
Expenses: $23,327,883 Revenue: $30,824,747

THE RESIDENTIAL PROGRAMS OF MERAKEY PHILADELPHIA'S ADULT BEHAVIORAL HEALTH DIVISION PROVIDE AN ESSENTIAL PART OF THE CONTINUUM OF CARE FOR ADULTS WITH SEVERE AND PERSISTENT MENTAL ILLNESS. THE...

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THE RESIDENTIAL PROGRAMS OF MERAKEY PHILADELPHIA'S ADULT BEHAVIORAL HEALTH DIVISION PROVIDE AN ESSENTIAL PART OF THE CONTINUUM OF CARE FOR ADULTS WITH SEVERE AND PERSISTENT MENTAL ILLNESS. THE SERVICES COVERING OVER 150 BEDS INCLUDE LONG TERM STRUCTURED RESIDENCES (LTSR) AND COMMUNITY RESIDENTIAL REHABILITATION (CRR) PROGRAMS. REFERRALS ARE MANAGED BY THE PHILADELPHIA OFFICE OF BEHAVIORAL HEALTH. MERAKEY PHILADELPHIA OPERATES TWO COMMUNITY INTEGRATED RECOVERY CENTERS (CIRCS). TOGETHER THE PROGRAMS SERVE OVER 200 MEN AND WOMEN WITH SEVERE AND PERSISTENT MENTAL ILLNESS. THE PROGRAMS ARE NOTED FOR UTILIZING CREATIVE ARTS THERAPIES IN ORDER TO FACILITATE THE CONSUMERS' RECOVERY. MUSIC, VISUAL AND MANUAL ARTS ARE OFFERED TO CONSUMERS. MERAKEY PHILADELPHIA OPERATES OUTPATIENT MENTAL HEALTH CLINICS THAT SERVE ADULTS AND CHILDREN. TOGETHER THE CLINICS HAVE A CASE LOAD OF NEARLY 4,000 INDIVIDUALS. THESE CLINICS HAVE BEGUN ORGANIZAING THEMSELVES TO PROVIDE DIRECTED, EVIDENCE-BASED TREATMENT TO ALLOW FOR THE ACHIEVEMENT OF IMPROVED OUTCOMES THROUGH SHORTER EPISODES.MERAKEY PHILADELPHIA'S COMMUNITY-BASED PROGRAMS CONSOLIDATED ACTIVITIES TO ALLOW FOR GREATER COLLABORATION BETWEEN TRADITIONAL CASE MANAGEMENT, MOBILE PSYCHIATRIC REHABILITATION, AND PEER SUPPORT SERVICES. THE PROGRAMS ADAPTED TO THE HYBRID PROVISION OF SERVICES TO ENSURE THAT INDIVIDUALS CONTINUED TO RECEIVE NEEDED SERVICES REMOTE MODALITIES AND FACE-TO-FACE ENCOUNTERS MET THE INDIVIDUALS AT THE TIME AND PLACE BEST SUITED TO THEIR NEEDS.SCHOOLS OPERATED BY MERAKEY PHILADELPHIA SAW RELATIONSHIPS WITH STAKEHOLDERS STRENGTHENED BY THE TRIALS OF EDUCATING AND SUPPORTING YOUTH THROUGH THE PANDEMIC. SCHOOLS WERE ABLE TO CONSOLIDATE SPACE AND DEVELOP VIRTUAL EDUCATION PLANS TO MEET THE CONTINUING NEEDS OF STUDENTS.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $9,250
Program Service Revenue $30,824,747
Investment Income $246,132
Other Revenue $251,947
TOTAL REVENUE $31,332,076

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,648,992
Fundraising Expenses $0
Program Expenses $23,327,883
Other Expenses $10,543,917
TOTAL EXPENSES $26,192,909

Year-over-Year Comparison

2022 2021 Change
Revenue $31,332,076 $27,404,714 +0.1%
Expenses $26,192,909 $25,491,229 +0.0%
Net Income $5,139,167 $1,913,485 +1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
2
Employees
445
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
$1,013,129
Total Directors
6
$2,446,980
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH MARTZ DIRECTOR/CEO 0.50
Director
$0 $55,952 $1,176,036
DERRICK YACOVELLI CFO/TREASURER/SECRETARY 0.50
Officer Director
$0 $34,145 $705,871
MALCOLM MUSGROVE VP/VP,ABH 1.00
Officer Director
$0 $29,063 $307,258
SYLVIA PURNELL DIRECTOR 1.00
Director
$0 $0 $0
ROBERT NIX III PRESIDENT/DIRECTOR 0.50
Officer Director
$0 $0 $0
BETTY BOYD DIRECTOR/VP,IDD 0.50
Director
$0 $15,627 $257,815
BEN BOSWELL PSYCHIATRIST 37.50
Highest
$277,061 $36,705 $313,766
MINI VARGHESE PSYCHIATRIST 37.50
Highest
$247,044 $742 $247,786
CLEMENT JOHN NURSE 37.50
Highest
$148,833 $832 $149,665
USHA SAGREIYA PSYCHIATRIST 37.50
Highest
$211,648 $30,747 $242,395
ANNA WOOD CERTIFIED REGISTERED NURSE 37.50
Highest
$187,735 $3,463 $191,198
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 $31,332,076 $26,192,909 $17,209,041 $5,139,167
2022 $27,404,714 $25,491,229 $15,148,907 $1,913,485
2021 $27,521,288 $26,720,078 $11,328,982 $801,210
2020 $27,739,657 $28,751,560 $10,187,505 $-1,011,903
2019 $29,245,378 $28,799,653 $11,599,546 $445,725
2018 $28,505,463 $28,563,974 $11,188,143 $-58,511
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