MERAKEY PARKSIDE RECOVERY

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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

1983

Legal Domicile

Principal Officer

MALCOLM MUSGROVE

Phone

6102604600

Tax Period

2024-07-01 to 2025-06-30

MERAKEY PARKSIDE RECOVERY, founded in 1983, is a mid-sized nonprofit that reported $23.7M in total revenue in fiscal year 2024.

Mission

PROVIDE DIRECT AND SUPPORTIVE SERVICES FOR CHEMICALLY DEPENDENT PERSONS.

Program Service Accomplishments

Program 1

Expenses: $21,547,898 Revenue: $23,648,884

MERAKEY PARKSIDE RECOVERY PROGRAMS PROVIDED TREATMENT TO OVER 1,500 INDIVIDUALS IN THE PHILADELPHIA AREA STRUGGLING WITH A SUBSTANCE USE DISORDER. AT PARKSIDE RECOVERY, WE OFFER BOTH MEDICATED...

MERAKEY PARKSIDE RECOVERY PROGRAMS PROVIDED TREATMENT TO OVER 1,500 INDIVIDUALS IN THE PHILADELPHIA AREA STRUGGLING WITH A SUBSTANCE USE DISORDER. AT PARKSIDE RECOVERY, WE OFFER BOTH MEDICATED ASSISTED TREATMENT (METHADONE, BUPRENORPHINE AND VIVITROL) AND NON-MEDICATED ASSISTED TREATMENT. PROGRAM OFFERS TWO DIFFERENT LEVELS OF CARE - INTENSIVE OUTPATIENT AND OUTPATIENT. ALL OF OUR INDIVIDUALS SEE A THERAPIST ALONG WITH MEDICAL DOCTOR AND/OR PSYCHIATRIST.

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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 $67,861

Program Service Revenue $23,648,884

Investment Income $0

Other Revenue $8,028

TOTAL REVENUE $23,724,773

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,730,913

Fundraising Expenses $0

Program Expenses $21,547,898

Other Expenses $11,191,309

TOTAL EXPENSES $23,922,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,724,773	$22,338,475	+0.1%
Expenses	$23,922,222	$23,228,597	+0.0%
Net Income	$-197,449	$-890,122	-0.8%

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

226

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

$354,903

Total Directors

$2,229,649

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MALCOLM MUSGROVE	SECRETARY/TREASURER/VP,ABH	0.50	Officer Director	$0	$32,384	$354,903
SLYVIA PURNELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT NIX III ESQ	PRESIDENT	0.50	Officer Director	$0	$0	$0
LEAH PASON	DIRECTOR/CPO	0.50	Director	$0	$26,041	$568,535
TINNESIA SNYDER	DIRECTOR/SVP, ABH	0.50	Director	$0	$39,225	$531,085
THEODORE DALLAS	DIRECTOR/COO	0.50	Director	$0	$27,315	$775,126
RAYMOND BOBB	PHYSICIAN	37.50	Highest	$329,608	$37,645	$367,253
BERNARD HARRIS	MEDICAL DIRECTOR	37.50	Highest	$296,291	$30,069	$326,360
DAVID MATTINGLY	PHYSICIAN	37.50	Highest	$250,436	$33,710	$284,146
SHINETTE SIRMANS-MCRAE	PHYSICIAN	37.50	Highest	$230,040	$34,363	$264,403

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	$23,724,773	$23,922,222	$8,781,232	$-197,449
2024	$22,338,475	$23,228,597	$9,382,302	$-890,122
2023	$26,121,027	$23,130,320	$11,245,936	$2,990,707
2022	$17,752,309	$17,953,288	$6,659,361	$-200,979
2021	$14,518,954	$15,118,184	$6,334,030	$-599,230
2020	$12,812,099	$12,567,075	$4,636,374	$245,024
2019	$12,139,851	$12,130,805	$3,759,205	$9,046
2018	$11,437,409	$12,217,702	$3,612,026	$-780,293