MERAKEY WOODHAVEN

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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

1994

Legal Domicile

Principal Officer

DERRICK YACOVELLI

Phone

6102604600

Tax Period

2022-07-01 to 2023-06-30

MERAKEY WOODHAVEN, founded in 1994, is a mid-sized nonprofit in the Human Services sector that reported $28.4M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

PROVIDE VARIOUS SERVICES TO INDIVIDUALS WITH INTELLECTUAL DEVELOPMENTAL DISABILITIES WHO OTHERWISE CANNOT AFFORD THEM.

Program Service Accomplishments

Program 1

Expenses: $26,100,531 Revenue: $28,364,124

MERAKEY WOODHAVEN SUPPORTS OVER SEVENTY INDIVIDUALS IN AN INTERMEDIATE CARE FACILITY IN PHILADELPHIA. THE PAST FEW FISCAL YEARS SAW THE FOCUS PLACED PRIMARILY ON THE HEALTH AND SAFETY OF RESIDENTS...

MERAKEY WOODHAVEN SUPPORTS OVER SEVENTY INDIVIDUALS IN AN INTERMEDIATE CARE FACILITY IN PHILADELPHIA. THE PAST FEW FISCAL YEARS SAW THE FOCUS PLACED PRIMARILY ON THE HEALTH AND SAFETY OF RESIDENTS DURING THE ONGOING GLOBAL PANDEMIC. THE PROGRAM ESTABLISHED DAILY CALLS WITH STAFF TO ENSURE THAT ALL CDC GUIDELINES WERE IMPLEMENTED AS QUICKLY AS POSSIBLE. FAMILIES OF RESIDENTS WERE REGULARLY ENGAGED TO DISCUSS SAFETY AND INFECTION PREVENTION PROTOCOLS THAT HAD BEEN IMPLEMENTED TO KEEP RESIDENTS SAFE. RAPID ADOPTION OF TECHNOLOGY THAT ALLOWED REMOTE PARTICIPATION IN COMMUNITY EVENTS KEPT THE RESIDENTS ENGAGED AND MUTUALLY SUPPORTED.

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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 $0

Program Service Revenue $28,364,124

Investment Income $0

Other Revenue $30,220

TOTAL REVENUE $28,394,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,396,138

Fundraising Expenses $0

Program Expenses $26,100,531

Other Expenses $11,458,561

TOTAL EXPENSES $28,854,699

Year-over-Year Comparison

	2022	2021	Change
Revenue	$28,394,344	$25,884,758	+0.1%
Expenses	$28,854,699	$26,099,275	+0.1%
Net Income	$-460,355	$-214,517	+1.1%

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

354

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	DIRECTOR/VP, IDD	0.50	Officer Director	$0	$15,627	$257,815
SYLVIA PURNELL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT NIX III ESQ	PRESIDENT/DIRECTOR	0.50	Officer Director	$0	$0	$0
ELISE TRETOLA	DIRECTOR/SVP, IDD FROM 12/22	0.50	Director	$0	$325	$98,486
WANNEH TARPEH	NURSE	37.50	Highest	$122,938	$16,703	$139,641
DEBORAH ST PETER	DUTY ADMIN	37.50	Highest	$169,855	$17,613	$187,468
SAMUEL PUVANDI	NURSE	37.50	Highest	$143,831	$12,229	$156,060
SADIE MCKINNEY	NURSE	37.50	Highest	$130,183	$22,258	$152,441
JENNIFER GROSSCUP	HEALTH SERVICES DIRECTOR	37.50	Highest	$118,497	$14,280	$132,777

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	$28,394,344	$28,854,699	$3,020,762	$-460,355
2022	$25,884,758	$26,099,275	$2,972,683	$-214,517
2021	$26,455,348	$26,655,005	$6,648,494	$-199,657
2020	$24,944,717	$24,976,095	$4,473,468	$-31,378
2019	$25,462,342	$25,185,152	$6,515,925	$277,190
2018	$26,596,120	$26,239,129	$6,633,907	$356,991