MERAKEY CHILDRENS SERVICES

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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

2024-07-01 to 2025-06-30

MERAKEY CHILDRENS SERVICES, founded in 1985, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $8.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDE BEHAVIORAL HEALTH SERVICES TO CHILDREN AND THEIR FAMILIES. THE RANGE OF SERVICES INCLUDE CASE MANAGEMENT, OUTPATIENT, IN SCHOOL, COMMUNITY BASED AND WRAP AROUND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $7,204,751 Revenue: $6,915,217

INTENSIVE BEHAVIORAL HEALTH SERVICES (IBHS) PROVIDES TARGETED INTERVENTIONS AND SUPPORT FOR CHILDREN, YOUTH, AND YOUNG ADULTS UNDER THE AGE OF 21 WHO ARE EXPERIENCING MENTAL HEALTH, EMOTIONAL, OR...

INTENSIVE BEHAVIORAL HEALTH SERVICES (IBHS) PROVIDES TARGETED INTERVENTIONS AND SUPPORT FOR CHILDREN, YOUTH, AND YOUNG ADULTS UNDER THE AGE OF 21 WHO ARE EXPERIENCING MENTAL HEALTH, EMOTIONAL, OR BEHAVIORAL CHALLENGES. THIS SHORT-TERM, COMMUNITY-BASED PROGRAM IS DELIVERED IN HOMES, SCHOOLS, AND OTHER COMMUNITY SETTINGS TO PROMOTE STABILITY, SKILL DEVELOPMENT, AND OVERALL WELL-BEING.MERAKEY IBHS PARTNERS WITH 13 SCHOOLS ACROSS THE PHILADELPHIA AREA AND CURRENTLY SERVES MORE THAN 200 CHILDREN RESIDING IN THE 19120 AND 19133 ZIP CODES. OUR COMMITMENT TO HIGH-QUALITY, OUTCOMES-DRIVEN CARE HAS CONSISTENTLY YIELDED STRONG PERFORMANCE UNDER VALUE-BASED PAYMENT MODELS. IN THE PRIOR YEAR, IBHS EARNED VALUE-BASED BONUS PAYMENTS IN ALL QUARTERS FOR EXCEEDING CLINICAL QUALITY BENCHMARKS AND ACHIEVED LOW RATES OF CONCURRENT USE OF ACUTE INPATIENT OR PARTIAL HOSPITALIZATION SERVICES DEMONSTRATING THE EFFECTIVENESS OF OUR COMMUNITY-BASED INTERVENTIONS. SINCE THAT TIME, IBHS HAS CONTINUED TO DEMONSTRATE SUSTAINED CLINICAL EXCELLENCE, EARNING VALUE-BASED INCENTIVE PAYMENTS EVERY QUARTER FOR MEETING ESTABLISHED CLINICAL METRICS. NOTABLY, DURING THE FIRST QUARTER OF THE CURRENT FISCAL YEAR, THE PROGRAM MET ALL CLINICAL METRICS FOR THE FIRST TIME, MARKING A SIGNIFICANT MILESTONE IN PROGRAM PERFORMANCE AND ONGOING QUALITY IMPROVEMENT EFFORTS.

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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 $6,284

Program Service Revenue $6,915,217

Investment Income $0

Other Revenue $2,709

TOTAL REVENUE $6,924,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,581,428

Fundraising Expenses $0

Program Expenses $7,204,751

Other Expenses $2,494,207

TOTAL EXPENSES $8,075,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,924,210	$7,749,049	-0.1%
Expenses	$8,075,635	$8,970,486	-0.1%
Net Income	$-1,151,425	$-1,221,437	-0.1%

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

144

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

$1,173,545

Total Directors

$2,228,062

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DERRICK YACOVELLI	CFO/TREASURER/SECRETARY	0.50	Officer Director	$0	$45,661	$818,642
MALCOLM MUSGROVE	VP/VP, ABH	0.50	Officer Director	$0	$32,384	$354,903
SLYVIA PURNELL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT NIX III ESQ	PRESIDENT	0.50	Officer Director	$0	$0	$0
REBECCA RICHWINE	DIRECTOR/SVP, C&FS	0.50	Director	$0	$21,354	$485,982
LEAH PASON	DIRECTOR/CPO	0.50	Director	$0	$26,041	$568,535
AYESHA WAHEED	PSYCHOLOGIST	37.50	Highest	$302,707	$24,805	$327,512

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	$6,924,210	$8,075,635	$1,876,398	$-1,151,425
2024	No data	No data	No data	No data
2023	$15,874,061	$8,892,924	$2,554,699	$6,981,137
2022	$11,893,306	$8,917,355	$2,528,837	$2,975,951
2021	$9,116,388	$9,589,100	$1,423,220	$-472,712
2020	$9,849,585	$11,067,981	$1,502,896	$-1,218,396
2019	$12,425,280	$12,871,072	$2,198,719	$-445,792
2018	$13,321,608	$13,809,101	$3,010,004	$-487,493