MERIT COLLEGE PREPARATORY ACADEMY (EIN 260450627) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

MIKE CONDIE

Phone

8014917600

Tax Period

2024-07-01 to 2025-06-30

MERIT COLLEGE PREPARATORY ACADEMY, founded in 2009, is a community nonprofit in the Education sector that reported $7.0M in total revenue in fiscal year 2024. Expenses of $6.7M left a modest 5% surplus.

Mission

MERIT PREPARES STUDENTS TO ACHIEVE THEIR HIGHEST POTENTIAL AS CITIZENS IN SOCIETY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,525,022

Program Service Revenue $292,990

Investment Income $197,693

Other Revenue $0

TOTAL REVENUE $7,015,705

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,499,703

Fundraising Expenses $0

Program Expenses $6,031,300

Other Expenses $2,175,967

TOTAL EXPENSES $6,675,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,015,705	$6,799,300	+0.0%
Expenses	$6,675,670	$5,819,332	+0.1%
Net Income	$340,035	$979,968	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

110

Volunteers

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

$118,966

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNE CONDIE	PRESIDENT	3.00	Officer Director	$0	$0	$0
ANGELA BUNKER	TRUSTEE	3.00	Director	$0	$0	$0
RACHEL JAY	TRUSTEE	3.00	Director	$0	$0	$0
JERI MELLOR	TRUSTEE	3.00	Director	$0	$0	$0
ALEX TOVMASYAN	TRUSTEE	3.00	Director	$0	$0	$0
AMY WISER	TRUSTEE	3.00	Director	$0	$0	$0
SANDRA CAMPBELL	TRUSTEE	3.00	Director	$0	$0	$0
MIKE CONDIE	DIRECTOR	40.00	Officer	$103,312	$15,654	$118,966

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	$7,015,705	$6,675,670	$14,943,471	$340,035
2024	$6,799,300	$5,819,332	$14,736,304	$979,968
2023	$5,756,187	$5,282,063	$13,631,519	$474,124
2022	$5,333,251	$4,687,008	$13,301,648	$646,243
2021	$4,674,438	$4,609,131	$12,760,586	$65,307

MERIT COLLEGE PREPARATORY ACADEMY