Merea Ministry Inc

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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

2004

Legal Domicile

Principal Officer

TERRIE L HARWOOD

Phone

6625784928

Tax Period

2023-01-01 to 2023-12-31

Merea Ministry Inc, founded in 2004, is a small nonprofit in the Religion sector that reported $207K in total revenue in fiscal year 2023. Revenue surged 1219% from the prior year, signaling strong growth momentum. The organization ran a surplus of $180K, a strong 87% operating margin.

Mission

Our mission is to give women a hand up but teaching them life and job skills that will allow them to be productive and self sustaining

Program Service Accomplishments

Program 1

Expenses: $1,680

Purchased updated teaching materials to help with career advancement,

Program 2

Expenses: $186

On site couseling services for clients for career, mental health, spiritual assistance, and continuing education

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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 (2023)

Revenue Breakdown

Contributions & Grants $206,858

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $206,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,887

Fundraising Expenses $0

Program Expenses $6,866

Other Expenses $14,390

TOTAL EXPENSES $27,277

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,858	$15,681	+12.2%
Expenses	$27,277	$42,535	-0.4%
Net Income	$179,581	$-26,854	-7.7%

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

N/A

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

Total Directors

Key Employees

$12,971

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRIE L HARWOOD	Executive Director	25.00	Key Emp	$11,971	$1,000	$12,971
JENNIFER KOWALSKI	Chairman	1.000	Officer	$0	$0	$0
DORIS KNIGHT	Treasuer	1.000	Officer	$0	$0	$0
WANDA MCCLURE	Secretary	1.000	Officer	$0	$0	$0

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
2023	$206,858	$27,277	$194,522	$179,581