MEIGS INDUSTRIES INC

EIN: 310989143 501(c)(3)

SYRACUSE, OH

Total Revenue
$633,320
Total Expenses
$789,188
Total Assets
$187,298
Net Assets
$40,831
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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
1986
Legal Domicile
OH
Principal Officer
TOM PRICE
Phone
7409926681
Tax Period
2023-01-01 to 2023-12-31

MEIGS INDUSTRIES INC, founded in 1986, is a small nonprofit that reported $633K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $789K exceeded revenue, resulting in a 25% operating deficit.

Mission

SHELTERED WORKSHOP

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $633,320
Investment Income $0
Other Revenue $0
TOTAL REVENUE $633,320

Expense Breakdown

Grants Paid $0
Salaries & Benefits $577,126
Fundraising Expenses $0
Other Expenses $212,062
TOTAL EXPENSES $789,188

Year-over-Year Comparison

2023 2022 Change
Revenue $633,320 $824,120 -0.2%
Expenses $789,188 $787,026 +0.0%
Net Income $-155,868 $37,094 -5.2%
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

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Governance

Voting Members
5
Independent Members
5
Employees
48
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
4
$78,751
Total Directors
4
$78,751
Key Employees
1
$78,751
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM PRICE CEO 040.00
Officer Director Key Emp Highest
$78,751 $0 $78,751
DODGER VAUGHN VICE PRESIDENT 002.00
Officer Director
$0 $0 $0
DAVID AVERION BOARD MEMBER 002.00
Director
$0 $0 $0
LINDA KING BOARD MEMBER 002.00
Director
$0 $0 $0
DAN SHORT PRESIDENT 002.00
Officer
$0 $0 $0
REV ALETHA BOTTS SECRETARY 002.00
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
2024 No data No data No data No data
2023 $633,320 $789,188 $187,298 $-155,868
2022 $824,120 $787,026 $361,809 $37,094
2021 $579,306 $734,897 $303,531 $-155,591
2020 $697,069 $683,400 $411,480 $13,669
2018 $533,804 $650,229 $253,509 $-116,425
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