MERAQUAS OF IRVINE

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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

Legal Domicile

Principal Officer

PAYAL SHAH

Phone

9499036512

Tax Period

2024-09-01 to 2025-08-31

MERAQUAS OF IRVINE is a small nonprofit in the Recreation & Sports sector that reported $275K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $251K left a modest 9% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE A MEANS OF EDUCATION AND DEVELOPMENT FOR YOUNG PEOPLE BY ENCOURAGING THE ADVANCEMENT OF PHYSICAL FITNESS

Program Service Accomplishments

Program 1

Expenses: $245,026

THE MERAQUAS OF IRVINE FUNDS A SYNCHRONIZED SWIMMING TEAM FROM ORANGE COUNTY. SWIMMERS ARE PROVIDED DEVELOPMENT AND EDUCATION THROUGH THIS PHYSICAL FITNESS PROGRAM. THE PROGRAM INVOLVES TRAVELING AND COMPETING IN LOCAL AND NATIONAL COMPETITIONS. GEAR, COACH FEES, AND TRAVEL EXPENSES ARE INCURRED. MEMBERSHIP DUES AND FUNDRAISING EVENTS ARE USED TO FUND THESE EXPENSES.

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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 $123,773

Program Service Revenue $149,380

Investment Income $2

Other Revenue $1,595

TOTAL REVENUE $274,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $245,026

Other Expenses $251,080

TOTAL EXPENSES $251,080

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,750	$196,557	+0.4%
Expenses	$251,080	$218,870	+0.1%
Net Income	$23,670	$-22,313	-2.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY RICHARDSON	PRESIDENT	N/A	Officer	$0	$0	$0
FAN ZHANG	SECRETARY	N/A	Officer	$0	$0	$0
PAYAL SHAH	TREASURER	N/A	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
2025	$274,750	$251,080	$49,424	$23,670