MERRICK HOUSE

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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

1919

Legal Domicile

Principal Officer

HARRIET HADLEY

Phone

2167715077

Tax Period

2023-01-01 to 2023-12-31

MERRICK HOUSE, founded in 1919, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $1.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVISION OF SOCIAL SERVICES TO UNDERPRIVILEGED INDIVIDUALS THROUGH EARLY CHILDHOOD EDUCATION AND CHILD CARE, PARENT EDUCATION THROUGH MOMSFIRST, YOUTH DEVELOPMENT, AND ADULT EDUCATION. MERRICK HOUSE IS ONE OF CLEVELAND'S ORIGINAL SETTLEMENT HOUSES SERVING THE BROOKLYN CENTRE, CLARK-FULTON, STOCKYARDS, AND TREMONT NEIGHBORHOODS BY PROVIDING PROGRAMS, COMMUNITY BUILDING AND ADVOCACY TO EMPOWER INDIVIDUALS, FAMILIES, AND NEIGHBORHOODS.

Program Service Accomplishments

Program 1

Expenses: $657,376 Revenue: $237,440

EARLY CHILDHOOD EDUCATION - PROVIDE CHILD CARE FOR CHILDREN 6 WEEKS TO AGE 5. STEP UP TO QUALITY FIVE STAR CENTER AS WELL AS UNIVERSAL PRE-KINDERGARTEN SITE AND PRE4CLE EARLY ADOPTER.

Program 2

Expenses: $449,197

PARENT EDUCATION - PROVIDE SERVICES PRIMARILY THROUGH MOMSFIRST PROGRAM THAT SERVES AT-RISK EXPECTANT MOTHERS THRU HOME VISITS, PARENT TRAININGS, PARENT SOCIALS EVENTS AND ASSESSMENTS OF CHILDREN...

PARENT EDUCATION - PROVIDE SERVICES PRIMARILY THROUGH MOMSFIRST PROGRAM THAT SERVES AT-RISK EXPECTANT MOTHERS THRU HOME VISITS, PARENT TRAININGS, PARENT SOCIALS EVENTS AND ASSESSMENTS OF CHILDREN FROM BIRTH TO 18 MONTHS.

Program 3

Expenses: $196,941

YOUTH DEVELOPMENT - PROVIDE SOCIAL AND EMOTIONAL SUPPORT TO CHILDREN THROUGH AGE 18 VIA EDUCATIONAL ENRICHMENT, YOUTH LEADERSHIP COUNCIL, SUMMER YOUTH EMPLOYMENT, FITNESS, NUTRITION, ATHLETIC, SOCIAL...

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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 $1,191,579

Program Service Revenue $237,814

Investment Income $34,526

Other Revenue $6,853

TOTAL REVENUE $1,470,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $968,067

Fundraising Expenses $42,117

Program Expenses $1,303,514

Other Expenses $747,864

TOTAL EXPENSES $1,715,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,470,772	$1,586,278	-0.1%
Expenses	$1,715,931	$1,618,114	+0.1%
Net Income	$-245,159	$-31,836	+6.7%

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

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

$88,601

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGINA GREATHOUSE-OWEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CORY RIORDAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBIN SCHREIBER	SECRETARY	2.00	Officer Director	$0	$0	$0
WILLIAM CHRISTMAS	MEMBER	1.00	Director	$0	$0	$0
PAULA CONRAD	MEMBER	1.00	Director	$0	$0	$0
JUILIE DAHLHAUSEN	MEMBER	1.00	Director	$0	$0	$0
HARRIET HADLEY	EXECUTIVE DIRECTOR	40.00	Officer	$88,601	$0	$88,601

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	$1,470,772	$1,715,931	$1,445,136	$-245,159
2022	$1,586,278	$1,618,114	$1,614,187	$-31,836
2021	$1,511,734	$1,495,781	$1,808,700	$15,953
2020	$1,602,015	$1,438,983	$1,788,051	$163,032
2019	$1,464,942	$1,520,558	$1,532,407	$-55,616
2018	$1,192,096	$1,292,598	$1,440,407	$-100,502