MERIDIAN HEALTH SERVICES CORP

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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

1971

Legal Domicile

Principal Officer

SETH WARREN

Phone

7652881928

Tax Period

2024-07-01 to 2025-06-30

MERIDIAN HEALTH SERVICES CORP, founded in 1971, is a major nonprofit in the Mental Health sector that reported $134.3M in total revenue in fiscal year 2024.

Mission

TO HELP MAKE OUR COMMUNITIES HEALTHIER THROUGH A FOCUS ON WHOLE PERSON HEALTH.

Program Service Accomplishments

Program 1

Expenses: $73,165,434 Revenue: $86,532,933

BEHAVIORAL HEALTH INPATIENT AND MEDICAL SERVICES: MERIDIAN HEALTH SERVICES CORP. OPERATES A 16-BED INPATIENT UNIT AND PROVIDES PSYCHIATRIC, PRIMARY CARE, PEDIATRICS, AND OB/GYN MEDICAL SERVICES TO...

BEHAVIORAL HEALTH INPATIENT AND MEDICAL SERVICES: MERIDIAN HEALTH SERVICES CORP. OPERATES A 16-BED INPATIENT UNIT AND PROVIDES PSYCHIATRIC, PRIMARY CARE, PEDIATRICS, AND OB/GYN MEDICAL SERVICES TO RESIDENTS OF THE COMMUNITIES THAT WE SERVE (PRIMARILY THOSE IN ALLEN, DELAWARE, FAYETTE, GRANT, HENRY, HOWARD, JAY, MADISON, MARION, RANDOLPH, RUSH, ST. JOSEPH, TIPPECANOE, AND WAYNE COUNTIES).

Program 2

Expenses: $12,398,826 Revenue: $8,095,749

OUTPATIENT BEHAVIORAL HEALTH COUNSELING PROGRAMS FOR CHILDREN: MERIDIAN HEALTH SERVICES CORP. PROVIDES MENTAL HEALTH AND ADDICTIONS SERVICES TO RESIDENTS OF THE COMMUNITIES THAT WE SERVE (PRIMARILY THOSE IN ALLEN, DELAWARE, FAYETTE, GRANT, HENRY, HOWARD, JAY, MADISON, MARION, RANDOLPH, RUSH, ST. JOSEPH, AND WAYNE COUNTIES). SERVICES INCLUDE OUTPATIENT, FAMILY-CENTERED SERVICES, CHEMICAL DEPENDENCY, CASE MANAGEMENT, AND CONSULTATION AND EDUCATION.

Program 3

Expenses: $17,334,718 Revenue: $18,135,632

OUTPATIENT BEHAVIORAL HEALTH COUNSELING PROGRAMS TO ADULTS: MERIDIAN HEALTH SERVICES CORP. PROVIDES MENTAL HEALTH AND ADDICTIONS SERVICES TO RESIDENTS OF THE COMMUNITIES THAT WE SERVE (PRIMARILY...

OUTPATIENT BEHAVIORAL HEALTH COUNSELING PROGRAMS TO ADULTS: MERIDIAN HEALTH SERVICES CORP. PROVIDES MENTAL HEALTH AND ADDICTIONS SERVICES TO RESIDENTS OF THE COMMUNITIES THAT WE SERVE (PRIMARILY THOSE IN ALLEN, DELAWARE, FAYETTE, GRANT, HENRY, HOWARD, JAY, MADISON, MARION, RANDOLPH, RUSH, ST. JOSEPH, AND WAYNE COUNTIES). SERVICES INCLUDE OUTPATIENT, CHEMICAL DEPENDENCY, CASE MANAGEMENT, AND CONSULTATION AND 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 (2024)

Revenue Breakdown

Contributions & Grants $12,069,387

Program Service Revenue $111,685,053

Investment Income $1,074,163

Other Revenue $9,460,234

TOTAL REVENUE $134,288,837

Expense Breakdown

Grants Paid $6,620,660

Salaries & Benefits $101,405,645

Fundraising Expenses $272,461

Program Expenses $113,195,499

Other Expenses $27,154,364

TOTAL EXPENSES $135,180,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,288,837	$127,270,979	+0.1%
Expenses	$135,180,669	$119,137,859	+0.1%
Net Income	$-891,832	$8,133,120	-1.1%

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

1614

Volunteers

300

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

$1,669,849

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRENT DOWLING	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JULIE NEWHOUSE	BOARD VICE-CHAIR	1.00	Officer Director	$0	$0	$0
DOUG INMAN	BOARD SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DR TERRY WHITT-BAILEY	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN BRAND	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS BOWLES	BOARD MEMBER	1.00	Director	$0	$0	$0
DERRON BISHOP	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN COLDREN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW DAWSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS FANCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARALYN HYMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY LEHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT MCKEE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES KING	BOARD MEMBER PARTIAL TERM	1.00	Director	$0	$0	$0
SUE ANN PFLUM	BOARD MEMBER PARTIAL TERM	1.00	Director	$0	$0	$0
BRIAN RING	BOARD VICE-CHAIR PARTIAL TERM	1.00	Officer Director	$0	$0	$0
BRENT WEBSTER	BOARD CHAIR PARTIAL TERM	1.00	Officer Director	$0	$0	$0
HANK A MILIUS	PAST PRESIDENT/CEO	1.00	Officer	$459,089	$20,819	$479,908
SCOTT RIGGS	CFO	50.00	Officer	$371,060	$60,767	$431,827
SETH WARREN	PRESIDENT/CEO	50.00	Officer	$696,615	$61,499	$758,114
SARFRAZ KHAN	CMO AND VP OF MEDICAL SERVICES	50.00	Highest	$503,669	$60,461	$564,130
ALAPATI VENU	PSYCHIATRIST	40.00	Highest	$387,526	$54,942	$442,468
HOVERSLAND JON	OB/GYN	40.00	Highest	$458,370	$57,492	$515,862
OGUNLEYE AYODEJI	PSYCHIATRIST	40.00	Highest	$414,724	$16,193	$430,917
KHALID MALEEHA	OB/GYN	40.00	Highest	$453,056	$59,191	$512,247

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	$134,288,837	$135,180,669	$134,042,235	$-891,832
2024	No data	No data	No data	No data
2023	$119,978,792	$106,393,117	$117,304,473	$13,585,675
2022	$118,699,562	$95,069,417	$102,071,902	$23,630,145
2021	$110,091,980	$93,988,711	$84,960,521	$16,103,269
2020	$92,851,720	$90,216,746	$62,035,028	$2,634,974
2019	$89,650,111	$86,324,357	$59,692,654	$3,325,754
2018	$81,950,772	$79,016,813	$53,021,260	$2,933,959