MERRIMAC HEIGHTS ACADEMY INC (EIN 364760914) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Principal Officer

LYGIA SOARES

Phone

9782235258

Tax Period

2023-07-01 to 2024-06-30

MERRIMAC HEIGHTS ACADEMY INC, founded in 2013, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $549K, a strong 25% operating margin.

Mission

TO PROVIDE SECONDARY AND POST-SECONDARY EDUCATION INCLUDING CAREER- TECHNICAL TRAINING; TO ENSURE SUCCESSFUL TRANSITION INTO EMPLOYMENT; TO INCREASE PROPENSITY

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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 $23,348

Program Service Revenue $2,116,156

Investment Income $33,890

Other Revenue $65,355

TOTAL REVENUE $2,238,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,415,259

Fundraising Expenses $0

Program Expenses $1,570,067

Other Expenses $274,086

TOTAL EXPENSES $1,689,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,238,749	$1,719,030	+0.3%
Expenses	$1,689,345	$1,312,830	+0.3%
Net Income	$549,404	$406,200	+0.4%

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

Total Directors

$145,584

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYGIA SOARES	EXECUTIVE DI	40.00	Director	$145,584	$0	$145,584
CHRIS FISHER	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT HOLIAN	BOARD MEMBER	2.00	Director	$0	$0	$0
KEN LYNCH	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM MAJOR	BOARD MEMBER	2.00	Director	$0	$0	$0
BERNICE PIERCE	SECRETARY	2.00	Director	$0	$0	$0
MIKE SANBORN	BOARD MEMBER	2.00	Director	$0	$0	$0
MAX LA GUERRE	BOARD MEMBER	2.00	Officer	$0	$0	$0
KRISTIN MCCAULEY	PRESIDENT	2.00	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
2025	No data	No data	No data	No data
2024	$2,238,749	$1,689,345	$2,954,934	$549,404
2023	$1,719,030	$1,312,830	$2,209,442	$406,200
2022	$1,466,182	$1,092,640	$1,780,648	$373,542
2021	$794,487	$925,189	$1,434,200	$-130,702
2020	$1,013,853	$963,681	$1,378,047	$50,172
2019	$1,037,475	$834,126	$1,268,200	$203,349
2018	$721,903	$722,399	$1,112,960	$-496

MERRIMAC HEIGHTS ACADEMY INC