MERITAS INC

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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

1990

Legal Domicile

Principal Officer

SONA PANCHOLY

Phone

6123398680

Tax Period

2023-01-01 to 2023-12-31

MERITAS INC, founded in 1990, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $4.5M left a modest 4% surplus.

Mission

MERITAS IS A GLOBAL NETWORK OF INDEPENDENT LAW FIRMS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

Program Service Accomplishments

Program 1

MEMBER MEETINGS: THE PRIMARY GOAL OF MEMBER MEETINGS IS TO BUILD RELATIONSHIPS. BY DOING SO, THE ORGANIZATION ACHIEVES ITS OVERALL GOAL OF BUILDING TRUST BETWEEN ITS MEMBERS SUCH THAT LEGAL WORK CAN BE REFERRED WITH CONFIDENCE ACROSS ALL REGIONS OF THE NETWORK. A SECONDARY GOAL IS TO PROVIDE A FORUM FOR THE EDUCATION OF MEMBERS ON VARIOUS LEGAL ISSUES, MARKETING TRENDS, BUSINESS DEVELOPMENT TECHNIQUES AND FIRM MANAGEMENT.

Program 2

MARKETING: MARKETING AT MERITAS INCLUDES THE MERITAS WEB SITE, A PUBLIC RELATIONS PROGRAM, TRADESHOW APPEARANCES AND SPONSORSHIPS AS WELL AS PUBLICATIONS. THE OBJECTIVE OF MARKETING IS TO CREATE...

MARKETING: MARKETING AT MERITAS INCLUDES THE MERITAS WEB SITE, A PUBLIC RELATIONS PROGRAM, TRADESHOW APPEARANCES AND SPONSORSHIPS AS WELL AS PUBLICATIONS. THE OBJECTIVE OF MARKETING IS TO CREATE AWARENESS OF THE MERITAS ORGANIZATION AMONG PROSPECTIVE CLIENTS OF MERITAS FIRMS.

Program 3

REGIONAL MEMBER SUPPORT: REGIONAL MEMBER SUPPORT INVOLVES THE DEVELOPMENT AND MANAGEMENT OF INITIATIVES THAT FACILITATE MEMBER ENGAGEMENT, LEADERSHIP AND PLANNING AND THE SHARING OF INFORMATION AND BEST PRACTICES. MEMBER FIRMS ARE SUPPORTED THROUGH THE PLANNING, EXECUTION AND FOLLOW-UP OF THESE REGIONAL INITIATIVES.

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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 $0

Program Service Revenue $4,376,930

Investment Income $83,833

Other Revenue $211,143

TOTAL REVENUE $4,671,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,657,166

Fundraising Expenses $0

Other Expenses $2,815,275

TOTAL EXPENSES $4,472,441

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,671,906	$4,193,238	+0.1%
Expenses	$4,472,441	$3,938,713	+0.1%
Net Income	$199,465	$254,525	-0.2%

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

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

$495,207

Total Directors

$87,756

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT KRANTZ	CHAIRMAN OF THE BOARD	10.00	Director	$87,756	$0	$87,756
CHRISTOPH MORCK	DIRECTOR	0.00	Director	$0	$0	$0
DENNIS DOUCETTE	DIRECTOR	0.00	Director	$0	$0	$0
NINI HALIM	DIRECTOR	0.00	Director	$0	$0	$0
LAURA HALLMON	DIRECTOR	0.00	Director	$0	$0	$0
ANDRES MONTOYA	DIRECTOR	0.00	Director	$0	$0	$0
SHELDON STOKES	DIRECTOR	0.00	Director	$0	$0	$0
ALBERTO ESTRELLA	DIRECTOR	0.00	Director	$0	$0	$0
PETER JAARI	DIRECTOR	0.00	Director	$0	$0	$0
KWADWO NTRAKWAH	DIRECTOR	0.00	Director	$0	$0	$0
CRAIG PARRY	DIRECTOR	0.00	Director	$0	$0	$0
FABIANA SOLANO	DIRECTOR	0.00	Director	$0	$0	$0
DREW DILLWORTH	DIRECTOR	0.00	Director	$0	$0	$0
ALEX DOBREV	DIRECTOR	0.00	Director	$0	$0	$0
ESTHER DOMINGUEZ	DIRECTOR	0.00	Director	$0	$0	$0
MATT EVANS	DIRECTOR	0.00	Director	$0	$0	$0
ANDREW LAMBROS	DIRECTOR	0.00	Director	$0	$0	$0
DAVID REID	DIRECTOR	0.00	Director	$0	$0	$0
EMMA RICHMOND	DIRECTOR	0.00	Director	$0	$0	$0
JUDITH WALLACE	DIRECTOR	0.00	Director	$0	$0	$0
PHILIP WONG	DIRECTOR	0.00	Director	$0	$0	$0
AMANDA ESCH	DIRECTOR	0.00	Director	$0	$0	$0
SONA PANCHOLY	PRESIDENT	40.00	Officer	$275,050	$22,218	$297,268
KIMBERLY HEINRICH	DIR OF GLOBAL MKTING	40.00	Officer	$168,500	$29,439	$197,939
KIM GENDRON	REGIONAL DIRECTOR	40.00	Highest	$147,339	$5,715	$153,054

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	$4,671,906	$4,472,441	$5,463,855	$199,465
2022	$4,193,238	$3,938,713	$5,178,417	$254,525
2021	$3,491,008	$2,970,575	$4,826,395	$520,433
2020	$3,527,860	$3,186,787	$4,261,942	$341,073
2019	$4,255,175	$4,288,887	$3,947,326	$-33,712
2018	$4,221,473	$4,077,645	$3,964,447	$143,828