GEORGE J & HILDA MEYER FOUNDATION INC (EIN 430797126) - 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

1963

Legal Domicile

Principal Officer

DAVID SCHMIDT

Phone

6605847111

Tax Period

2023-09-01 to 2024-08-31

GEORGE J & HILDA MEYER FOUNDATION INC, founded in 1963, is a community nonprofit in the Human Services sector that reported $8.5M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

PROVIDES A HOME FOR THE AGED AND A NURSING FACILITY FOR THE MEDICAL CARE OF THE COMMUNITY.

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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 $8,796

Program Service Revenue $8,295,520

Investment Income $64,107

Other Revenue $153,100

TOTAL REVENUE $8,521,523

Expense Breakdown

Grants Paid $200

Salaries & Benefits $4,834,352

Fundraising Expenses $0

Program Expenses $7,863,236

Other Expenses $4,273,493

TOTAL EXPENSES $9,108,045

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,521,523	$9,759,970	-0.1%
Expenses	$9,108,045	$8,469,323	+0.1%
Net Income	$-586,522	$1,290,647	-1.5%

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

197

Volunteers

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

$64,374

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SCHMIDT	PRESIDENT	0.90	Officer Director	$0	$0	$0
MICHELLE ALUMBAUGH	TREASURER	0.90	Officer Director	$0	$0	$0
JIMMY URFER	MEMBER	0.90	Director	$0	$0	$0
SHANDA SPIRE	VICE PRESIDENT/SECRETARY	0.90	Officer Director	$0	$0	$0
KEN GASSEN	MEMBER	0.90	Director	$0	$0	$0
DOUG BOOKER	MEMBER (TERM END 10/23)	0.90	Director	$0	$0	$0
MARY BRISCOE	INTERIM EXECUTIVE DIRECTOR	39.00	Officer	$24,759	$0	$24,759
TIFFANY GOETZ	EXECUTIVE DIRECTOR	39.00	Officer	$39,615	$0	$39,615

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	$8,521,523	$9,108,045	$9,062,436	$-586,522
2023	$9,759,970	$8,469,323	$10,143,726	$1,290,647
2022	$7,831,601	$8,560,769	$9,047,753	$-729,168
2021	$9,010,006	$8,643,062	$10,031,123	$366,944
2020	$7,969,260	$8,338,507	$10,646,107	$-369,247
2019	$7,432,177	$7,802,205	$10,929,826	$-370,028
2018	$6,376,120	$7,102,787	$11,172,719	$-726,667

GEORGE J & HILDA MEYER FOUNDATION INC