MIDLAND EMPIRE RESOURCES FOR INDEPENDENT LIVING INC (MERIL) (EIN 431667582) - 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

1994

Legal Domicile

Principal Officer

JULIE EDLUND

Phone

8162798558

Tax Period

2023-07-01 to 2024-06-30

MIDLAND EMPIRE RESOURCES FOR INDEPENDENT LIVING INC (MERIL), founded in 1994, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $7.1M exceeded revenue, resulting in a 46% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS THE ELIMINATION OF PHYSICAL, ATTITUDINAL AND SYSTEMIC BARRIERS AFFECTING PEOPLE WITH DISABILITIES SO THAT ALL INDIVIDUALS, WITH OUR WITHOUT A DISABILITY, ARE FREE TO LIVE AS INDEPENDENTLY AS THEY CHOOSE.

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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 $285,944

Program Service Revenue $3,231,886

Investment Income $1,370,427

Other Revenue $2,911

TOTAL REVENUE $4,891,168

Expense Breakdown

Grants Paid $3,923,002

Salaries & Benefits $850,987

Fundraising Expenses $0

Program Expenses $6,632,224

Other Expenses $2,344,500

TOTAL EXPENSES $7,118,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,891,168	$3,788,914	+0.3%
Expenses	$7,118,489	$3,738,031	+0.9%
Net Income	$-2,227,321	$50,883	-44.8%

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

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

$29,365

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY BRAVO	CHAIR	2.00	Officer Director	$0	$0	$0
KELLY NAROWSKI	VICE CHAIR	2.00	Officer Director	$0	$0	$0
CHRIS FAGAN	SECRETARY	2.00	Officer Director	$0	$0	$0
KATIE CAROLUS	DIRECTOR	2.00	Director	$0	$0	$0
BILL MCCAMMON	DIRECTOR	2.00	Director	$0	$0	$0
KLECI MOSS	DIRECTOR	2.00	Director	$0	$0	$0
KENTON RANDOLPH	DIRECTOR	2.00	Director	$0	$0	$0
KIM WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT HONAN	CEO	40.00	Officer	$10,904	$0	$10,904
DEANN YOUNG	INTERIM CEO	40.00	Officer	$17,723	$738	$18,461

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	$4,891,168	$7,118,489	No data	$-2,227,321
2023	$3,788,914	$3,738,031	$2,441,618	$50,883
2022	$3,333,587	$3,353,398	$2,125,982	$-19,811
2021	$3,736,527	$3,309,595	$2,578,319	$426,932
2020	$3,397,992	$3,522,522	$2,749,622	$-124,530
2019	$3,890,724	$3,527,372	$2,772,334	$363,352
2018	$3,763,949	$3,633,896	$2,532,305	$130,053

MIDLAND EMPIRE RESOURCES FOR INDEPENDENT LIVING INC (MERIL)