VILLAGE OF MERICI 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

2007

Legal Domicile

Principal Officer

KRISTY HAYES

Phone

3172929408

Tax Period

2025-01-01 to 2025-12-31

VILLAGE OF MERICI INC, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2025. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $2.8M exceeded revenue, resulting in a 178% operating deficit.

Mission

THE VILLAGE OF MERICI PROVIDES AN INNOVATIVE APPROACH TO SERVICES FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES FOCUSED ON INDEPENDENT LIVING.

Program Service Accomplishments

Program 1

Expenses: $2,832,323 Revenue: $1,969,724

VILLAGE OF MERICI IS A STATE-APPROVED, DIRECT SERVICE PROVIDER FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. INDIVIDUAL SERVICES ARE PROVIDED THROUGH THE FAMILY SUPPORT WAIVER (FSW)...

VILLAGE OF MERICI IS A STATE-APPROVED, DIRECT SERVICE PROVIDER FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. INDIVIDUAL SERVICES ARE PROVIDED THROUGH THE FAMILY SUPPORT WAIVER (FSW), COMMUNITY INTEGRATION & HABILITATION WAIVER (CIH), OR PRIVATE PAY. SERVICES ARE AVAILABLE THROUGHOUT INDIANAPOLIS AND SURROUNDING COUNTIES.SUPPORT LIVING SERVICES PROVIDE OPPORTUNITIES TO PROMOTE THEIR PERSONAL, SOCIAL, AND VOCATIONAL COMPETENCY TO LIVE SUCCESSFULLY IN THEIR OWN RESIDENTIAL SETTING. SERVICES INCLUDE ASSISTANCE IN CHOICE AND MAINTAINING AFFORDABLE HOUSING, TRAINING IN HEALTHY LIFESTYLES AND DAILY LIVING SKILLS, AND TRAINING IN INCOME GENERATING ACTIVITIES.THROUGH FINANCIAL AND BUILDING PARTNERSHIPS, VILLAGE OF MERICI PROVIDES SUPPORTIVE HOUSING OPTIONS, ENCOURAGING INDEPENDENT, SELF-DIRECTED LIVES IN LAWRENCE AND CARMEL INDIANA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,080,305

Program Service Revenue $1,890,407

Investment Income $-2,034,488

Other Revenue $83,927

TOTAL REVENUE $1,020,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,291,041

Fundraising Expenses $0

Program Expenses $2,832,323

Other Expenses $541,282

TOTAL EXPENSES $2,832,323

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,020,151	$3,314,225	-0.7%
Expenses	$2,832,323	$2,682,385	+0.1%
Net Income	$-1,812,172	$631,840	-3.9%

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

$195,659

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA FLEMING	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
TIM SPECHT	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
VICTORIA PIERCEALL CPA	TREASURER	1.00	Officer Director	$0	$0	$0
JILL RUSK	SECRETARY	1.00	Officer Director	$0	$0	$0
TOBY MCCLAMROCH	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY YU	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID MCDOWELL	BOARD MEMBER	0.50	Director	$0	$0	$0
CARL BECKER	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANK HUTNICKE MD	BOARD MEMBER	0.50	Director	$0	$0	$0
PJ LOEHRER	BOARD MEMBER	0.50	Director	$0	$0	$0
PAT SCHAEFER CPRIA	BOARD MEMBER	0.50	Director	$0	$0	$0
BARNEY FRANCIS QUINN JR	BOARD MEMBER	0.50	Director	$0	$0	$0
LOUI LORD NELSON PHD	BOARD MEMBER	0.50	Director	$0	$0	$0
ASHLEY DICKERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
COLLEEN RENIE	FORMER EXECUTIVE DIRECTOR	50.00	Officer	$93,610	$0	$93,610
KRISTY HAYES	EXECUTIVE DIRECTOR	50.00	Officer	$102,049	$0	$102,049

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	$1,020,151	$2,832,323	$3,372,123	$-1,812,172
2024	$3,314,225	$2,682,385	$7,881,292	$631,840
2023	$2,446,820	$2,063,038	$5,029,393	$383,782
2022	$2,303,196	$1,771,289	$4,277,989	$531,907
2021	$2,362,540	$1,518,510	$3,615,623	$844,030
2020	$2,771,588	$1,230,619	$2,752,307	$1,540,969
2019	$1,199,223	$998,468	$1,207,515	$200,755
2018	$904,310	$835,782	$1,000,405	$68,528