MEDICAL EDUCATION RESOURCES INITIATIVE FOR TEENS INC

EIN: 471139530 501(c)(3) Youth Development

BALTIMORE, MD

Total Revenue
$194,784
Total Expenses
$805,890
Total Assets
$1,276,651
Net Assets
$1,205,789
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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
2014
Legal Domicile
MD
Principal Officer
TRACEY K ALLARD
Phone
4436771705
Tax Period
2023-09-01 to 2024-08-31

MEDICAL EDUCATION RESOURCES INITIATIVE FOR TEENS INC, founded in 2014, is a small nonprofit in the Youth Development sector that reported $195K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $806K exceeded revenue, resulting in a 314% operating deficit.

Mission

MEDICAL EDUCATION RESOURCES INITIATIVE FOR TEENS (MERIT) AIMS TO ELIMINATE HEALTH CARE DISPARITIES BY TRANSFORMING UNDER-REPRESENTED HIGH SCHOOL STUDENTS INTO HEALTH CARE LEADERS. TO ACCOMPLISH THESE GOALS, MERIT PROVIDES SUPPORT AND OPPORTUNITIES TO STUDENTS THROUGH MIDDLE SCHOOL, HIGH SCHOOL, COLLEGE, AND BEYOND. THIS SUPPORT INCLUDES RIGOROUS ACADEMIC CLASSES, INTENSIVE MENTORSHIP, COLLEGE COUNSELING, HEALTH CAREER INTERNSHIPS, AND MORE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $194,784
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $194,784

Expense Breakdown

Grants Paid $0
Salaries & Benefits $462,279
Fundraising Expenses $44,278
Program Expenses $457,672
Other Expenses $343,611
TOTAL EXPENSES $805,890

Year-over-Year Comparison

2023 2022 Change
Revenue $194,784 $580,309 -0.7%
Expenses $805,890 $806,201 0.0%
Net Income $-611,106 $-225,892 +1.7%
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

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Governance

Voting Members
9
Independent Members
9
Employees
6
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
3
$127,213
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHITAMAWE DAKA MULWANDA MEMBER 1.00
Director
$0 $0 $0
SHYAM GADWAL MEMBER 1.00
Director
$0 $0 $0
GEOFFREY GENTH MEMBER 1.00
Director
$0 $0 $0
TYLER MAINS MD CHAIR 1.00
Director
$0 $0 $0
SCOTT WRIGHT MD MEMBER 1.00
Director
$0 $0 $0
KRISTIN KOSMIDES VICE CHAIR 1.00
Director
$0 $0 $0
BRIAN MCDONALD TREASURER 2.00
Officer Director
$0 $0 $0
DR SHERITA GOLDEN MEMBER 2.00
Officer Director
$0 $0 $0
LISA EGBOUNU-DAVIS MD MEMBER 1.00
Director
$0 $0 $0
JIMMY TADLOCK EXECUTIVE DIRECTOR 40.00
Officer
$127,213 $0 $127,213
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 $194,784 $805,890 $1,276,651 $-611,106
2023 $580,309 $806,201 $1,884,823 $-225,892
2022 $920,463 $922,170 $2,103,075 $-1,707
2021 $1,067,500 $795,380 $2,116,740 $272,120
2020 $746,231 $786,249 $1,898,357 $-40,018
2019 $1,793,554 $802,144 $1,828,504 $991,410
2018 $786,640 $788,584 $846,015 $-1,944
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