MERIDIAN CENTER FOR HEALTH

EIN: 471766892 501(c)(3)

SEATTLE, WA

Total Revenue
$4,777,807
Total Expenses
$4,056,786
Total Assets
N/A
Net Assets
N/A
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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
WA
Principal Officer
HEATHER ANDERSEN
Phone
2064616935
Tax Period
2022-01-01 to 2022-12-31

MERIDIAN CENTER FOR HEALTH, founded in 2014, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2022. Revenue surged 749% from the prior year, signaling strong growth momentum. The organization ran a surplus of $721K, a strong 15% operating margin.

Mission

MERIDIAN CENTER FOR HEALTH'S PURPOSE IS TO SUPPORT AND BENEFIT NEIGHBORCARE HEALTH FINANCIALLY AND OPERATIONALLY.

Program Service Accomplishments

Program 1
Expenses: $3,786,311 Revenue: $542,208

SUPPORT NEIGHBORCARE HEALTH'S WORK OF PROVIDING PRIMARY MEDICAL AND DENTAL CARE IN SEATTLE FOR LOW-INCOME AND UNINSURED FAMILIES AND INDIVIDUALS. MERIDIAN MANAGES AND HELPS TO OPERATE A FACILITY...

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SUPPORT NEIGHBORCARE HEALTH'S WORK OF PROVIDING PRIMARY MEDICAL AND DENTAL CARE IN SEATTLE FOR LOW-INCOME AND UNINSURED FAMILIES AND INDIVIDUALS. MERIDIAN MANAGES AND HELPS TO OPERATE A FACILITY WHERE OTHER SERVICE PROVIDERS, INCLUDING NEIGHBORCARE HEALTH, WILL PROVIDE CO-LOCATED AND INTEGRATED CARE, INCLUDING MEDICAL, DENTAL, MENTAL HEALTH AND RECOVERY, WIC NUTRITION AND MATERNITY SUPPORT SERVICES, TO LOW-INCOME FAMILIES AND INDIVIDUALS.DURING 2022, ALL OPERATIONS AND ASSETS WERE TRANSFERRED TO NEIGHBORCARE HEALTH AND ARTICLES OF MERGER WERE FILED WITH THE WASHINGTON SECRETARY OF STATE TO TERMINATE THE EXISTENCE OF MERIDIAN CENTER FOR HEALTH.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $4,777,807
TOTAL REVENUE $4,777,807

Expense Breakdown

Grants Paid $3,786,311
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,786,311
Other Expenses $270,475
TOTAL EXPENSES $4,056,786

Year-over-Year Comparison

2022 2021 Change
Revenue $4,777,807 $562,726 +7.5%
Expenses $4,056,786 $495,946 +7.2%
Net Income $721,021 $66,780 +9.8%
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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$307,048
Total Directors
3
$307,048
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANINE CHILDS MHA SECRETARY 0.40
Officer Director
$0 $47,564 $307,048
HEATHER ANDERSEN PRESIDENT 0.10
Officer Director
$0 $0 $0
STEVEN SCHAEFER MEMBER 0.10
Director
$0 $0 $0
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
2022 $4,777,807 $4,056,786 No data $721,021
2021 $562,726 $495,946 $17,359,333 $66,780
2020 $594,191 $453,294 $19,105,950 $140,897
2019 $534,465 $594,868 $19,272,930 $-60,403
2018 $652,872 $500,198 $19,678,625 $152,674
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