MERCI CLINIC INC (EIN 562034052) - 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

1997

Legal Domicile

Principal Officer

DAVID MILLS

Phone

2526331599

Tax Period

2024-01-01 to 2024-12-31

MERCI CLINIC INC, founded in 1997, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 4% surplus.

Mission

TO PROVIDE FREE MEDICAL CARE TO THE UNINSURED IN CRAVEN, PAMLICO & JONES COUNTIES. SERVICES INCLUDE DOCTORS VISITS, LAB WORK, DIAGNOSIS TESTS, MEDICATIONS, LIMITED DENTISTRY & EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,391,749

Program Service Revenue $208

Investment Income $7,480

Other Revenue $-28,505

TOTAL REVENUE $1,370,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $380,840

Fundraising Expenses $11,431

Program Expenses $1,212,889

Other Expenses $936,331

TOTAL EXPENSES $1,317,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,370,932	$2,398,511	-0.4%
Expenses	$1,317,171	$2,534,802	-0.5%
Net Income	$53,761	$-136,291	-1.4%

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

$49,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JD BOBBITT	PRESIDENT	2.00	Officer Director	$0	$0	$0
ISA GATACOS-PADRO	SECRETARY	2.00	Officer Director	$0	$0	$0
JASON SKLADAN	TREASURER	2.00	Officer Director	$0	$0	$0
JIM BEHL	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD FURNAS	DIRECTOR	1.00	Director	$0	$0	$0
JAY RISHEL	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
KELSIE MCBRIDE	DIRECTOR	1.00	Director	$0	$0	$0
DOROTHY HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MILLS	EXECUTIVE DIRECTOR	40.00	Officer	$49,999	$0	$49,999

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	$1,370,932	$1,317,171	$906,870	$53,761
2023	$2,398,511	$2,534,802	$840,726	$-136,291
2022	$2,602,933	$2,593,568	$973,420	$9,365
2021	$3,047,386	$2,936,632	$980,448	$110,754
2020	$3,067,487	$2,914,517	$868,318	$152,970
2020	$3,062,153	$2,909,183	$868,318	$152,970

MERCI CLINIC INC