MERIDIAN BEHAVIORAL HEALTH SERVICES INC

EIN: 562280613 501(c)(3) Mental Health

Sylva, NC

Total Revenue
$6,410,150
Total Expenses
$6,672,971
Total Assets
$4,604,397
Net Assets
$3,879,651
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NC
Principal Officer
BRIAN MORTON
Phone
8286313973
Tax Period
2024-04-01 to 2025-03-31

MERIDIAN BEHAVIORAL HEALTH SERVICES INC, founded in 2001, is a community nonprofit in the Mental Health sector that reported $6.4M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year.

Mission

PROVISION OF RECOVERY SERVICES, CHILD AND FAMILY SERVICES, AND SUBSTANCE ABUSE SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $956,777
Program Service Revenue $5,331,153
Investment Income $122,220
Other Revenue $0
TOTAL REVENUE $6,410,150

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,804,942
Fundraising Expenses $0
Program Expenses $4,191,725
Other Expenses $1,868,029
TOTAL EXPENSES $6,672,971

Year-over-Year Comparison

2024 2023 Change
Revenue $6,410,150 $7,972,882 -0.2%
Expenses $6,672,971 $8,992,328 -0.3%
Net Income $-262,821 $-1,019,446 -0.7%
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
10
Independent Members
10
Employees
N/A
Volunteers
4

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
5
$1,196,335
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY SPIRO BOARD MEMBER 1.00
Director
$0 $0 $0
LORNA BARNETT BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT COCHRAN BOARD MEMBER 1.00
Director
$0 $0 $0
CARRIE MCBANE BOARD MEMBER 1.00
Director
$0 $0 $0
JEAN MARIE DILLON BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN PENNY GASH-PEARSON BOARD MEMBER 1.00
Director
$0 $0 $0
RENEE KUMOR BOARD MEMBER 1.00
Director
$0 $0 $0
JOSHUA KENNEDY BOARD MEMBER 1.00
Director
$0 $0 $0
JUAN RAMIREZ BOARD MEMBER 1.00
Director
$0 $0 $0
LINDA WELDON BOARD MEMBER 1.00
Director
$0 $0 $0
DONALD BUCKNER CHIEF BEHAVIORAL HEALTH OFFICER 40.00
Officer
$0 $48,055 $345,652
RICHARD HUDSPETH FORMER CHIEF EXECUTIVE OFFICER 40.00
Officer
$0 $25,288 $297,428
BRIAN MORTON CHIEF FINANCIAL OFFICER 40.00
Officer
$0 $40,621 $221,061
TAMMY GREENWELL FORMER CHIEF OPERATIONAL OFFICER 40.00
Officer
$0 $36,397 $181,555
TRACI SPENCE CHIEF OPERATIONAL OFFICER 40.00
Officer
$0 $22,900 $150,639
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 $6,410,150 $6,672,971 $4,604,397 $-262,821
2024 $7,972,882 $8,992,328 $4,765,589 $-1,019,446
2023 $10,707,042 $10,104,510 $6,350,546 $602,532
2021 $11,125,005 $11,292,247 $4,287,146 $-167,242
2020 $11,801,098 $11,822,174 $4,292,543 $-21,076
2019 $13,178,405 $12,984,396 $2,862,947 $194,009
2018 $14,531,183 $15,053,618 $3,176,692 $-522,435
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