MERITAN 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

1961

Legal Domicile

Principal Officer

MELANIE KELLER

Phone

9017660600

Tax Period

2023-07-01 to 2024-06-30

MERITAN INC, founded in 1961, is a mid-sized nonprofit in the Human Services sector that reported $17.5M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $15.1M left a modest 14% surplus.

Mission

IMPROVE WELL-BEING AND PROMOTE INDEPENDENCE THROUGHOUT LIFE'S STAGES WITH QUALITY AND COMPASSION.

Program Service Accomplishments

Program 1

Expenses: $7,786,254 Revenue: $11,400,242

SPECIALIZED FOSTER CAREMERITAN'S THERAPEUTIC FOSTER CARE PROGRAM PROVIDES SAFE, NURTURING FOSTER CARE HOMES FOR EMOTIONALLY AND PHYSICALLY FRAGILE CHILDREN AND INFANTS, MOST OF WHOM COME FROM ABUSIVE...

Program 2

Expenses: $2,121,885 Revenue: $2,076,028

HOME HEALTHMERITAN'S HOME HEALTH ASSISTS CLIENTS IN THEIR HOMES WITH A FULL SPECTRUM OF SERVICES, INCLUDING SKILLED NURSING, HOME HEALTH AIDES, MEDICAL SOCIAL WORKERS, PHYSICAL, SPEECH, AND...

HOME HEALTHMERITAN'S HOME HEALTH ASSISTS CLIENTS IN THEIR HOMES WITH A FULL SPECTRUM OF SERVICES, INCLUDING SKILLED NURSING, HOME HEALTH AIDES, MEDICAL SOCIAL WORKERS, PHYSICAL, SPEECH, AND OCCUPATIONAL THERAPIES.

Program 3

Expenses: $2,667,227 Revenue: $1,097,908

OTHER PROGRAMSALL OTHER PROGRAMS OFFERED TO HELP ASSIST CLIENTS CONSIST OF THE DEPARTMENT OF HUMAN RESOURCES - HOMEMAKERS, FAMILY SUPPORT INTELLECTUAL DISABILITIES AND TENNESSEE MEDICAL RESIDENCE...

OTHER PROGRAMSALL OTHER PROGRAMS OFFERED TO HELP ASSIST CLIENTS CONSIST OF THE DEPARTMENT OF HUMAN RESOURCES - HOMEMAKERS, FAMILY SUPPORT INTELLECTUAL DISABILITIES AND TENNESSEE MEDICAL RESIDENCE, CHOICES, AND THE SENIOR AIDE PROGRAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,950,245

Program Service Revenue $14,574,178

Investment Income $72,026

Other Revenue $925,112

TOTAL REVENUE $17,521,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,721,595

Fundraising Expenses $0

Program Expenses $12,575,366

Other Expenses $9,402,788

TOTAL EXPENSES $15,124,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,521,561	$18,510,739	-0.1%
Expenses	$15,124,383	$15,002,716	+0.0%
Net Income	$2,397,178	$3,508,023	-0.3%

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

253

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

$138,971

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN HOFFMAN	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
KIM STRICKLAND	PAST CHAIRMAN	1.00	Director	$0	$0	$0
BRYANT JOSHUA TURNER	SECRETARY	1.00	Officer Director	$0	$0	$0
BETHANY HUFFMAN	DIRECTOR	1.00	Director	$0	$0	$0
GERRE CURRIE	DIRECTOR	1.00	Director	$0	$0	$0
JEROME ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WALKUP	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SHARON YOUNGER	DIRECTOR	1.00	Director	$0	$0	$0
CRYSTAL HATCHER	DIRECTOR	1.00	Director	$0	$0	$0
MARK BOUIE	VP OF FOSTER CARE	40.00	Officer	$138,971	$0	$138,971
MELANIE KELLER	PRESIDENT, CEO	40.00	Officer	$0	$0	$0
JEFF WEESNER	CAO	40.00	Officer	$0	$0	$0
ASIA MEADOR	GENERAL COUNSELOR	40.00	Officer	$0	$0	$0
PATTI KESLER	SENIOR VP CFO	40.00	Officer	$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
2025	No data	No data	No data	No data
2024	$17,521,561	$15,124,383	$4,638,909	$2,397,178
2023	$18,510,739	$15,002,716	$5,573,292	$3,508,023
2022	$16,356,031	$12,786,874	$4,688,088	$3,569,157
2021	$12,507,175	$11,624,626	$6,427,903	$882,549
2020	$13,594,463	$11,820,509	$7,310,987	$1,773,954
2019	$13,374,289	$13,450,999	$6,504,862	$-76,710