MEHARRY NATIONAL ALUMNI ASSOCIATION INC STE 601

EIN: 621280197 501(c)(3) Education

NASHVILLE, TN

Total Revenue
$342,274
Total Expenses
$225,416
Total Assets
$4,252,464
Net Assets
$4,244,866
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Principal Officer
RAHWA MEHARI
Phone
6153276266
Tax Period
2024-07-01 to 2025-06-30

MEHARRY NATIONAL ALUMNI ASSOCIATION INC STE 601, founded in 1924, is a small nonprofit in the Education sector that reported $342K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $117K, a strong 34% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO MEHARRY MEDICAL COLLEGE AND ITS STUDENTS BY KEEPING ALUMNI ACTIVE AND ABREAST OF THE INSTITUTIONS AFFAIRS.

Program Service Accomplishments

Program 1
Expenses: $205,209

TO PROVIDE FINANCIAL ASSISTANCE TO MEHARRY MEDICAL COLLEGE AND ITS STUDENTS BY KEEPING ALUMNI ACTIVE AND ABREAST OF THE INSTITUTIONS AFFAIRS. THE ACTIVE MEMBERSHIP ROOSTER IS APPROXIMATELY 350.

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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 $167,020
Program Service Revenue $0
Investment Income $179,291
Other Revenue $-4,037
TOTAL REVENUE $342,274

Expense Breakdown

Grants Paid $107,158
Salaries & Benefits $0
Fundraising Expenses $4,741
Program Expenses $205,209
Other Expenses $118,258
TOTAL EXPENSES $225,416

Year-over-Year Comparison

2024 2023 Change
Revenue $342,274 $229,822 +0.5%
Expenses $225,416 $228,935 0.0%
Net Income $116,858 $887 +130.7%
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

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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
8
Independent Members
8
Employees
N/A
Volunteers
10

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILLY RAY BALLARD BOARD MEMBER 1.00
Director
$0 $0 $0
ETHEL HARRIS DDS PRESIDENT 1.00
Director
$0 $0 $0
RAHWA MEHARI EXECUTIVE DI 40.00
Officer Director
$0 $0 $0
DR JAMES M ROGAN SECRETARY 1.00
Director
$0 $0 $0
THOMAS SCOTT PRESIDENT-EL 1.00
Director
$0 $0 $0
EDITH SMITH-RAYFORD VICE PRESIDE 1.00
Director
$0 $0 $0
DR KELLI TURNER TREASURER 1.00
Director
$0 $0 $0
LEWIS HARGETT MD PAST PRESIDE 1.00
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 $342,274 $225,416 $4,252,464 $116,858
2024 $229,822 $228,935 $3,886,871 $887
2023 $269,269 $219,296 $3,620,324 $49,973
2022 $404,089 $330,816 $3,460,148 $73,273
2021 $567,608 $280,185 $3,969,717 $287,423
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