MEHARRY NATIONAL ALUMNI ASSOCIATION INC STE 601 (EIN 621280197) - 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

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.

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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 $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

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

N/A

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

Total Directors

Key Employees

Highest Compensated

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

MEHARRY NATIONAL ALUMNI ASSOCIATION INC STE 601