Meridian Art Association (EIN 646036338) - 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

1968

Legal Domicile

Principal Officer

KATE CHERRY

Phone

6016931501

Tax Period

2023-07-01 to 2024-06-30

Meridian Art Association, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $214K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $33K, a strong 15% operating margin.

Mission

To promote and support the art, artists, and art programs of our area through art education, exhibitions, collections, collaborations with other organizations, special events and community involvement.

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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 $165,700

Program Service Revenue $11,175

Investment Income $3,255

Other Revenue $34,194

TOTAL REVENUE $214,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,311

Fundraising Expenses $74

Program Expenses $149,350

Other Expenses $88,076

TOTAL EXPENSES $181,387

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,324	$183,638	+0.2%
Expenses	$181,387	$169,019	+0.1%
Net Income	$32,937	$14,619	+1.3%

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

Volunteers

N/A

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
KEITH EVERETT	PAST PRESIDENT	5.00	Director	$0	$0	$0
TIM ALLRED	PRESIDENT	5.00	Officer	$0	$0	$0
TERESA THORNHILL	VICE PRESIDENT	5.00	Officer	$0	$0	$0
TRISH FRAZIER	SECRETARY	5.00	Officer	$0	$0	$0
JOHN NORTHAM	TREASURER	5.00	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	$214,324	$181,387	$524,198	$32,937

Meridian Art Association