MERIT INCORPORATED (EIN 770500422) - 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

Legal Domicile

Principal Officer

TOM GAMMON

Phone

8312779448

Tax Period

2022-09-01 to 2023-08-31

MERIT INCORPORATED is a small nonprofit that reported $136K in total revenue in fiscal year 2022. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $312K exceeded revenue, resulting in a 130% operating deficit.

Mission

ENTERPRISE, RESEARCH AND TRAINING TO STRENGTHEN AND RECLAIM YOUNG LIVES

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $132,727

Investment Income $3,200

Other Revenue $0

TOTAL REVENUE $135,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,105

Fundraising Expenses $0

Program Expenses $195,047

Other Expenses $99,371

TOTAL EXPENSES $312,476

Year-over-Year Comparison

	2022	2021	Change
Revenue	$135,927	$404,460	-0.7%
Expenses	$312,476	$676,239	-0.5%
Net Income	$-176,549	$-271,779	-0.4%

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
LARRY THOMPSON	Director	1.00	Director	$0	$0	$0
MACK JENKINS	Director	1.00	Director	$0	$0	$0
YOLANDA CASTRO	Director	1.00	Director	$0	$0	$0
ANDREA DEVEAU	Director	1.00	Director	$0	$0	$0
TED GRAY	Director	1.00	Director	$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
2023	$135,927	$312,476	$27,399	$-176,549
2022	$404,460	$676,239	$206,941	$-271,779
2021	$778,014	$559,334	$314,041	$218,680
2020	$410,091	$432,194	$161,335	$-22,103
2019	$744,840	$448,902	$96,464	$295,938
2018	$433,461	$425,250	$60,404	$8,211

MERIT INCORPORATED