MEYGA Learning Center Inc

EIN: 813131422 501(c)(3)

Miami, FL

Total Revenue
$364,127
Total Expenses
$402,093
Total Assets
$484,474
Net Assets
$484,474
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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
2016
Legal Domicile
FL
Tax Period
2023-01-01 to 2023-12-31

MEYGA Learning Center Inc, founded in 2016, is a small nonprofit that reported $364K in total revenue in fiscal year 2023. Expenses of $402K exceeded revenue, resulting in a 10% operating deficit.

Mission

MEYGA promotes the mental, physical and social well-being of senior, youth and families by inspiring and empowering them with self-sufficient activities that are custmized to meet the goals and objectives which lead them to the role of independence.

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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 (2023)

Revenue Breakdown

Contributions & Grants $364,127
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $364,127

Expense Breakdown

Grants Paid $0
Salaries & Benefits $321,464
Fundraising Expenses $0
Program Expenses $395,824
Other Expenses $80,629
TOTAL EXPENSES $402,093

Year-over-Year Comparison

2023 2022 Change
Revenue $364,127 $364,127 N/A
Expenses $402,093 $364,127 +0.1%
Net Income $-37,966 N/A N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
22
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
3
$0
Total Directors
3
$0
Key Employees
1
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joan Bellamy Secretary 0.00
Officer Director
$0 $0 $0
Doug Mayor Treasurer 0.00
Officer Director
$0 $0 $0
Marvin Jackson President 0.00
Officer Director
$0 $0 $0
Samantha Quarterman CEO 0.00
Key Emp Highest
$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 $364,127 $402,093 $484,474 $-37,966
2022 $787,528 $720,638 $522,440 $66,890
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