MERCHANT ROW ASSOCIATION CORPORATI… - Form 990 Financial Data

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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

2017

Legal Domicile

Principal Officer

JUDITH THOMAS

Phone

2028539810

Tax Period

2023-10-01 to 2024-09-30

MERCHANT ROW ASSOCIATION CORPORATION, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $346K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $540K exceeded revenue, resulting in a 56% operating deficit.

Program Service Accomplishments

Program 1

Expenses: $493,736 Revenue: $64,300

EMMS CONTINUALLY FULFILLED ITS MISSION OF SUPPORTING, PROMOTING, AND RECRUITING BUSINESSES BY ENGAGING SMALL BUSINESS TECHNICAL ASSISTANCE, AWARD GRANTS FOR FACADE IMPROVEMENTS AND OPERATION, AND...

EMMS CONTINUALLY FULFILLED ITS MISSION OF SUPPORTING, PROMOTING, AND RECRUITING BUSINESSES BY ENGAGING SMALL BUSINESS TECHNICAL ASSISTANCE, AWARD GRANTS FOR FACADE IMPROVEMENTS AND OPERATION, AND HOSTING EVENTS TO HIGHLIGHT THE NEIGHBORHOOD AND BRING NEW CUSTOMERS INTO THE AREA.

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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 $248,073

Program Service Revenue $97,001

Investment Income $0

Other Revenue $975

TOTAL REVENUE $346,049

Expense Breakdown

Grants Paid $45,000

Salaries & Benefits $78,241

Fundraising Expenses $8,213

Program Expenses $493,736

Other Expenses $416,394

TOTAL EXPENSES $539,635

Year-over-Year Comparison

	2023	2022	Change
Revenue	$346,049	$397,122	-0.1%
Expenses	$539,635	$218,258	+1.5%
Net Income	$-193,586	$178,864	-2.1%

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

$29,615

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY QUILLIAN HELMS	PRESIDENT	5.00	Director	$0	$0	$0
SEAN PICHON	VICE PRESIDENT	5.00	Director	$0	$0	$0
BARRY MARGESON	SECRETARY	5.00	Director	$0	$0	$0
MIKE BERMAN	TREASURER	5.00	Director	$0	$0	$0
SHAUN MARBLE	BOARD MEMBER	3.00	Director	$0	$0	$0
KATHLEEN DONAHUE	BOARD MEMBER	3.00	Director	$0	$0	$0
JASON SECREST	BOARD MEMBER	3.00	Director	$0	$0	$0
ALEJANDRO GOLDING	BOARD MEMBER	3.00	Director	$0	$0	$0
TRACY PHILLIPS	BOARD MEMBER	3.00	Director	$0	$0	$0
SANJU MISRA	BOARD MEMBER	3.00	Director	$0	$0	$0
PATTY BROSMER	EX OFFICIO	3.00	Director	$0	$0	$0
JUDITH THOMAS	EXECUTIVE DIRECTOR	40.00	Key Emp	$29,615	$0	$29,615
ANNE BLACKWELL	FORMER EXECUTIVE DIRECTOR	40.00		$32,308	$0	$32,308

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
2024	$346,049	$539,635	$26,084	$-193,586
2023	$397,122	$218,258	$212,209	$178,864
2022	$189,154	$175,098	$25,167	$14,056
2021	$222,521	$199,274	$12,769	$23,247
2021	$208,783	$209,155	$10,769	$-372
2019	$475,584	$427,062	$76,638	$48,522
2018	$254,633	$260,390	$26,534	$-5,757

MERCHANT ROW ASSOCIATION CORPORATION