Memorial Elder Health Services (EIN 813653215) - 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

2017

Legal Domicile

Principal Officer

Tricia Costigan

Phone

6033560613

Tax Period

2023-10-01 to 2024-09-30

Memorial Elder Health Services, founded in 2017, is a community nonprofit in the Human Services sector that reported $4.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.9M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO SERVE THE PHYSICAL, (CONTINUED ON SCHEDULE O)EMOTIONAL, RECREATIONAL, SOCIAL AND THERAPEUTIC NEEDS OF SENIOR CITIZENS WITH DEGENERATIVE ILLNESSES ASSOCIATED WITH AGING FOR THE COMMUNITY MEMBERS OF OUR SERVICE AREA.SIGNIFICANT ACTIVITY INCLUDES A 45 BED INTERMEDIATE CARE FACILITY (MERRIMAN HOUSE) LOCATED IN THE CONWAY, NEW HAMPSHIRE 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 $0

Program Service Revenue $4,808,346

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,808,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,808,019

Fundraising Expenses $0

Program Expenses $5,552,775

Other Expenses $2,070,201

TOTAL EXPENSES $5,878,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,808,346	$4,377,617	+0.1%
Expenses	$5,878,220	$5,201,443	+0.1%
Net Income	$-1,069,874	$-823,826	+0.3%

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

N/A

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

$547,049

Total Directors

$3,062,346

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Mueller MD	CEO and President, MH/Trustee	1.00	Director	$0	$55,268	$2,277,317
David Hoeft	Physician/Trustee	1.00	Director	$0	$49,539	$311,972
Mary Vigeant	Nurse Practitioner/Trustee	1.00	Director	$0	$30,454	$251,406
Steve Boyle	Trustee	1.00	Director	$0	$0	$0
Greg Frizzell	Former Trustee	1.00	Director	$0	$0	$0
Tim Scott	Trustee	1.00	Director	$0	$0	$0
Alec Tarberry	Former Trustee	1.00	Director	$0	$0	$0
Christine Thompson	Trustee	1.00	Director	$0	$0	$0
Rachael Brown	Trustee	1.00	Director	$0	$0	$0
Jill Berry Bowen	Frmr Interim President/Frmr Trustee	1.00	Officer Director	$0	$4,006	$221,651
Bradley Chapman	President/Trustee	1.00	Officer Director	$0	$0	$0
Michelle O'Donnell	Board Chair	1.00	Officer Director	$0	$0	$0
Chris Perley	Board Vice Chair	1.00	Officer Director	$0	$0	$0
Linda Terry	Board Treasurer	1.00	Officer Director	$0	$0	$0
Corinne Ray	Board Secretary	1.00	Officer Director	$0	$0	$0
Diana McLaughlin	Chief Financial Officer	1.00	Officer	$0	$58,344	$325,398
Art Mathisen	Frmr President/Frmr Trustee	0.00		$0	$15,681	$299,120

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	$4,808,346	$5,878,220	$1,405,813	$-1,069,874
2023	$4,377,617	$5,201,443	$1,231,777	$-823,826
2022	$4,902,307	$5,490,368	$1,532,344	$-588,061
2021	$4,311,766	$4,393,342	$2,240,416	$-81,576
2020	$4,375,880	$4,739,454	$2,140,199	$-363,574
2019	$2,789,393	$3,121,079	$2,023,484	$-331,686

Memorial Elder Health Services