New Meridian Corporation (EIN 813949146) - 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

2016

Legal Domicile

Principal Officer

Arthur A VanderVeen

Phone

5123993452

Tax Period

2024-07-01 to 2025-06-30

New Meridian Corporation, founded in 2016, is a mid-sized nonprofit in the Education sector that reported $16.9M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

New Meridian's mission is to advance the quality of public education for all students by designing assessments that focus on the skills that matter: critical thinking, deep understanding, and the ability to communicate ideas effectively.

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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 (2024)

Revenue Breakdown

Contributions & Grants $629,775

Program Service Revenue $16,103,024

Investment Income $143,253

Other Revenue $0

TOTAL REVENUE $16,876,052

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,329,489

Fundraising Expenses $0

Program Expenses $14,865,825

Other Expenses $6,465,227

TOTAL EXPENSES $17,794,716

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,876,052	$13,818,119	+0.2%
Expenses	$17,794,716	$25,160,454	-0.3%
Net Income	$-918,664	$-11,342,335	-0.9%

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

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

$413,549

Total Directors

$413,549

Key Employees

$802,233

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arthur VanderVeen	President & CEO	50.00	Officer Director	$375,934	$37,615	$413,549
Tom Higgins	Director	0.50	Director	$0	$0	$0
Jesse Markow	Director	0.50	Director	$0	$0	$0
Eileen Shihadeh	Director	0.50	Director	$0	$0	$0
Randall M Schuessler	Chief Technology Officer	50.00	Key Emp	$273,628	$28,764	$302,392
Kristopher John	VP Product Strategy	50.00	Key Emp	$233,117	$28,515	$261,632
William Bunting	VP Assessment and Client Services	50.00	Key Emp	$230,855	$7,354	$238,209
Nirav Patel	Senior Controller	50.00	Highest	$215,834	$28,800	$244,634
Jeffrey Lynn Neufeld	Director of Finance	50.00	Highest	$189,074	$30,005	$219,079
Ourania Rotou	Director of Psychometric Research Services	50.00	Highest	$211,657	$3,337	$214,994
James DeGrassi	Director of Full-Service Assessment Delivery	50.00	Highest	$186,042	$29,944	$215,986
Kirk L Larson	Technical Solutions Architect	50.00	Highest	$176,250	$29,506	$205,756

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	$16,876,052	$17,794,716	$5,361,600	$-918,664
2024	$13,818,119	$25,160,454	$5,768,097	$-11,342,335
2023	$24,626,066	$28,215,955	$17,575,654	$-3,589,889
2022	$20,374,244	$18,980,820	$22,335,966	$1,393,424
2021	$18,812,009	$16,772,804	$20,767,714	$2,039,205
2020	$18,823,879	$14,704,542	$18,606,371	$4,119,337
2019	$21,169,200	$20,583,603	$25,968,442	$585,597

New Meridian Corporation