MEIGS YOUTH CENTER INC

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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

TODD FARRELL

Phone

4232086134

Tax Period

2023-01-01 to 2023-12-31

MEIGS YOUTH CENTER INC, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $52K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $97K exceeded revenue, resulting in a 86% operating deficit.

Mission

PROVIDE FRAMEWORK FOR BOYS & GIRLS CLUB UNIT IN MEIGS COUNTY.

Program Service Accomplishments

Program 1

Expenses: $97,088

TO PROVIDE THE FRAMEWORK FOR THE OPERATION OF A BOYS & GIRLS CLUB UNIT IN MEIGS COUNTY, TENNSSSEE AND PROVIDE OPPORTUNITIES FOR OTHER COMMUNITY PROGRAMS AND ACTIVITIES THAT INSPIRE AND ENABLE ALL...

TO PROVIDE THE FRAMEWORK FOR THE OPERATION OF A BOYS & GIRLS CLUB UNIT IN MEIGS COUNTY, TENNSSSEE AND PROVIDE OPPORTUNITIES FOR OTHER COMMUNITY PROGRAMS AND ACTIVITIES THAT INSPIRE AND ENABLE ALL PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, RESPONSIBLE AND CARING CITIZENS.

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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 $40,915

Program Service Revenue $0

Investment Income $1

Other Revenue $11,391

TOTAL REVENUE $52,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $97,088

Other Expenses $97,088

TOTAL EXPENSES $97,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,307	$56,510	-0.1%
Expenses	$97,088	$38,318	+1.5%
Net Income	$-44,781	$18,192	-3.5%

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

200

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
CHRISTY COLLOMS	SECRETARY	1.00	Officer Director	$0	$0	$0
DARYL COLLOMS	TREASURER	1.00	Officer Director	$0	$0	$0
SONYA FARRELL	DIRECTOR	1.00	Director	$0	$0	$0
TODD FARRELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN FERGUSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOE FUSSCO	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY HARRIS	UNIT DIRECTO	1.00	Director	$0	$0	$0
GEORGE THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY WIGGINS	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
2024	No data	No data	No data	No data
2023	$52,307	$97,088	$721,780	$-44,781
2022	$56,510	$38,318	$777,638	$18,192
2021	$64,612	$42,239	$770,136	$22,373
2020	$29,089	$40,316	$798,122	$-11,227
2019	$60,911	$61,812	$823,471	$-901
2018	$134,109	$22,955	$838,129	$111,154