MERRITT EVENT CENTER (EIN 921545611) - 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

2022

Legal Domicile

Principal Officer

HOLLY JANHSEN

Phone

5093288844

Tax Period

2023-01-01 to 2023-12-31

MERRITT EVENT CENTER, founded in 2022, is a small nonprofit in the Recreation & Sports sector that reported $118K in total revenue in fiscal year 2023. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $106K left a modest 10% surplus.

Mission

Priest River Event Center was originally built by Wilbur and Carolee Merritt to be an affordable event and meeting resource for the Priest River Community and surrounding area. The Event Center has been host to weddings, funerals, city leadership, chamber meetings; along with various community events such as corporate parties, and area school dances. The Merritt and Janhsen Families wish to continue the general operation of the event center as a Non Profit with the same outreach and resource for the community as it has in the past. Becoming a non-profit will allow for other members of the community to donate to the event center; further insuring it remains a valuable and affordable resource for the community.

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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 $50,000

Program Service Revenue $67,745

Investment Income $0

Other Revenue $0

TOTAL REVENUE $117,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,743

Other Expenses $105,505

TOTAL EXPENSES $105,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,745	$3,938,000	-1.0%
Expenses	$105,505	N/A	N/A
Net Income	$12,240	$3,938,000	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
WILBUR MERRITT	President	Director	$0	$0	$0
HOLLY JANHSEN	Vice President	Director	$0	$0	$0
JILL LINTON	Treasurer	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	$117,745	$105,505	$3,950,240	$12,240
2022	$3,938,000	No data	$3,938,000	No data

MERRITT EVENT CENTER