Myrtle Indemnity Inc (EIN 923621853) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2023

Legal Domicile

Phone

8602297700

Tax Period

2024-07-01 to 2025-06-30

Myrtle Indemnity Inc, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $965K in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

To support the charitable purposes of the parent company and exempt affiliates.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $944,704

Investment Income $20,076

Other Revenue $0

TOTAL REVENUE $964,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,148,828

Other Expenses $1,177,270

TOTAL EXPENSES $1,177,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$964,780	$900,246	+0.1%
Expenses	$1,177,270	$889,680	+0.3%
Net Income	$-212,490	$10,566	-21.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$1,442,571

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Schuch	Chairperson	0.5	Officer Director	$0	$0	$0
Doug Malick	Board Member	0.5	Director	$0	$0	$0
Paul D'Addabbo	Board Member	0.5	Director	$0	$0	$0
Stephen Nims	Board Member	0.5	Director	$0	$0	$0
Marta Jones	Treasurer	1.0	Officer	$0	$52,565	$343,547
Rebecca Sarvela	Vice President	1.0	Officer	$0	$23,195	$288,424
Wendy Schrlau	Secretary	1.0	Officer	$0	$46,388	$123,462
William Green	President	1.0	Officer	$0	$58,041	$687,138

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	$964,780	$1,177,270	$1,259,302	$-212,490
2024	$900,246	$889,680	$1,249,000	$10,566
2023	$388,228	$375,669	$1,210,376	$12,559

Myrtle Indemnity Inc