Meritus College Fund

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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

1996

Legal Domicile

Principal Officer

Kim Mazzuca

Phone

4154008650

Tax Period

2017-07-01 to 2018-06-30

Meritus College Fund, founded in 1996, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2017. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 36% operating deficit.

Mission

Meritus believes that higher education is a critical step in addressing income disparity for students of color, first generation students and those from low income backgrounds. Socio-economic circumstance should not limit them from fully engaging in this transformative opportunity. To this end, Meritus empowers San Francisco youth from low income backgrounds to succeed in college and prepare for opportunities post-graduation by providing scholarships, individualized coaching and career mentoring and development.

Program Service Accomplishments

Program 1

Expenses: $1,226,266

Overall outcomes:86% of Meritus Scholars earn college degrees versus just 23% of comparable low-income students nationally.Total number of students served: 260Total Scholars admitted in 2018: 59...

Overall outcomes:86% of Meritus Scholars earn college degrees versus just 23% of comparable low-income students nationally.Total number of students served: 260Total Scholars admitted in 2018: 59 studentsIncoming Scholars in 2018 graduated from 16 public and 2 parochial high schools in San Francisco, 2 public high schools in San Mateo County and 2 public high schools in San Jose.Meritus internship program placed 49 students in summer internships.83% of rising seniors and 71% of rising juniors have had an internship.

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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 (2017)

Revenue Breakdown

Contributions & Grants $1,380,342

Program Service Revenue $0

Investment Income $64,533

Other Revenue $0

TOTAL REVENUE $1,444,875

Expense Breakdown

Grants Paid $794,588

Salaries & Benefits $741,400

Fundraising Expenses $355,258

Program Expenses $1,226,266

Other Expenses $425,887

TOTAL EXPENSES $1,970,875

Year-over-Year Comparison

	2017	2016	Change
Revenue	$1,444,875	$1,949,736	-0.3%
Expenses	$1,970,875	$1,249,566	+0.6%
Net Income	$-526,000	$700,170	-1.8%

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

120

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

$156,887

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Sweeney	Director	2.50	Director	$0	$0	$0
Madeline Sinclair	Treasurer	2.50	Officer Director	$0	$0	$0
Luis Arellano	Director	2.50	Director	$0	$0	$0
Sheila Larsen	Secretary	2.50	Officer Director	$0	$0	$0
Laura Bermudez	Director	2.50	Director	$0	$0	$0
Kevin Lowry	Director	2.50	Director	$0	$0	$0
Mary Wolfe	Chairman	2.50	Officer Director	$0	$0	$0
Alison Bowe Diessner	Director	2.50	Director	$0	$0	$0
Wynn Burkett	Director	2.50	Director	$0	$0	$0
Abhay Parekh	Director	2.50	Director	$0	$0	$0
Janie Richardson	Director	2.50	Director	$0	$0	$0
Mona Zhao	Director	2.50	Director	$0	$0	$0
Vivek Vaidya	Director	2.50	Director	$0	$0	$0
Claudia Moeller	Directror	2.50	Director	$0	$0	$0
Kim Mazzuca	Pres/Director	2.50	Officer Director	$0	$0	$0
Diana Wolf	Executive Dir	40.00	Officer	$151,244	$5,643	$156,887

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
2018	$1,444,875	$1,970,875	$3,802,828	$-526,000