MERRIMANS CULINARY SCHOLARSHIP (EIN 990341857) - 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

1999

Legal Domicile

Principal Officer

Peter Merriman

Phone

8088856822

Tax Period

2023-01-01 to 2023-12-31

MERRIMANS CULINARY SCHOLARSHIP, founded in 1999, is a small nonprofit in the Education sector that reported $592K in total revenue in fiscal year 2023. Revenue surged 23562% from the prior year, signaling strong growth momentum.

Mission

Merriman's Culinary Scholarship provides scholarships to students entering or continuing in the field of Culinary Arts in Hawaii. However, immediately after the Lahaina wildfires of August 8, 2023, the organization was temporarily repurposed to provide meals to those impacted by the fires in partnership with Merriman's Kapalua and Monkeypod Kitchen.

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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 $591,555

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $591,555

Expense Breakdown

Grants Paid $38,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $582,690

Other Expenses $551,671

TOTAL EXPENSES $589,671

Year-over-Year Comparison

	2023	2022	Change
Revenue	$591,555	$2,500	+235.6%
Expenses	$589,671	$6,963	+83.7%
Net Income	$1,884	$-4,463	-1.4%

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

100

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
Peter Merriman	President	1	Officer Director	$0	$0	$0
Sara Hill	Director	1	Director	$0	$0	$0
Cristina Schenk	Treasurer & Secretary	1	Officer	$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
2023	$591,555	$589,671	$5,059	$1,884

MERRIMANS CULINARY SCHOLARSHIP