CHF MERRIMACK 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

2024

Legal Domicile

Principal Officer

BRIAN M BLAKENEY

Phone

2519289340

Tax Period

2024-07-01 to 2025-06-30

CHF MERRIMACK INC, founded in 2024, is a micro nonprofit in the Housing & Shelter sector that reported $50K in total revenue in fiscal year 2024. The organization ran a surplus of $35K, a strong 70% operating margin.

Mission

THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO BENEFIT, PERFORM THE FUNCTIONS OF, AND CARRY OUT THE PURPOSES OF, COLLEGIATE HOUSING FOUNDATION (THE 'FOUNDATION'), WHICH WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, AND MORE SPECIFICALLY FOR THE PURPOSE OF ASSISTING COLLEGES AND UNIVERSITIES IN PROVIDING HOUSING FOR THEIR ENROLLED STUDENTS AND OTHERWISE ASSISTING THEM IN FURTHERANCE OF THEIR EDUCATIONAL MISSIONS.

Program Service Accomplishments

Program 1

Expenses: $15,150 Revenue: $50,000

ALL OF THE ACTIVITIES OF THE ORGANIZATION ARE PERFORMED AND CARRIED OUT IN ACCORDANCE WITH THE PURPOSES, GOALS, AND OBJECTIVES OF THE FOUNDATION. THE ORGANIZATION'S SOLE ACTIVITY IS TO ASSIST...

ALL OF THE ACTIVITIES OF THE ORGANIZATION ARE PERFORMED AND CARRIED OUT IN ACCORDANCE WITH THE PURPOSES, GOALS, AND OBJECTIVES OF THE FOUNDATION. THE ORGANIZATION'S SOLE ACTIVITY IS TO ASSIST MERRIMACK COLLEGE (THE 'COLLEGE') WITH THE FINANCING, CONSTRUCTION AND OPERATION OF AN APPROXIMATE 540-BED STUDENT HOUSING FACILITY AND ASSOCIATED ACADEMIC SPACE AND OTHER ANCILLARY FACILITIES (THE 'PROJECT'). THE COLLEGE IS AN INSTITUTION OF HIGHER EDUCATION EXEMPT UNDER SECTION 501(C)(3) OF THE CODE AND LOCATED IN NORTH ANDOVER, MA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,000

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $50,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,150

Other Expenses $15,150

TOTAL EXPENSES $15,150

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,001	N/A	N/A
Expenses	$15,150	N/A	N/A
Net Income	$34,851	$0	N/A

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

$1,266,277

Total Directors

$736,623

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM GIVHAN	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$73,641	$736,623
BRIAN BLAKENEY	TREASURER/CLERK	1.00	Officer	$0	$66,562	$529,654

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	$50,001	$15,150	$93,734,416	$34,851