Civic Intelligence

Meritan Inc.

990 • Fiscal year 2023 • EIN 62-0674655

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 01, 2023

345 Adams AvenueMemphis, TN 38103

(901) 766-0600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.51x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

65th percentile

0.45x

Higher debt load relative to revenue than 65% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

75th percentile

19%

Higher net margin than 75% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

33rd percentile

$136,298

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

76th percentile

19%

Faster asset growth than 76% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

64th percentile

13%

Faster revenue growth than 64% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$5,573,292

Up $885,204 (+19%) from 2022

Net Assets

Up

-$2,831,800

Up $3,515,822 (+55%) from 2022

Liabilities

Down

$8,405,092

Down $2,630,618 (-24%) from 2022

Revenue

Up

$18,510,739

Up $2,154,708 (+13%) from 2022

Expenses

Up

$15,002,716

Up $2,215,842 (+17%) from 2022

Net Income

Down

$3,508,023

Down $61,134 (-1.7%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$10M$0-$10M-$20MAssets 2011: $7,754,071Liabilities 2011: $8,681,720Net Assets 2011: -$927,6492011Assets 2012: $8,032,342Liabilities 2012: $11,094,091Net Assets 2012: -$3,061,7492012Assets 2013: $7,204,289Liabilities 2013: $8,377,171Net Assets 2013: -$1,172,8822013Assets 2014: $6,067,165Liabilities 2014: $3,049,255Net Assets 2014: $3,017,9102014Assets 2015: $6,201,222Liabilities 2015: $2,699,629Net Assets 2015: $3,501,5932015Assets 2016: $7,156,434Liabilities 2016: $6,843,592Net Assets 2016: $312,8422016Assets 2017: $6,830,807Liabilities 2017: $6,744,727Net Assets 2017: $86,0802017Assets 2018: $7,250,496Liabilities 2018: $8,051,052Net Assets 2018: -$800,5562018Assets 2019: $6,504,862Liabilities 2019: $8,337,244Net Assets 2019: -$1,832,3822019Assets 2020: $7,310,987Liabilities 2020: $10,036,624Net Assets 2020: -$2,725,6372020Assets 2021: $6,427,903Liabilities 2021: $17,248,794Net Assets 2021: -$10,820,8912021Assets 2022: $4,688,088Liabilities 2022: $11,035,710Net Assets 2022: -$6,347,6222022Assets 2023: $5,573,292Liabilities 2023: $8,405,092Net Assets 2023: -$2,831,8002023Assets 2024: $4,638,909Liabilities 2024: $5,077,693Net Assets 2024: -$438,7842024Assets 2025: $5,372,872Liabilities 2025: $3,874,253Net Assets 2025: $1,498,6192025

Highlighted filing

2023

Assets$5,573,292
Liabilities$8,405,092
Net Assets-$2,831,800

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2011: $14,709,002Expenses 2011: $15,692,100Net Income 2011: -$983,0982011Revenue 2012: $13,717,256Expenses 2012: $14,352,420Net Income 2012: -$635,1642012Expenses 2013: $14,559,3172013Revenue 2014: $15,942,986Expenses 2014: $14,468,771Net Income 2014: $1,474,2152014Revenue 2015: $16,011,806Expenses 2015: $14,904,716Net Income 2015: $1,107,0902015Revenue 2016: $16,515,918Expenses 2016: $16,411,822Net Income 2016: $104,0962016Revenue 2017: $16,152,740Expenses 2017: $16,384,730Net Income 2017: -$231,9902017Revenue 2018: $14,376,687Expenses 2018: $14,813,742Net Income 2018: -$437,0552018Revenue 2019: $13,374,289Expenses 2019: $13,450,999Net Income 2019: -$76,7102019Revenue 2020: $13,594,463Expenses 2020: $11,820,509Net Income 2020: $1,773,9542020Revenue 2021: $12,507,175Expenses 2021: $11,624,626Net Income 2021: $882,5492021Revenue 2022: $16,356,031Expenses 2022: $12,786,874Net Income 2022: $3,569,1572022Revenue 2023: $18,510,739Expenses 2023: $15,002,716Net Income 2023: $3,508,0232023Revenue 2024: $17,521,561Expenses 2024: $15,124,383Net Income 2024: $2,397,1782024Revenue 2025: $15,514,895Expenses 2025: $13,586,449Net Income 2025: $1,928,4462025

Highlighted filing

2023

Revenue$18,510,739
Expenses$15,002,716
Net Income$3,508,023
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$18,510,739
Mission and Program Overview

Mission

Manage and deliver quality of life and health services to vulnerable people.

Improve well-being and promote independence throughout life's stages with quality and compassion

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,297,873$1,505,412▲ $207,539
Intangible Assets-$1,250,735-
Cash and Non-Interest-Bearing Accounts$668,992$865,432▲ $196,440
Investments in Publicly Traded Securities$548,261$571,257▲ $22,996
Other Notes and Loans Receivable, Net$625,377$507,721▼ $117,656
Land, Buildings, and Equipment, Net$470,953$453,154▼ $17,799
Accounts Receivable$860,009$306,412▼ $553,597
Prepaid Expenses and Deferred Charges$216,623$113,169▼ $103,454
Total Assets$4,688,088$5,573,292▲ $885,204
Liabilities
Other Liabilities$9,759,441$7,648,864▼ $2,110,577
Accounts Payable and Accrued Expenses$501,269$489,424▼ $11,845
Mortgage Notes Payable Secured by Investment Property$775,000$266,804▼ $508,196
Total Liabilities$11,035,710$8,405,092▼ $2,630,618
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-6,347,622$-2,831,800▲ $3,515,822
Total Net Assets Fund Balance$-6,347,622$-2,831,800▲ $3,515,822
Total Liabilities and Net Assets / Fund Balance$4,688,088$5,573,292▲ $885,204

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$431,006$132,981$363,987
Equipment$22,148$300,977$323,125

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022-$87,065--$87,065
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark BouieVP of FosterFT$136,298$136,298

Board Members and Trustees

NameTitle
Scott WalkupChairman
Kim StricklandPast Chairma
Melanie KellerPresident, C
Stephen HoffmanVice-chairma
Bethany HuffmanDirector
Crystal HatcherDirector
Gerrie CurrieDirector
Jerome RobinsonDirector
Justin BaileyDirector
Sharon YoungerDirector
Jeff WeesnerCAO
Asia MeadorGeneral Coun
Bryant Joshua TurnerSecretary
Patti KeslerSenior VP Cf
Revenue and Support

Revenue Composition

Contributions and Grants
$2,628,673
Program Service Revenue
$12,722,118
Investment Income
$19,586
Other Revenue
$3,140,362
All Other Contributions
$886,170
Change in Net Assets
$3,508,023

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,510,739
Revenue Not Reported on Form 990
$7,802
Total Revenue per Audited Statements
$18,518,541
Total Revenue per Form 990
$18,510,739
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,592,512
Salaries, Compensation, and Employee Benefits$5,410,204
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,410,019--$5,410,019
Other Salaries and Wages$3,938,926--$3,938,926
Fees for Services Management$1,601,323$116,075-$1,717,398
Current Officers, Directors, Trustees, and Key Employees$710,116--$710,116
Other Employee Benefits$431,155--$431,155
Office Expenses$354,994$63,730-$418,724
Payroll Taxes$330,007--$330,007
Occupancy$287,748$20,435-$308,183
Insurance$173,738$62,682-$236,420
Travel$223,966--$223,966
Interest$109,386--$109,386
Fees for Services Accounting$60,000--$60,000
Fees for Services Legal$26,163--$26,163
Depreciation Depletion$22,546--$22,546
Other Expenses$9,487$738-$9,487
All Other Expenses$66--$66
Total Functional Expenses$14,739,056$263,660$0$15,002,716

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,002,719
Total Expenses per Audited Statements$15,002,719
Total Expenses per Form 990$15,002,716
Expenses Not Reported on Financial Statements$-3
Other Expense Adjustments$-3
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Pension Obligations$5,526,766
Operating Lease Liability$975,710
Payable to Related Party$871,363
Operating Lease Liability - Current$275,025
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

An independent cpa firm prepares the 990 based on the audit. The senior leadership reviews the 990 first. Then each board member receives a copy of the form 990 by email for review prior to the submission to the irs.

Form 990, Page 6, Part VI, Line 15A

YES

Form 990, Page 6, Part VI, Line 15B

YES

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Meritan Inc
EIN
62-0674655
Phone
9017660600
Address
345 ADAMS AVENUE, MEMPHIS, TN 38103

Signing Officer

Name
Melanie Keller
Title
President, CEO
Phone
9019791660
Signed
2023-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Melanie Keller
Formed
1961
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
317

Preparer

Firm
Alexander Thompson Arnold Pllc
Address
6525 N QUAIL HOLLOW SUITE 500, MEMPHIS, TN 38120
Preparer
J Schifani
Phone
9016841170
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

OTHER FEES 5,410,019 0 0

Form 990, Part X

Net assets without donor restrictions of (2,831,800) includes 87,065 of net assets which have been designated by the board for elder abuse services.

Form 990, Part XI, Line 9

ROUNDING -3

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

ROUNDING -3

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IRS990/OtherExpensesGrp/Desc3EQUIPMENT RENTAL
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IRS990/ProgramServiceRevenueGrp/Desc1OTHER FEE FOR SERVICE
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01738038
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IRS990/ReconcilationRevenueExpnssAmt03508023
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt038667108
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IRS990ScheduleA/PublicSupportCY170Pct00.99320
IRS990ScheduleA/PublicSupportPY170Pct00.99150
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0132981
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0200000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0363987
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IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt087065
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-3
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IRS990ScheduleD/NetUnrealizedGainsInvstAmt07802
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2871363
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED PENSION OBLIGATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYABLE TO RELATED PARTY
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IRS990ScheduleD/RevenueSubtotalAmt018510739
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt018518541
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.37$3.87$1.50$15.5$13.6$1.93
2024Detailed filing. Detailed filing data is available for this year.$4.64$5.08$0.44$17.5$15.1$2.40
2023Detailed filing. Detailed filing data is available for this year.$5.57$8.41$2.83$18.5$15.0$3.51
2022Detailed filing. Detailed filing data is available for this year.$4.69$11.0$6.35$16.4$12.8$3.57
2021Detailed filing. Detailed filing data is available for this year.$6.43$17.2$10.8$12.5$11.6$0.88
2020Detailed filing. Detailed filing data is available for this year.$7.31$10.0$2.73$13.6$11.8$1.77
2019Detailed filing. Detailed filing data is available for this year.$6.50$8.34$1.83$13.4$13.5$0.08
2018Summary only. Only limited summary data is available for this year.$7.25$8.05$0.80$14.4$14.8$0.44
2017Detailed filing. Detailed filing data is available for this year.$6.83$6.74$0.09$16.2$16.4$0.23
2016Detailed filing. Detailed filing data is available for this year.$7.16$6.84$0.31$16.5$16.4$0.10
2015Detailed filing. Detailed filing data is available for this year.$6.20$2.70$3.50$16.0$14.9$1.11
2014Detailed filing. Detailed filing data is available for this year.$6.07$3.05$3.02$15.9$14.5$1.47
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.20$8.38$1.17$14.6
2012Summary only. Only limited summary data is available for this year.$8.03$11.1$3.06$13.7$14.4$0.64
2011Summary only. Only limited summary data is available for this year.$7.75$8.68$0.93$14.7$15.7$0.98