Meridiana Community Association
EIN: 320482629 · Katy, TX · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $5.9M |
| Total Expenses | $4.3M |
| Net Assets | $-6,299,279 |
Is Meridiana Community Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Meridiana Community Association
Meridiana Community Association (EIN: 320482629) is a nonprofit organization based in Katy, TX, classified under NTEE code P20. The organization reported total revenue of $5.9M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meridiana Community Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meridiana Community Association is a mid-size nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2017–2022). Revenue has grown at a compound annual rate of 43.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $4.3M |
| Surplus / Deficit | $-940,420 |
| Total Assets | $910K |
| Total Liabilities | $7.2M |
| Net Assets | $-6,299,279 |
| Operating Margin | -28.4% |
| Debt-to-Asset Ratio | 792.2% |
| Months of Reserves | 2.6 months |
Financial Health Grade: D
In 2022, Meridiana Community Association reported a deficit of $940K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 792.2% (high leverage).
Financial Trends
Over 6 years of filings (2017–2022), Meridiana Community Association's revenue has grown at a compound annual growth rate (CAGR) of 43.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +33.1% | +11.6% | +88.8% |
| 2021 | +49.2% | +25.1% | +57.4% |
| 2020 | +53.4% | +5.3% | -5.6% |
| 2019 | +35.9% | +112.6% | +90.8% |
| 2018 | +46.5% | +38.3% | -43.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Meridiana Community Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Meridiana Community Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $940K, with expenses exceeding revenue.
- Debt-to-asset ratio: 792.2%.
Frequently Asked Questions about Meridiana Community Association
Is Meridiana Community Association a legitimate charity?
Meridiana Community Association (EIN: 320482629) is a registered tax-exempt nonprofit based in Texas. It has 6 years of IRS 990 filings on record. Total revenue: $5.9M. No red flags identified. Financial health grade: D.
How does Meridiana Community Association spend its money?
Meridiana Community Association reported $5.9M in total revenue in IRS 990 filings. 6 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Meridiana Community Association tax-deductible?
Meridiana Community Association is registered as a tax-exempt nonprofit (EIN: 320482629). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Meridiana Community Association located?
Meridiana Community Association is headquartered in Katy, Texas and files with the IRS under EIN 320482629. It is classified under NTEE code P20.
How many years of IRS 990 filings does Meridiana Community Association have?
Meridiana Community Association has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.9M in total revenue.
Filing History
IRS 990 filing history for Meridiana Community Association showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2017–2022), Meridiana Community Association's revenue has grown by 507.1%, moving from $545K to $3.3M. Total assets increased by 205.3% over the same period, from $298K to $910K. Total functional expenses rose by 332.1%, from $984K to $4.3M. In its most recent filing year (2022), Meridiana Community Association reported a deficit of $940K, with expenses exceeding revenue. The organization holds $7.2M in liabilities against $910K in assets (debt-to-asset ratio: 792.2%), resulting in net assets of $-6,299,279.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.3M | $4.3M | $910K | $7.2M | — | — |
| 2021 | $2.5M | $3.8M | $482K | $5.8M | — | — |
| 2020 | $1.7M | $3.0M | $306K | $4.4M | — | — |
| 2019 | $1.1M | $2.9M | $324K | $3.0M | — | View 990 |
| 2018 | $799K | $1.4M | $170K | $1.0M | — | View 990 |
| 2017 | $545K | $984K | $298K | $600K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.3M, expenses of $4.3M, and assets of $910K (revenue +33.1% year-over-year).
- 2021: Revenue of $2.5M, expenses of $3.8M, and assets of $482K (revenue +49.2% year-over-year).
- 2020: Revenue of $1.7M, expenses of $3.0M, and assets of $306K (revenue +53.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $2.9M, and assets of $324K (revenue +35.9% year-over-year).
- 2018: Revenue of $799K, expenses of $1.4M, and assets of $170K (revenue +46.5% year-over-year).
- 2017: Revenue of $545K, expenses of $984K, and assets of $298K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meridiana Community Association:
Data Sources and Methodology
This transparency report for Meridiana Community Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.