Meritus Healthcare Foundation Inc
Meritus Healthcare Foundation sees significant revenue growth and asset increase with no reported officer compensation.
EIN: 10639265 · Hagerstown, MD · NTEE: E80 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $3.8M |
| Program Spending | 90% |
| Net Assets | $11.6M |
| Transparency Score | 90/100 |
Is Meritus Healthcare Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Meritus Healthcare Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meritus Healthcare Foundation Inc
Meritus Healthcare Foundation Inc (EIN: 10639265) is a nonprofit organization based in Hagerstown, MD, classified under NTEE code E80. The organization reported total revenue of $3.9M and total assets of $12.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meritus Healthcare Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meritus Healthcare Foundation Inc is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.0M |
| Total Expenses | $3.8M |
| Surplus / Deficit | +$6.2M |
| Total Assets | $11.7M |
| Total Liabilities | $7K |
| Net Assets | $11.6M |
| Operating Margin | 61.6% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 36.4 months |
Financial Health Grade: A
In 2023, Meritus Healthcare Foundation Inc reported a surplus of $6.2M with revenue exceeding expenses, holds 36.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Meritus Healthcare Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +400.3% | +47.1% | +125.4% |
| 2022 | +82.2% | +111.9% | -40.7% |
| 2021 | +10.7% | -13.4% | +22.0% |
| 2020 | +28.4% | +41.5% | -13.1% |
| 2019 | -7.3% | -24.2% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Meritus Healthcare Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Meritus Healthcare Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly favorable, suggesting that leadership may be volunteer-based or compensated by an affiliated entity, allowing more funds to be directed to the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Meritus Healthcare Foundation Inc's IRS 990 filings:
- Significant increase in liabilities in 202306 without clear explanation in summary data.
Strengths
The following positive indicators were identified for Meritus Healthcare Foundation Inc:
- Consistent 0% officer compensation, indicating strong financial stewardship.
- Substantial revenue growth in the most recent filing (202306: $10,015,612).
- Healthy asset growth, particularly in the latest period ($11,654,779 in 202306).
- Revenue significantly exceeded expenses in the latest period, indicating financial health ($10,015,612 revenue vs. $3,843,651 expenses in 202306).
Frequently Asked Questions about Meritus Healthcare Foundation Inc
Is Meritus Healthcare Foundation Inc a legitimate charity?
Meritus Healthcare Foundation Inc (EIN: 10639265) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Meritus Healthcare Foundation Inc spend its money?
Meritus Healthcare Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Meritus Healthcare Foundation Inc tax-deductible?
Meritus Healthcare Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10639265). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Meritus Healthcare Foundation Inc's spending goes to programs?
Meritus Healthcare Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Meritus Healthcare Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Meritus Healthcare Foundation Inc is above average for NTEE category E80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Meritus Healthcare Foundation Inc located?
Meritus Healthcare Foundation Inc is headquartered in Hagerstown, Maryland and files with the IRS under EIN 10639265. It is classified under NTEE code E80.
How many years of IRS 990 filings does Meritus Healthcare Foundation Inc have?
Meritus Healthcare Foundation Inc has 13 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 $3.9M in total revenue.
What caused the significant increase in revenue and assets in the 202306 period?
The provided data shows a jump from $2,002,105 in revenue in 202206 to $10,015,612 in 202306, and assets from $5,171,160 to $11,654,779. This could be due to a major donation, a successful capital campaign, or significant investment gains, which would require reviewing the full 990 filing for details.
What is the nature of the liabilities, especially the increase in 202306?
Liabilities increased from $42,749 in 202206 to $6,736,000 in 202306. Understanding if these are program-related payables, deferred revenue, or debt obligations is crucial for a complete financial picture.
How does the organization allocate its expenses between program services, administration, and fundraising?
While the data shows total expenses, a detailed breakdown of how these expenses are distributed among program services, administrative costs, and fundraising efforts is not provided, making it difficult to precisely assess spending efficiency without the full 990.
Filing History
IRS 990 filing history for Meritus Healthcare Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Meritus Healthcare Foundation Inc's revenue has grown by 173.2%, moving from $3.7M to $10.0M. Total assets decreased by 16.3% over the same period, from $13.9M to $11.7M. Total functional expenses rose by 100.6%, from $1.9M to $3.8M. In its most recent filing year (2023), Meritus Healthcare Foundation Inc reported a surplus of $6.2M, with revenue exceeding expenses. The organization holds $7K in liabilities against $11.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $11.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.0M | $3.8M | $11.7M | $7K | — | — |
| 2022 | $2.0M | $2.6M | $5.2M | $43K | — | View 990 |
| 2021 | $1.1M | $1.2M | $8.7M | $401K | — | — |
| 2020 | $992K | $1.4M | $7.1M | $77K | — | View 990 |
| 2019 | $773K | $1.0M | $8.2M | $565K | — | View 990 |
| 2018 | $833K | $1.3M | $8.0M | $324K | — | View 990 |
| 2017 | $2.7M | $4.1M | $8.5M | $537K | — | View 990 |
| 2016 | $1.4M | $1.3M | $10.0M | $224K | — | View 990 |
| 2015 | $1.6M | $2.5M | $10.0M | $129K | — | View 990 |
| 2014 | $1.3M | $2.0M | $11.5M | $182K | — | View 990 |
| 2013 | $1.7M | $2.8M | $11.8M | $705K | — | View 990 |
| 2012 | $2.0M | $3.3M | $12.6M | $290K | — | View 990 |
| 2011 | $3.7M | $1.9M | $13.9M | $64K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.0M, expenses of $3.8M, and assets of $11.7M (revenue +400.3% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.6M, and assets of $5.2M (revenue +82.2% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.2M, and assets of $8.7M (revenue +10.7% year-over-year).
- 2020: Revenue of $992K, expenses of $1.4M, and assets of $7.1M (revenue +28.4% year-over-year).
- 2019: Revenue of $773K, expenses of $1.0M, and assets of $8.2M (revenue -7.3% year-over-year).
- 2018: Revenue of $833K, expenses of $1.3M, and assets of $8.0M (revenue -69.5% year-over-year).
- 2017: Revenue of $2.7M, expenses of $4.1M, and assets of $8.5M (revenue +92.3% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $10.0M (revenue -12.1% year-over-year).
- 2015: Revenue of $1.6M, expenses of $2.5M, and assets of $10.0M (revenue +24.5% year-over-year).
- 2014: Revenue of $1.3M, expenses of $2.0M, and assets of $11.5M (revenue -23.5% year-over-year).
- 2013: Revenue of $1.7M, expenses of $2.8M, and assets of $11.8M (revenue -16.1% year-over-year).
- 2012: Revenue of $2.0M, expenses of $3.3M, and assets of $12.6M (revenue -44.9% year-over-year).
- 2011: Revenue of $3.7M, expenses of $1.9M, and assets of $13.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meritus Healthcare Foundation Inc:
Data Sources and Methodology
This transparency report for Meritus Healthcare Foundation Inc 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.