Merrimack Academy For Theperforming Arts Inc
Merrimack Academy For The Performing Arts Inc. frequently operates at a deficit with low assets and no reported officer compensation.
EIN: 205413583 · Huntsville, AL · NTEE: A60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $694K |
| Total Expenses | $720K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $-56,533 |
| Transparency Score | 65/100 |
Is Merrimack Academy For Theperforming Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Merrimack Academy For Theperforming Arts Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Merrimack Academy For Theperforming Arts Inc
Merrimack Academy For Theperforming Arts Inc (EIN: 205413583) is a nonprofit organization based in Huntsville, AL, classified under NTEE code A60. The organization reported total revenue of $694K and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merrimack Academy For Theperforming Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Merrimack Academy For Theperforming Arts Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $659K |
| Total Expenses | $720K |
| Surplus / Deficit | $-60,686 |
| Total Assets | $21K |
| Total Liabilities | $78K |
| Net Assets | $-56,533 |
| Operating Margin | -9.2% |
| Debt-to-Asset Ratio | 367.8% |
| Months of Reserves | 0.4 months |
Financial Health Grade: D
In 2023, Merrimack Academy For Theperforming Arts Inc reported a deficit of $61K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited), has a debt-to-asset ratio of 367.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Merrimack Academy For Theperforming Arts Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.1% | +16.6% | -69.5% |
| 2022 | -38.6% | +6.0% | -48.5% |
| 2021 | +71.8% | +4.5% | +227.2% |
| 2020 | -29.3% | -35.6% | -26.3% |
| 2019 | +8.2% | +5.4% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2006 |
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 Merrimack Academy For Theperforming Arts Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Merrimack Academy For Theperforming Arts Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 367.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led or very low-paid executive structure, which is commendable for a nonprofit of its size with revenues often exceeding $600,000 annually.
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 Merrimack Academy For Theperforming Arts Inc's IRS 990 filings:
- Frequent operating deficits (expenses exceeding revenue in most years)
- Low asset levels relative to liabilities, indicating potential financial instability
- Declining asset trend in recent years (e.g., $134,649 in 202112 to $21,112 in 202312)
Strengths
The following positive indicators were identified for Merrimack Academy For Theperforming Arts Inc:
- Consistent 0% officer compensation reported across all filings, indicating efficient use of funds at the executive level
- Long operating history with 13 filings, suggesting resilience and community presence
- Significant revenue generation, often exceeding $600,000 annually, demonstrating fundraising capacity
Frequently Asked Questions about Merrimack Academy For Theperforming Arts Inc
Is Merrimack Academy For Theperforming Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Merrimack Academy For Theperforming Arts Inc (EIN: 205413583) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Merrimack Academy For Theperforming Arts Inc spend its money?
Merrimack Academy For Theperforming Arts Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Merrimack Academy For Theperforming Arts Inc tax-deductible?
Merrimack Academy For Theperforming Arts Inc is registered as a tax-exempt nonprofit (EIN: 205413583). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Merrimack Academy For Theperforming Arts Inc CEO make?
Merrimack Academy For Theperforming Arts Inc's highest-compensated officer earns $600,000 annually. The organization reported $694K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Merrimack Academy For Theperforming Arts Inc's spending goes to programs?
Merrimack Academy For Theperforming Arts Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Merrimack Academy For Theperforming Arts Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Merrimack Academy For Theperforming Arts Inc is above average for NTEE category A60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Merrimack Academy For Theperforming Arts Inc located?
Merrimack Academy For Theperforming Arts Inc is headquartered in Huntsville, Alabama and files with the IRS under EIN 205413583. It is classified under NTEE code A60.
How many years of IRS 990 filings does Merrimack Academy For Theperforming Arts Inc have?
Merrimack Academy For Theperforming Arts 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 $694K in total revenue.
Is Merrimack Academy For Theperforming Arts Inc a good charity?
Merrimack Academy For Theperforming Arts Inc. shows dedication to its mission with 0% officer compensation. However, its frequent operating deficits and low asset-to-liability ratio raise concerns about long-term financial sustainability. Donors should consider these financial trends.
What are the primary reasons for the organization's frequent operating deficits?
The provided data indicates that expenses have consistently exceeded revenue in most years, such as in 202312 ($719,869 expenses vs. $659,183 revenue) and 202212 ($617,366 expenses vs. $598,831 revenue). Without a detailed breakdown of expenses, it's difficult to pinpoint the exact causes, but it suggests a need for better cost management or increased fundraising efforts.
How does the organization's asset level compare to its liabilities?
The organization frequently has liabilities significantly exceeding its assets. For example, in 202312, assets were $21,112 while liabilities were $77,645. This indicates a negative net asset position, which is a financial concern.
Filing History
IRS 990 filing history for Merrimack Academy For Theperforming Arts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Merrimack Academy For Theperforming Arts Inc's revenue has declined by 49.3%, moving from $1.3M to $659K. Total assets decreased by 83.9% over the same period, from $131K to $21K. Total functional expenses fell by 44.3%, from $1.3M to $720K. In its most recent filing year (2023), Merrimack Academy For Theperforming Arts Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $78K in liabilities against $21K in assets (debt-to-asset ratio: 367.8%), resulting in net assets of $-56,533.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $659K | $720K | $21K | $78K | — | — |
| 2022 | $599K | $617K | $69K | $65K | — | View 990 |
| 2021 | $975K | $582K | $135K | $112K | — | View 990 |
| 2020 | $568K | $557K | $41K | $411K | — | View 990 |
| 2019 | $803K | $865K | $56K | $436K | — | View 990 |
| 2018 | $742K | $821K | $54K | $373K | — | View 990 |
| 2017 | $848K | $869K | $56K | $295K | — | View 990 |
| 2016 | $712K | $829K | $62K | $281K | — | View 990 |
| 2015 | $755K | $774K | $75K | $177K | — | View 990 |
| 2014 | $696K | $825K | $112K | $195K | — | View 990 |
| 2013 | $958K | $935K | $204K | $158K | — | View 990 |
| 2012 | $1.3M | $1.2M | $141K | $118K | — | View 990 |
| 2011 | $1.3M | $1.3M | $131K | $208K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $659K, expenses of $720K, and assets of $21K (revenue +10.1% year-over-year).
- 2022: Revenue of $599K, expenses of $617K, and assets of $69K (revenue -38.6% year-over-year).
- 2021: Revenue of $975K, expenses of $582K, and assets of $135K (revenue +71.8% year-over-year).
- 2020: Revenue of $568K, expenses of $557K, and assets of $41K (revenue -29.3% year-over-year).
- 2019: Revenue of $803K, expenses of $865K, and assets of $56K (revenue +8.2% year-over-year).
- 2018: Revenue of $742K, expenses of $821K, and assets of $54K (revenue -12.5% year-over-year).
- 2017: Revenue of $848K, expenses of $869K, and assets of $56K (revenue +19.1% year-over-year).
- 2016: Revenue of $712K, expenses of $829K, and assets of $62K (revenue -5.7% year-over-year).
- 2015: Revenue of $755K, expenses of $774K, and assets of $75K (revenue +8.5% year-over-year).
- 2014: Revenue of $696K, expenses of $825K, and assets of $112K (revenue -27.3% year-over-year).
- 2013: Revenue of $958K, expenses of $935K, and assets of $204K (revenue -29.0% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $141K (revenue +3.6% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $131K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Merrimack Academy For Theperforming Arts Inc:
Data Sources and Methodology
This transparency report for Merrimack Academy For Theperforming Arts 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.