BEducationEIN: 042103731

Merrimack College

North Andover, Massachusetts

B+Health Score
69B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 492 peers in Education with $100M-$1B revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.68×
Peer Median1.96×
💰
$291.2M
Total Revenue
📊
$278.5M
Total Expenses
🏦
$188.1M
Net Assets
📋
$192.0M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+5.3%
Year-over-year change (2022 → 2023)
Net Margin
+4.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.68
Net assets divided by total expenses
Liabilities-to-Assets
50.5%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$291,242,1915%$278,514,2386%$380,055,24613%
2022$276,620,5417%$262,422,0389%$336,077,0233%
2021$259,690,43111%$240,536,5078%$325,006,01417%
2020$233,932,7858%$222,531,3338%$276,990,3804%
2019$216,093,05212%$206,334,21812%$267,280,0222%
2018$193,635,6336%$184,520,0618%$261,030,1254%
2017$182,254,9376%$171,190,10712%$251,432,44126%
2016$171,201,73617%$152,829,70512%$199,865,8362%
2015$146,940,79216%$136,293,47213%$203,844,09321%
2014$127,124,75520%$121,115,88815%$168,103,9638%
2013$106,269,4689%$105,215,6748%$155,591,28028%
2012$97,635,90116%$97,875,01015%$121,723,3691%
2011$84,191,406$84,953,859$123,129,389

Frequently Asked Questions

What does Merrimack College do?

Merrimack College is a education nonprofit organization based in Massachusetts. It is classified under NTEE code B420 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Merrimack College financially healthy?

Based on our 9-metric Financial Health Score model, Merrimack College has a score of 69/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Merrimack College generate?

Merrimack College reports $323.1M in annual revenue and holds $402.4M in total assets, based on IRS filings.

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