Meriden Economic Development Corp

Nonprofit profile at a glance

EIN
061007618
IRS 990-EZ coverage
2017–2025
Forms available
Form 990 2019, Form 990-EZ 2025
Location
Meriden, CT, USA
Phone
2032357901
Rating
41
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$14,744
Expenses
$8,111
Assets
$363,091

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • DAN QUESNEL (President/Dir)

People named in this filing

  • DAN QUESNEL (President/Dir)
  • IMRAN SAEED (Treasurer/Dir)
  • AMISHA TAILOR (Vice Pres/Dir)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Promote economic health meriden.

What it reported doing in 2025

Promote economic health meriden area, business development, property development to attract business.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 9
  • Transparency & Controls: 82
  • Sustainability: 77
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 7.3%; rating input score 7
  • Program expense ratio: 13.3%; rating input score 13

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 45%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 44.77; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -20.8% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: -24.1% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -4.1% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 7.3% of revenue deployed · 13.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $1K in reported program spending
  • Leadership: top reported pay $0 · 20 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2017 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 7/100.
  • High — Financial Efficiency: Program expense ratio scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.