Meridian Health Services
Legal name: Meridian Health Services Corp
Nonprofit profile at a glance
- EIN
- 351302836
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Muncie, IN, United States
- Phone
- (765) 288-1928; (866) 306-2647
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Mental Health Treatment F31 Psychiatric, Mental Health Hospital
Reported finances
- Revenue
- $134,288,837
- Expenses
- $135,180,669
- Assets
- $134,042,235
- Liabilities
- $20,023,974
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- HANK A MILIUS (PAST PRESIDENT/CEO)
- SETH WARREN (PRESIDENT/CEO)
Highest reported compensation
- SETH WARREN (PRESIDENT/CEO): $758,114 total reported compensation
- SARFRAZ KHAN (CMO AND VP OF MEDICAL SERVICES): $564,130 total reported compensation
- HOVERSLAND JON (OB/GYN): $515,862 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
• Homelessness and independent living support • Programs for individuals with intellectual or developmental disorders and mental health needs • Case management, skill-building and supported employment. – Maternal Treatment Program – Men’s & women’s recovery homes • Homelessness and independent living support. Mission To help make our communities healthier through a focus on “whole-person” health. Values. That’s exactly how Meridian Health Services treats the people it sees. Not as separate ‘parts’ to be examined individually, but rather as a combination of interdependent elements that work together in harmony. Treating both the body and mind for total well-being. This provides patients a true “medical home” where treatments, medications, doctors and social workers are coordinated seamlessly to address the full spectrum of health. Surrounding people with coordinated care that...
What it reported doing in 2024
Outpatient behavioral health counseling programs for children: meridian health services corp. Provides mental health and addictions services to residents of the communities that we serve (primarily those in allen, Delaware, fayette, grant, henry, howard, jay, madison, marion, randolph, rush, st. Joseph, and wayne counties). Services include outpatient, family-centered services, chemical dependency, case management, and consultation and education.
Operating model
- Revenue model
- Earned-program. 84% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 94% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 91
- Accountability: 100
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.1%; rating input score 85
- Program expense ratio: 83.7%; rating input score 84
- Fundraising efficiency: $44.3 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.9%; rating input score 100; 48th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.7%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.99; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 3.1%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 7.5% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 9.2% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 11.5% per year; rating input score 100; 76th percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 85.1% of revenue deployed · 83.7% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $113.2M in reported program spending
- Leadership: top reported pay $758K · 27 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.6M reported
- Consistency: 40 of 40 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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 — Sustainability: Operating margin scored 24/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.