MARYLAND BROADBAND COOPERATIVE INC (EIN 020783564) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

TIMOTHY HAYES

Phone

4103416322

Tax Period

2024-07-01 to 2025-06-30

MARYLAND BROADBAND COOPERATIVE INC, founded in 2000, is a community nonprofit in the Mutual Benefit sector that reported $7.6M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $8.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO ORGANIZE, DEVELOP, CONSTRUCT, OPERATE, MAINTAIN, AND MARKET A FIBER OPTIC CABLE NETWORK WITHIN THE STATE OF MARYLAND AND ADJACENT STATES, IN ORDER TO PROMOTE ECONOMIC DEVELOPMENT OF THIS REGION FOR THE BENEFIT OF ALL ITS CITIZENS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,168

Program Service Revenue $7,544,552

Investment Income $21,933

Other Revenue $29,943

TOTAL REVENUE $7,624,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,104,919

Fundraising Expenses $0

Program Expenses $8,457,431

Other Expenses $5,352,512

TOTAL EXPENSES $8,457,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,624,596	$8,762,416	-0.1%
Expenses	$8,457,431	$9,184,522	-0.1%
Net Income	$-832,835	$-422,106	+1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$994,392

Total Directors

$714,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM MCGAHA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
TOM DENNISON	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT WARNER	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY PADGHAM	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN ROCHE	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
NATHANIAL WATKINS	SECRETARY	2.00	Officer Director	$0	$0	$0
TED BOOK	TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN O'NEILL	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW VAN DOPP	CEO/PRESIDENT	40.00	Officer Director	$357,534	$73,589	$431,123
GUY WINTERBERG	DIRECTOR	2.00	Director	$0	$0	$0
JEREMEY SWEENEY	DIRECTOR	2.00	Director	$0	$0	$0
TIM HAYES	CFO	40.00	Officer Director	$221,972	$61,068	$283,040
JOHN HARTLINE	DIRECTOR	2.00	Director	$0	$0	$0
ROB THOMPSON	COO	40.00	Officer	$226,890	$53,339	$280,229
WAYNE M HOWARD	EMPLOYEE	40.00	Highest	$175,179	$52,716	$227,895
THURMAN PETERMAN	EMPLOYEE	40.00	Highest	$127,040	$53,491	$180,531
CHARLES RUSSEL	EMPLOYEE	40.00	Highest	$102,433	$10,243	$112,676

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$7,624,596	$8,457,431	$14,580,708	$-832,835
2024	$8,762,416	$9,184,522	$14,793,277	$-422,106
2023	$9,031,284	$8,736,151	$13,982,344	$295,133
2022	$7,937,357	$5,172,605	$10,221,710	$2,764,752
2021	$5,315,485	$4,660,963	$8,303,058	$654,522
2020	$5,140,359	$5,021,650	$7,461,719	$118,709
2019	$4,553,645	$5,399,847	$8,597,816	$-846,202
2018	$5,075,257	$4,859,222	$10,284,884	$216,035

MARYLAND BROADBAND COOPERATIVE INC