PROGRESSIVE MARYLAND EDUCATION FUND INC (EIN 030401249) - 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

1991

Legal Domicile

Principal Officer

LARRY STAFFORD

Phone

3014957004

Tax Period

2023-01-01 to 2023-12-31

PROGRESSIVE MARYLAND EDUCATION FUND INC, founded in 1991, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 8% surplus.

Mission

TO EDUCATE AND ORGANIZE THE PUBLIC TO IMPROVE THE QUALITY OF LIFE FOR WORKING FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,446,055

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,446,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $855,994

Fundraising Expenses $42,051

Program Expenses $1,146,846

Other Expenses $476,814

TOTAL EXPENSES $1,332,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,446,055	$2,258,839	-0.4%
Expenses	$1,332,808	$985,995	+0.4%
Net Income	$113,247	$1,272,844	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN DOBSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARTY KEARNS	DIRECTOR	1.00	Director	$0	$0	$0
CATHRYN PAUL	DIRECTOR	1.00	Director	$0	$0	$0
LARRY STAFFORD	DIRECTOR	1.00	Director	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$1,446,055	$1,332,808	$1,564,127	$113,247
2022	$2,258,839	$985,995	$1,345,846	$1,272,844
2021	$518,696	$512,874	$956,202	$5,822
2020	$532,505	$476,830	$148,340	$55,675
2019	$336,727	$489,657	$121,546	$-152,930
2018	$359,569	$334,940	$187,279	$24,629

PROGRESSIVE MARYLAND EDUCATION FUND INC