CARROLL TECHNOLOGY COUNCIL INC

EIN: 200537495 501(c)(3) Community Improvement

WESTMINSTER, MD

Total Revenue
$147,826
Total Expenses
$253,346
Total Assets
$259,517
Net Assets
$252,893
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MD
Principal Officer
MOLLY SHERMAN
Phone
3017125178
Tax Period
2025-01-01 to 2025-12-31

CARROLL TECHNOLOGY COUNCIL INC, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $148K in total revenue in fiscal year 2025. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $253K exceeded revenue, resulting in a 71% operating deficit.

Mission

CTIC conducts outreach, facilitates jobseeker enrollment, supportes jobseeker enrollment, supports apprenticeship program development, collaborates with employers to align training with labor market needs

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $81,919
Program Service Revenue $65,907
Investment Income $0
Other Revenue $0
TOTAL REVENUE $147,826

Expense Breakdown

Grants Paid $1,000
Salaries & Benefits $95,743
Fundraising Expenses $14,688
Program Expenses $198,947
Other Expenses $156,603
TOTAL EXPENSES $253,346

Year-over-Year Comparison

2025 2024 Change
Revenue $147,826 $615,242 -0.8%
Expenses $253,346 $450,446 -0.4%
Net Income $-105,520 $164,796 -1.6%
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

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Governance

Voting Members
11
Independent Members
10
Employees
2
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
1
$71,430
Total Directors
10
$0
Key Employees
2
$91,590
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOLLY SHERMAN EXECUTIVE DIRECTOR 40.00
Officer Key Emp
$71,430 $0 $71,430
NEIL BELLER DIRECTOR 2.00
Director
$0 $0 $0
KEVIN BROWN DIRECTOR 2.00
Director
$0 $0 $0
CORY DITZEL VICE CHAIR 2.00
Director
$0 $0 $0
JOE BRADLEY DIRECTOR 2.00
Director
$0 $0 $0
ALISSA HARRINGTON DIRECTOR 2.00
Director
$0 $0 $0
MIKE HINKLE CHAIR 2.00
Director
$0 $0 $0
DAVID SHAFFER DIRECTOR 2.00
Director
$0 $0 $0
JAY UEBEL TREASURER 2.00
Director
$0 $0 $0
JENNIFER HOBBS DIRECTOR 2.00
Director
$0 $0 $0
JOHN BRENNAN DIRECTOR 2.00
Director
$0 $0 $0
JACK A BAYNE EMPLOYEE 40.00
Key Emp
$20,160 $0 $20,160
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 $147,826 $253,346 $259,517 $-105,520
2024 $615,242 $450,446 $375,330 $164,796
2023 $389,169 $300,957 $368,724 $88,212
2021 $144,423 $139,848 $156,083 $4,575
2020 $190,032 $119,138 $168,174 $70,894
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