MARYLAND AGRICULTURAL RESOURCE COUNCIL INC (EIN 200857330) - 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

2004

Legal Domicile

Principal Officer

THOMAS WHEDBEE

Phone

4108878973

Tax Period

2023-01-01 to 2023-12-31

MARYLAND AGRICULTURAL RESOURCE COUNCIL INC, founded in 2004, is a micro nonprofit that reported $14K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $167K exceeded revenue, resulting in a 1117% operating deficit.

Mission

FOR THE BENEFIT OF THE CITIZENS OF MD TO ENHANCE THEIR KNOWLEDGE AND APPRECIATION FOR AGRICULTURAL BUSINESSES. TO EDUCATE AND ASSIST FARMERS IN DEVELOPING AGRICULTURAL OPERATIONS THAT ARE VIABLE AND ENVIRONMENTALLY SUSTAINABLE.

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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 $1,699

Program Service Revenue $0

Investment Income $12,026

Other Revenue $0

TOTAL REVENUE $13,725

Expense Breakdown

Grants Paid $158,841

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,841

Other Expenses $8,220

TOTAL EXPENSES $167,061

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,725	$15,911	-0.1%
Expenses	$167,061	$14,104	+10.8%
Net Income	$-153,336	$1,807	-85.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN MERRYMAN	DIRECTOR AT LARGE	2.00	Director	$0	$0	$0
ERIKA CROWL	DIRECTOR	2.00	Director	$0	$0	$0
ALICE DEARING	DIRECTOR	2.00	Director	$0	$0	$0
NED HALLE	DIRECTOR	2.00	Director	$0	$0	$0
JOYCE HOLBROOK	DIRECTOR	2.00	Director	$0	$0	$0
BILL JONES	DIRECTOR	2.00	Director	$0	$0	$0
MIKE TRAYNOR	DIRECTOR	2.00	Director	$0	$0	$0
RENEE WILSON	DIRECTOR	2.00	Director	$0	$0	$0
GEOFF DELAMATER	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS WHEDBEE	CHAIRMAN	2.00	Officer	$0	$0	$0
BILL EDELEN	PRESIDENT	5.00	Officer	$0	$0	$0
BILL MINOR	VICE-PRESIDENT	5.00	Officer	$0	$0	$0
SARAH MCDOWELL	TREASURER	2.00	Officer	$0	$0	$0
LAURA DELOZIER	SECRETARY	5.00	Officer	$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
2023	$13,725	$167,061	No data	$-153,336
2022	$15,911	$14,104	$153,336	$1,807
2021	$65,960	$71,647	$151,529	$-5,687
2020	$37,180	$79,554	$161,234	$-42,374
2019	$59,596	$116,912	$213,469	$-57,316
2018	$94,453	$181,706	$271,434	$-87,253

MARYLAND AGRICULTURAL RESOURCE COUNCIL INC