Maryland Government Finance Officers Association Inc (EIN 203047808) - 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

Diane Fox

Phone

9782509847

Tax Period

2024-07-01 to 2025-06-30

Maryland Government Finance Officers Association Inc, founded in 2004, is a small nonprofit in the Education sector that reported $340K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

Maryland Government Finance Officers Association (MD GFOA) is an association of state, local, and private financial management professionals and is dedicated to the sound management of government financial resources.

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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 $104,535

Program Service Revenue $235,945

Investment Income $0

Other Revenue $0

TOTAL REVENUE $340,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $232,366

Other Expenses $354,876

TOTAL EXPENSES $354,876

Year-over-Year Comparison

	2024	2023	Change
Revenue	$340,480	$300,241	+0.1%
Expenses	$354,876	$394,319	-0.1%
Net Income	$-14,396	$-94,078	-0.8%

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

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
Diane Fox	President	2.00	Officer Director	$0	$0	$0
Rafiu Ighile	President - Elect	2.00	Officer Director	$0	$0	$0
Mike Walther	Secretary	2.00	Officer Director	$0	$0	$0
Letitia Carolina-Powell	Treasurer	2.00	Officer Director	$0	$0	$0
Stephen McGibbon	Past President	2.00	Director	$0	$0	$0
Jonathan Martin	Director	1.00	Director	$0	$0	$0
Michael Coveyou	Director	1.00	Director	$0	$0	$0
Linda Allen	Director	1.00	Director	$0	$0	$0
Brian Schenck	Director	1.00	Director	$0	$0	$0
Martha Darling-Sparks	Director	1.00	Director	$0	$0	$0
Kelcee Macee	Director	1.00	Director	$0	$0	$0
Jennell Rogers	Director	1.00	Director	$0	$0	$0
Angela Price	Director	1.00	Director	$0	$0	$0
Alex Strate	Director	1.00	Director	$0	$0	$0
Janice Hartman	Director	1.00	Director	$0	$0	$0
Jennifer Hobbs	Director	1.00	Director	$0	$0	$0
Robert Preston	Director	1.00	Director	$0	$0	$0
Todd Feeley	Director	1.00	Director	$0	$0	$0
Jennifer Diercksen	Director	1.00	Director	$0	$0	$0
William Seymour	Director	1.00	Director	$0	$0	$0
Bill Early	Director	1.00	Director	$0	$0	$0
Lisa Sesny	Director	1.00	Director	$0	$0	$0
Dawn Mitchell Parks	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
2025	$340,480	$354,876	$95,286	$-14,396
2024	$300,241	$394,319	$126,476	$-94,078
2023	$286,235	$367,140	$199,891	$-80,905
2022	$259,463	$267,198	$264,591	$-7,735
2019	$308,528	$268,635	$266,391	$39,893
2018	$315,324	$288,902	$190,177	$26,422

Maryland Government Finance Officers Association Inc