Maryland Shall Issue Inc (EIN 204313402) - 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

2005

Legal Domicile

Principal Officer

Katie Novotny

Phone

4108499197

Tax Period

2025-01-01 to 2025-12-31

Maryland Shall Issue Inc, founded in 2005, is a small nonprofit that reported $113K in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $44K, a strong 39% operating margin.

Mission

Preservation and advancement of gun owners rights in Maryland

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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 (2025)

Revenue Breakdown

Contributions & Grants $103,289

Program Service Revenue $0

Investment Income $9,309

Other Revenue $0

TOTAL REVENUE $112,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,431

Other Expenses $68,195

TOTAL EXPENSES $68,195

Year-over-Year Comparison

	2025	2024	Change
Revenue	$112,598	$129,448	-0.1%
Expenses	$68,195	$69,411	0.0%
Net Income	$44,403	$60,037	-0.3%

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

2000

Independent Members

2000

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	Reportable Comp	Other Comp	Total
Mark Pennak	President	40.00	$0	$0	$0
Katie Novotny	Treasurer	10.00	$0	$0	$0
Katie Novotny	Vice President	5.00	$0	$0	$0
Sue Burke	Secretary	8.00	$0	$0	$0
Omar Chung	Director	10.00	$0	$0	$0
Mark Golczewski	Director	10.00	$0	$0	$0
Francis Duffy	Director	10.00	$0	$0	$0
Nickolas DeTello	Director	20.00	$0	$0	$0
Mark Bary	Director	10.00	$0	$0	$0
Julio Barreto	Director	10.00	$0	$0	$0
Michael Burke	Director	20.00	$0	$0	$0
Stephen Johnson	Director	20.00	$0	$0	$0
Aaron Bishop	Director	10.00	$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	$112,598	$68,195	$726,037	$44,403
2024	$129,448	$69,411	$683,661	$60,037
2023	$280,625	$74,808	$622,957	$205,817

Maryland Shall Issue Inc