STEAMSHIP TRADE ASSOCIATION OF BALTIMORE CHARITABLE LEGACY INC

EIN: 205505358 501(c)(3)

BALTIMORE, MD

Total Revenue
$396,383
Total Expenses
$228,000
Total Assets
$305,381
Net Assets
$301,876
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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
2006
Legal Domicile
MD
Phone
4102483377
Tax Period
2024-01-01 to 2024-12-31

STEAMSHIP TRADE ASSOCIATION OF BALTIMORE CHARITABLE LEGACY INC, founded in 2006, is a small nonprofit that reported $396K in total revenue in fiscal year 2024. Revenue surged 484% from the prior year, signaling strong growth momentum. The organization ran a surplus of $168K, a strong 42% operating margin.

Mission

PROVIDED AID AND ASSISTANCE TO CHILDREN AND FAMILIES LIVING AND WORKING IN THE MARITIME COMMUNITY OF BALTIMORE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $407,897
Program Service Revenue $0
Investment Income $0
Other Revenue $-11,514
TOTAL REVENUE $396,383

Expense Breakdown

Grants Paid $223,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $223,500
Other Expenses $4,500
TOTAL EXPENSES $228,000

Year-over-Year Comparison

2024 2023 Change
Revenue $396,383 $67,905 +4.8%
Expenses $228,000 $38,688 +4.9%
Net Income $168,383 $29,217 +4.8%
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

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Governance

Voting Members
3
Independent Members
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS WOLFE President 1.00
Officer
$0 $0 $0
MORGAN TRIP BAILEY Secretary 1.00
Officer
$0 $0 $0
MARK SCHMIDT Treasurer 1.00
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
2024 $396,383 $228,000 $305,381 $168,383
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