MARYLAND CHIROPRACTIC ASSOCIATION (EIN 237060635) - 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

1928

Legal Domicile

Principal Officer

MICHAEL FEDORCZYK

Phone

4439663880

Tax Period

2023-01-01 to 2023-12-31

MARYLAND CHIROPRACTIC ASSOCIATION, founded in 1928, is a small nonprofit that reported $235K in total revenue in fiscal year 2023. Expenses of $215K left a modest 8% surplus.

Mission

TO FURTHER THE EDUCATION OF THOSE IN THE CHIROPRACTIC INDUSTRY.

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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 $135,803

Program Service Revenue $96,939

Investment Income $1,892

Other Revenue $0

TOTAL REVENUE $234,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $214,748

TOTAL EXPENSES $214,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$234,634	$222,861	+0.1%
Expenses	$214,748	$231,756	-0.1%
Net Income	$19,886	$-8,895	-3.2%

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
LOUIS S CRIVELLI	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
MICHAEL FEDORCZYK	PRESIDENT	1.00	Officer Director	$0	$0	$0
ADAM M FIDEL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT G FRIEMAN	PAST PRESIDE	1.00	Director	$0	$0	$0
NICOLE GANZ	SECRETARY	1.00	Officer Director	$0	$0	$0
MARC GULITZ	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
ROCHELIN HEROLD	DIRECTOR	1.00	Director	$0	$0	$0
DONALD W HIRSH	TREASURER	1.00	Officer Director	$0	$0	$0
TARA Z KERN	DIRECTOR	1.00	Director	$0	$0	$0
SILKE LAUB	DIRECTOR	1.00	Director	$0	$0	$0
JAMES S LEVAN	DIRECTOR	1.00	Director	$0	$0	$0
GREG LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
RONDA L SHARMAN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL S TETRO	DIRECTOR	1.00	Director	$0	$0	$0
MARK WELLS	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
2024	No data	No data	No data	No data
2023	$234,634	$214,748	$242,718	$19,886
2022	$222,861	$231,756	$229,731	$-8,895
2021	$212,204	$191,328	$248,229	$20,876
2020	$200,334	$191,430	$244,854	$8,904
2019	$225,541	$210,520	$238,161	$15,021
2018	$222,878	$205,812	$214,471	$17,066

MARYLAND CHIROPRACTIC ASSOCIATION