MARYLAND RECREATION & PARKS ASSOC INC (EIN 237074407) - 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

1948

Legal Domicile

Principal Officer

STEPHEN D ALLEN

Phone

3013527203

Tax Period

2024-01-01 to 2024-12-31

MARYLAND RECREATION & PARKS ASSOC INC, founded in 1948, is a small nonprofit in the Recreation & Sports sector that reported $556K in total revenue in fiscal year 2024. Expenses of $650K exceeded revenue, resulting in a 17% operating deficit.

Mission

ADVOCATE & PROMOTE PARKS, RECREATION, AND ENVIRONMENTAL CONSERVATION EFFORTS WHICH ENHANCE THE QUALITY OF LIFE FOR ALL MARYLANDERS.

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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 $125,831

Program Service Revenue $380,940

Investment Income $46,533

Other Revenue $2,779

TOTAL REVENUE $556,083

Expense Breakdown

Grants Paid $305

Salaries & Benefits $202,593

Fundraising Expenses $0

Program Expenses $583,010

Other Expenses $446,730

TOTAL EXPENSES $649,628

Year-over-Year Comparison

	2024	2023	Change
Revenue	$556,083	$547,179	+0.0%
Expenses	$649,628	$634,498	+0.0%
Net Income	$-93,545	$-87,319	+0.1%

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

$95,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMMY CASTILLO	TREASURER ELECT	5.00	Director	$0	$0	$0
JOSH VAN DYKEN	PRESIDENT	5.00	Officer	$0	$0	$0
JORDAN PERRY	VICE PRESIDENT	5.00	Officer	$0	$0	$0
CHRISTINE DIGIOIA	TREASURER	5.00	Officer	$0	$0	$0
DAVID A MCNAIR	BOARD SECRETARY	5.00	Officer	$0	$0	$0
AMY VAGNONI	EQUITY OFFICER	5.00	Officer	$0	$0	$0
STEPHEN D ALLEN	EXEC. DIRECTOR	40.00	Officer	$95,000	$0	$95,000
CARRIE SPRINKLE	PRESIDENT ELECT	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
2024	$556,083	$649,628	$874,615	$-93,545
2023	$547,179	$634,498	$883,570	$-87,319
2022	$374,338	$474,553	$900,647	$-100,215
2021	$343,805	$391,636	$1,149,096	$-47,831
2020	$258,181	$353,686	$1,106,475	$-95,505
2019	$561,504	$509,335	$1,156,151	$52,169

MARYLAND RECREATION & PARKS ASSOC INC