SPECIAL OLYMPICS MARYLAND INC (EIN 237089144) - 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

1970

Legal Domicile

Principal Officer

DAVID SWEIDERK

Phone

4102421515

Tax Period

2024-01-01 to 2024-12-31

SPECIAL OLYMPICS MARYLAND INC, founded in 1970, is a community nonprofit in the Recreation & Sports sector that reported $7.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $8.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

SPECIAL OLYMPICS MARYLAND PROVIDES YEAR-ROUND SPORTS TRAINING & ATHLETIC COMPETITION FOR CHILDREN & ADULTS WITH INTELLECTUAL DISABILITIES, IN A VARIETY OF OLYMPIC-TYPE SPORTS, GIVING THEM CONTINUING OPPORTUNTITES TO DEVELOP PHYSICAL FITNESS, DEMONSTRATE COURAGE, EXPERIENCE JOY, AND PARTICIPATE IN A SHARING OF GIFTS, SKILLS AND FRIENDSHIP WITH THEIR FAMILIES, OTHER SPECIAL OLYMPIC ATHLETES AND THE COMMUNITY.

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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 $6,680,688

Program Service Revenue $0

Investment Income $630,323

Other Revenue $581,375

TOTAL REVENUE $7,892,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,642,017

Fundraising Expenses $1,266,180

Program Expenses $6,991,355

Other Expenses $5,096,327

TOTAL EXPENSES $8,738,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,892,386	$7,034,290	+0.1%
Expenses	$8,738,344	$6,357,601	+0.4%
Net Income	$-845,958	$676,689	-2.3%

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

Independent Members

Employees

Volunteers

6307

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

$421,089

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT MARINO	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DAVID SWEIDERK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ARNOLD FARMER	TREASURER	2.00	Officer Director	$0	$0	$0
ASHLIEGH LYNN	SECRETARY	2.00	Officer Director	$0	$0	$0
PAULA BURR	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
SENATOR MARY BETH CAROZZA	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
LEON WARNER	AT-LARGE DIRECTOR	2.00	Director	$0	$0	$0
DANIELLE BRADSHAW-LEE	DIRECTOR	2.00	Director	$0	$0	$0
DWAYNE BRODIE	DIRECTOR	2.00	Director	$0	$0	$0
ELAINA CAMACHO	DIRECTOR	2.00	Director	$0	$0	$0
RHONDA CASPER	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER DONELAN	DIRECTOR	2.00	Director	$0	$0	$0
SEAN DOORDAN	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN EIGENBROT	DIRECTOR	2.00	Director	$0	$0	$0
DAMON EVANS	DIRECTOR	2.00	Director	$0	$0	$0
ADAM HAYS	DIRECTOR	2.00	Director	$0	$0	$0
LISA HUME	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA HYATT	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN MULFORD	DIRECTOR	2.00	Director	$0	$0	$0
MARCIA PRICE BOSTON	DIRECTOR	2.00	Director	$0	$0	$0
ALTHEA RIDEOUT	DIRECTOR	2.00	Director	$0	$0	$0
BRADLEY SCHLAGGAR	DIRECTOR	2.00	Director	$0	$0	$0
TIM SHRIVER JR	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS WACK	DIRECTOR	2.00	Director	$0	$0	$0
JIM SCHMUTZ	PRESIDENT & CEO	40.00	Officer	$246,440	$36,327	$282,767
JOANNE ENGLER	VP FINANCE	40.00	Officer	$124,441	$13,881	$138,322
MICHAEL CZARNOWSKY	VP SPORTS & COMPETITIONS	40.00	Highest	$104,913	$21,255	$126,168
JEFFREY ABEL	VP LOCAL AREA PROGRAMS	40.00	Highest	$102,505	$16,830	$119,335

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	$7,892,386	$8,738,344	$9,590,552	$-845,958
2023	$7,034,290	$6,357,601	$9,687,888	$676,689
2022	$7,036,227	$5,713,159	$8,603,573	$1,323,068
2021	$6,213,114	$4,318,616	$8,323,539	$1,894,498
2020	$4,623,239	$3,992,367	$5,663,675	$630,872
2019	$5,511,793	$5,156,174	$4,640,021	$355,619
2019	$5,511,793	$5,156,174	$4,640,021	$355,619
2018	$5,719,701	$4,981,413	$3,968,568	$738,288
2018	$5,719,701	$4,981,413	$3,968,568	$738,288

SPECIAL OLYMPICS MARYLAND INC