ST MARY'S COLLEGE OF MARYLAND FOUN… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

STEPHEN MCDANIEL

Phone

2408954282

Tax Period

2024-07-01 to 2025-06-30

ST MARY'S COLLEGE OF MARYLAND FOUNDATION INC, founded in 1971, is a community nonprofit in the Education sector that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 30% operating margin.

Mission

OUR MISSION IS TO INITIATE, CULTIVATE AND MAINTAIN STRONG LIFELONG RELATIONSHIPS WITH ALUMNI, FRIENDS AND PARTNERS BY CREATING A CULTURE OF GIVING, VOLUNTEER LEADERSHIP AND EXEMPLARY FIDUCIARY RESPONSIBILITY TOWARD THE GOAL OF A BRIGHT FUTURE AS A PREFERRED PUBLIC LIBERAL ARTS HONORS INSTITUTION.

Program Service Accomplishments

Program 1

Expenses: $2,851,093 Revenue: $226,559

COLLEGE DEPARTMENT / DIVISION SUPPORT - PROGRAM AND DEPARTMENT SUPPORT, INCLUDING FACULTY INITIATIVES, LECTURE SERIES, CONFERENCE REGISTRATION FEES, TRAVEL SUPPORT, RESEARCH, MEETING SUPPLIES AND...

COLLEGE DEPARTMENT / DIVISION SUPPORT - PROGRAM AND DEPARTMENT SUPPORT, INCLUDING FACULTY INITIATIVES, LECTURE SERIES, CONFERENCE REGISTRATION FEES, TRAVEL SUPPORT, RESEARCH, MEETING SUPPLIES AND REFRESHMENTS, EQUIPMENT, PRESENTATIONS, AND FILM SCREENINGS. PROGRAMS AND DEPARTMENTS SUPPORTED INCLUDE LIBRARY, EDUCATIONAL STUDIES, MUSIC, THE SCIENCES, CAREER SERVICES, COMPUTER STUDIES, AND MATHEMATICS. ALSO, PROVIDE SUPPLEMENTARY FUNDING FOR THE ATHLETICS DEPARTMENT AND ATHLETIC TEAMS OF ST. MARY'S COLLEGE OF MARYLAND.

Program 2

Expenses: $1,036,199 Revenue: $0

SCHOLARSHIP AND AWARDS SUPPORT- PROVIDE SCHOLARSHIP AND INTERNSHIP SUPPORT, AWARDS AND RESEARCH STIPENDS TO STUDENTS OF ST. MARY'S COLLEGE OF MARYLAND. IN FY25, 262 SCHOLARSHIPS FROM 89 FUNDS WERE...

SCHOLARSHIP AND AWARDS SUPPORT- PROVIDE SCHOLARSHIP AND INTERNSHIP SUPPORT, AWARDS AND RESEARCH STIPENDS TO STUDENTS OF ST. MARY'S COLLEGE OF MARYLAND. IN FY25, 262 SCHOLARSHIPS FROM 89 FUNDS WERE AWARDED. THERE WERE 90 AWARDS GIVEN TO STUDENTS, MANY AT AWARDS CONVOCATION HONORING OUTSTANDING STUDENT ACHIEVEMENTS. 7 STUDENTS WERE PROVIDED SUPPORT TO ENABLE THEM TO COMPLETE AN INTERNSHIP, WHICH PROVIDES AN EXCELLENT SETTING FOR PROFESSIONAL DEVELOPMENT, WORKPLACE DISCIPLINE, SUBJECT SPECIFIC JOB EXPERIENCE AND NETWORKING OPPORTUNITIES. 10 STUDENTS WERE AWARDED STIPENDS TO HELP WITH UNDERGRADUATE RESEARCH PROJECTS.

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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 $3,025,122

Program Service Revenue $226,559

Investment Income $3,218,601

Other Revenue $0

TOTAL REVENUE $6,470,282

Expense Breakdown

Grants Paid $3,238,025

Salaries & Benefits $0

Fundraising Expenses $101,422

Program Expenses $3,887,292

Other Expenses $1,235,909

TOTAL EXPENSES $4,553,934

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,470,282	$4,762,014	+0.4%
Expenses	$4,553,934	$3,556,297	+0.3%
Net Income	$1,916,348	$1,205,717	+0.6%

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

$473,962

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL SCHIFFMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
THOMASINA HIERS-JOHNSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
R SCOTT RASPA	TREASURER	1.00	Officer Director	$0	$0	$0
BONNIE GREEN	SECRETARY	1.00	Officer Director	$0	$0	$0
EDWARD SIRIANNO	DIRECTOR	0.50	Director	$0	$0	$0
BLU PUTNAM	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL O'BRIEN	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN PAUL	DIRECTOR	0.50	Director	$0	$0	$0
NICOLE WEST	DIRECTOR	0.50	Director	$0	$0	$0
BRITTANY GORE	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE ANAS	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH BRYAN	DIRECTOR (UNTIL 6/25)	0.50	Director	$0	$0	$0
AMIR REDA	DIRECTOR	0.50	Director	$0	$0	$0
NIKOLA SUTHERLAND	DIRECTOR	0.50	Director	$0	$0	$0
CAROLYN CURRY	EXECUTIVE DIRECTOR	16.00	Officer	$0	$32,988	$312,425
JACQUELINE WRIGHT	DIRECTOR OF FOUND. FIN. AND ADMIN.	40.00	Officer	$0	$39,012	$161,537

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	$6,470,282	$4,553,934	$60,519,266	$1,916,348
2024	$4,762,014	$3,556,297	$55,717,445	$1,205,717
2023	$7,183,958	$4,148,879	$52,060,070	$3,035,079
2022	$6,696,273	$3,446,934	$47,726,146	$3,249,339
2021	$5,036,754	$2,889,047	$50,780,195	$2,147,707
2020	$5,396,801	$3,600,663	$42,053,683	$1,796,138
2019	$4,147,852	$5,825,552	$41,548,526	$-1,677,700

ST MARY'S COLLEGE OF MARYLAND FOUNDATION INC