ST MARY'S COLLEGE OF MARYLAND FOUNDATION INC

EIN: 237152890 501(c)(3) Education

ST MARYS CITY, MD

Total Revenue
$6,470,282
Total Expenses
$4,553,934
Total Assets
$60,519,266
Net Assets
$58,944,930
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MD
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

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.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
6
$473,962
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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