THE HEATING AND AIR CONDITIONING CONTRACTORS OF MARYLAND (EIN 237179287) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

SEAN MALLONEE

Phone

4104318889

Tax Period

2024-01-01 to 2024-12-31

THE HEATING AND AIR CONDITIONING CONTRACTORS OF MARYLAND, founded in 1970, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

PROVIDES APPRENTICESHIP PROGRAM EDUCATION TO MEMBER EMPLOYEES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $175,629

Program Service Revenue $914,932

Investment Income $36,096

Other Revenue $0

TOTAL REVENUE $1,126,657

Expense Breakdown

Grants Paid $107,341

Salaries & Benefits $63,466

Fundraising Expenses $3,278

Program Expenses $1,094,422

Other Expenses $996,740

TOTAL EXPENSES $1,167,547

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,126,657	$915,499	+0.2%
Expenses	$1,167,547	$966,070	+0.2%
Net Income	$-40,890	$-50,571	-0.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

$59,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN MALLONEE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE RACKERS	1ST VICE PRE	1.00	Officer Director	$0	$0	$0
CHARLES HAYDEN	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
JAMISON JOHNSON	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
ROB BAKER	BUDGET AND F	1.00	Officer Director	$0	$0	$0
MATT STANGLE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
RAY CHANEY	EMERITUS	1.00	Director	$0	$0	$0
RICHARD FOARD	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE ANDERSON	EXECUTIVE DI	1.00	Director	$59,154	$0	$59,154
TED BIENERT	DIRECTOR	1.00	Director	$0	$0	$0
BOB CHASON	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN DEHART	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	$1,126,657	$1,167,547	$940,960	$-40,890
2023	$915,499	$966,070	$1,005,123	$-50,571
2022	$705,272	$673,984	$1,019,631	$31,288
2021	$673,214	$642,355	$1,006,970	$30,859
2020	$646,230	$530,820	$964,375	$115,410
2019	$700,319	$452,032	$859,197	$248,287
2018	$503,008	$359,281	$603,694	$143,727

THE HEATING AND AIR CONDITIONING CONTRACTORS OF MARYLAND