Frederick County Landmarks Foundation Inc (EIN 237241926) - 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

1972

Legal Domicile

Principal Officer

Virginia M Russell

Phone

3016633885

Tax Period

2024-01-01 to 2024-12-31

Frederick County Landmarks Foundation Inc, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $112K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $55K, a strong 49% operating margin.

Mission

Promote the preservation of historic sites, structures, natural landmarks, and communities of Frederick County MD, and strive to increase knowledge and appreciation of them. Share the knowledge of historical places in Frederick.

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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 $45,245

Program Service Revenue $7,917

Investment Income $5,132

Other Revenue $53,403

TOTAL REVENUE $111,697

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,341

Other Expenses $51,989

TOTAL EXPENSES $56,989

Year-over-Year Comparison

	2024	2023	Change
Revenue	$111,697	$130,363	-0.1%
Expenses	$56,989	$79,072	-0.3%
Net Income	$54,708	$51,291	+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

100

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Virginia Russell	President	20.00	Officer	$0	$0	$0
Mary Mannix	Vice-President	10.00	Officer	$0	$0	$0
Douglas Lemmonds	Treasurer	2.00	Officer	$0	$0	$0
Matt Benning	Director	1.00	Director	$0	$0	$0
William Eyler	Director	1.00	Director	$0	$0	$0
Eric Gleysteen	Director	1.00	Director	$0	$0	$0
Walter Olson	Director	1.00	Director	$0	$0	$0
Chad Baker	Director	1.00	Director	$0	$0	$0
Nick Carrera	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	$111,697	$56,989	$737,976	$54,708
2023	$130,363	$79,072	$685,677	$51,291
2022	$169,245	$57,758	$631,762	$111,487
2021	$70,235	$41,691	$528,558	$28,544

Frederick County Landmarks Foundation Inc