COLLEGE OF SOUTHERN MARYLAND FOUNDATION INC

EIN: 237279944 501(c)(3) Education

LAPLATA, MD

Total Revenue
$1,313,419
Total Expenses
$1,311,862
Total Assets
$16,515,854
Net Assets
$16,448,419
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
MD
Principal Officer
DR YOLANDA WILSON
Phone
3019342251
Tax Period
2022-07-01 to 2023-06-30

COLLEGE OF SOUTHERN MARYLAND FOUNDATION INC, founded in 1970, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2022. Revenue fell 37% from the prior year — a significant decline worth monitoring. Net assets of $16.4M represent 150 months of operating reserves.

Mission

SOLICIT AND INVEST FUNDS TO SUPPORT EDUCATIONAL ACTIVITIES OF THE COLLEGE OF SOUTHERN MARYLAND.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,032,131
Program Service Revenue $0
Investment Income $295,987
Other Revenue $-14,699
TOTAL REVENUE $1,313,419

Expense Breakdown

Grants Paid $1,114,989
Salaries & Benefits $11,374
Fundraising Expenses $30,814
Program Expenses $1,135,840
Other Expenses $185,499
TOTAL EXPENSES $1,311,862

Year-over-Year Comparison

2022 2021 Change
Revenue $1,313,419 $2,075,257 -0.4%
Expenses $1,311,862 $1,080,275 +0.2%
Net Income $1,557 $994,982 -1.0%
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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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
23

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
8
$1,038,642
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL WILLIAMS CHAIR 0.40
Officer Director
$0 $0 $0
KIMBERLY ROSENFIELD IMMEDIATE PAST CHAIR 0.40
Officer Director
$0 $0 $0
TREY PROCTOR VICE CHAIR 0.40
Officer Director
$0 $0 $0
JOSE GONZALEZ TRUSTEE LIAISON 0.10
Director
$0 $0 $0
BRENDA LOWE DIRECTOR 0.10
Director
$0 $0 $0
DEXTER BORDES DIRECTOR 0.10
Director
$0 $0 $0
DANIELLE CONROW DIRECTOR 0.10
Director
$0 $0 $0
NATALIE COTTON DIRECTOR 0.10
Director
$0 $0 $0
MARY HANNAH DIRECTOR 0.10
Director
$0 $0 $0
THEODORE HARWOOD DIRECTOR 0.10
Director
$0 $0 $0
CAROLYN HEITHAUS DIRECTOR 0.10
Director
$0 $0 $0
JANNA JACKSON DIRECTOR 0.10
Director
$0 $0 $0
JULIE LEMMON DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL MEISEL DIRECTOR 0.10
Director
$0 $0 $0
DIXIE MILLER DIRECTOR 0.10
Director
$0 $0 $0
JAMES NORRIS JR DIRECTOR 0.10
Director
$0 $0 $0
DAVID OSTERHOUSE DIRECTOR 0.10
Director
$0 $0 $0
KELLY ROBERTSON-SLAGLE DIRECTOR 0.10
Director
$0 $0 $0
HARRY SHASHO DIRECTOR (UNTIL 12/22) 0.10
Director
$0 $0 $0
TERESA TIKI SHASHO DIRECTOR 0.10
Director
$0 $0 $0
SAMANTHA STRATCHKO DIRECTOR 0.10
Director
$0 $0 $0
KEVIN SWITICK DIRECTOR 0.10
Director
$0 $0 $0
DENNIS ERIC VREM DIRECTOR 0.10
Director
$0 $0 $0
JOANNA YAKAITIS DIRECTOR 0.10
Director
$0 $0 $0
JUDITH MILLS VICE PRESIDENT, DIVISION OF FINANCIAL SERVICES 8.00
Officer
$0 $21,784 $143,970
DR MAUREEN MURPHY SECRETARY/TREASURER 3.00
Officer
$0 $67,781 $402,786
DR YOLANDA WILSON SECRETARY/TREASURER 3.00
Officer
$0 $32,248 $297,374
CHELSEA CLUTE EXECUTIVE DIRECTOR 8.00
Officer
$0 $14,528 $94,439
TONI KRUSZKA ALUMNI AND DONOR RELATIONS MANAGER 8.00
Officer
$0 $20,218 $100,073
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 No data No data No data No data
2024 No data No data No data No data
2023 $1,313,419 $1,311,862 $16,515,854 $1,557
2023 $1,313,419 $1,311,862 $16,515,854 $1,557
2022 $2,075,257 $1,080,275 $15,455,260 $994,982
2021 $1,336,336 $1,169,621 $16,753,204 $166,715
2020 $1,218,917 $1,138,129 $13,658,941 $80,788
2019 $1,254,272 $822,336 $13,696,314 $431,936
2018 $1,259,426 $854,399 $13,166,554 $405,027
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