COLLEGE OF SOUTHERN MARYLAND FOUND… - 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

1970

Legal Domicile

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

THE COLLEGE OF SOUTHERN MARYLAND (CSM) FOUNDATION, INC OPERATES EXCLUSIVELY FOR THE CHARITABLE AND EDUCATIONAL PURPOSES OF SUPPORTING THE COLLEGE OF SOUTHERN MARYLAND AND ITS STUDENTS AND FACULTY. CONTINUED ON SCHEDULE O.COMPRISED OF AN ALL-VOLUNTEER TRI-COUNTY BOARD OF DIRECTORS, THE CSM FOUNDATION RAISES FRIENDS AND FUNDS TO SUPPORT STUDENTS AND COLLEGE INITIATIVES. WE PROMOTE SCHOLARSHIPS, PROGRAMS, TECHNOLOGY, PROFESSIONAL DEVELOPMENT AND SPECIAL PROJECTS THAT STRENGTHEN AND DEVELOP CSM AND OUR STUDENTS.

Program Service Accomplishments

Program 1

Expenses: $1,135,840

DURING FISCAL YEAR 2023, THE FOUNDATION FUNDED SCHOLARSHIPS TO 852 DIFFERENT STUDENTS AWARDED BY THE COLLEGE OF SOUTHERN MARYLAND, MADE DONATIONS TO THE COLLEGE'S TECHNOLOGY RESOURCES, PHYSICAL...

DURING FISCAL YEAR 2023, THE FOUNDATION FUNDED SCHOLARSHIPS TO 852 DIFFERENT STUDENTS AWARDED BY THE COLLEGE OF SOUTHERN MARYLAND, MADE DONATIONS TO THE COLLEGE'S TECHNOLOGY RESOURCES, PHYSICAL EDUCATION WELLNESS CENTER, AND SUPPORTED OTHER PROGRAMS FOR THE BENEFIT OF THE COLLEGE, ITS FACULTY, AND STUDENTS.

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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 (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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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

$1,038,642

Total Directors

Key Employees

Highest Compensated

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

COLLEGE OF SOUTHERN MARYLAND FOUNDATION INC