TRI-COUNTY COUNCIL FOUNDATION INC (EIN 260353071) - 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

2007

Legal Domicile

Principal Officer

GREGORY PADGHAM

Phone

4103418980

Tax Period

2023-07-01 to 2024-06-30

TRI-COUNTY COUNCIL FOUNDATION INC, founded in 2007, is a community nonprofit in the Education sector that reported $5.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE ECONOMIC DEVELOPMENT, JOB GROWTH, RETENTION AND DEVELOPMENT OF THE LOWER EASTERN SHORE OF MARYLAND AND VIRGINIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $355,488

Program Service Revenue $5,552,610

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,908,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,863,135

Fundraising Expenses $0

Program Expenses $5,849,181

Other Expenses $986,046

TOTAL EXPENSES $5,849,181

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,908,098	$4,876,829	+0.2%
Expenses	$5,849,181	$4,852,983	+0.2%
Net Income	$58,917	$23,846	+1.5%

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

N/A

Employees

185

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED ELDER	PAST CHAIR	5.00	Director	$0	$0	$0
ELDON WILLING	CHAIR	5.00	Director	$0	$0	$0
JAMES WINN	1ST VICE-CHAIR	5.00	Director	$0	$0	$0
JOE MITRECIC	2ND VICE-CHAIR	5.00	Director	$0	$0	$0
JEFF MERRITT	SECRETARY	5.00	Director	$0	$0	$0
DIANA PURNELL	TREASURER	5.00	Director	$0	$0	$0
SENATOR MARY BETH CAROZZA	AT-LARGE	5.00	Director	$0	$0	$0
RANDY LAIRD	3RD VICE-CHAIR	5.00	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
2025	No data	No data	No data	No data
2024	$5,908,098	$5,849,181	$518,629	$58,917
2023	$4,876,829	$4,852,983	$413,578	$23,846
2022	$4,415,773	$4,437,874	$367,480	$-22,101
2021	$3,825,545	$3,800,992	$361,070	$24,553
2020	$3,785,753	$3,866,113	$324,738	$-80,360
2019	$2,994,278	$2,941,137	$336,145	$53,141
2018	$3,096,295	$2,979,372	$352,628	$116,923

TRI-COUNTY COUNCIL FOUNDATION INC