BOYS AND GIRLS CLUB OF FREDERICK CO

EIN: 263424855 501(c)(3) Youth Development

FREDERICK, MD

Total Revenue
$1,109,645
Total Expenses
$1,029,240
Total Assets
$850,944
Net Assets
$433,365
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MD
Principal Officer
TIMIKA THRASHER
Phone
2408314330
Tax Period
2024-01-01 to 2024-12-31

BOYS AND GIRLS CLUB OF FREDERICK CO, founded in 2008, is a community nonprofit in the Youth Development sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 7% surplus.

Mission

THE MISSION OF BOYS & GIRLS CLUB OF FREDERICK COUNTY IS TO ENABLE ALL YOUTH, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS RESPONSIBLE, PRODUCTIVE, CARING CITIZENS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $796,901
Program Service Revenue $102,107
Investment Income $1,428
Other Revenue $209,209
TOTAL REVENUE $1,109,645

Expense Breakdown

Grants Paid $0
Salaries & Benefits $582,309
Fundraising Expenses $157,265
Program Expenses $367,036
Other Expenses $446,931
TOTAL EXPENSES $1,029,240

Year-over-Year Comparison

2024 2023 Change
Revenue $1,109,645 $661,080 +0.7%
Expenses $1,029,240 $906,494 +0.1%
Net Income $80,405 $-245,414 -1.3%
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
14
Independent Members
14
Employees
36
Volunteers
170

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
$98,800
Total Directors
15
$98,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMIKA THRASHER EXECUTIVE DI 40.00
Officer Director
$98,800 $0 $98,800
STEPHEN M BLAIR CHAIR / PRES 4.00
Director
$0 $0 $0
CORINNE FARNETI VICE/GOVERN/ 4.00
Director
$0 $0 $0
DEEPAK MOKHA DIRECTOR 2.00
Director
$0 $0 $0
ALEXANDER VILLEGAS FINANCE CHAI 4.00
Director
$0 $0 $0
JAHEEDAH ROANE OPERATIONS C 4.00
Director
$0 $0 $0
ACACIA BOWENS DEVELOPMENT 4.00
Director
$0 $0 $0
CHERIE WIGFIELD DIRECTOR 2.00
Director
$0 $0 $0
TIMOTHY W WOLFE DIRECTOR 2.00
Director
$0 $0 $0
JESSICA R UNDERWOOD SAFETY CHAIR 4.00
Director
$0 $0 $0
KARA FRITZ DIRECTOR 2.00
Director
$0 $0 $0
STEPHANIE GREEN BISACRE DIRECTOR 2.00
Director
$0 $0 $0
YOLANDA DAVIS DIRECTOR 2.00
Director
$0 $0 $0
TIM BANCELLS DIRECTOR 2.00
Director
$0 $0 $0
RYAN COOLEY BOARD CHAIR 4.00
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 $1,109,645 $1,029,240 $850,944 $80,405
2023 $661,080 $906,494 $736,472 $-245,414
2022 $558,371 $849,875 $778,437 $-291,504
2021 $981,646 $972,660 $1,274,614 $8,986
2020 $766,644 $865,823 $1,276,247 $-99,179
2019 $628,723 $876,205 $1,083,227 $-247,482
2018 $1,133,605 $644,049 $1,333,074 $489,556
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