MAXIM CHARITABLE FOUNDATION INC

EIN: 272541827 501(c)(3) Public Safety

COLUMBIA, MD

Total Revenue
$211,046
Total Expenses
$215,022
Total Assets
$222,973
Net Assets
$211,251
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MD
Principal Officer
SAMANTHA RICHARDSON
Phone
4109101500
Tax Period
2024-01-01 to 2024-12-31

MAXIM CHARITABLE FOUNDATION INC, founded in 2010, is a small nonprofit in the Public Safety sector that reported $211K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

To operate exclusively for charitable purposes, including, for such purposes: (i) making need-based distributions and providing assistance to employees of Maxim Healthcare Services, Inc., a Maryland corporation, or their family members, adversely affected by a "qualified disaster", (ii) making distributions and providing assistance to organizations that qualify as exempt organizations under Sec 501(c)(3) which provide relief, financial aid, assistance and disaster relief payments to disaster victims or to the poor or distressed, or which provide donations for social justice purposes, (iii) making need-based distributions and providing assistance to victims of disasters and their families and to the poor and distressed, (iv) developing parameters for, reviewing and approving applications for, and making social justice based scholarships, and (v) making distributions and providing assistance to other organizations that qualify as exempt organizations under Sec 501(c)(3) of the IRC.

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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 $255,205
Program Service Revenue $0
Investment Income $0
Other Revenue $-44,159
TOTAL REVENUE $211,046

Expense Breakdown

Grants Paid $184,469
Salaries & Benefits $0
Fundraising Expenses $21,257
Program Expenses $184,469
Other Expenses $30,553
TOTAL EXPENSES $215,022

Year-over-Year Comparison

2024 2023 Change
Revenue $211,046 $159,611 +0.3%
Expenses $215,022 $122,360 +0.8%
Net Income $-3,976 $37,251 -1.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
50

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Samantha Richardson President & Director 5
Officer Director
$0 $0 $0
Chelsea Wagoner Secretary & Director 5
Officer Director
$0 $0 $0
Patrick Wilson Treasurer & Director 5
Officer Director
$0 $0 $0
Morgan Costello Vice President & Director 5
Officer 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 $211,046 $215,022 $222,973 $-3,976
2023 $159,611 $122,360 $223,017 $37,251
2022 $195,634 $210,802 $189,171 $-15,168
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