MEADOWBROOK FOUNDATION INC

EIN: 300020043 501(c)(3) Recreation & Sports

CHEVY CHASE, MD

Total Revenue
$644,781
Total Expenses
$2,622,486
Total Assets
$1,106,747
Net Assets
$148,276
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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
2001
Legal Domicile
MD
Principal Officer
JESSICA LEONARDI
Phone
3015899026
Tax Period
2023-10-01 to 2024-09-30

MEADOWBROOK FOUNDATION INC, founded in 2001, is a small nonprofit in the Recreation & Sports sector that reported $645K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 307% operating deficit.

Mission

SEE PART III, LINE 1.

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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 (2023)

Revenue Breakdown

Contributions & Grants $118,754
Program Service Revenue $2,464,527
Investment Income $-1,949,448
Other Revenue $10,948
TOTAL REVENUE $644,781

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,094,250
Fundraising Expenses $24,378
Program Expenses $2,026,128
Other Expenses $1,528,236
TOTAL EXPENSES $2,622,486

Year-over-Year Comparison

2023 2022 Change
Revenue $644,781 $2,068,137 -0.7%
Expenses $2,622,486 $2,506,246 +0.0%
Net Income $-1,977,705 $-438,109 +3.5%
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

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Governance

Voting Members
11
Independent Members
6
Employees
75
Volunteers
35

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
$76,621
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KERRY RICHARD CHAIRMAN 5.00
Officer Director
$0 $0 $0
MARY KENNEDY VICE CHAIR 2.00
Officer Director
$0 $0 $0
BOB LAYCOCK CO-TREASURER 2.00
Officer Director
$0 $0 $0
JULIA CREIGHTON CO-TREASURER 2.00
Officer Director
$0 $0 $0
MISSY LYNCH SECRETARY 2.00
Officer Director
$0 $0 $0
KATE CAREY ASSISTANT SECRETARY 2.00
Officer Director
$0 $0 $0
SHELLY TRIMBLE ASSISTANT TREASURER 2.00
Officer Director
$0 $0 $0
ALLISON FULTZ BOARD MEMBER 2.00
Director
$0 $0 $0
KARIN KRCHNAK BOARD MEMBER 2.00
Director
$0 $0 $0
SCOTT FASSBACH BOARD MEMBER 2.00
Director
$0 $0 $0
JESSE MARTIN BOARD MEMBER 2.00
Director
$0 $0 $0
JESSICA LEONARDI EXECUTIVE DIRECTOR 40.00
Officer
$74,788 $1,833 $76,621
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 $644,781 $2,622,486 $1,106,747 $-1,977,705
2023 $2,068,137 $2,506,246 $3,103,339 $-438,109
2022 $2,534,195 $2,319,367 $3,736,319 $214,828
2021 $2,176,434 $1,884,641 $4,161,973 $291,793
2020 $3,100,392 $1,921,371 $3,155,758 $1,179,021
2019 $2,341,277 $1,901,402 $1,742,281 $439,875
2018 $1,748,140 $1,746,903 $1,260,761 $1,237
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