MARYLAND MEP INC

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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

2004

Legal Domicile

Principal Officer

MICHAEL KELLEHER

Phone

5612549596

Tax Period

2024-01-01 to 2024-12-31

MARYLAND MEP INC, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2024.

Mission

THE MISSION OF MARYLAND MEP IS TO STRENGTHEN AND GROW MARYLAND'S MANUFACTURING INDUSTRY BY PROVIDING RESOURCES AND EXPERTISE THAT ENHANCE OPERATIONAL PERFORMANCE, DRIVE INNOVATION, AND SUPPORT WORKFORCE DEVELOPMENT ACROSS ALL SECTORS OF THE STATE'S MANUFACTURING ECONOMY.

Program Service Accomplishments

Program 1

Expenses: $3,408,774 Revenue: $1,615,071

MARYLAND MEP PROMOTES BUSINESS GROWTH AND CONNECTS MANUFACTURERS TO PUBLIC AND PRIVATE RESOURCES, AS WELL AS THE EXPERTISE AND ASSISTANCE ESSENTIAL FOR INCREASED COMPETITIVENESS AND PROFITABILITY...

MARYLAND MEP PROMOTES BUSINESS GROWTH AND CONNECTS MANUFACTURERS TO PUBLIC AND PRIVATE RESOURCES, AS WELL AS THE EXPERTISE AND ASSISTANCE ESSENTIAL FOR INCREASED COMPETITIVENESS AND PROFITABILITY. MARYLAND MEP PROVIDES A COMPREHENSIVE SUITE OF MANUFACTURING-ORIENTED SERVICES AND RESOURCES TO HELP MANUFACTURERS IMPROVE EFFICIENCY, DRIVE GROWTH, AND ENHANCE THE COMPETITIVENESS OF MARYLAND COMPANIES.MARYLAND MEP MANAGES, COORDINATES, AND DELIVERS MULTIPLE FEDERAL, STATE, AND LOCAL PROGRAMS AND GRANTS TO SUPPORT THE NEEDS OF THE MANUFACTURING INDUSTRY. THE GOAL OF THE ORGANIZATION IS TO IDENTIFY, ALIGN, AND CONVENE RESOURCES, FUNDING, PARTNERS, AND STAKEHOLDERS TO EFFECTIVELY AND EFFICIENTLY SUPPORT THE LONG-TERM GROWTH OF MANUFACTURING IN MARYLAND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,497,224

Program Service Revenue $1,615,071

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,112,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,954,790

Fundraising Expenses $0

Program Expenses $3,408,774

Other Expenses $2,107,833

TOTAL EXPENSES $4,062,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,112,295	$4,279,507	0.0%
Expenses	$4,062,623	$4,272,611	0.0%
Net Income	$49,672	$6,896	+6.2%

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

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

$912,832

Total Directors

$389,737

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KELLEHER	EXECUTIVE DIRECTOR	40.00	Officer Director	$337,800	$51,937	$389,737
ANNIE SENNET	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JIM GLOWACKI	DIRECTOR	0.50	Director	$0	$0	$0
EMILY TUNIS	DIRECTOR	0.50	Director	$0	$0	$0
TODD MARKS	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW HICKS	DIRECTOR	0.50	Director	$0	$0	$0
SOPHIA MACDONALD	DIRECTOR	0.50	Director	$0	$0	$0
LYNDSEY PETER	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN SWEENEY	ADVISOR	40.00	Officer	$206,100	$53,042	$259,142
SAMANTHA CALVO	DEPUTY DIRECTOR/CFO	40.00	Officer	$225,000	$38,953	$263,953
SARA KEITH	DIRECTOR OF OPERATIONS	40.00	Highest	$170,400	$36,874	$207,274
KERRY WELLS	SENIOR PROGRAM MANAGER	40.00	Highest	$147,800	$39,929	$187,729
MICHAEL GALIAZZO	ADVISOR	40.00	Highest	$198,700	$10,764	$209,464
TYLER BURFORD	COMMUNICATIONS AND OUTREACH	40.00	Highest	$116,200	$17,108	$133,308
DANIELLE MORAN	BUSINESS DEVELOPMENT	40.00	Highest	$105,800	$30,594	$136,394

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	$4,112,295	$4,062,623	$621,844	$49,672
2023	$4,279,507	$4,272,611	$334,584	$6,896
2023	$4,279,507	$4,272,611	$334,584	$6,896
2022	$4,450,381	$4,447,278	$387,238	$3,103
2021	$4,266,915	$4,258,503	$556,379	$8,412
2020	$3,504,882	$3,409,077	$586,134	$95,805
2019	$3,148,839	$3,261,884	$369,300	$-113,045
2018	$2,522,629	$2,432,350	$312,151	$90,279