MARYLAND VETERANS TR (EIN 467071740) - 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

2011

Legal Domicile

Principal Officer

Heather Geraldes

Phone

4102603838

Tax Period

2024-01-01 to 2024-12-31

MARYLAND VETERANS TR, founded in 2011, is a small nonprofit in the Public & Societal Benefit sector that reported $506K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $641K exceeded revenue, resulting in a 27% operating deficit.

Mission

To provide monetary and other assistance to veterans and their families, and to public and private programs that support veterans and their families.

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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 $506,374

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $506,374

Expense Breakdown

Grants Paid $601,790

Salaries & Benefits $16,997

Fundraising Expenses $0

Program Expenses $601,790

Other Expenses $21,827

TOTAL EXPENSES $640,614

Year-over-Year Comparison

	2024	2023	Change
Revenue	$506,374	$629,755	-0.2%
Expenses	$640,614	$432,670	+0.5%
Net Income	$-134,240	$197,085	-1.7%

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

N/A

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

$179,000

Key Employees

$48,630

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony Woods	Chair	1	Director	$0	$0	$179,000
Heather Geraldes	Executive Director	40	Key Emp	$0	$0	$48,630
Julie Riggs	Trustee	0.5	Director	$0	$0	$0
Ginger Miller	Trustee	0.5	Director	$0	$0	$0
Terri Williams	Trustee	0.5	Director	$0	$0	$0
Richard Hunt	Trustee	0.5	Director	$0	$0	$0
Michael Jackson	Trustee	0.5	Director	$0	$0	$0
Mike Rogers	Trustee	0.5	Director	$0	$0	$0
O'Neal Johnson Jr	Treasurer	1	Director	$0	$0	$0
Cameron Miles	Trustee	0.5	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	$506,374	$640,614	$658,710	$-134,240
2023	$629,755	$432,670	$789,200	$197,085
2022	$530,914	$246,162	$604,398	$284,752
2021	$426,346	$362,539	$314,170	$63,807

MARYLAND VETERANS TR