FRIENDS OF THE MARYLAND STATE ARCHIVES (EIN 510547173) - 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

2004

Legal Domicile

Principal Officer

MIMI CALVER

Phone

4102606444

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE MARYLAND STATE ARCHIVES, founded in 2004, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $46K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16K, a strong 35% operating margin.

Mission

TO HELP THE MARYLAND STATE ARCHIVES ACQUIRE, PRESERVE, AND MAKE RECORDS AND ARTISTIC PROPERTY RELATED TO THE HISTORY OF MARYLAND ACCESSIBLE.

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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 $22,225

Program Service Revenue $0

Investment Income $23,361

Other Revenue $292

TOTAL REVENUE $45,878

Expense Breakdown

Grants Paid $1,075

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $29,984

Other Expenses $28,909

TOTAL EXPENSES $29,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,878	$924,800	-1.0%
Expenses	$29,984	$50,747	-0.4%
Net Income	$15,894	$874,053	-1.0%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELAINE RICE BACKMANN	EX OFFICIO	N/A	Officer Director	$0	$0	$0
TIMOTHY BAKER	PRESIDENT	N/A	Officer Director	$0	$0	$0
MIMI CALVER	EXECUTIVE DI	5.00	Officer Director	$0	$0	$0
MATTHEW LALUMIA	DIRECTOR	N/A	Director	$0	$0	$0
VAN LEWIS	DIRECTOR	N/A	Director	$0	$0	$0
PATRICIA MELVILLE	DIRECTOR	N/A	Director	$0	$0	$0
DR EDWARD C PAPENFUSE	DIRECTOR	N/A	Director	$0	$0	$0
DR JEAN RUSSO	DIRECTOR	N/A	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	$45,878	$29,984	$1,108,230	$15,894
2023	$924,800	$50,747	$1,045,255	$874,053
2023	$924,800	$50,747	$1,045,255	$874,053
2022	$15,694	$30,180	$157,414	$-14,486
2021	$23,339	$7,785	$171,900	$15,554
2020	$16,147	$22,691	$156,346	$-6,544
2019	$13,550	$11,031	$162,890	$2,519
2018	$31,109	$25,944	$160,371	$5,165

FRIENDS OF THE MARYLAND STATE ARCHIVES