MARYLAND HISTORICAL SOCIETY INC (EIN 520403670) - 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

1944

Legal Domicile

Principal Officer

KEVIN RIDGELY

Phone

4106853750

Tax Period

2024-07-01 to 2025-06-30

MARYLAND HISTORICAL SOCIETY INC, founded in 1944, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $10.6M in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 47% operating margin.

Mission

THE MARYLAND HISTORICAL SOCIETY SERVES THE PEOPLE OF MARYLAND, AND THOSE INTERESTED IN MARYLAND HISTORY, THROUGH STEWARDSHIP OF COMPREHENSIVE LIBRARY AND MUSEUM COLLECTIONS THAT ARE CENTRAL TO THE STATE'S HISTORY.

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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 $6,937,418

Program Service Revenue $87,865

Investment Income $3,526,393

Other Revenue $24,949

TOTAL REVENUE $10,576,625

Expense Breakdown

Grants Paid $600

Salaries & Benefits $2,588,899

Fundraising Expenses $520,747

Program Expenses $3,927,533

Other Expenses $3,058,806

TOTAL EXPENSES $5,648,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,576,625	$5,060,115	+1.1%
Expenses	$5,648,305	$5,553,827	+0.0%
Net Income	$4,928,320	$-493,712	-11.0%

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

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

$277,647

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLINTON R DALY	TRUSTEE	1.00	Officer Director	$0	$0	$0
ANDREW M BROOKS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS BRANDT	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN BANES	CHAIR	1.00	Officer Director	$0	$0	$0
ELEANOR M CAREY	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
WANDA KEYES HEARD	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD BELL	TRUSTEE	1.00	Director	$0	$0	$0
MARY BETH LENNON	TRUSTEE	1.00	Director	$0	$0	$0
MAYA DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
NEAL NAFF	TRUSTEE	1.00	Director	$0	$0	$0
PAM MALESTER	TRUSTEE	1.00	Director	$0	$0	$0
RYAN YU	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT HOPKINS	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT W SCHOEBERLEIN	TRUSTEE	1.00	Director	$0	$0	$0
LYNN SPRINGER ROBERTS	VICE CHAIR	1.00	Director	$0	$0	$0
STILES TUTTLE COLWILL	VICE CHAIR	1.00	Director	$0	$0	$0
TYLER A TATE	TRUSTEE	1.00	Director	$0	$0	$0
MARCUS NICKS	TRUSTEE	1.00	Director	$0	$0	$0
KATHERINE PINKARD	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM JACKSON COOK	TRUSTEE	1.00	Director	$0	$0	$0
KEIFFER MITCHELL JR	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN MCALLISTER	TRUSTEE	1.00	Director	$0	$0	$0
ANGEL GONZALEZ-SANFELIU	TRUSTEE	1.00	Director	$0	$0	$0
C JOHN SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES W MITCHELL	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER J LOGSDON	TRUSTEE	1.00	Director	$0	$0	$0
DAVID TAFT TERRY	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM M GORE	TRUSTEE	1.00	Director	$0	$0	$0
FREDRICK C LEINER	TRUSTEE	1.00	Director	$0	$0	$0
HENRY HOPKINS	TRUSTEE	1.00	Director	$0	$0	$0
DIANE HUTCHINS	TRUSTEE	1.00	Director	$0	$0	$0
ADAM GOODHEART	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN RIDGELY	CFO	28.00	Officer	$128,689	$191	$128,880
KATIE CALJEAN	PRESIDENT & CEO	35.00	Officer	$141,400	$7,367	$148,767

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
2025	$10,576,625	$5,648,305	$46,858,092	$4,928,320
2024	No data	No data	No data	No data
2023	$4,771,012	$5,702,445	$40,635,016	$-931,433
2022	$8,231,801	$5,521,920	$38,986,676	$2,709,881
2021	$7,220,230	$5,104,951	$43,283,952	$2,115,279
2020	$5,321,306	$4,890,177	$35,915,742	$431,129
2019	$4,634,898	$4,334,006	$35,374,038	$300,892
2018	$5,232,391	$4,016,727	$35,089,465	$1,215,664

MARYLAND HISTORICAL SOCIETY INC