MARYLAND NURSES ASSOCIATION 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

1903

Legal Domicile

Principal Officer

BARBARA BIEDRZYCKI

Phone

4433345110

Tax Period

2024-07-01 to 2025-06-30

MARYLAND NURSES ASSOCIATION INC, founded in 1903, is a small nonprofit that reported $582K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $524K left a modest 10% surplus.

Mission

ORGANIZATION'S PRINCIPAL MISSION AND PURPOSE IS TO FOSTER HIGH STANDARDS FOR THE NURSING PROFESSION AND TO PROMOTE THE PROFESSIONAL EDUCATION ADVANCEMENT FOR NURSES.

Program Service Accomplishments

Program 1

THE ORGANIZATION PROMOTES EXCELLENCE IN THE NURSING PROFESSION, PROVIDES PROGRAM AND EDUCATIONAL DEVELOPMENT, AND ADVOCATES FOR POLICY SUPPORTING THE HIGHEST QUALITY HEALTHCARE.

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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 $0

Program Service Revenue $493,256

Investment Income $73,090

Other Revenue $16,130

TOTAL REVENUE $582,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,170

Fundraising Expenses $0

Other Expenses $400,241

TOTAL EXPENSES $524,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$582,476	$527,354	+0.1%
Expenses	$524,411	$489,855	+0.1%
Net Income	$58,065	$37,499	+0.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

$115,475

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA BIEDRZYCKI PHDRNMSNCRNP	EXECUTIVE DIRECTOR	60.00	Officer	$115,475	$0	$115,475
LOU BARTOLO DNP MSN RN	PRESIDENT	20.00	Officer Director	$0	$0	$0
MARY JEAN SCHUMANN DNP MBA CPNP-PC	TREASURER	4.00	Officer Director	$0	$0	$0
REBECCA WISEMAN PHD MSN BSN RN	SECRETARY	4.00	Officer Director	$0	$0	$0
KAREN EVANS DNP MSN SD-CLTC CLC	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
NAYNA PHILIPSENJD PHD RN CFE	PRESIDENT-ELECT	10.00	Officer Director	$0	$0	$0
JEANNIE SEIFARTH PHD RN PMHCNS-BC	DIRECTOR	4.00	Director	$0	$0	$0
ROSALIE GRIFFITH PHD MAED MSN RN	DIRECTOR	4.00	Director	$0	$0	$0
CATHY GIBSON BSN RNC-OB IBCLC	DIRECTOR	4.00	Director	$0	$0	$0
SADIE PARKER MA BSN RN	DIRECTOR	4.00	Director	$0	$0	$0
JENNIFER COOPER DNP RN PHNA-BCCNE	DIRECTOR	4.00	Director	$0	$0	$0
NANCY GOLDSTEIN DNP MS RN APN-BC	DIRECTOR	4.00	Director	$0	$0	$0
VERA GARNETT DNP APRN PMHNP-BC NP	DIRECTOR	4.00	Director	$0	$0	$0
EUCHARIA MBAGWU DNP APRN CRNP-PHM	DIRECTOR	4.00	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
2025	$582,476	$524,411	$1,215,021	$58,065
2024	$527,354	$489,855	$1,321,927	$37,499
2023	$499,549	$537,021	$1,232,978	$-37,472
2022	$540,797	$410,252	$1,157,363	$130,545
2021	$510,796	$375,983	$1,232,046	$134,813
2020	$505,251	$390,670	$973,672	$114,581
2019	$478,578	$400,749	$872,622	$77,829
2018	$422,625	$391,627	$804,059	$30,998