THE CHIMES 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

1947

Legal Domicile

Principal Officer

STEPHEN DARE

Phone

4103586400

Tax Period

2024-07-01 to 2025-06-30

THE CHIMES INC, founded in 1947, is a mid-sized nonprofit in the Human Services sector that reported $56.6M in total revenue in fiscal year 2024.

Mission

CHIMES' MISSION IS TO FOSTER A WELCOMING COMMUNITY WHERE INDIVIDUALS OF DIFFERING ABILITIES AND BEHAVIORAL HEALTH NEEDS ARE SUPPORTED. THE ORGANIZATION ENABLES FUTURES BY PROVIDING SUPPORT, ADVOCACY, AND SOLUTIONS THAT ENHANCE INDEPENDENCE, WELL-BEING, AND BELONGING.

Program Service Accomplishments

Program 1

Expenses: $28,389,677 Revenue: $31,430,129

COMMUNITY LIVING:CHIMES INC. PROVIDES COMMUNITY-BASED RESIDENTIAL SUPPORT THROUGHOUT CENTRAL MARYLAND. SERVICES EMPHASIZE INDEPENDENT LIVING SKILLS, HEALTH AND SAFETY, AND SOCIAL ENGAGEMENT, ENABLING RESIDENTS TO LIVE IN INTEGRATED COMMUNITY SETTINGS RATHER THAN INSTITUTIONAL ENVIRONMENTS.

Program 2

Expenses: $14,015,258 Revenue: $19,124,221

DAY/SUPPORT:SERVICES FOCUS ON LIFE SKILLS DEVELOPMENT, PRE-VOCATIONAL TRAINING, AND COMMUNITY INTEGRATION THROUGH ORGANIZED ACTIVITIES AND OUTINGS. FACILITATES SUPPORTED EMPLOYMENT AND JOB PLACEMENT SERVICES. SERVICES INCLUDE JOB COACHING, SKILLS TRAINING, AND ONGOING SUPPORT, WORKPLACE INTEGRATION, AND INCREASED ECONOMIC SELF-SUFFICIENCY.

Program 3

Expenses: $5,349,942 Revenue: $5,730,287

EDUCATION:THE CHIMES SCHOOL PROVIDED SPECIALIZED EDUCATION SERVICES TO STUDENTS WITH SIGNIFICANT DISABILITIES FROM MARYLAND COUNTIES. THE PROGRAM DELIVERS INDIVIDUALIZED INSTRUCTION AND THERAPEUTIC SUPPORTS DESIGNED TO IMPROVE ACADEMIC, BEHAVIORAL, AND FUNCTIONAL OUTCOMES, PREPARING STUDENTS FOR GREATER INDEPENDENCE.

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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 $56,284,637

Investment Income $51,529

Other Revenue $278,416

TOTAL REVENUE $56,614,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,893,073

Fundraising Expenses $0

Program Expenses $47,754,877

Other Expenses $19,026,539

TOTAL EXPENSES $55,919,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,614,582	$52,425,717	+0.1%
Expenses	$55,919,612	$51,691,740	+0.1%
Net Income	$694,970	$733,977	-0.1%

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

899

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

$2,303,093

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC DANIELSON	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
KAREN HOLCOMB	SECRETARY	2.00	Officer Director	$0	$0	$0
LIONEL LYLE	DIRECTOR	2.00	Director	$0	$0	$0
MARK WOODWARD	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA OWENS	DIRECTOR	2.00	Director	$0	$0	$0
MARTIN BRUNK	DIRECTOR	2.00	Director	$0	$0	$0
ANGEL FIGUEROA	DIRECTOR	2.00	Director	$0	$0	$0
JEAN YOUNG GILLIS	DIRECTOR	2.00	Director	$0	$0	$0
CINDY NANASI	DIRECTOR	2.00	Director	$0	$0	$0
NANCY STAISEY	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN DARE	PRESIDENT AND CEO	3.00	Officer	$0	$60,015	$837,141
PAMELA Z MEADOWS	CHIEF OPERATING OFFICER	3.00	Officer	$0	$60,741	$593,246
BRIAN K JOHNSON	CHIEF ADMINISTRATIVE OFFICER	3.00	Officer	$0	$67,989	$469,919
KEVIN R ZGORSKI	CHIEF FINANCIAL OFFICER	3.00	Officer	$0	$20,046	$402,787
JOHN S ADAMS JR	DIRECTOR OF RESIDENTIAL SERVICES	40.00	Highest	$144,799	$14,212	$159,011
MICHAEL PLUMMER	SCHOOL ADMINISTRATOR (UNTIL 6/29/25)	40.00	Highest	$140,641	$14,012	$154,653
MARLENE K HALL	DIRECTOR OF PERSON CENTERED PLAN	40.00	Highest	$108,717	$13,161	$121,878
ERNEST JACKSON JR	DIVISION MANAGER (UNTIL 6/29/25)	40.00	Highest	$108,740	$0	$108,740
SHAKEERAH A BRYANT	DIR OF VOC SERVICES (UNTIL 5/5/25)	40.00	Highest	$103,415	$13,027	$116,442
KATHLEEN M MCPEAKE ESQ	FORMER CHIEF COMPLIANCE OFFICER	0.00		$0	$0	$115,385
ROBERT REAVES	FORMER DIVISION DIRECTOR	0.00		$105,344	$16,584	$121,928

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	$56,614,582	$55,919,612	$27,919,589	$694,970
2024	No data	No data	No data	No data
2023	$41,647,844	$45,713,195	$22,246,371	$-4,065,351
2022	$38,838,025	$39,012,381	$16,937,541	$-174,356
2021	$38,162,617	$36,730,149	$17,905,656	$1,432,468
2020	$46,082,494	$46,290,598	$123,740,404	$-208,104
2019	$50,629,923	$51,552,205	$45,913,955	$-922,282
2018	$50,775,182	$52,350,791	$32,607,919	$-1,575,609