MARYLAND STATE FAIR & AGRICULTURAL SOCIETY INC (EIN 520590244) - 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

1950

Legal Domicile

Principal Officer

DONNA G MYERS

Phone

4102520200

Tax Period

2023-11-01 to 2024-10-31

MARYLAND STATE FAIR & AGRICULTURAL SOCIETY INC, founded in 1950, is a community nonprofit in the Recreation & Sports sector that reported $8.1M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Net assets of $16.5M represent 25 months of operating reserves.

Mission

THE MARYLAND STATE FAIR & AGRICULTURAL SOCIETY, INC., A PRIVATE NON-PROFIT 501(C)(3) ORGANIZATION, SUPPORTS AGRICULTURE, EDUCATION, PRESERVES AND PROMOTES MARYLAND'S AGRICUTURAL ROOTS, AND PROVIDES COMPETITIONS AND EVENTS SHOWCASING MARYLAND'S PREMIER INDUSTRY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $512,873

Program Service Revenue $7,069,451

Investment Income $235,110

Other Revenue $255,238

TOTAL REVENUE $8,072,672

Expense Breakdown

Grants Paid $28,695

Salaries & Benefits $2,056,776

Fundraising Expenses $0

Program Expenses $7,275,423

Other Expenses $6,064,008

TOTAL EXPENSES $8,149,479

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,072,672	$7,036,890	+0.1%
Expenses	$8,149,479	$7,786,956	+0.0%
Net Income	$-76,807	$-750,066	-0.9%

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

389

Volunteers

200

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
JEREMY D'ANGELO	MARKETING DI	40.00	Highest	$246,348	$5,458	$251,806
D ANDREW CASHMAN	GENERAL MANA	50.00	Highest	$134,862	$25,685	$160,547
CHARLES HORN	ELECTRICIAN	40.00	Highest	$114,871	$18,002	$132,873
TERRY WARNER	DIRECTOR OF	40.00	Highest	$121,286	$5,513	$126,799
DAVID GORDON	ASSISTANT GE	40.00	Highest	$108,462	$15,051	$123,513
A FERRIS ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
MARY AMOSS	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN BEADELL	DIRECTOR	2.00	Director	$0	$0	$0
DAVID L BRAUNING	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE BULLOCK	DIRECTOR	2.00	Director	$0	$0	$0
FRAN BURNS	PRESIDENT	10.00	Officer Director	$0	$0	$0
H WARD CLASSEN	SECRETARY	10.00	Officer Director	$0	$0	$0
AMANDA CLOUGHERTY	DIRECTOR	2.00	Director	$0	$0	$0
VALERIE T CONNELLY	DIRECTOR	2.00	Director	$0	$0	$0
JOHN EMOONEY	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES R CONNER III ESQ	DIRECTOR	2.00	Director	$0	$0	$0
RENE D HEAPS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HILL	DIRECTOR	2.00	Director	$0	$0	$0
MATT HOFF	DIRECTOR	2.00	Director	$0	$0	$0
KAREN HOLLOWAY	DIRECTOR	2.00	Director	$0	$0	$0
J ROBERT TIBBS JR	TREASURER	10.00	Officer Director	$0	$0	$0
LAMBERT G BOYCE JR	ASST. TREASU	2.00	Officer Director	$0	$0	$0
DONALD E LIPPY	DIRECTOR	2.00	Director	$0	$0	$0
DONALD LITZ	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM F C MARLOW	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL MAST	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT C MILLER	DIRECTOR	2.00	Director	$0	$0	$0
DONNA G MYERS	CHAIR	10.00	Officer Director	$0	$0	$0
JAMES STEELE	DIRECTOR	2.00	Director	$0	$0	$0
JAMES G STIERHOFF	DIRECTOR	2.00	Director	$0	$0	$0
DR JOSEPH H SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
REBECKA TETTER	DIRECTOR	2.00	Director	$0	$0	$0
BARRY F WILLIAMS	DIRECTOR	2.00	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
2024	$8,072,672	$8,149,479	$19,006,477	$-76,807
2023	$7,036,890	$7,786,956	$18,016,539	$-750,066
2022	$7,636,196	$7,280,539	$17,600,523	$355,657
2021	$10,711,144	$5,968,016	$17,597,510	$4,743,128
2020	$2,054,378	$2,878,736	$12,981,234	$-824,358
2019	$6,253,257	$6,610,669	$13,304,623	$-357,412
2018	$6,237,006	$6,701,363	$13,256,402	$-464,357

MARYLAND STATE FAIR & AGRICULTURAL SOCIETY INC