UNITED WAY OF FREDERICK COUNTY 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

1938

Legal Domicile

Principal Officer

KENNETH OLDHAM

Phone

3016634231

Tax Period

2023-07-01 to 2024-06-30

UNITED WAY OF FREDERICK COUNTY INC, founded in 1938, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum.

Mission

UNITED WAY OF FREDERICK COUNTY MOBILIZES THE CARING POWER OF OUR WHOLE COMMUNITY TO IMPROVE LIVES.

Program Service Accomplishments

Program 1

Expenses: $2,562,094

UNITED WAY OF FREDERICK COUNTY MOBILIZES THE CARING POWER OF OUR WHOLE COMMUNITY TO IMPROVE LIVES. WE SET AND ACHIEVE AMBITIOUS GOALS BY INVESTING IN PROGRAMS THAT PROVIDE LONG-TERM IMPACT, FOCUSING ON LOWER-INCOME HOUSEHOLDS THAT CANNOT AFFORD THE HIGH COST OF LIVING. WE PROVIDE PATHWAYS TO FINANCIAL SECURITY THROUGH OUR PROSPERITY CENTER PROGRAMS, PRODUCE AN ALICE REPORT TO IDENTIFY COMMUNITY NEEDS AND SOLUTIONS, AND RUN A ROBUST YEAR-ROUND VOLUNTEER PROGRAM. OUR ANNUAL UNITY CAMPAIGN RAISES FUNDS TO SUPPORT LOCAL NONPROFITS, AND WE ENGAGE THE COMMUNITY THROUGH COLLABORATIVE EFFORTS THAT DRIVE SYSTEMATIC CHANGE.

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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 $2,976,449

Program Service Revenue $0

Investment Income $1,402

Other Revenue $-11,318

TOTAL REVENUE $2,966,533

Expense Breakdown

Grants Paid $975,029

Salaries & Benefits $715,963

Fundraising Expenses $165,656

Program Expenses $2,562,094

Other Expenses $1,281,721

TOTAL EXPENSES $2,972,713

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,966,533	$1,590,969	+0.9%
Expenses	$2,972,713	$1,504,565	+1.0%
Net Income	$-6,180	$86,404	-1.1%

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

Volunteers

4779

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

$127,435

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH DEROSE	SECRETARY	1.00	Officer Director	$0	$0	$0
SOPHIE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MARY ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
ADAM KREISHER	DIRECTOR	1.00	Director	$0	$0	$0
KEITH HARRIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHARON D JACKO	CHAIR	1.00	Officer Director	$0	$0	$0
ERIC LOUERS-PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
AUSTIN L PEARRE	DIRECTOR	1.00	Director	$0	$0	$0
CARLA CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCLANE JR	PAST CHAIR	1.00	Director	$0	$0	$0
JOY SCHAEFER	DIRECTOR	1.00	Director	$0	$0	$0
LT MATT CARRADO	DIRECTOR	1.00	Director	$0	$0	$0
KENDALL CAMUTI JR	DIRECTOR	1.00	Director	$0	$0	$0
JIM RACHEFF	TREASURER	1.00	Officer Director	$0	$0	$0
TONI BOWIE	DIRECTOR	1.00	Director	$0	$0	$0
GAYON SAMPSON	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN SNOW	DIRECTOR	1.00	Director	$0	$0	$0
MARY KATE BATTLES	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH OLDHAM	EXECUTIVE DIRECTOR	40.00	Officer	$105,360	$22,075	$127,435

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	No data	No data	No data	No data
2024	$2,966,533	$2,972,713	$1,242,058	$-6,180
2023	$1,590,969	$1,504,565	$973,914	$86,404
2022	$1,670,666	$1,556,296	$815,683	$114,370
2021	$1,545,461	$1,555,686	$824,916	$-10,225
2020	$1,740,143	$2,034,484	$867,671	$-294,341
2019	$1,773,479	$1,845,819	$1,279,556	$-72,340