THE HISTORICAL SOCIETY OF CARROLL COUNTY MARYLAND INC (EIN 520655971) - 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

1939

Legal Domicile

Principal Officer

JASON ILLARI

Phone

4108486494

Tax Period

2024-07-01 to 2025-06-30

THE HISTORICAL SOCIETY OF CARROLL COUNTY MARYLAND INC, founded in 1939, is a small nonprofit that reported $596K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $670K exceeded revenue, resulting in a 12% operating deficit.

Mission

COLLECTING AND PRESERVING MATERIALS AND INTERPRETING THE HISTORY OF CARROLL COUNTY, MARYLAND.

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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 $345,992

Program Service Revenue $24,873

Investment Income $246,565

Other Revenue $-20,981

TOTAL REVENUE $596,449

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,173

Fundraising Expenses $38,736

Program Expenses $509,905

Other Expenses $439,166

TOTAL EXPENSES $670,339

Year-over-Year Comparison

	2024	2023	Change
Revenue	$596,449	$538,147	+0.1%
Expenses	$670,339	$486,419	+0.4%
Net Income	$-73,890	$51,728	-2.4%

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

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

$150,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M SHRIVER III	CHAIR	2.00	Officer Director	$0	$0	$0
STEVE BOWERSOX	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TYLER J CODD CPACVA	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER MCDONALD	SECRETARY	2.00	Officer Director	$0	$0	$0
THOMAS C BEACH IV	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS P VELNOSKEY	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM L BROWN	TRUSTEE	1.00	Director	$0	$0	$0
LARRY BOHN	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES O FISHER JR	TRUSTEE	1.00	Director	$0	$0	$0
SAMUEL V GREENHOLTZ	TRUSTEE	1.00	Director	$0	$0	$0
JOSH KOHN	TRUSTEE	1.00	Director	$0	$0	$0
JOE DOMINICK	TRUSTEE	1.00	Director	$0	$0	$0
JOHN LAYCOCK	TRUSTEE	1.00	Director	$0	$0	$0
DEBBIE LEAZER	TRUSTEE	1.00	Director	$0	$0	$0
TAMMY ENEY	TRUSTEE	1.00	Director	$0	$0	$0
BERNARD L JONES SR	TRUSTEE	1.00	Director	$0	$0	$0
JASON ILLARI	EXECUTIVE DIRECTOR	40.00	Officer	$88,250	$0	$88,250
LAURA BANKARD	EVENTS DIRECTOR	40.00	Officer	$62,625	$0	$62,625

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	$596,449	$670,339	$2,863,462	$-73,890
2024	$538,147	$486,419	$3,065,188	$51,728
2023	$1,551,771	$364,381	$2,942,114	$1,187,390
2022	$321,895	$413,345	$1,715,512	$-91,450
2021	$358,158	$345,369	$1,806,703	$12,789
2020	$346,362	$378,648	$1,706,003	$-32,286
2019	$318,936	$369,292	$1,695,274	$-50,356
2018	$350,796	$409,304	$1,748,545	$-58,508

THE HISTORICAL SOCIETY OF CARROLL COUNTY MARYLAND INC