OLDE SEVERNA PARK IMPROVEMENT ASSOC

EIN: 520664220

SEVERNA PARK, MD

Total Revenue
$240,681
Total Expenses
$174,788
Total Assets
$777,883
Net Assets
$777,883
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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
1918
Legal Domicile
MD
Principal Officer
ED MORRIS
Phone
4105334916
Tax Period
2025-01-01 to 2025-12-31

OLDE SEVERNA PARK IMPROVEMENT ASSOC, founded in 1918, is a small nonprofit that reported $241K in total revenue in fiscal year 2025. The organization ran a surplus of $66K, a strong 27% operating margin.

Mission

THE ORGANIZATION IS A COMMUNITY ASSOCIATION THAT HAS BEEN IN EXISTENCE SINCE 1918. IT EXISTS TO COLLECT DUES AND FEES TO MAINTAIN THE COMMON AREAS IN THE COMMUNITY OF OLDE SEVERNA PARK.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $135,084
Program Service Revenue $100,960
Investment Income $4,637
Other Revenue $0
TOTAL REVENUE $240,681

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,285
Fundraising Expenses $0
Other Expenses $161,503
TOTAL EXPENSES $174,788

Year-over-Year Comparison

2025 2024 Change
Revenue $240,681 $233,056 +0.0%
Expenses $174,788 $180,551 0.0%
Net Income $65,893 $52,505 +0.3%
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

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Governance

Voting Members
12
Independent Members
12
Employees
4
Volunteers
302

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY BENNEY 2ND VP MEMBE N/A
Director
$0 $0 $0
JEREMY BUCKLER 2ND VP MAINT N/A
Officer Director
$0 $0 $0
MIKE CARDOZO COMMUNITY OU N/A
Director
$0 $0 $0
KAEMYN MARSHALL ENTERTAINMEN N/A
Director
$0 $0 $0
MICHAEL MCCORMICK ENVIRONMENT N/A
Director
$0 $0 $0
COLIN MCKINTY BEACH CHAIR N/A
Director
$0 $0 $0
ED MORRIS PRESIDENT N/A
Officer Director
$0 $0 $0
RICK PETERS HARBORMASTER N/A
Officer Director
$0 $0 $0
DAVID ROSSIELLO SECRETARY N/A
Officer Director
$0 $0 $0
RICHARD SNADER SECURITY CHA N/A
Director
$0 $0 $0
ESTHER WALLACE RECREATION C N/A
Director
$0 $0 $0
PETER ZAHN TREASURER N/A
Officer 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 $240,681 $174,788 $777,883 $65,893
2024 No data No data No data No data
2023 $180,260 $185,309 $699,695 $-5,049
2022 $229,831 $174,441 $760,954 $55,390
2021 $216,388 $133,365 $722,642 $83,023
2020 $160,669 $84,801 $542,430 $75,868
2019 $219,796 $103,730 $462,418 $116,066
2018 $210,910 $117,989 $345,448 $92,921
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