INDEPENDENT COLLEGE FUND OF MARYLAND INC (EIN 520692469) - 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

1953

Legal Domicile

Principal Officer

MATTHEW POWER

Phone

4102690306

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENT COLLEGE FUND OF MARYLAND INC, founded in 1953, is a small nonprofit in the Education sector that reported $146K in total revenue in fiscal year 2024. Net assets of $395K represent 33 months of operating reserves.

Mission

TO PROVIDE COLLEGE ACCESS, CHOICE AND OPPORTUNITIES BY RAISING FUNDS, PRINCIPALLY FROM BUSINESSES AND FOUNDATIONS, TO PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS ATTENDING I-FUND MEMBER INSTITUTIONS.

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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 $145,524

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $145,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,383

Other Expenses $159,383

TOTAL EXPENSES $159,383

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,531	$138,236	+0.1%
Expenses	$159,383	$170,303	-0.1%
Net Income	$-13,852	$-32,067	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORA DEMLEITNER	PRESIDENT	0.25	Officer Director	$0	$0	$0
BRADFORD SIMS	SECRETARY	0.25	Officer Director	$0	$0	$0
MIKE SOSULSKI	TREASURER	0.25	Officer Director	$0	$0	$0
MATTHEW POWER	MANAGING DIRECTOR	3.00	Officer	$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	$145,531	$159,383	$394,618	$-13,852
2024	$138,236	$170,303	$382,600	$-32,067
2023	$189,067	$167,817	$408,984	$21,250
2022	$131,973	$179,979	$358,767	$-48,006
2021	$321,387	$313,366	$498,636	$8,021
2020	$300,499	$258,148	$423,505	$42,351
2019	$405,095	$456,372	$377,894	$-51,277

INDEPENDENT COLLEGE FUND OF MARYLAND INC