Northern Anne Arundel County Chamber of Commerce (EIN 520715089) - 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

1952

Legal Domicile

Principal Officer

Michele Schmidt

Phone

4107668282

Tax Period

2024-01-01 to 2024-12-31

Northern Anne Arundel County Chamber of Commerce, founded in 1952, is a small nonprofit that reported $173K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $226K exceeded revenue, resulting in a 30% operating deficit.

Mission

To promote business and economic development through network opportunities, community involvement, education and legislative liaison.

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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 $54,029

Program Service Revenue $110,043

Investment Income $6

Other Revenue $9,342

TOTAL REVENUE $173,420

Expense Breakdown

Grants Paid $1,305

Salaries & Benefits $85,349

Fundraising Expenses $0

Other Expenses $139,214

TOTAL EXPENSES $225,868

Year-over-Year Comparison

	2024	2023	Change
Revenue	$173,420	$220,998	-0.2%
Expenses	$225,868	$253,738	-0.1%
Net Income	$-52,448	$-32,740	+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

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

$52,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Chapman	President	3.00	Officer Director	$0	$0	$0
Michele Schmidt	President-Elect	2.00	Officer Director	$0	$0	$0
Jessica L Butler	Vice-President	2.00	Officer Director	$0	$0	$0
Cathleen Ward	Secretary	2.00	Officer Director	$0	$0	$0
Kevin Butler	Director	2.00	Director	$0	$0	$0
Adrian Cox	Director	2.00	Director	$0	$0	$0
Dr Felicia Patterson	Director	2.00	Director	$0	$0	$0
William Goodman	Director	2.00	Director	$0	$0	$0
Kayleigh De La Puente	Director	2.00	Director	$0	$0	$0
Scott Wallace	Director	2.00	Director	$0	$0	$0
Andrew Leonard	Director	2.00	Director	$0	$0	$0
Richard May	Director	2.00	Director	$0	$0	$0
Kalie Jakovics	Director	2.00	Director	$0	$0	$0
Joseph Heagerty	Director	2.00	Director	$0	$0	$0
Amy Rychwalski Salmon	Director	2.00	Director	$0	$0	$0
Leslie Matthias	Director	2.00	Director	$0	$0	$0
George Robinson	Director	2.00	Director	$0	$0	$0
Thomas O'Brien	Director	2.00	Director	$0	$0	$0
Lorin Hinton Jr	Director	2.00	Director	$0	$0	$0
Joshua Watkins	Director	2.00	Director	$0	$0	$0
Elizabeth Nowell	CEO	40.00	Officer	$52,500	$0	$52,500

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	$173,420	$225,868	$315,905	$-52,448
2023	$220,998	$253,738	$351,090	$-32,740
2022	$198,252	$202,650	$394,080	$-4,398
2021	$254,540	$190,857	$431,934	$63,683
2020	$217,025	$225,447	$371,766	$-8,422
2019	$273,252	$286,087	$362,447	$-12,835
2018	$301,235	$325,211	$388,782	$-23,976

Northern Anne Arundel County Chamber of Commerce