HOWARD COUNTY EDUCATION ASSOCIATION (EIN 520939793) - 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

1969

Legal Domicile

Principal Officer

BENJAMIN SCHMITT

Phone

4109973440

Tax Period

2023-07-01 to 2024-06-30

HOWARD COUNTY EDUCATION ASSOCIATION, founded in 1969, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $272K, a strong 25% operating margin.

Mission

TO IMPROVE WORK AND RELATED EMPLOYMENT CONCERNS OF HOWARD COUNTY PUBLIC SCHOOL EDUCATORS.

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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 $78,601

Program Service Revenue $988,741

Investment Income $-327

Other Revenue $0

TOTAL REVENUE $1,067,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $561,910

Fundraising Expenses $0

Other Expenses $233,209

TOTAL EXPENSES $795,119

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,067,015	$953,278	+0.1%
Expenses	$795,119	$883,232	-0.1%
Net Income	$271,896	$70,046	+2.9%

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

100

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

$153,452

Total Directors

$153,452

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERI DENNISON	DIRECTOR/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER WILSON	DIRECTOR	1.00	Director	$0	$0	$0
SARAI GRAY	DIRECTOR/TREASURER	1.00	Officer Director	$0	$0	$0
LEIRDRE GALLOWAY	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE KING	DIRECTOR	1.00	Director	$0	$0	$0
Q SMITH GREEN	DIRECTOR	1.00	Director	$0	$0	$0
SAM WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
ALISON DANIELS	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA OTTE	DIRECTOR	1.00	Director	$0	$0	$0
BEN SCHMITT	DIRECTOR/PRESIDENT	40.00	Officer Director	$123,997	$29,455	$153,452
JOHN WALLACE	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$0	$0
KATHLEEN MACLAUGHLIN	DIRECTOR	1.00	Director	$0	$0	$0
CASEY RETTERER	DIRECTOR	1.00	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
2024	$172,779	$136,673	$1,982,804	$36,106
2024	$1,067,015	$795,119	$2,403,884	$271,896
2023	$953,278	$883,232	$2,089,546	$70,046
2022	$1,034,089	$1,174,063	$2,011,337	$-139,974
2021	$979,557	$698,712	$2,138,631	$280,845
2020	$1,108,830	$882,520	$1,781,913	$226,310
2019	$1,030,504	$739,980	$1,515,301	$290,524
2018	$918,309	$757,391	$1,318,830	$160,918

HOWARD COUNTY EDUCATION ASSOCIATION