Maryland Association of Secondary School Principals Inc (EIN 520974554) - 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

1942

Legal Domicile

Principal Officer

Christopher Truffer

Phone

4435459988

Tax Period

2024-07-01 to 2025-06-30

Maryland Association of Secondary School Principals Inc, founded in 1942, is a small nonprofit that reported $356K in total revenue in fiscal year 2024. Expenses of $406K exceeded revenue, resulting in a 14% operating deficit.

Mission

Recognizing educational excellence among students, teachers, administrators, and community members.

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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 $207,747

Program Service Revenue $146,867

Investment Income $1,665

Other Revenue $0

TOTAL REVENUE $356,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,033

Fundraising Expenses $0

Program Expenses $406,492

Other Expenses $306,459

TOTAL EXPENSES $406,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$356,279	$343,760	+0.0%
Expenses	$406,492	$374,981	+0.1%
Net Income	$-50,213	$-31,221	+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

Total Directors

$71,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kris Hemstetter	President	5.00	Officer	$0	$0	$0
Eunice Humphrey	President Elect	5.00	Officer	$0	$0	$0
Erin O'Hara	Secretary	5.00	Officer	$0	$0	$0
Marc Cohen	Treasurer	5.00	Officer	$0	$0	$0
Melissa Shindel	State Coordinator	5.00	Director	$0	$0	$0
Michael Brown	Past President	5.00	Director	$0	$0	$0
Adrian Kaufman	Past Executive Director	25.00	Director	$27,810	$0	$27,810
Linda Chandler	Anne Arundel County Rep	5.00	Director	$0	$0	$0
Bridget Harper	Talbot County Rep	5.00	Director	$0	$0	$0
Yolanda Holloway	Caroline County Rep	5.00	Director	$0	$0	$0
Stacy Novotny	Carroll County Rep	5.00	Director	$0	$0	$0
Douglas Dolan	Charles County Rep	5.00	Director	$0	$0	$0
Lamark Holley	Harford County Rep	5.00	Director	$0	$0	$0
Allison McCoy	Howard County Rep	5.00	Director	$0	$0	$0
Jewel SandersRicardo Hernandez	Montgomery County Rep	5.00	Director	$0	$0	$0
Eunice HumphreyRobynne Prince	Prince Georges County Rep	5.00	Director	$0	$0	$0
Christopher Truffer	Current Executive Director	25.00	Director	$43,750	$0	$43,750
Jenifer Rayne	Worcester County Rep	5.00	Director	$0	$0	$0
Liza Hastings	Wicomico County Rep	5.00	Director	$0	$0	$0
Kim CulbertsonKim Magginson	Baltimore County Rep	5.00	Director	$0	$0	$0
Bob Stike	Washington County Rep	5.00	Director	$0	$0	$0
Gina Massella	Universities Rep	5.00	Director	$0	$0	$0
Alyssa Werner	Allegany County Rep	5.00	Director	$0	$0	$0
Anthony Barone	Calvert County Rep	5.00	Director	$0	$0	$0
Gina Pucci	Cecil County Rep	5.00	Director	$0	$0	$0
Jerome Stover	Dorchester County Rep	5.00	Director	$0	$0	$0
Sheri Murphy	Frederick County Rep	5.00	Director	$0	$0	$0
David Yoder	Garrett County Rep	5.00	Director	$0	$0	$0
Kris Hemstetter	Kent County Rep	5.00	Director	$0	$0	$0
Billie Brice	Queen Annes County Rep	5.00	Director	$0	$0	$0
Debbie Dennie	St Marys County Rep	5.00	Director	$0	$0	$0
Logan Webster	Somerset County Rep	5.00	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
2025	$356,279	$406,492	$136,195	$-50,213
2024	$343,760	$374,981	$181,611	$-31,221
2023	$252,187	$273,495	$212,832	$-21,308
2022	$221,251	$209,914	$234,140	$11,337
2021	$237,077	$219,260	$204,308	$17,817
2020	$219,635	$208,845	$204,986	$10,790
2019	$361,648	$336,321	$185,153	$25,327

Maryland Association of Secondary School Principals Inc