MARYLAND PSYCHOLOGICAL ASSOCIATION

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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

1956

Legal Domicile

Principal Officer

TAYLOR DICKERSON

Phone

4109924258

Tax Period

2024-09-01 to 2025-08-31

MARYLAND PSYCHOLOGICAL ASSOCIATION, founded in 1956, is a small nonprofit that reported $155K in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $301K exceeded revenue, resulting in a 95% operating deficit.

Mission

TO SUPPORT THE PSYCHOLOGISTS IN MARYLAND IN ADVANCING THE SCIENCE AND PRACTICE OF PSYCHOLOGY FOR THE HEALTH AND WELFARE OF THE PUBLIC.

Program Service Accomplishments

Program 1

DISSEMINATION OF PERTINENT INFORMATION FOR MEMBERS OF THE INDUSTRY THROUGH AN ONLINE MEMBERSHIP DIRECTORY, REFERRALS, NUMEROUS PRACTICE DOCUMENTS, ETHICS CONSULTATIONS, COLLEAGUE ASSISTANCE, LEGAL...

DISSEMINATION OF PERTINENT INFORMATION FOR MEMBERS OF THE INDUSTRY THROUGH AN ONLINE MEMBERSHIP DIRECTORY, REFERRALS, NUMEROUS PRACTICE DOCUMENTS, ETHICS CONSULTATIONS, COLLEAGUE ASSISTANCE, LEGAL COUNSEL AND PROFESSIONAL AFFAIRS OFFICE.

Program 2

MONITORING OF PERTINENT LEGISLATIVE ACTIONS AND DEVELOPMENTS WITH CORRESPONDING EDUCATION OF THE MEMBERSHIP. SUCH LEGISLATION IS REVIEWED WITH THE GUIDELINES OF HOW IT RELATES TO THE PROFESSION, HOW IT IMPACTS THE MENTAL HEALTH OF THE CITIZENS OF THE STATE OF MARYLAND, AND THE PERTINENT RESEARCH FINDINGS IN PSYCHOLOGICAL LITERATURE.

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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 $0

Program Service Revenue $77,657

Investment Income $0

Other Revenue $77,080

TOTAL REVENUE $154,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $300,993

TOTAL EXPENSES $300,993

Year-over-Year Comparison

	2024	2023	Change
Revenue	$154,737	$390,795	-0.6%
Expenses	$300,993	$362,310	-0.2%
Net Income	$-146,256	$28,485	-6.1%

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
DAVID GOODE-CROSS PHD	PRESIDENT	3.00	Officer Director	$0	$0	$0
STEPHANIE WOLF PHD	PRESIDENT-ELECT	3.00	Officer Director	$0	$0	$0
BRIAN CORRADO PSYD	PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
ANDREA CHISOLM PHD	TREASURER	3.00	Officer Director	$0	$0	$0
MEGHAN MATTOS PSYD	SECRETARY	3.00	Officer Director	$0	$0	$0
RACHEL R SINGER PHD	SR REP-AT-LARGE	1.00	Officer Director	$0	$0	$0
DEBORAH WILLIAMS PHD	JR REP-AT-LARGE	1.00	Officer Director	$0	$0	$0
PETER SMITH PSYD	REPRESENTATIVE TO APA COUNCIL	1.00	Officer Director	$0	$0	$0
ALAYNA BERKOWITZ PHD	DIRECTOR	1.00	Director	$0	$0	$0
SARAH CRAWLEY PHD	DIRECTOR	1.00	Director	$0	$0	$0
MINDY MILSTEIN PHD	DIRECTOR	1.00	Director	$0	$0	$0
LASHAUN WILLIAMS PSYD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WILTON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE WOLF PHD	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
2025	$154,737	$300,993	$260,536	$-146,256
2024	$390,795	$362,310	$268,965	$28,485
2023	$415,186	$370,192	$241,045	$44,994
2022	$330,603	$330,362	$174,001	$241
2021	$423,920	$453,833	$139,726	$-29,913
2020	$274,952	$398,468	$116,410	$-123,516
2019	$293,179	$371,149	$139,856	$-77,970
2018	$491,444	$443,515	$252,651	$47,929