MARYLAND PSYCHOLOGICAL ASSOCIATION (EIN 520999569) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

TAYLOR DICKERSON

Phone

4109924552

Tax Period

2023-09-01 to 2024-08-31

MARYLAND PSYCHOLOGICAL ASSOCIATION, founded in 1956, is a small nonprofit that reported $391K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $362K left a modest 7% surplus.

Mission

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

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $314,318

Investment Income $0

Other Revenue $76,477

TOTAL REVENUE $390,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $362,310

TOTAL EXPENSES $362,310

Year-over-Year Comparison

	2023	2022	Change
Revenue	$390,795	$415,186	-0.1%
Expenses	$362,310	$370,192	0.0%
Net Income	$28,485	$44,994	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$8,742

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN CORRADO PSYD	PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVID GOODE-CROSS PHD	PRESIDENT ELECT	3.00	Officer Director	$0	$0	$0
REBECCA RESNIK PSYD	PAST PRESIDENT	3.00	Officer Director	$0	$0	$0
MELINDA CAPALDI PSYD	TREASURER	3.00	Officer Director	$0	$0	$0
MEGHAN MATTOS PSYD	SECRETARY	3.00	Officer Director	$0	$0	$0
PETER SMITH PSYD	REP TO APA COUNCIL	1.00	Officer Director	$0	$0	$0
ANDREA CHISOLM PHD	SR REP-AT-LARGE	1.00	Officer Director	$0	$0	$0
RACHEL R SINGER PHD	JR REP-AT-LARGE	1.00	Officer Director	$0	$0	$0
ROBYN WAXMAN PHD	DIRECTOR	1.00	Director	$0	$0	$0
MINDY MILSTEIN PHD	DIRECTOR	1.00	Director	$0	$0	$0
ALAYNA BERKOWITZ PHD	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE DONZE PHD	DIRECTOR	1.00	Director	$0	$0	$0
LASHAUN WILLIAMS PSYD	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE WOLF PHD	DIRECTOR	1.00	Director	$0	$0	$0
KARIN CLEARY PHD	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON CURWIN	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA RAND	EXECUTIVE DIRECTOR	35.00	Officer	$8,742	$0	$8,742

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	$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

MARYLAND PSYCHOLOGICAL ASSOCIATION