HIPPODROME FOUNDATION INC

EIN: 521054299 501(c)(3) Arts, Culture & Humanities

BALTIMORE, MD

Total Revenue
$5,242,777
Total Expenses
$3,853,185
Total Assets
$24,929,139
Net Assets
$24,530,362
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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
1976
Legal Domicile
MD
Principal Officer
OLIVE WAXTER
Phone
4107277787
Tax Period
2024-07-01 to 2025-06-30

HIPPODROME FOUNDATION INC, founded in 1976, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 27% operating margin.

Mission

THEATER EXPERIENCES CAN BE LIFE-CHANGING. THROUGH FREE OUTREACH AND EDUCATION PROGRAMS, THE HIPPODROME FOUNDATION WORKS TO INTRODUCE MARYLAND STUDENTS AND COMMUNITY MEMBERS TO THE ARTS AND ALL OF THE ASSETS OF THE FRANCE-MERRICK PERFORMING ARTS CENTER. BY EXPOSING YOUNG PEOPLE TO NEW POSSIBILITIES, WE ARE RAISING THE CURTAIN ON OPPORTUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,693,023
Program Service Revenue $2,296,204
Investment Income $239,506
Other Revenue $14,044
TOTAL REVENUE $5,242,777

Expense Breakdown

Grants Paid $0
Salaries & Benefits $689,042
Fundraising Expenses $113,211
Program Expenses $2,965,019
Other Expenses $3,164,143
TOTAL EXPENSES $3,853,185

Year-over-Year Comparison

2024 2023 Change
Revenue $5,242,777 $3,791,978 +0.4%
Expenses $3,853,185 $3,336,067 +0.2%
Net Income $1,389,592 $455,911 +2.0%
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

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Governance

Voting Members
20
Independent Members
19
Employees
51
Volunteers
700

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
3
$265,615
Total Directors
23
$265,615
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY L JENKINS PHD MEMBER 5.00
Director
$0 $0 $0
ARTHUR F BELL JR MEMBER 5.00
Director
$0 $0 $0
BROOKS AMIOT OUTGOING-MEMBER 5.00
Director
$0 $0 $0
BRUCE JARRELL MEMBER 5.00
Director
$0 $0 $0
DENISE GALAMBOS MEMBER 5.00
Director
$0 $0 $0
DENNIS H WEINMAN MEMBER 5.00
Director
$0 $0 $0
DONALD HICKEN OUTGOING-MEMBER 5.00
Director
$0 $0 $0
HERBERT D FRERICHS JR TREASURER 5.00
Officer Director
$0 $0 $0
J MICHAEL RILEY MEMBER 5.00
Director
$0 $0 $0
JONATHAN M GENN MEMBER 5.00
Director
$0 $0 $0
KEITH CAMPBELL MEMBER 5.00
Director
$0 $0 $0
KURT L SCHMOKE MEMBER 5.00
Director
$0 $0 $0
MELISSA O MARTINEZ ESQ MEMBER 5.00
Director
$0 $0 $0
MICHAEL E CRYOR MEMBER 5.00
Director
$0 $0 $0
MICHELE L WHELLEY OUTGOING-MEMBER 5.00
Director
$0 $0 $0
NEIL M MELTZER MEMBER 5.00
Director
$0 $0 $0
NICHOLE BACCALA WARD MEMBER 5.00
Director
$0 $0 $0
OLIVE WAXTER PRESIDENT 40.00
Officer Director
$211,100 $54,515 $265,615
PHYLICIA PORTER MEMBER 5.00
Director
$0 $0 $0
ROBERT G MERRICK III MEMBER 5.00
Director
$0 $0 $0
THOMAS REGNANTE MEMBER 5.00
Director
$0 $0 $0
WALTER D PINKARD JR CHAIRMAN 5.00
Officer Director
$0 $0 $0
ZACHARY D SHANKMAN MEMBER 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 $5,242,777 $3,853,185 $24,929,139 $1,389,592
2024 No data No data No data No data
2023 $12,259,696 $2,552,105 $23,785,651 $9,707,591
2022 $8,345,176 $2,180,401 $13,272,762 $6,164,775
2021 $1,967,499 $1,629,327 $7,525,481 $338,172
2020 $2,276,744 $2,197,793 $6,844,598 $78,951
2019 $6,309,542 $2,248,600 $7,004,608 $4,060,942
2018 $2,340,442 $2,243,843 $2,715,401 $96,599
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