Lutherville Timonium Recreation Co… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

William Kalista

Phone

4108877684

Tax Period

2023-09-01 to 2024-08-31

Lutherville Timonium Recreation Council, founded in 1952, is a community nonprofit in the Recreation & Sports sector that reported $2.0M in total revenue in fiscal year 2023.

Mission

To recommend, promote and maintain public recreation programs and services without regard to race, sex, creed, color, religion, age or national origin in this community in cooperation with the Department of Recreation and Parks and the Baltimore County Board of Education. Activities held reduce vandalism, community deterioration, break down prejudice and discrimination and lessen neighborhood tensions.

Program Service Accomplishments

Program 1

Expenses: $665,816 Revenue: $600,633

The youth soccer program provides indoor, outdoor, travel and in-house team competition for boys and girls. This program operates year-round. The travel program travels to other jurisdictions to...

The youth soccer program provides indoor, outdoor, travel and in-house team competition for boys and girls. This program operates year-round. The travel program travels to other jurisdictions to compete in tournaments. All of the coaches and assistants are volunteers.

Program 2

Expenses: $238,398 Revenue: $138,798

Go Crazy Camp runs for the month of July. The program offers a variety of themed camps to accomodate a wide range of activities to accomodate the interests of participants from pre-kindergarten to...

Go Crazy Camp runs for the month of July. The program offers a variety of themed camps to accomodate a wide range of activities to accomodate the interests of participants from pre-kindergarten to rising seventh graders. Counselors are paid by Baltimore County, which is reimbursed by the organization through a grant to the County.

Program 3

Expenses: $420,416 Revenue: $468,820

The youth lacrosse program provides outdoor, travel and in-house team competition for boys and girls. This program operates year round. The travel program travels to other jurisdictions to compete in...

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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 $52,038

Program Service Revenue $1,872,116

Investment Income $283

Other Revenue $47,043

TOTAL REVENUE $1,971,480

Expense Breakdown

Grants Paid $134,219

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,866,983

Other Expenses $1,819,662

TOTAL EXPENSES $1,953,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,971,480	$1,908,562	+0.0%
Expenses	$1,953,881	$1,792,232	+0.1%
Net Income	$17,599	$116,330	-0.8%

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

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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

N/A

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
Dave Goodwin	President	5.00	Officer Director	$0	$0	$0
Dwight Kines	Activities Vice President	2.00	Officer Director	$0	$0	$0
Bill Kalista	Treasurer	8.00	Officer Director	$0	$0	$0
Nicole Glaeser	Board Member	0.00	Director	$0	$0	$0
Don Imwold	Board Member	0.00	Director	$0	$0	$0
Tom Harrington	Board Member	0.00	Director	$0	$0	$0
Joni Elmore	Board Member	0.00	Director	$0	$0	$0
Rich Moelter	Board Member	0.00	Director	$0	$0	$0
Bob Conrad	Board Member	0.00	Director	$0	$0	$0
Mike McCullough	Secretary	2.00	Officer 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	No data	No data	No data	No data
2024	$1,971,480	$1,953,881	$1,457,973	$17,599
2023	$1,908,562	$1,792,232	$1,440,374	$116,330
2022	$1,628,761	$1,420,538	$1,324,044	$208,223
2021	$1,125,385	$819,479	$1,115,821	$305,906
2020	$946,882	$1,132,094	$809,915	$-185,212
2019	$1,491,518	$1,454,085	$995,127	$37,433

Lutherville Timonium Recreation Council