CHESAPEAKE COLLEGE FOUNDATION INC

EIN: 521104909 501(c)(3)

WYE MILLS, MD

Total Revenue
$1,545,517
Total Expenses
$533,652
Total Assets
$10,120,991
Net Assets
$9,824,312
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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
1977
Legal Domicile
MD
Principal Officer
LINDA FRIDAY
Phone
4108275816
Tax Period
2023-07-01 to 2024-06-30

CHESAPEAKE COLLEGE FOUNDATION INC, founded in 1977, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 65% operating margin.

Mission

CHARITABLE AND EDUCATIONAL PURPOSES TO BENEFIT THE STUDENTS AND FACULTY OF CHESAPEAKE COLLEGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $994,488
Program Service Revenue $0
Investment Income $529,852
Other Revenue $21,177
TOTAL REVENUE $1,545,517

Expense Breakdown

Grants Paid $449,354
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $456,358
Other Expenses $84,298
TOTAL EXPENSES $533,652

Year-over-Year Comparison

2023 2022 Change
Revenue $1,545,517 $868,361 +0.8%
Expenses $533,652 $693,824 -0.2%
Net Income $1,011,865 $174,537 +4.8%
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

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
26
Independent Members
26
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
6
$0
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MILTON NAGEL MEMBER 1.00
Director
$0 $0 $0
DEWEY BLADES MEMBER 1.00
Director
$0 $0 $0
ROBBY SHEEHAN MEMBER 1.00
Director
$0 $0 $0
BRUCE ARMISTEAD MEMBER 1.00
Director
$0 $0 $0
PASSION BOLDEN-TILGHMAN MEMBER 1.00
Director
$0 $0 $0
DR CLIFF COPPERSMITH MEMBER/CHESAPEAKE COLLEGE 10.00
Director
$0 $0 $0
JOHN HAAS MEMBER 1.00
Director
$0 $0 $0
JOHN FOSTER MEMBER 1.00
Director
$0 $0 $0
STUART BOUNDS MEMBER 1.00
Director
$0 $0 $0
REZA JAFARI MEMBER 1.00
Director
$0 $0 $0
WILLIAM KRAMPF MEMBER 1.00
Director
$0 $0 $0
EVAN MILES SECRETARY 1.00
Officer Director
$0 $0 $0
LESLEY SCHLESS MEMBER 1.00
Director
$0 $0 $0
J BRIAN STITCHER MEMBER 1.00
Director
$0 $0 $0
BOB GRACE MEMBER 1.00
Director
$0 $0 $0
KATIE BLAHA MEMBER 1.00
Director
$0 $0 $0
JOHN DELUCA MEMBER 1.00
Director
$0 $0 $0
LINDA FRIDAY PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBIN MARTIN TREASURER 1.00
Officer Director
$0 $0 $0
DARIUS JOHNSON VICE PRESIDENT OF ADMINIST 1.00
Officer Director
$0 $0 $0
DOUGLAS GILL MEMBER 1.00
Director
$0 $0 $0
SHELLY GROSS- WADE MEMBER 1.00
Director
$0 $0 $0
BRANDON HESSON MEMBER 1.00
Director
$0 $0 $0
JUDY DIAZ MEMBER 1.00
Director
$0 $0 $0
PRINCESS WILLIAMS MEMBER 1.00
Director
$0 $0 $0
DANIELLE WILSON MEMBER 1.00
Director
$0 $0 $0
KAREN SMITH VICE PRESIDENT OF ADMINIST 4.00
Officer
$0 $0 $0
AMBER MCGINNIS EXECUTIVE DIRECTOR 1.00
Officer
$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 $1,545,517 $533,652 $10,120,991 $1,011,865
2023 $868,361 $693,824 $8,815,819 $174,537
2022 $1,805,836 $861,260 $8,084,053 $944,576
2021 $843,810 $891,382 $8,892,682 $-47,572
2020 $1,631,212 $695,897 $7,175,936 $935,315
2019 $1,045,020 $955,850 $6,205,430 $89,170
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