PRIDE OF BALTIMORE INC

🔒

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

1980

Legal Domicile

Principal Officer

JEFFREY BUCHHEIT

Phone

4105391151

Tax Period

2023-01-01 to 2023-12-31

PRIDE OF BALTIMORE INC, founded in 1980, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023.

Mission

TO PROMOTE HISTORICAL MARITIME EDUCATION, FOSTER ECONOMIC DEVELOPMENT AND TOURISM, AND REPRESENT THE PEOPLE OF MARYLAND IN EVERY PORT SHE VISITS.

Program Service Accomplishments

Program 1

Expenses: $1,263,268 Revenue: $248,603

PRIDE EDUCATES THE PUBLIC ON MARYLAND'S MARITIME HISTORY AND COMMERCE OPPORTUNITIES. AS ONE OF THE MOST RECOGNIZED U.S. HISTORICAL SAILING VESSELS, PRIDE II PROMOTES HISTORICAL MARITIME EDUCATION...

PRIDE EDUCATES THE PUBLIC ON MARYLAND'S MARITIME HISTORY AND COMMERCE OPPORTUNITIES. AS ONE OF THE MOST RECOGNIZED U.S. HISTORICAL SAILING VESSELS, PRIDE II PROMOTES HISTORICAL MARITIME EDUCATION REGARDING BALTIMORE TOPSAIL SCHOONERS AND THEIR CRUCIAL ROLE IN NAVAL INNOVATION, WAR OF 1812, AND THE PENNING OF THE "STAR-SPANGLED BANNER." SERVES AS A UNIQUE LEARNING PLATFORM TO BUILD SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH (STEM) PROGRAMS AS WELL AS HISTORY, SOCIAL STUDIES, AND ENVIRONMENTAL STUDIES. SERVES AS A VISUAL REPRESENTATIVE OF AMERICAN HISTORY AND ENTREPRENEURSHIP IN EVERY PORT SHE VISITS.

🔒

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 $1,295,170

Program Service Revenue $240,908

Investment Income $5,221

Other Revenue $11,094

TOTAL REVENUE $1,552,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $886,314

Fundraising Expenses $139,587

Program Expenses $1,263,268

Other Expenses $678,158

TOTAL EXPENSES $1,564,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,552,393	$1,443,708	+0.1%
Expenses	$1,564,472	$1,329,023	+0.2%
Net Income	$-12,079	$114,685	-1.1%

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

$140,852

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E MAGRUDER PASSANO JR	CHAIR	4.00	Officer Director	$0	$0	$0
SOPHIA SILBERGELD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JACK HOLLERBACH	TREASURER	2.00	Officer Director	$0	$0	$0
IMRAN SHAUKAT	SECRETARY	2.00	Officer Director	$0	$0	$0
JAYSON WILLIAMS	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
MARK ANSTEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BERMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANN COSTLOW	DIRECTOR	1.00	Director	$0	$0	$0
ROSS EICHBERG	DIRECTOR	1.00	Director	$0	$0	$0
NICK ILIFF	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
GARY JONES	DIRECTOR	1.00	Director	$0	$0	$0
RICARRA JONES	DIRECTOR	1.00	Director	$0	$0	$0
ETHAN O'MALLEY	DIRECTOR	1.00	Director	$0	$0	$0
LUKE RITTER	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
DIANE STOLLENWERK	DIRECTOR	1.00	Director	$0	$0	$0
AVERY B STRACHAN	DIRECTOR	1.00	Director	$0	$0	$0
COLIN TARBERT	DIRECTOR	1.00	Director	$0	$0	$0
RUTH TOOMEY	DIRECTOR	1.00	Director	$0	$0	$0
TRENT WAITE	DIRECTOR	1.00	Director	$0	$0	$0
MAYOR GAVIN BUCKLEY	EX OFFICIO DIRECTOR	0.00	Director	$0	$0	$0
MAYOR BRANDON SCOTT	EX OFFICIO DIRECTOR	0.00	Director	$0	$0	$0
JEFFREY BUCHHEIT	EXECUTIVE DIRECTOR	40.00	Officer	$129,744	$11,108	$140,852

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	No data	No data	No data	No data
2023	$1,552,393	$1,564,472	$1,928,744	$-12,079
2022	$1,443,708	$1,329,023	$1,725,580	$114,685
2021	$1,205,978	$1,193,543	$1,423,944	$12,435
2020	$861,735	$898,535	$1,384,081	$-36,800
2019	$1,028,316	$984,168	$1,398,215	$44,148
2018	$676,913	$678,124	$1,362,553	$-1,211