MPT FOUNDATION INC C/O P FITZHUGH

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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

1981

Legal Domicile

Principal Officer

LARRY D UNGER

Phone

4105814030

Tax Period

2023-07-01 to 2024-06-30

MPT FOUNDATION INC C/O P FITZHUGH, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.7M in total revenue in fiscal year 2023. Expenses of $5.3M left a modest 6% surplus.

Mission

THE FOUNDATION'S PURPOSE IS TO SUPPORT AND PROMOTE THE OBJECTIVES OF THE MARYLAND PUBLIC BROADCASTING COMMISSION (MPT) IN THE FOLLOWING WAYS: 1) TO FACILITATE FUND RAISING PROGRAMS AND CONTRIBUTIONS FROM PRIVATE SOURCES TO FOSTER AND PROMOTE THE GENERAL WELFARE OF MPT 2) TO PROMOTE, SPONSOR, AND IMPLEMENT EDUCATIONAL, SCIENTIFIC, CHARITABLE AND CULTURAL ACTIVITIES FOR THE BENEFIT OF MPT AND 3) TO ACCUMULATE AND PROVIDE FUNDS TO BE INVESTED AND TO UTILIZE THE PRINCIPAL AND INCOME THEREOF FOR ACTIVITIES THAT ENHANCE AND FURTHER THE MISSION OF MPT.

Program Service Accomplishments

Program 1

Expenses: $3,375,700

SUPPORT GRANTS TO THE MARYLAND PUBLIC BROADCASTING COMMISSION (MPT) AND GENERAL, PROGRAMMING AND MEMBERSHIP SUPPORT PROVIDED TO MPT

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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 $5,190,880

Program Service Revenue $0

Investment Income $339,248

Other Revenue $140,937

TOTAL REVENUE $5,671,065

Expense Breakdown

Grants Paid $3,323,700

Salaries & Benefits $647,949

Fundraising Expenses $1,519,223

Program Expenses $3,375,700

Other Expenses $1,221,634

TOTAL EXPENSES $5,309,883

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,671,065	$5,480,845	+0.0%
Expenses	$5,309,883	$4,849,818	+0.1%
Net Income	$361,182	$631,027	-0.4%

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

Governance

Voting Members

Independent Members

Employees

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

$464,667

Total Directors

$326,158

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL STYER	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT C DOUGLAS ESQ	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD BODORFF	CHAIR	1.00	Officer Director	$0	$0	$0
RHEA FEIKIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
REBECCA J HANSON	DIRECTOR	0.50	Director	$0	$0	$0
PAUL ULLMAN	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK BUTLER	EMERITUS	0.50	Director	$0	$0	$0
MARY LOUISE PREIS	DIRECTOR	0.50	Director	$0	$0	$0
W THOMAS CURTIS	DIRECTOR	0.50	Director	$0	$0	$0
KATHRYN D LINDQUIST	DIRECTOR	0.50	Director	$0	$0	$0
JOHN ANTHONY WOLF	DIRECTOR	0.50	Director	$0	$0	$0
HARRY KASSAP	DIRECTOR	0.50	Director	$0	$0	$0
H KING CORBETT	DIRECTOR	0.50	Director	$0	$0	$0
ALFRED R BERKELEY	DIRECTOR	0.50	Director	$0	$0	$0
ELLIE WANG	DIRECTOR	0.50	Director	$0	$0	$0
EDWARD H KAPLAN	DIRECTOR	0.50	Director	$0	$0	$0
DR SHAILAJA DIDOLKAR	DIRECTOR	0.50	Director	$0	$0	$0
DR BETTY MOLINA MORGAN	DIRECTOR	0.50	Director	$0	$0	$0
BETH SUAREZ	DIRECTOR	0.50	Director	$0	$0	$0
ANN K MURRAY	DIRECTOR	0.50	Director	$0	$0	$0
DEBBIE DRIESMAN	DIRECTOR	0.50	Director	$0	$0	$0
HENRY STANSBURY	DIRECTOR	0.50	Director	$0	$0	$0
TYRONE TABORN	DIRECTOR	0.50	Director	$0	$0	$0
LARRY D UNGER	PRESIDENT	1.00	Officer Director	$0	$0	$326,158
CRAIG FULLER	DIRECTOR	0.50	Director	$0	$0	$0
ANNE WEST	DIRECTOR	0.50	Director	$0	$0	$0
PATRICIA FITZHUGH	TREASURER	1.00	Officer	$0	$0	$0
ERIN CHREST	SECRETARY	1.00	Officer	$0	$0	$138,509
SUZANNE SCHWERTMAN	PAST TREASURER	1.00		$0	$0	$153,666

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	$5,671,065	$5,309,883	$18,329,479	$361,182
2023	$5,480,845	$4,849,818	$16,899,604	$631,027
2022	$7,324,843	$2,884,651	$15,645,200	$4,440,192
2021	$5,650,416	$3,000,362	$12,711,206	$2,650,054
2020	$4,948,814	$5,182,488	$9,570,855	$-233,674
2019	$5,106,393	$3,889,398	$9,863,347	$1,216,995
2018	$7,108,441	$4,267,220	$8,412,720	$2,841,221