Maryland Society of Accounting and… - Form 990 Financial Data

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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

1959

Legal Domicile

Principal Officer

Ann Elliott

Phone

4108765998

Tax Period

2024-07-01 to 2025-06-30

Maryland Society of Accounting and Tax, founded in 1959, is a small nonprofit that reported $993K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 25% operating deficit.

Mission

Community. Advocacy. Resources. Education.To create a tightknit environment in which our solo, small, and midsized accounting, tax, and financial businesses can thrive.

Program Service Accomplishments

Program 1

Advocacy: Stay informed of relevant legislation. - MSATP is uniquely positioned to understand the different perspectives and potential impacts of accounting, tax, and financial regulations. They have insights into the legislative agenda, coupled with extensive experience of how the changes will impact their profession and clients - to include potential unintended consequences. As such, they continuously monitor legislative activities, provide expert feedback, and inform their membership of pending changes.

Program 2

Community: MSATP has many relationships and constituents - from lawmakers to members to clients. Increasing the influence among these stakeholders involves increasing awareness of the role and...

Community: MSATP has many relationships and constituents - from lawmakers to members to clients. Increasing the influence among these stakeholders involves increasing awareness of the role and benefits The Organization provides, continuous communication and involvement in a variety of external activities, and increased membership within The Organization.

Program 3

Education: Premier resource for timely, relevant education. Accounting, tax, and financial regulations are constantly changing, making it essential for accurate, comprehensive, and timely information to be available to practitioners in these professions. Through the strength of their professional connections, partnerships, and resident subject matter experts (SMES), MSATP strives to continually be a premier resource for its constituency.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $910,729

Investment Income $73,992

Other Revenue $8,288

TOTAL REVENUE $993,009

Expense Breakdown

Grants Paid $8,110

Salaries & Benefits $519,024

Fundraising Expenses $0

Other Expenses $718,060

TOTAL EXPENSES $1,245,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$993,009	$1,130,065	-0.1%
Expenses	$1,245,194	$1,308,280	0.0%
Net Income	$-252,185	$-178,215	+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

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

$182,010

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Giavante Hawkins	Executive Director	40.00	Officer	$164,196	$17,814	$182,010
Andrea Foster	Delegate	2.00	Director	$0	$0	$0
Keila Hill-Trawick	Delegate	2.00	Director	$0	$0	$0
Nicole Moore	Delegate	2.00	Director	$0	$0	$0
Anthony Pelura	Delegate	2.00	Director	$0	$0	$0
John Salan	Delegate	2.00	Director	$0	$0	$0
Robert Medbery	Board of Trustee Delegate	2.00	Director	$0	$0	$0
Ann Elliott	President	6.00	Officer Director	$0	$0	$0
Michael McIlhargey	Treasurer	6.00	Officer Director	$0	$0	$0
Hannah Coyle	First Vice President	6.00	Officer Director	$0	$0	$0
Christopher Williams	Second Vice President	6.00	Officer Director	$0	$0	$0
Matthew Eddleman	Secretary	6.00	Officer Director	$0	$0	$0
Donya Oneto	Immediate Past President	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	$993,009	$1,245,194	$1,012,368	$-252,185
2024	$1,130,065	$1,308,280	$1,472,520	$-178,215
2023	$1,094,594	$1,223,873	$1,557,944	$-129,279
2022	$1,129,568	$1,427,812	$1,538,804	$-298,244
2021	$1,292,429	$872,592	$2,019,200	$419,837
2020	$1,481,875	$1,420,155	$1,589,209	$61,720
2019	$1,541,148	$1,488,275	$1,626,292	$52,873
2018	$1,422,456	$1,423,607	$1,567,999	$-1,151

Maryland Society of Accounting and Tax