ALLEGANY COLLEGE OF MARYLAND FOUNDATION INC (EIN 521308479) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

DR AUDIE KLINGLER

Phone

3017845200

Tax Period

2023-07-01 to 2024-06-30

ALLEGANY COLLEGE OF MARYLAND FOUNDATION INC, founded in 1982, is a community nonprofit in the Education sector that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 27% operating margin.

Mission

THE PURPOSE OF THE FOUNDATION IS TO ACCUMULATE, INVEST, REINVEST, AND EXPEND FUNDS, BY WAY OF ENDOWMENT OR OTHERWISE TO USE EITHER THE PRINCIPAL OR INCOME THEREOF FOR SCHOLARSHIPS OR FOR SPECIAL PROGRAMS OR PROJECTS AND TO FOSTER, ENCOURAGE, AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF ALLEGANY COLLEGE OF MARYLAND.

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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 $1,645,834

Program Service Revenue $1,894,288

Investment Income $1,212,427

Other Revenue $3,479

TOTAL REVENUE $4,756,028

Expense Breakdown

Grants Paid $1,663,134

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,286,229

Other Expenses $1,807,345

TOTAL EXPENSES $3,470,479

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,756,028	$3,830,306	+0.2%
Expenses	$3,470,479	$3,536,439	0.0%
Net Income	$1,285,549	$293,867	+3.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID N AYDELOTTE SR	DIRECTOR	0.00	Director	$0	$0	$0
BERNICE A FRIEDLAND	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT E HELTZEL	DIRECTOR	0.00	Director	$0	$0	$0
AARON W HENDRICKSON	DIRECTOR	0.00	Director	$0	$0	$0
GEORGE W LAPP JR	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT J MARTIN JR	TREASURER	0.00	Director	$0	$0	$0
JOHN J MCMULLEN	DIRECTOR	0.00	Director	$0	$0	$0
MARY ANN D MOEN	DIRECTOR	0.00	Director	$0	$0	$0
AMANDA RUTHENBERG	DIRECTOR	0.00	Director	$0	$0	$0
J FREDERICK SHARER	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT J SMITH	DIRECTOR	0.00	Director	$0	$0	$0
JOHN R SMYTH JR	DIRECTOR	0.00	Director	$0	$0	$0
ELAINE K SOLOMON	SECRETARY	0.00	Officer Director	$0	$0	$0
JONATHAN M DAYTON	DIRECTOR	0.00	Director	$0	$0	$0
DESTINEE FRANKENBERRY	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL W KERNS	DIRECTOR	0.00	Director	$0	$0	$0
CHRIS MATHEWS	DIRECTOR	0.00	Director	$0	$0	$0
JULI R MCCOY	DIRECTOR	0.00	Director	$0	$0	$0
MATT MILLER	DIRECTOR	0.00	Director	$0	$0	$0
JOHN J FELTEN NO LONGER ON BOARD AS	DIRECTOR	0.00	Director	$0	$0	$0
DIXIE L POWNALL NO LONGER ON BOARD	SECRETARY	0.00	Officer Director	$0	$0	$0
DR AUDIE G KLINGLER	PRESIDENT	0.00	Officer	$0	$0	$0
CARL O BELT JR	VICE PRESIDENT	0.00	Officer	$0	$0	$0
DAVID R JONES	EXECUTIVE DIRECTOR	5.00	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	$4,756,028	$3,470,479	$26,725,463	$1,285,549
2023	$3,830,306	$3,536,439	$24,680,526	$293,867
2022	$2,588,071	$2,904,640	$23,769,965	$-316,569
2021	$4,092,347	$2,742,447	$22,732,271	$1,349,900
2020	$4,756,060	$3,431,769	$18,167,305	$1,324,291
2019	$3,694,663	$2,810,648	$17,724,292	$884,015

ALLEGANY COLLEGE OF MARYLAND FOUNDATION INC