North Arundel Development Corporation (EIN 521318404) - 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

1983

Legal Domicile

Phone

4103281376

Tax Period

2023-07-01 to 2024-06-30

North Arundel Development Corporation, founded in 1983, is a small nonprofit that reported $414K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TITLE HOLDING COMPANY FOR BALTIMORE WASHINGTON MEDICAL CENTER, INC., AN IRC SECTION 501(c)(3) ORGANIZATION.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $414,307

TOTAL REVENUE $414,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$414,307	$350,633	+0.2%
Expenses	N/A	N/A	N/A
Net Income	N/A	$350,633	N/A

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

N/A

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

$1,748,466

Total Directors

$1,748,466

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALFRED A PIETSCH	TREASURER	1.0	Officer Director	$0	$35,846	$500,182
JASON CARTER	SVP and COO (end 11/2023)	1.0	Officer Director	$0	$73,601	$448,895
KATHLEEN C MCCOLLUM	CEO AND PRESIDENT, UMBWMC	1.0	Officer Director	$0	$41,863	$799,389

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	$414,307	No data	$2,246,412	No data
2023	$350,633	No data	$6,663,714	No data
2022	$376,401	No data	$6,504,328	No data
2021	$491,281	No data	$7,050,934	No data
2020	$372,127	No data	$6,894,023	No data
2019	$216,172	No data	$6,676,052	No data
2018	$218,675	No data	$10,053,775	No data

North Arundel Development Corporation