MARYLAND WORKERS' COMPENSATION EDUCATIONAL ASSOCIATION INC (EIN 521353216) - 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

1984

Legal Domicile

Principal Officer

ANDREA BALL

Phone

2402066007

Tax Period

2024-01-01 to 2024-12-31

MARYLAND WORKERS' COMPENSATION EDUCATIONAL ASSOCIATION INC, founded in 1984, is a small nonprofit that reported $232K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE EDUCATION & SUPPORT FOR CONTINUATION & BETTERMENT OF THE WORKERS' COMPENSATION SYSTEM

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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 $27,600

Program Service Revenue $202,130

Investment Income $0

Other Revenue $2,000

TOTAL REVENUE $231,730

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $43,599

Fundraising Expenses $19,383

Program Expenses $207,212

Other Expenses $194,642

TOTAL EXPENSES $246,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$231,730	$254,645	-0.1%
Expenses	$246,241	$251,592	0.0%
Net Income	$-14,511	$3,053	-5.8%

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

$43,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX KATZENBERG ESQ	DIRECTOR	1.00	Director	$0	$0	$0
AMY LACKINGTON	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA KOZLOWSKI ESQ	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEE K SMITH ESQ	DIRECTOR	1.00	Director	$0	$0	$0
BARRY BERNSTEIN ESQ	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
BARRY CHASEN ESQ	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KATZENBERG ESQ	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES THORNE DC	DIRECTOR	1.00	Director	$0	$0	$0
EDGAR DODD	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD GOLDSMITH ESQ	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
ERIC BUCHNER MD	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SCHMIDT MA CPWIC	DIRECTOR	1.00	Director	$0	$0	$0
ERIN THORNE	DIRECTOR	1.00	Director	$0	$0	$0
FATIMA GARLAND ESQ	DIRECTOR	1.00	Director	$0	$0	$0
HARRISON BROOKE	DIRECTOR	1.00	Director	$0	$0	$0
HON MAUREEN QUINN	DIRECTOR	1.00	Director	$0	$0	$0
J MICHAEL HARRISON ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY WEINBERG ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JERMAINE JONES	DIRECTOR	1.00	Director	$0	$0	$0
LISSA H BALES	DIRECTOR	1.00	Director	$0	$0	$0
LUZ NEIGHOFF	DIRECTOR	1.00	Director	$0	$0	$0
LYNDSEY BEIDLE MENINGER ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MARY AHEARN	DIRECTOR	1.00	Director	$0	$0	$0
MATT DRZIK	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW GORDON ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL H DANEY ESQ	2ND VP/DIRECTOR	1.00	Officer Director	$0	$0	$0
MONIQUE LEE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY HARRISON ESQ	DIRECTOR	1.00	Director	$0	$0	$0
SHELBY DUBATO	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA BALL	EXECUTIVE DIRECTOR	23.00	Officer	$43,600	$0	$43,600

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	$231,730	$246,241	$19,963	$-14,511
2023	$254,645	$251,592	$34,474	$3,053
2022	$159,029	$211,620	$31,421	$-52,591
2021	$116,627	$64,250	$84,012	$52,377
2020	$53,983	$67,273	$31,635	$-13,290
2019	$272,800	$277,172	$44,925	$-4,372
2018	$277,878	$270,781	$49,297	$7,097

MARYLAND WORKERS' COMPENSATION EDUCATIONAL ASSOCIATION INC