MARYLAND FFA FOUNDATION INCORPORATED (EIN 521354382) - 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

Roy S Walls Jr Executive Treasurer

Phone

2404642279

Tax Period

2023-01-01 to 2023-12-31

MARYLAND FFA FOUNDATION INCORPORATED, founded in 1982, is a small nonprofit that reported $134K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $120K left a modest 10% surplus.

Mission

The MD FFA Foundation raises funds to support the student members of the MD FFA Association. The MD FFA Association has 54 local chapters located across the State of Maryland in the local public schools at the middle and high school level, which serves some 2,500 student members. The MD FFA Foundation raises funds to support FFA career development events, leadership related conferences and workshops.

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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 $112,134

Program Service Revenue $0

Investment Income $20,876

Other Revenue $800

TOTAL REVENUE $133,810

Expense Breakdown

Grants Paid $102,184

Salaries & Benefits $3,500

Fundraising Expenses $1,750

Program Expenses $154,513

Other Expenses $14,122

TOTAL EXPENSES $119,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$133,810	$206,322	-0.4%
Expenses	$119,806	$152,897	-0.2%
Net Income	$14,004	$53,425	-0.7%

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

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

$3,500

Total Directors

$3,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terrie Shank	Secretary	8.00	Officer Director	$0	$0	$0
Jason Watt	Chairman	8.00	Officer Director	$0	$0	$0
Mark Milby	Executive Director	8.00	Officer Director	$3,500	$0	$3,500
George Mayo	Vice Chairman	6.00	Officer Director	$0	$0	$0
Roy S Walls Jr	Executive Treasurer	8.00	Officer Director	$0	$0	$0
David Miller	Trustee	2.00	Director	$0	$0	$0
Jessica Clark	Trustee	2.00	Director	$0	$0	$0
Gabe Zepp	Trustee	2.00	Director	$0	$0	$0
Lori Powell Mayhew	Trustee	2.00	Director	$0	$0	$0
Scott Glenn	Trustee	2.00	Director	$0	$0	$0
Tyler Majchrzak	Trustee	2.00	Director	$0	$0	$0
Joe Linthicum	Trustee	2.00	Director	$0	$0	$0
Jerry Kelley	Trustee	2.00	Director	$0	$0	$0
Thomas Mazzone	Trustee	2.00	Director	$0	$0	$0
Todd Legge	Trustee	2.00	Director	$0	$0	$0
Timothy Beall	Trustee	2.00	Director	$0	$0	$0
Chuck Schuster	Trustee	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$133,810	$119,806	$849,703	$14,004
2022	$206,322	$152,897	$751,711	$53,425
2021	$235,681	$111,252	$872,143	$124,429
2020	$307,263	$76,952	$760,180	$230,311

MARYLAND FFA FOUNDATION INCORPORATED