MARYLAND LAWYERS FOR THE ARTS INC

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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

1985

Legal Domicile

Principal Officer

ADAM HOLOFCENER ESQ

Phone

4107521633

Tax Period

2024-07-01 to 2025-06-30

MARYLAND LAWYERS FOR THE ARTS INC, founded in 1985, is a small nonprofit that reported $722K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 21% operating margin.

Mission

TO PROVIDE LAWYER REFERRAL SERVICES AND PRO BONO LEGAL ASSISTANCE TO INCOME-ELIGIBLE ARTISTS AND ART ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $200,726 Revenue: $35,921

PLANNED AND IMPLEMENTED THE PROVISION OF 3,105 HOURS OF PRO BONO, HIGH QUALITY LEGAL SERVICES TO LOW INCOME ARTISTS & INCOME QUALIFIED NON-PROFIT ARTS ORGANIZATIONS THROUGH A NETWORK OF VOLUNTEER...

PLANNED AND IMPLEMENTED THE PROVISION OF 3,105 HOURS OF PRO BONO, HIGH QUALITY LEGAL SERVICES TO LOW INCOME ARTISTS & INCOME QUALIFIED NON-PROFIT ARTS ORGANIZATIONS THROUGH A NETWORK OF VOLUNTEER ATTORNEYS.

Program 2

Expenses: $200,725

SPENT 2,564 HOURS PLANNING AND IMPLEMENTING EDUCATIONAL WORKSHOPS AND SEMINARS THAT FOCUS ON LEGAL ASPECTS OF ARTS RELATED ISSUES SUCH AS COPYRIGHT, CONTRACTS, AND ENTITY FORMATION TO MEMBERS OF THE...

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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 $681,771

Program Service Revenue $35,921

Investment Income $3,913

Other Revenue $0

TOTAL REVENUE $721,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $412,591

Fundraising Expenses $86,025

Program Expenses $401,451

Other Expenses $160,910

TOTAL EXPENSES $573,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$721,605	$495,261	+0.5%
Expenses	$573,501	$428,001	+0.3%
Net Income	$148,104	$67,260	+1.2%

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

250

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

$107,821

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM HOLOFCENER ESQ	EXECUTIVE DI	47.00	Officer	$104,812	$3,009	$107,821
MARQUIS GASQUE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JEFFREY S NOVER ESQ	VICE PRES/SE	2.00	Officer Director	$0	$0	$0
STEPHEN W OLINER CPA	TREASURER	1.00	Officer Director	$0	$0	$0
JOSHUA COLEMAN ESQ	DIRECTOR	0.25	Director	$0	$0	$0
SUNNY COWELL ESQ	DIRECTOR	0.25	Director	$0	$0	$0
ELLEN DEW ESQ	DIRECTOR	0.25	Director	$0	$0	$0
CECIL E MARTIN III ESQ	DIRECTOR	0.25	Director	$0	$0	$0
DAVID MAHER ESQ	DIRECTOR	0.25	Director	$0	$0	$0
CHERYL FOGLE-HATCH PHD	DIRECTOR	0.25	Director	$0	$0	$0
ELIZABETH STIEFF ESQ	DIRECTOR	0.25	Director	$0	$0	$0
ANDREA DENNIS ESQ	DIRECTOR	0.25	Director	$0	$0	$0
MICHAEL GRACE CPA	DIRECTOR	0.25	Director	$0	$0	$0
AMI KAUR DANG	DIRECTOR	0.25	Director	$0	$0	$0
ANGELA CARROLL	DIRECTOR	0.25	Director	$0	$0	$0
ALISON BEST LUTICH ESQ	DIRECTOR	0.25	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	$721,605	$573,501	$406,743	$148,104
2024	No data	No data	No data	No data
2022	$276,912	$252,078	$192,799	$24,834
2021	$235,334	$225,585	$207,174	$9,749
2020	$194,954	$175,573	$193,468	$19,381
2019	$210,197	$183,787	$145,938	$26,410
2018	$207,550	$130,452	$116,718	$77,098