MARYLAND MILLION LTD (EIN 521405980) - 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

1985

Legal Domicile

Principal Officer

CRICKET GOODALL

Phone

4102522100

Tax Period

2024-11-01 to 2025-10-31

MARYLAND MILLION LTD, founded in 1985, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

PROMOTION OF MARYLAND THOROUGHBRED HORSE BREEDING AND RACING INDUSTRY.

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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 $392,156

Program Service Revenue $1,253,371

Investment Income $3,552

Other Revenue $-54,864

TOTAL REVENUE $1,594,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,565,820

TOTAL EXPENSES $1,565,820

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,594,215	$1,736,089	-0.1%
Expenses	$1,565,820	$1,556,036	+0.0%
Net Income	$28,395	$180,053	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J WILLIAM BONIFACE	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM K BONIFACE	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL J HARRISON DVM	DIRECTOR	2.00	Director	$0	$0	$0
JOHN FOSTER	DIRECTOR	2.00	Director	$0	$0	$0
EH WORTHINGTON IV	DIRECTOR	2.00	Director	$0	$0	$0
DONALD A MILLER JR	DIRECTOR	2.00	Director	$0	$0	$0
JAMES B STEELE JR	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY L KEEFE	DIRECTOR	2.00	Director	$0	$0	$0
BILL KNAUF	DIRECTOR	2.00	Director	$0	$0	$0
TK KUEGLER	PRESIDENT	3.00	Officer Director	$0	$0	$0
ERIC LONG	DIRECTOR	2.00	Director	$0	$0	$0
ANN MERRYMAN	DIRECTOR	2.00	Director	$0	$0	$0
GARRETT MURRAY	DIRECTOR	2.00	Director	$0	$0	$0
KENT A MURRAY	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
PAUL O'LOUGHLIN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL PONS	DIRECTOR	2.00	Director	$0	$0	$0
GINA ROBB	DIRECTOR	2.00	Director	$0	$0	$0
PHIL SCHOENTHAL	DIRECTOR	2.00	Director	$0	$0	$0
KATHARINE M VOSS	SECRETARY TR	3.00	Officer 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	$1,594,215	$1,565,820	$1,254,194	$28,395
2024	$1,736,089	$1,556,036	$1,788,914	$180,053
2023	$1,747,016	$1,604,543	$1,337,904	$142,473
2022	$1,752,570	$1,607,725	$1,964,971	$144,845
2021	$1,770,484	$1,518,824	$1,738,943	$251,660
2020	$1,413,381	$1,413,197	$1,455,674	$184
2019	$1,936,648	$1,936,101	$1,697,625	$547
2018	$1,863,338	$1,863,394	$1,730,031	$-56
2018	$1,837,838	$1,863,394	$1,704,531	$-25,556

MARYLAND MILLION LTD