MARYLAND FREE ENTERPRISE FOUNDATION INC FKA MD BUSINESS FOR RESPONSIVE GOV'T (EIN 521428852) - 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

DUANE CAREY

Phone

4102806274

Tax Period

2023-10-01 to 2024-09-30

MARYLAND FREE ENTERPRISE FOUNDATION INC FKA MD BUSINESS FOR RESPONSIVE GOV'T, founded in 1985, is a micro nonprofit that reported $75K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $124K exceeded revenue, resulting in a 66% operating deficit.

Mission

EDUCATION OF BUSINESS COMMUNITY IN REGARD TO STATE AND LOCAL POLITICS.

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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 $75,085

Investment Income $0

Other Revenue $0

TOTAL REVENUE $75,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $124,384

TOTAL EXPENSES $124,384

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,085	$143,098	-0.5%
Expenses	$124,384	$208,740	-0.4%
Net Income	$-49,299	$-65,642	-0.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK CISSELL	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT DORSEY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
HONORABLE ELLEN R SAUERBRAY	CHAIR EMERITUS	1.00	Officer Director	$0	$0	$0
CARVILLE COLLINS	COUNSEL	1.00	Officer Director	$0	$0	$0
JAY STEINMETZ	PAC CHAIR	1.00	Officer Director	$0	$0	$0
STEVE WOLF	TREASURER	1.00	Officer Director	$0	$0	$0
TIM BOJANOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF RIVES	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRK KOVACK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID MCMANUS	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCIS KELLY III	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM KELLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL SKALNY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINA ENSLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL CLARY	SECRETARY	1.00	Officer Director	$0	$0	$0
DUANE CAREY	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIMBERLY PRESCOTT	BOARD MEMBER	0.00	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
2024	$75,085	$124,384	$65,605	$-49,299
2023	$143,098	$208,740	$118,619	$-65,642
2022	$197,878	$213,733	$185,357	$-15,855
2021	$102,461	$172,451	$200,982	$-69,990
2020	$119,291	$153,604	$271,784	$-34,313
2018	$221,993	$158,832	$296,403	$63,161

MARYLAND FREE ENTERPRISE FOUNDATION INC FKA MD BUSINESS FOR RESPONSIVE GOV'T