CHESAPEAKE BAY TRUST

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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

BRIAN M HART

Phone

4109742941

Tax Period

2024-07-01 to 2025-06-30

CHESAPEAKE BAY TRUST, founded in 1985, is a mid-sized nonprofit that reported $36.0M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $32.8M left a modest 9% surplus.

Mission

CHESAPEAKE BAY TRUST IS A PUBLIC, NONPROFIT GRANT-MAKING ORGANIZATION CREATED TO PROMOTE PUBLIC AWARENESS OF AND PARTICIPATION IN THE RESTORATION AND PROTECTION OF THE CHESAPEAKE BAY AND ITS TRIBUTARIES. (SEE SCHEDULE O FOR CONTINUATION) SINCE ITS ESTABLISHMENT IN 1985 BY THE MARYLAND GENERAL ASSEMBLY, THE TRUST HAS AWARDED MORE THAN $140 MILLION IN THE AREAS OF ENVIRONMENTAL EDUCATION, ON-THE-GROUND RESTORATION AND COMMUNITY OUTREACH.

Program Service Accomplishments

Program 1

Expenses: $15,626,244

RESTORATION PROGRAMS: ENCOURAGING OUTREACH AND COMMUNITY ENGAGEMENT ACTIVITIES THAT INCREASE STEWARDSHIP ETHIC OF NATURAL RESOURCES AND ON-THE-GROUND RESTORATION ACTIVITIES THAT DEMONSTRATE...

RESTORATION PROGRAMS: ENCOURAGING OUTREACH AND COMMUNITY ENGAGEMENT ACTIVITIES THAT INCREASE STEWARDSHIP ETHIC OF NATURAL RESOURCES AND ON-THE-GROUND RESTORATION ACTIVITIES THAT DEMONSTRATE RESTORATION TECHNIQUES AND ENGAGING RESIDENTS IN THE RESTORATION AND PROTECTION OF THE CHESAPEAKE BAY AND ITS RIVERS.

Program 2

Expenses: $14,432,263

COMMUNITY STEWARDSHIP: INCREASING PUBLIC AWARENESS AND INVOLVEMENT IN ACTIVITIES THAT RESTORE AND PROMOTE MARYLAND'S NATURAL RESOURCES.

Program 3

Expenses: $950,867

ENVIRONMENTAL EDUCATION: STRIVING TO ADVANCE KINDERGARTEN THROUGH TWELFTH GRADE ENVIRONMENTAL EDUCATION THROUGH EXPERIENTIAL LEARNING, OUTDOOR EXPERIENCES AND CURRICULUM DEVELOPMENT.

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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 $34,248,101

Program Service Revenue $0

Investment Income $1,771,414

Other Revenue $23,009

TOTAL REVENUE $36,042,524

Expense Breakdown

Grants Paid $27,635,394

Salaries & Benefits $4,092,246

Fundraising Expenses $849,836

Program Expenses $31,009,374

Other Expenses $1,089,122

TOTAL EXPENSES $32,816,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,042,524	$28,427,407	+0.3%
Expenses	$32,816,762	$26,556,750	+0.2%
Net Income	$3,225,762	$1,870,657	+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

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

$379,988

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH E FARREN	CHAIR	10.00	Officer Director	$0	$0	$0
BRIAN M HART	TREASURER	5.00	Officer Director	$0	$0	$0
JOSH KURTZ	SECRETARY	5.00	Officer Director	$0	$0	$0
ALEXANDER G NUNEZ ESQ	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
CORETTA BENNETT	TRUSTEE	5.00	Director	$0	$0	$0
JASON D KEPPLER	TRUSTEE	5.00	Director	$0	$0	$0
JEFFREY HORTSMAN	TRUSTEE	5.00	Director	$0	$0	$0
HENRY H HOPKINS ESQ	TRUSTEE	5.00	Director	$0	$0	$0
HON DAVID FRASER-HIDALGO	TRUSTEE	5.00	Director	$0	$0	$0
DR ASTRID CALDAS	TRUSTEE	5.00	Director	$0	$0	$0
ALLAN HOUSE	TRUSTEE	5.00	Director	$0	$0	$0
HON CHRISTOPHER M CORCHIARINO	TRUSTEE	5.00	Director	$0	$0	$0
MATTHEW ROWE	TRUSTEE	5.00	Director	$0	$0	$0
HON SENATOR PAMELA BEIDLE	TRUSTEE	5.00	Director	$0	$0	$0
THOMASINA POIROT ESQ	TRUSTEE	5.00	Director	$0	$0	$0
DAVID NEMAZIE	TRUSTEE	5.00	Director	$0	$0	$0
JOE KOCH	TRUSTEE	5.00	Director	$0	$0	$0
JEFFREY A MASON	TRUSTEE	5.00	Director	$0	$0	$0
VERNICE MILLER-TRAVIS	TRUSTEE	5.00	Director	$0	$0	$0
JANA L DAVIS PHD	PRESIDENT	40.00	Officer	$197,828	$18,231	$216,059
JEANNE NELSON	VP OF FINANCE AND ADMINISTRATION	40.00	Officer	$142,095	$21,834	$163,929
SADIE R DRESCHER	VP OF PROGRAMS FOR RESTORATION	40.00	Highest	$131,450	$17,281	$148,731
KACEY M WETZEL	VP OF PROG. FOR OUTREACH/EDUCATION	40.00	Highest	$135,749	$17,424	$153,173
SUZANNE ARMSTRONG	FORMER VP OF DEVELOPMENT	40.00		$114,908	$28,020	$142,928

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	$36,042,524	$32,816,762	$52,181,608	$3,225,762
2024	$28,427,407	$26,556,750	$42,961,240	$1,870,657
2023	$22,229,296	$20,192,027	$35,658,902	$2,037,269
2022	$15,960,669	$13,845,967	$22,649,655	$2,114,702
2021	$16,535,604	$14,640,571	$21,830,338	$1,895,033
2020	$14,345,012	$13,410,260	$19,612,597	$934,752
2019	$12,176,829	$12,544,289	$18,733,467	$-367,460