CHESAPEAKE BAY TRUST

EIN: 521454182 501(c)(3)

ANNAPOLIS, MD

Total Revenue
$36,042,524
Total Expenses
$32,816,762
Total Assets
$52,181,608
Net Assets
$25,396,430
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MD
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 (CONTINUATION SCH. O) CREATED TO PROMOTE PUBLIC AWARENESS OF AND PARTICIPATION IN THE RESTORATION AND PROTECTION OF THE CHESAPEAKE BAY AND ITS TRIBUTARIES. 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.

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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%)

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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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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
19
Employees
56
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
6
$379,988
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
2
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
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