MARYLAND FAMILY NETWORK 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

1986

Legal Domicile

Principal Officer

LAURA WEELDREYER

Phone

4106597701

Tax Period

2023-07-01 to 2024-06-30

MARYLAND FAMILY NETWORK INC, founded in 1986, is a mid-sized nonprofit in the Human Services sector that reported $37.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

MARYLAND FAMILY NETWORK (MFN) ENSURES THAT YOUNG CHILD HAVE STRONG FAMILIES, QUALITY LEARNING ENVIRONMENTS, AND A CHAMPION FOR THEIR INTERESTS. MFN'S GOAL IS TO ENHANCE AND EXPAND COMMUNITY BASED EFFORTS THAT SUPPORT FAMILIES AND CHILDCARE PROVIDERS WHO ARE RESPONSIBLE FOR THE CARE, DEVELOPMENT, AND EDUCATION OF VERY YOUNG CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $23,970,429 Revenue: $59,568

STRONG FAMILIES- MFN'S FAMILY SUPPORT AND EARLY HEAD START CENTERS IN LOCAL COMMUNITIES HELP CHILDREN LEARN AND HELP PARENTS EARN. THE NETWORK OF 14 FAMILY SUPPORT AND 19 EARLY HEAD START CENTERS...

STRONG FAMILIES- MFN'S FAMILY SUPPORT AND EARLY HEAD START CENTERS IN LOCAL COMMUNITIES HELP CHILDREN LEARN AND HELP PARENTS EARN. THE NETWORK OF 14 FAMILY SUPPORT AND 19 EARLY HEAD START CENTERS SERVED OVER 1,650 CHILDREN AGES RANGING FROM INFANT TO THREE YEARS OLD AND SUPPORTED OVER 1,450 PARENTS AND PREGNANT WOMEN IN REACHING THEIR GREATEST POTENTIAL THROUGH PEER-TO-PEER LEARNING OPPORTUNITIES AND BY FINISHING THEIR EDUCATION, ACQUIRING JOB READINESS SKILLS, BUILDING SOCIAL NETWORK, AND IMPROVING PARENTING SKILLS.

Program 2

Expenses: $9,717,011

QUALITY LEARNING ENVIRONMENTS- MFN'S CHILD CARE RESOURCE NETWORK CENTERS SUPPORT CHILDCARE PROFESSIONALS THROUGH TRAINING AND BUILDING CAPACITY FOR PROVIDING QUALITY CARE. CHILD CARE RESOURCE CENTERS CONDUCTED 1,390 TRAINING WORKSHOPS, 2,180 HOURS OF TECHNICAL ASSISTANCE, AND 5,110 HOURS OF PROFESSIONAL DEVELOPMENT IN THE FIELD OF CHILDCARE TO OVER 20,000 PARTICIPANTS. LOCATE: CHILD CARE SERVICE HELPS FAMILIES RECOGNIZE QUALITY AND FIND CHILDCARE TO MEET THEIR NEEDS. THROUGH TELEPHONE REFERRAL SERVICES AND ON-LINE SEARCHES, LOCATE: CHILD CARE HELPED FAMILIES FIND CARE FOR OVER 2,200 CHILDREN.

Program 3

Expenses: $736,780

A CHAMPION FOR THEIR INTERESTS- WITH STRONG ADVOCACY AND PUBLIC POLICY PRESENCE AT THE LOCAL, STATE, AND FEDERAL LEVELS, MFN LEADS THECHARGE FOR VERY YOUNG CHILDREN AND ALL THOSE CONCERNED WITH THEIR WELL-BEING. AFTER YEARS OF WORK, MARYLAND BECAME THE TENTH STATE (PLUS THE DISTRICT OF COLUMBIA) TO ESTABLISH PAID FAMILY AND MEDICAL LEAVE THROUGH THE "TIME TO CARE ACT OF 2022; THIS WILL PROVIDE PARTIAL WAGE REPLACEMENT FOR FAMILIES TAKING TIME AWAY FROM THEIR JOBS TO CARE FOR LOVED ONES. ANOTHER EIGHT PIECES OF LEGISLATION THAT FOCUSED ON THE NEEDS OF YOUNG CHILDREN, THEIR FAMILIES, AND CHILDCARE PROVIDERS ALSO WON PASSAGE IN 2022.

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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 $37,488,661

Program Service Revenue $38,561

Investment Income $131,022

Other Revenue $12,194

TOTAL REVENUE $37,670,438

Expense Breakdown

Grants Paid $27,346,388

Salaries & Benefits $4,657,742

Fundraising Expenses $31,222

Program Expenses $34,424,220

Other Expenses $5,433,856

TOTAL EXPENSES $37,437,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,670,438	$33,846,774	+0.1%
Expenses	$37,437,986	$31,594,136	+0.2%
Net Income	$232,452	$2,252,638	-0.9%

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

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

$232,971

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KESHA-SIMONE JONES	PRESIDENT	2.00	Officer Director	$0	$0	$0
DANIEL P MOYLAN	IMMEDIATE PAST PRESIDENT	2.00	Director	$0	$0	$0
JOANNE HAMPSON	FIRST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
R MICHAEL GILL JR	SECOND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ALEXANDER COSTOS	TREASURER	2.00	Officer Director	$0	$0	$0
TINA HIKE-HUBBARD	SECRETARY	2.00	Officer Director	$0	$0	$0
REGINALD COHEN	SECRETARY UNTIL 11/23	2.00	Officer Director	$0	$0	$0
J MICHAEL RILEY	PRESIDENT EMERITUS	2.00	Director	$0	$0	$0
AMANDA STAKEM CONN	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN M EAKES	DIRECTOR	2.00	Director	$0	$0	$0
BRYCE A TURNER	DIRECTOR	2.00	Director	$0	$0	$0
CARY MURRAY	DIRECTOR	2.00	Director	$0	$0	$0
CHERYL STEWART	DIRECTOR	2.00	Director	$0	$0	$0
DIXON H HARVEY	DIRECTOR	2.00	Director	$0	$0	$0
GREG STEVENS	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER IVERSON	NETWORK REPRESENTATIVE	2.00	Director	$0	$0	$0
JERRY BRYANT PHD	DIRECTOR	2.00	Director	$0	$0	$0
JOSHUA MICHAEL PHD	DIRECTOR	2.00	Director	$0	$0	$0
JUD SOKOL	DIRECTOR	2.00	Director	$0	$0	$0
LAWRENCE REID MPH PHD	DIRECTOR UNTIL 11/23	2.00	Director	$0	$0	$0
MORGAN COLEMAN	PARENT REPRESENTATIVE	2.00	Director	$0	$0	$0
NANCY S GRASMICK PHD	DIRECTOR-MEMBER EMERITUS	2.00	Director	$0	$0	$0
NICOLE KOZLOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
TIM LEWIS	DIRECTOR	2.00	Director	$0	$0	$0
TINA HIKE-HUBBARD	DIRECTOR	2.00	Director	$0	$0	$0
W DANIEL WHITE	DIRECTOR	2.00	Director	$0	$0	$0
WHITAKER LEVERING	DIRECTOR	2.00	Director	$0	$0	$0
MARY GUNNING	DIRECTOR UNTIL 11/23	2.00	Director	$0	$0	$0
MONIQUE COHEN PHD	DIRECTOR	2.00	Director	$0	$0	$0
SHANICE DERAMUS	PARENT REPRESENTATIVE	2.00	Director	$0	$0	$0
MARSHIEL BAKER	PARENT REPRESENTATIVE	2.00	Director	$0	$0	$0
BRENDAN HARMAN	DIRECTOR	2.00	Director	$0	$0	$0
LUCY HAUS	DIRECTOR	2.00	Director	$0	$0	$0
KELLEYE COHEN	DIRECTOR	2.00	Director	$0	$0	$0
LAURA WEELDREYER	EXECUTIVE DIRECTOR	40.00	Officer	$202,232	$30,739	$232,971
JENNIFER ANDIORIO	DIRECTOR OF DEVELOPMENT	40.00	Highest	$128,279	$14,004	$142,283
NELLIE POWER	CHIEF PROGRAM OFFICER	40.00	Highest	$135,572	$30,200	$165,772
CLINTON MACSHERRY	CHIEF STRATEGY OFFICER	40.00	Highest	$114,721	$14,050	$128,771
FAITH MILLER	EHS-PROGRAM DIRECTOR	40.00	Highest	$100,681	$17,128	$117,809

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	No data	No data	No data	No data
2024	$37,670,438	$37,437,986	$19,187,900	$232,452
2023	$33,846,774	$31,594,136	$13,696,870	$2,252,638
2022	$27,587,343	$27,948,306	$13,205,975	$-360,963
2021	$25,433,764	$25,415,614	$10,740,126	$18,150
2020	$23,722,408	$23,282,169	$10,822,962	$440,239
2019	$19,653,796	$19,573,016	$7,631,654	$80,780
2018	$18,981,793	$19,219,817	$7,107,810	$-238,024