THE MARYLAND STATE BOYCHOIR INC (EIN 521541348) - 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

1987

Legal Domicile

Principal Officer

STEPHEN HOLMES

Phone

4105548644

Tax Period

2024-09-01 to 2025-08-31

THE MARYLAND STATE BOYCHOIR INC, founded in 1987, is a small nonprofit that reported $885K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 21% operating deficit.

Mission

THE MARYLAND STATE BOYCHOIR, INC. (MSB) WAS ESTABLISHED IN 1987 AND IS DEVOTED TO THE ARTISTIC DEVELOPMENT OF MARYLAND BOYS. MSB'S MISSION IS TO PROVIDE OPPORTUNITIES FOR TALENTED BOYS FROM ALL BACKGROUNDS TO DEVELOP THEIR MUSICAL AND SOCIAL SKILLS THROUGH A RIGOROUS PROGRAM OF INSTRUCTION AND CHORAL PERFORMANCES. MSB ALSO STRIVES TO SERVE THE BROADER COMMUNITY BY OFFERING FACILITIES FOR THE ARTS, CHILDREN AND YOUNG PEOPLE, RELIGIOUS GROUPS (INCLUDING THE CONGREGATION OF ST. MATTHEW UNITED CHURCH OF CHRIST, THE ORIGINAL OWNERS OF THE MARYLAND BOYCHOIR CENTER FOR THE ARTS), AND LOCAL RESIDENTS - PARTICULARLY THE MAYFIELD COMMUNITY.

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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 $359,833

Program Service Revenue $522,895

Investment Income $615

Other Revenue $2,132

TOTAL REVENUE $885,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $371,816

Fundraising Expenses $20,054

Program Expenses $921,398

Other Expenses $697,287

TOTAL EXPENSES $1,069,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$885,475	$930,358	0.0%
Expenses	$1,069,103	$1,162,881	-0.1%
Net Income	$-183,628	$-232,523	-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

Volunteers

138

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

$113,129

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
K DAVINA FRICK	CHAIR	5.00	Officer Director	$0	$0	$0
JENNIFER BELL-ELLWANGER	VICE CHAIR	4.00	Officer Director	$0	$0	$0
DONALD SPRATT	SECRETARY UNTIL 6/30/25	3.00	Officer Director	$0	$0	$0
BRIAN LYGHT	TREASURER	3.00	Officer Director	$0	$0	$0
DR JAMES ANTHONY	CHAIR EMERITUS	2.00	Director	$0	$0	$0
REVEREND EUGENE BARTELL	DIRECTOR UNTIL 6/30/25	2.00	Director	$0	$0	$0
BRANDON BOSS	DIRECTOR	2.00	Director	$0	$0	$0
ERNESTO CUADRA	DIRECTOR UNTIL 6/30/25	2.00	Director	$0	$0	$0
DR RICHARD DISHAROON	DIRECTOR	2.00	Director	$0	$0	$0
PUE FISHER	DIRECTOR	2.00	Director	$0	$0	$0
MARTIN GALLAGHER	DIRECTOR	2.00	Director	$0	$0	$0
PETER GARVER	DIRECTOR	2.00	Director	$0	$0	$0
LISA GIEL	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HOPKINS-GROSS	DIRECTOR	2.00	Director	$0	$0	$0
EILEEN RIVERA LEY	DIRECTOR	2.00	Director	$0	$0	$0
MARCO MERRICK	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS J RYBCZYNSKI	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN HOLMES	PRESIDENT & ARTISTIC DIREC	40.00	Officer	$97,611	$15,518	$113,129

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	$885,475	$1,069,103	$1,960,995	$-183,628
2024	$930,358	$1,162,881	$2,138,705	$-232,523
2023	$1,024,270	$1,159,608	$2,036,420	$-135,338
2022	$955,373	$1,150,701	$2,133,664	$-195,328
2021	$803,204	$708,158	$2,349,357	$95,046
2020	$937,150	$686,628	$2,456,792	$250,522
2019	$1,048,309	$879,849	$1,921,534	$168,460
2018	$819,342	$855,521	$1,736,220	$-36,179

THE MARYLAND STATE BOYCHOIR INC