THE MARYLAND STATE BOYCHOIR 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

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.

Program Service Accomplishments

Program 1

Expenses: $275,403 Revenue: $245,676

THE MARYLAND STATE BOYCHOIR CHORISTERS WERE INTERNATIONAL GOODWILL AMBASSADORS AS THEY VISITED CHILE ON THEIR 2025 SUMMER TOUR. IT WAS AN AMAZING TIME OF GROWTH FOR ALL THE CHORISTERS, STAFF, AND...

THE MARYLAND STATE BOYCHOIR CHORISTERS WERE INTERNATIONAL GOODWILL AMBASSADORS AS THEY VISITED CHILE ON THEIR 2025 SUMMER TOUR. IT WAS AN AMAZING TIME OF GROWTH FOR ALL THE CHORISTERS, STAFF, AND CHAPERONES. THE CONCERT CHOIR VISITED THE MIDWEST, SINGING IN CHICAGO, MILWAUKEE, MACKINAC ISLAND, AND NORTHERN MICHIGAN. THROUGH TOURING, MSB CHORISTERS CONTINUE TO DEVELOP A HIGH LEVEL OF SELFMOTIVATED LEARNING AND SELF-DISCIPLINE WHILE DEMONSTRATING MATURITY AND RESPONSIBILITY AS PERFORMERS. IN ADDITION TO THESE EXTENDED SUMMER TOURS, MSB CHOIRS PARTICIPATED IN FALL AND WINTER WEEKEND TOURS IN THE MID-ATLANTIC AS WELL AS THE YOUNG MEN'S CHORUS FEBRUARY TOUR TO GREENVILLE, SC AND GATLINBURG, TN.

Program 2

Expenses: $71,663

THE MSB RAN THE TRADITIONAL WEEKEND WINTER CAMP THAT ALL CHORISTERS ATTEND AS WELL AS HOSTED THE ANNUAL WEEK-LONG RESIDENTIAL SUMMER CAMP AT SHEPHERD UNIVERSITY. DURING TIME AT CAMP, THE BOYS LEARN NEW REPERTOIRE FOR UPCOMING TOURS AND FOR THE UPCOMING FALL SEASON. THEY ALSO PARTICIPATE IN A NUMBER OF MUSIC AND NON-MUSIC RELATED ELECTIVES, ENJOY PEER-TO-PEER INTERACTION, AND LEARN MANNERS AND SOCIAL SKILLS. THESE TWO CAMPS FOCUS ON TEACHING CHORISTERS SELF-RELIANCE, RESPONSIBILITY, AND INDEPENDENCE. IN THE ANNUAL RITUAL KNOWN AS "SUMMER CAMP," CHORISTERS LEARN HOW TO PUT ASIDE "ME AND BECOME THE REMARKABLE "WE" THAT IS THE KEY TO THE MARYLAND STATE BOYCHOIR.

Program 3

Expenses: $574,332 Revenue: $281,104

DURING THE CHORAL SEASON, THE ORGANIZATION TRAINED OVER 100 BOYS IN THE DEMANDING ART OF CHORAL SINGING THROUGH GROUP REHEARSALS AND INDIVIDUALIZED VOCAL LESSONS. TRAINING INCLUDES RECOGNIZING NOTE VALUES AND MUSIC NOTATIONS WITH AN EMPHASIS THAT MUSIC IS A LANGUAGE. THIS YEAR, THE MSB CONTINUED TO FOCUS MORE ON THEORY TRAINING AND MANY CHORISTERS PUT THEIR ALL INTO ADVANCING IN THEIR THEORY KNOWLEDGE. THE INDIVIDUAL DESIRE FOR EXCELLENCE LEADS TO A CULTURE OF COOPERATION AND MUTUAL SUPPORT AS THE CHOIR STRIVES TO PRODUCE THE BEST ENSEMBLE SOUND POSSIBLE.

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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