MD SOCIETY OF ACCOUNTANTS INC (EIN 521542954) - 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

Phone

8009229672

Tax Period

2024-07-01 to 2025-06-30

MD SOCIETY OF ACCOUNTANTS INC, founded in 1987, is a micro nonprofit that reported $18K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $82K exceeded revenue, resulting in a 343% operating deficit.

Mission

AWARD SCHOLARSHIPS TO STUDENTS STUDYING ACCOUNTING AND ATTENDING COLLEGES / UNIVERSTITIES IN THE STATE OF MARYLAND

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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 $3,979

Program Service Revenue $0

Investment Income $12,184

Other Revenue $2,294

TOTAL REVENUE $18,457

Expense Breakdown

Grants Paid $74,375

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,679

Other Expenses $7,304

TOTAL EXPENSES $81,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,457	$26,397	-0.3%
Expenses	$81,679	$31,855	+1.6%
Net Income	$-63,222	$-5,458	+10.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM L FRICK	PRESIDENT TREASURER	1.00	Officer Director	$0	$0	$0
DAVID CHURCHMAN	DIRECTOR	0.50	Director	$0	$0	$0
JAMES ARNIE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ROBERT MEDBERY	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER POWELL	DIRECTOR	0.50	Director	$0	$0	$0

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	$18,457	$81,679	$366,112	$-63,222
2024	$26,397	$31,855	$400,409	$-5,458
2023	$23,168	$20,478	$375,025	$2,690
2022	$48,626	$17,029	$352,425	$31,597
2021	$21,494	$33,632	$401,690	$-12,138
2020	$25,455	$36,932	$351,020	$-11,477
2019	$28,701	$31,142	$358,834	$-2,441
2018	$20,173	$41,472	$343,799	$-21,299

MD SOCIETY OF ACCOUNTANTS INC