MARYLAND CHAMBER FOUNDATION (EIN 521557804) - 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

1988

Legal Domicile

Principal Officer

WHITNEY HARMEL

Phone

4102690642

Tax Period

2024-01-01 to 2024-12-31

MARYLAND CHAMBER FOUNDATION, founded in 1988, is a small nonprofit in the Education sector that reported $152K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $51K, a strong 33% operating margin.

Mission

THE MARYLAND CHAMBER FOUNDATION IS FOCUSED ON THE RESEARCH AND EDUCATIONAL OBJECTIVES OF THE MARYLAND CHAMBER OF COMMERCE, INCLUDING ANALYSIS OF MARYLAND'S ECONOMY AND BUSINESS CLIMATE, TALENT PIPELINE AND ECONOMIC COMPETITIVENESS.

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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 $149,950

Program Service Revenue $0

Investment Income $2,022

Other Revenue $0

TOTAL REVENUE $151,972

Expense Breakdown

Grants Paid $32,500

Salaries & Benefits $49,582

Fundraising Expenses $0

Program Expenses $62,406

Other Expenses $19,304

TOTAL EXPENSES $101,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,972	$271,008	-0.4%
Expenses	$101,386	$242,251	-0.6%
Net Income	$50,586	$28,757	+0.8%

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

$501,436

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY KANE	PRESIDENT/CEO	1.00	Director	$0	$37,770	$297,305
JIM CANTOR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVEN EDWARDS	TREASURER	1.00	Officer Director	$0	$0	$0
WHITNEY HARMEL	DIRECTOR	9.00	Director	$0	$20,431	$204,131
BRANDON BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
FIONA ONG	COUNCEL	1.00	Officer Director	$0	$0	$0
MEL LITTER	DIRECTOR	1.00	Director	$0	$0	$0
TIM ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA ANDERSON	DIRECTOR	1.00	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
2024	$151,972	$101,386	$167,787	$50,586
2023	$271,008	$242,251	$114,852	$28,757
2022	$246,100	$270,552	$81,304	$-24,452
2021	$207,682	$249,446	$111,474	$-41,764

MARYLAND CHAMBER FOUNDATION