THE BANKRUPTCY BAR ASSOCIATION FOR… - Form 990 Financial Data

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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

JUSTIN FASANO

Phone

3014412420

Tax Period

2024-07-01 to 2025-06-30

THE BANKRUPTCY BAR ASSOCIATION FOR THE DISTRICT OF MARYLAND INC (PKH), founded in 1988, is a small nonprofit that reported $110K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $104K left a modest 6% surplus.

Mission

TO ADVANCE THE INTEREST OF ATTORNEYS ENGAGED IN THE PRACTICE OF BANKRUPTCY LAW.

Program Service Accomplishments

Program 1

THE ORGANIZATION'S PRIMARY OBJECTIVE IS TO PROMOTE THE INTEREST OF THE BANKRUPTCY PROFESSION.

Program 2

THE ORGANIZATION PROVIDES AN ANNUAL SEMINAR AND RECEPTION, AND VARIOUS MEETINGS TO UPDATE ITS MEMBERS OF CURRENT BANKRUPTCY TOPICS AND RECENT CASE DECISIONS.

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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 $0

Program Service Revenue $110,065

Investment Income $0

Other Revenue $0

TOTAL REVENUE $110,065

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $94,696

TOTAL EXPENSES $103,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,065	$120,975	-0.1%
Expenses	$103,696	$94,634	+0.1%
Net Income	$6,369	$26,341	-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

N/A

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
JESSICA DUVALL	DIRECTOR	3.00	Director	$0	$0	$0
TERRI LOWERY	DIRECTOR	3.00	Director	$0	$0	$0
ANGELA L SHORTALL	CHAPTER EVENTS CHAIR	3.00	Director	$0	$0	$0
DAVID G SOMMER	IMMEDIATE PAST PRESIDENT	3.00	Director	$0	$0	$0
JOHN C SCHROPP	JOINT EVENTS CHAIR	3.00	Director	$0	$0	$0
DONALD BELL	CHAPTER EVENTS ASST CHAIR	3.00	Director	$0	$0	$0
JUSTIN FASANO	PRESIDENT	3.00	Officer	$0	$0	$0
BRADLEY J SWALLOW	PRESIDENT ELECT	3.00	Officer	$0	$0	$0
MARGUERITE DEVOLL	SECRETARY	3.00	Officer	$0	$0	$0
LAURA S BOUYEA	ASST SECRETARY	3.00	Officer	$0	$0	$0
AUGUSTUS CURTIS	TREASURER	3.00	Officer	$0	$0	$0
DENNIS SHAFFER	ASST TREASURER	3.00	Officer	$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	$110,065	$103,696	$88,198	$6,369
2024	No data	No data	No data	No data
2023	$80,247	$88,602	$55,488	$-8,355
2022	$50,716	$66,373	$63,843	$-15,657
2021	$28,531	$20,972	$79,500	$7,559
2020	$28,005	$39,214	$71,941	$-11,209
2019	$84,274	$81,404	$83,150	$2,870
2018	$74,331	$95,224	$80,280	$-20,893

THE BANKRUPTCY BAR ASSOCIATION FOR THE DISTRICT OF MARYLAND INC (PKH)