MID-ATLANTIC VENTURE ASSOCIATION INC

EIN: 521565676

WASHINGTON, DC

Total Revenue
$70,032
Total Expenses
$422,406
Total Assets
$45,159
Net Assets
$-529,120
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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
MD
Principal Officer
JULIA SPICER
Phone
2028470053
Tax Period
2022-01-01 to 2022-12-31

MID-ATLANTIC VENTURE ASSOCIATION INC, founded in 1987, is a micro nonprofit that reported $70K in total revenue in fiscal year 2022. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $422K exceeded revenue, resulting in a 503% operating deficit.

Mission

FOSTERS THE DEVELOPMENT AND GROWTH OF BUSINESS ENTERPRISE.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $70,000
Investment Income $32
Other Revenue $0
TOTAL REVENUE $70,032

Expense Breakdown

Grants Paid $0
Salaries & Benefits $287,771
Fundraising Expenses $0
Other Expenses $134,635
TOTAL EXPENSES $422,406

Year-over-Year Comparison

2022 2021 Change
Revenue $70,032 $326,081 -0.8%
Expenses $422,406 $473,549 -0.1%
Net Income $-352,374 $-147,468 +1.4%
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

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Governance

Voting Members
14
Independent Members
13
Employees
2
Volunteers
16

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
6
$168,465
Total Directors
14
$168,465
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA SPICER EXECUTIVE DIRECTOR, EXEC C 45.00
Officer Director
$148,183 $20,282 $168,465
MARK LEVINE CHAIRMAN (AND INTERIM TREA 1.00
Officer Director
$0 $0 $0
TODD KLEIN BOARD MEMBER, EXEC COMMITT 1.00
Officer Director
$0 $0 $0
MARK MALONEY BOARD MEMBER, EXEC COMMITT 1.00
Officer Director
$0 $0 $0
JONATHAN PERL BOARD MEMBER, EXEC COMMITT 1.00
Officer Director
$0 $0 $0
THOMAS ROBERTS BOARD MEMBER, EXEC COMMITT 1.00
Officer Director
$0 $0 $0
SID BANERJEE BOARD MEMBER 1.00
Director
$0 $0 $0
MARK ELLENBOGAN BOARD MEMBER 1.00
Director
$0 $0 $0
CARTER GRIFFIN BOARD MEMBER 1.00
Director
$0 $0 $0
WAYNE JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL LABRIOLA BOARD MEMBER, GENERAL COUN 1.00
Director
$0 $0 $0
BOB NYE BOARD MEMBER 1.00
Director
$0 $0 $0
KAY PARRY BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS WEITHMAN BOARD MEMBER 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
2022 $70,032 $422,406 $45,159 $-352,374
2021 $326,081 $473,549 $383,948 $-147,468
2020 $510,705 $638,502 $358,779 $-127,797
2019 $818,307 $705,153 $607,199 $113,154
2018 $678,819 $765,210 $199,720 $-86,391
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