INTERFAITH SERVICE COALITION OF HANCOCK MARYLAND INC

EIN: 521679419 501(c)(3)

HANCOCK, MD

Total Revenue
$459,481
Total Expenses
$457,251
Total Assets
$1,056,604
Net Assets
$1,045,463
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MD
Principal Officer
JERRY W SPESSARD
Phone
3016786605
Tax Period
2023-01-01 to 2023-12-31

INTERFAITH SERVICE COALITION OF HANCOCK MARYLAND INC, founded in 1990, is a small nonprofit that reported $459K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Net assets of $1.0M represent 27 months of operating reserves.

Mission

THE ORGANIZATION ASSISTS LOCAL INDIVIDUALS AND FAMILIES IN NEED: PHYSICALLY, ECONOMICALLY, EMOTIONALLY, AND SPIRITUALLY. THIS IS DONE WITHOUT RESTRICTION TO RACE, RELIGIOUS BELIEF, NATIONAL ORIGIN, GENDER, AGE, HANDICAP, OR POLITICAL AFFILIATION. IN PROVIDING ASSISTANCE, THE ORGANIZATION IS COMMITTED TO PROMOTING INDIVIDUAL DIGNITY AND SELF-WORTH AND TO ENCOURAGING AND SUPPORTING INDIVIDUALS AND FAMILIES IN HELPING THEMSELVES AND OTHERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $244,588
Program Service Revenue $184,120
Investment Income $7,685
Other Revenue $23,088
TOTAL REVENUE $459,481

Expense Breakdown

Grants Paid $0
Salaries & Benefits $156,925
Fundraising Expenses $0
Program Expenses $402,238
Other Expenses $300,326
TOTAL EXPENSES $457,251

Year-over-Year Comparison

2023 2022 Change
Revenue $459,481 $313,186 +0.5%
Expenses $457,251 $341,937 +0.3%
Net Income $2,230 $-28,751 -1.1%
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

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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
10
Independent Members
9
Employees
5
Volunteers
25

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
4
$77,414
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY SPESSARD PRESIDENT 1.00
Officer Director
$0 $0 $0
LINDA MCCARTY VICE PRESIDENT/TREASURER 1.00
Officer Director
$0 $0 $0
MELINDA GOLDEN DIRECTOR 1.00
Director
$0 $0 $0
PASTOR BECKI WESSINGER DIRECTOR 1.00
Director
$0 $0 $0
DEBBIE MURPHY DIRECTOR 1.00
Director
$0 $0 $0
SHAWN FAITH DIRECTOR 1.00
Director
$0 $0 $0
JANUARY WEBER DIRECTOR 1.00
Director
$0 $0 $0
TERESA MARTIN-MINNICH SECRETARY 1.00
Officer Director
$0 $0 $0
VIRGINIA STALEY DIRECTOR 1.00
Director
$0 $0 $0
DEBORAH S COHILL EXECUTIVE DIRECTOR 40.00
Officer
$75,414 $2,000 $77,414
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 No data No data No data No data
2023 $459,481 $457,251 $1,056,604 $2,230
2022 $313,186 $341,937 $1,076,302 $-28,751
2021 $347,788 $278,080 $1,118,995 $69,708
2020 $336,322 $270,947 $1,045,023 $65,375
2019 $447,975 $322,039 $1,053,395 $125,936
2019 $436,029 $319,415 $1,042,780 $116,614
2018 $344,029 $238,659 $877,176 $105,370
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