Maryland Association of Certified … - 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

1992

Legal Domicile

Principal Officer

Laura Swann

Phone

4102966250

Tax Period

2024-07-01 to 2025-06-30

Maryland Association of Certified Public Accountants Educational Foundation Inc, founded in 1992, is a small nonprofit in the Education sector that reported $185K in total revenue in fiscal year 2024. The organization ran a surplus of $46K, a strong 25% operating margin.

Mission

THE MACPA EDUCATIONAL FOUNDATION'S PURPOSE IS TO ENCOURAGE STUDENTS TO PURSUE CAREERS AS CERTIFIED PUBLIC ACCOUNTANTS AND TO CARRY ON CERTAIN CHARITABLE AND EDUCATIONAL ACTIVITIES OF THE MARYLAND ASSOCIATION OF CERTIFIED PUBLIC ACCOUNTANTS, INC (MACPA). THE FOUNDATION ALSO INCLUDES A CPA PIPELINE AND DIVERSITY AND INCLUSION INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $78,088 Revenue: $0

THE FOUNDATION PROVIDES SCHOLARSHIPS TO ACCOUNTING STUDENTS. 60 SCHOLARSHIPS WERE GIVEN BASED ON NEED, MERIT, AND THE DESIRE TO PURSUE A CAREER AS A CERTIFIED PUBLIC ACCOUNTANT AS WELL AS VARIOUS...

THE FOUNDATION PROVIDES SCHOLARSHIPS TO ACCOUNTING STUDENTS. 60 SCHOLARSHIPS WERE GIVEN BASED ON NEED, MERIT, AND THE DESIRE TO PURSUE A CAREER AS A CERTIFIED PUBLIC ACCOUNTANT AS WELL AS VARIOUS PIPELINE, DIVERSITY, AND INCLUSION INITIATIVES.

Program 2

Expenses: $46,274 Revenue: $0

THE FOUNDATION ENGAGED IN A SERIES OF EDUCATIONAL EVENTS AND OUTREACH PROGRAMS INCLUDING RECOGNITION EVENTS OF NEW CPAS AS WELL AS CELEBRATING THE ACHIEVEMENTS OF CURRENT PROFESSIONALS.

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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 $120,399

Program Service Revenue $0

Investment Income $42,724

Other Revenue $22,175

TOTAL REVENUE $185,298

Expense Breakdown

Grants Paid $78,564

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,362

Other Expenses $60,955

TOTAL EXPENSES $139,519

Year-over-Year Comparison

	2024	2023	Change
Revenue	$185,298	$180,557	+0.0%
Expenses	$139,519	$155,076	-0.1%
Net Income	$45,779	$25,481	+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

$434,248

Total Directors

$289,902

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBEKAH J BROWN OLSON	CEO	5.0	Officer Director	$0	$29,740	$289,902
LAURA SWANN	CFO	5.0	Officer	$0	$13,417	$144,346
KIMBERLY-ELLISON TAYLOR	CHAIR	0.2	Officer Director	$0	$0	$0
AVONETTE BLANDING	DIRECTOR	0.2	Director	$0	$0	$0
ANOOP MEHTA	DIRECTOR	0.2	Director	$0	$0	$0
DR SATINA WILLIAMS	DIRECTOR	0.2	Director	$0	$0	$0
MAXENE BARDWELL	DIRECTOR	0.2	Director	$0	$0	$0
PAT SEITZ	DIRECTOR	0.2	Director	$0	$0	$0
MELISSA TARKETT	DIRECTOR	0.2	Director	$0	$0	$0
MATTHEW KEADLE	DIRECTOR	0.2	Director	$0	$0	$0
ARNOLD FARMER	DIRECTOR	0.2	Director	$0	$0	$0
SAVEDRA SCOTT	DIRECTOR	0.2	Director	$0	$0	$0
ADRIANO LIME E SILVA	DIRECTOR	0.2	Director	$0	$0	$0
THOMAS WHITE	DIRECTOR	0.2	Director	$0	$0	$0
PATRICK BYER	DIRECTOR	0.2	Director	$0	$0	$0
HERB GEARY	DIRECTOR	0.2	Director	$0	$0	$0
GEORGE WILLIE	DIRECTOR	0.2	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	$185,298	$139,519	$861,052	$45,779
2024	$180,557	$155,076	$769,993	$25,481
2023	$131,269	$110,665	$688,305	$20,604
2022	$187,000	$59,483	$630,802	$127,517
2021	$84,225	$15,707	$634,652	$68,518
2020	$40,112	$93,650	$502,174	$-53,538
2019	$107,641	$8,551	$514,576	$99,090

Maryland Association of Certified Public Accountants Educational Foundation Inc