Irish Charities of Maryland Inc (EIN 521862733) - 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

1994

Legal Domicile

Principal Officer

Kelly Parks

Phone

4104615239

Tax Period

2023-01-01 to 2023-12-31

Irish Charities of Maryland Inc, founded in 1994, is a small nonprofit in the Recreation & Sports sector that reported $196K in total revenue in fiscal year 2023. Revenue surged 8253% from the prior year, signaling strong growth momentum. The organization ran a surplus of $165K, a strong 84% operating margin.

Mission

See statement attached

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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 (2023)

Revenue Breakdown

Contributions & Grants $67,043

Program Service Revenue $0

Investment Income $1

Other Revenue $129,258

TOTAL REVENUE $196,302

Expense Breakdown

Grants Paid $13,428

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,428

Other Expenses $17,747

TOTAL EXPENSES $31,175

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,302	$2,350	+82.5%
Expenses	$31,175	$73,215	-0.6%
Net Income	$165,127	$-70,865	-3.3%

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

600

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
Daniel Mead	President	0.50	Officer Director	$0	$0	$0
Kelly L Parks	Treasurer	0.50	Officer Director	$0	$0	$0
Charles Donald Waters Jr	Director	0.50	Director	$0	$0	$0
James P Farace	Chairman	0.50	Officer Director	$0	$0	$0
Michael Willis	Vice President	0.50	Officer Director	$0	$0	$0
William Zittle	Director	0.50	Officer Director	$0	$0	$0
Gregory Heiderman	Director	0.50	Director	$0	$0	$0
Thomas J Lawler	Director	0.50	Director	$0	$0	$0
Mary B Connolly	Director	0.50	Director	$0	$0	$0
Devon Theic	Director	0.50	Director	$0	$0	$0
Michael Powers	Director	N/A	Director	$0	$0	$0
Eric Aycock	Director	0.50	Director	$0	$0	$0
Nancy Worley	Director	0.50	Director	$0	$0	$0
Laura Cadden	Director	0.50	Director	$0	$0	$0
Kathleen Norris	Director	0.50	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	No data	No data	No data	No data
2023	$196,302	$31,175	$130,206	$165,127
2022	$2,350	$73,215	$5,618	$-70,865
2021	$104,571	$30,819	$76,370	$73,752
2020	$23,243	$69,238	$21,244	$-45,995
2019	$67,718	$80,266	$119,941	$-12,548
2018	$153,710	$128,635	$76,637	$25,075

Irish Charities of Maryland Inc