MARYLAND HEALTH CARE PRODUCT DEVELOPMENT CORPORATION

EIN: 521900080 501(c)(3) Community Improvement

ROCKVILLE, MD

Total Revenue
N/A
Total Expenses
$6,723
Total Assets
$2,764,108
Net Assets
$2,730,216
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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
MD
Principal Officer
KELLY SCHULZ
Phone
2402434026
Tax Period
2024-07-01 to 2025-06-30

Mission

TO SUPPORT THE COMMERCIALIZATION OF EXISTING TECHNOLOGIES AND TO CREATE VIABLE NEW HEALTH CARE PRODUCTS AND BUSINESSES IN MARYLAND AND THE SURROUNDING REGION.

Program Service Accomplishments

Program 1

BUILD STRONGER TECHNOLOGY AND LIFE SCIENCE COMMUNITIES IN MARYLAND BY NURTURING A HEALTHY AND VIBRANT ENVIRONMENT WHERE MEMBERS CAN CONNECT AND PROSPER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $6,723
TOTAL EXPENSES $6,723

Year-over-Year Comparison

2024 2023 Change
Revenue N/A N/A N/A
Expenses $6,723 $7,809 -0.1%
Net Income N/A $-7,809 N/A
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
2
Independent Members
1
Employees
N/A
Volunteers
3

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
1
$287,596
Total Directors
2
$209,741
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN L MELTZER DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE FERRONE DIRECTOR 1.00
Director
$0 $21,270 $209,741
KELLY SCHULZ CEO 1.50
Officer
$0 $24,088 $287,596
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 No data $6,723 $2,764,108 No data
2024 No data $7,809 $2,764,108 No data
2023 No data $5,971 $2,764,108 No data
2022 No data $6,807 $2,764,108 No data
2021 No data $18,845 $2,766,671 No data
2020 No data $17,814 $2,776,371 No data
2019 No data $12,877 $2,794,185 No data
2018 No data $12,537 $2,807,468 No data
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