THE PATUXENT PARTNERSHIP INC

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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

1997

Legal Domicile

Principal Officer

SCOTT WHITE

Phone

3018661739

Tax Period

2024-10-01 to 2025-09-30

THE PATUXENT PARTNERSHIP INC, founded in 1997, is a community nonprofit in the Science & Technology sector that reported $9.6M in total revenue in fiscal year 2024.

Mission

THE PATUXENT PARTNERSHIP IS DEDICATED TO THE DEVELOPMENT OF THE TECHNOLOGY COMMUNITY IN SOUTHERN MARYLAND BY PARTNERING GOVERNMENT, ACADEMIA, AND THE PRIVATE SECTOR.

Program Service Accomplishments

Program 1

Expenses: $8,353,097

THE PATUXENT PARTNERSHIP (TPP) IS A NON-PROFIT MEMBER ORGANIZATION THAT WORKS WITH GOVERNMENT, INDUSTRY AND ACADEMIA TO ADVANCE EDUCATION THROUGH STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH)...

THE PATUXENT PARTNERSHIP (TPP) IS A NON-PROFIT MEMBER ORGANIZATION THAT WORKS WITH GOVERNMENT, INDUSTRY AND ACADEMIA TO ADVANCE EDUCATION THROUGH STEM (SCIENCE, TECHNOLOGY, ENGINEERING AND MATH) BASED INITIATIVES, TO ADVANCE TECHNOLOGY AND TECHNOLOGY TRANSFER THROUGH PROGRAMS AND NETWORKING, THE EXCHANGE OF IDEAS, INFORMATION AND DATA RELATED TO TECHNOLOGIES, AND TO INCREASE OPPORTUNITIES WORKFORCE DEVELOPMENT THROUGH APPRENTICESHIPS, INTERNSHIPS, CAMPS AND OTHER PROJECTS. TPP FOSTERS COOPERATION AND COLLABORATION WITH ACADEMIA, PRIVATE INDUSTRY AND GOVERNMENT, BRINGING TOGETHER THE KEY ECONOMIC DRIVERS IN SOUTHERN MARYLAND TO COLLABORATE ON GROWTH FOR THE BETTERMENT OF ALL.

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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 $177,863

Program Service Revenue $9,276,107

Investment Income $60,840

Other Revenue $41,392

TOTAL REVENUE $9,556,202

Expense Breakdown

Grants Paid $560,607

Salaries & Benefits $8,006,775

Fundraising Expenses $0

Program Expenses $8,353,097

Other Expenses $813,890

TOTAL EXPENSES $9,381,272

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,556,202	$9,202,893	+0.0%
Expenses	$9,381,272	$9,047,610	+0.0%
Net Income	$174,930	$155,283	+0.1%

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

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

137

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

$200,408

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT WHITE	PRESIDENT	2.00	Officer Director	$0	$0	$0
MIKE MORGAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
APRIL TSIRIGOTIS	TREASURER	1.00	Officer Director	$0	$0	$0
TROY TOWNSEND	SECRETARY	1.00	Officer Director	$0	$0	$0
BERT JOHNSTON	AT-LARGE	1.00	Officer Director	$0	$0	$0
DOUG BELVIN	MEMBER	1.00	Director	$0	$0	$0
PHIL FICKES	MEMBER	1.00	Director	$0	$0	$0
MARK GOODRICH	MEMBER	1.00	Director	$0	$0	$0
WADE MCCONVEY	MEMBER	1.00	Director	$0	$0	$0
DALE MOORE	MEMBER	1.00	Director	$0	$0	$0
DAN PAPP	MEMBER	1.00	Director	$0	$0	$0
TOM SANDERS	MEMBER	1.00	Director	$0	$0	$0
BONNIE GREEN	EXECUTIVE DI	40.00	Officer	$189,890	$10,518	$200,408
MATT SCASSERO	MEMBER	1.00	Director	$0	$0	$0
SHEEBAH SMITH	MEMBER	1.00	Director	$0	$0	$0
YOLANDA WILSON	MEMBER	1.00	Director	$0	$0	$0
J BIANCO	IPA EMPLOYEE	40.00	Highest	$235,249	$6,061	$241,310
M BOTTS	IPA EMPLOYEE	40.00	Highest	$239,228	$15,804	$255,032
D DESROCHERS	IPA EMPLOYEE	40.00	Highest	$221,547	$31,199	$252,746
M DODD	IPA EMPLOYEE	40.00	Highest	$201,431	$623	$202,054
W KILLEA	IPA EMPLOYEE	40.00	Highest	$189,811	$561	$190,372

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	$9,556,202	$9,381,272	$4,269,517	$174,930
2024	$9,202,893	$9,047,610	$4,114,641	$155,283
2023	$7,486,941	$7,382,974	$3,938,081	$103,967
2022	$6,374,195	$6,632,188	$2,842,060	$-257,993
2021	$7,740,431	$7,613,845	$3,495,924	$126,586
2020	$6,435,400	$6,338,260	$3,261,162	$97,140
2019	$7,311,480	$7,284,624	$3,007,590	$26,856