THE PATUXENT PARTNERSHIP INC

EIN: 522056982 501(c)(3) Science & Technology

LEXINGTON PARK, MD

Total Revenue
$9,556,202
Total Expenses
$9,381,272
Total Assets
$4,269,517
Net Assets
$2,697,267
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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
MD
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.

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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 $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

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Governance

Voting Members
15
Independent Members
15
Employees
137
Volunteers
40

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
6
$200,408
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
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
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