MARYLAND CAPITAL ENTERPRISES INC

EIN: 522113016 501(c)(3) Human Services

SALISBURY, MD

Total Revenue
$5,011,458
Total Expenses
$2,310,091
Total Assets
$23,479,035
Net Assets
$20,164,148
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MD
Principal Officer
MAURICE AMES
Phone
4105461900
Tax Period
2024-10-01 to 2025-09-30

MARYLAND CAPITAL ENTERPRISES INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $5.0M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $2.7M, a strong 54% operating margin.

Mission

WE EMPOWER BUSINESSES TO GROW, CREATE JOBS AND GENERATE WEALTH ON MARYLAND'S EASTERN SHORE AND ACROSS THE STATE.

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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 $3,923,621
Program Service Revenue $117,126
Investment Income $977,751
Other Revenue $-7,040
TOTAL REVENUE $5,011,458

Expense Breakdown

Grants Paid $0
Salaries & Benefits $848,918
Fundraising Expenses $0
Program Expenses $2,052,346
Other Expenses $1,461,173
TOTAL EXPENSES $2,310,091

Year-over-Year Comparison

2024 2023 Change
Revenue $5,011,458 $6,094,228 -0.2%
Expenses $2,310,091 $1,946,518 +0.2%
Net Income $2,701,367 $4,147,710 -0.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
14
Volunteers
N/A

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
4
$87,687
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN KEUNNEN BOARD CHAIRMAN 2.00
Officer Director
$0 $0 $0
OLIVER WATERS TREASURER 2.00
Officer Director
$0 $0 $0
KELLY REW SECRETARY 2.00
Officer Director
$0 $0 $0
DEBBIE ABBOTT DIRECTOR 2.00
Director
$0 $0 $0
JOHN HICKMAN DIRECTOR 2.00
Director
$0 $0 $0
LAMONTE COOKE DIRECTOR 2.00
Director
$0 $0 $0
ROB DAVIS CPA DIRECTOR 2.00
Director
$0 $0 $0
J MICHAEL COTTINGHAM DIRECTOR 2.00
Director
$0 $0 $0
MEREDITH MEARS DIRECTOR 2.00
Director
$0 $0 $0
RONALD MOLOCK DIRECTOR 2.00
Director
$0 $0 $0
CARLTON STANLEY DIRECTOR 2.00
Director
$0 $0 $0
DORIS MASON DIRECTOR 2.00
Director
$0 $0 $0
MAURICE AMES EXECUTIVE DIRECTOR 40.00
Officer
$87,687 $0 $87,687
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 $5,011,458 $2,310,091 $23,479,035 $2,701,367
2024 $6,094,228 $1,946,518 $21,295,611 $4,147,710
2023 $4,711,871 $1,484,746 $17,669,403 $3,227,125
2022 $4,365,107 $2,142,434 $14,370,927 $2,222,673
2021 $4,572,736 $2,068,444 $12,872,521 $2,504,292
2020 $1,040,258 $808,698 $10,144,876 $231,560
2019 $1,069,001 $962,028 $9,536,733 $106,973
2018 $1,657,253 $768,301 $9,868,358 $888,952
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