The Mainstay Inc

EIN: 522341260 501(c)(3) Recreation & Sports

Rock Hall, MD

Total Revenue
$277,782
Total Expenses
$247,914
Total Assets
$364,494
Net Assets
$364,294
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MD
Principal Officer
Robert B Miller
Phone
4106399133
Tax Period
2023-01-01 to 2023-12-31

The Mainstay Inc, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $278K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $248K left a modest 11% surplus.

Mission

The Mainstay, dedicated to performing arts education, features well-known national, international, and local musical artists. It is a unique venue for people who have a passion for music and desire to support the unique rural fishing community of Rock Hall. The Mainstay is accessable to the Eastern Shore and as well as Baltimore, Annapolis, Washington, DC, Wilmington, and Philadelphia.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $132,647
Program Service Revenue $131,565
Investment Income $1,240
Other Revenue $12,330
TOTAL REVENUE $277,782

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,263
Fundraising Expenses $0
Program Expenses $183,864
Other Expenses $156,651
TOTAL EXPENSES $247,914

Year-over-Year Comparison

2023 2022 Change
Revenue $277,782 $233,860 +0.2%
Expenses $247,914 $228,727 +0.1%
Net Income $29,868 $5,133 +4.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
10

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
$0
Total Directors
0
$0
Key Employees
1
$61,560
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Barbara Parker President 5.00
Officer
$0 $0 $0
Robert Dunlap Vice President 5.00
Officer
$0 $0 $0
Debra Woodruff Secretary 5.00
Officer
$0 $0 $0
Robert Miller Treasurer 5.00
Officer
$0 $0 $0
Brian Cole Board Member 2.00
$0 $0 $0
Karen Frison Board Member 2.00
$0 $0 $0
Adrian Cotton Board Member 2.00
$0 $0 $0
Mark Einstein Board Member 2.00
$0 $0 $0
Dave Sharp Board Member 2.00
$0 $0 $0
Julie Gill Board Member 2.00
$0 $0 $0
Regina Oliver Board Member 2.00
$0 $0 $0
Matt Mielnick Executive Director 40.00
Key Emp
$61,560 $0 $61,560
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 $277,782 $247,914 $364,494 $29,868
2022 $233,860 $228,727 $566,639 $5,133
2021 $373,306 $154,406 $561,733 $218,900
2020 $169,932 $151,459 $367,003 $18,473
2019 $229,457 $260,331 $339,901 $-30,874
2018 $234,201 $246,036 $364,804 $-11,835
Explore More Nonprofits
Top 100 Nonprofits in Maryland Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare The Mainstay Inc with other nonprofits in Maryland and across the country.