Frostburg First - A Maryland Main St Community Inc (EIN 522351834) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

Jenni Georgeson

Phone

3016896900

Tax Period

2024-07-01 to 2025-06-30

Frostburg First - A Maryland Main St Community Inc, founded in 2019, is a small nonprofit in the Human Services sector that reported $382K in total revenue in fiscal year 2024. Revenue surged 97% from the prior year, signaling strong growth momentum.

Mission

Organization serves to stimulate downtown revitalization in Frostburg, MD. Events held to promote downtown development and stimulation

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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 $381,752

Program Service Revenue $0

Investment Income $632

Other Revenue $0

TOTAL REVENUE $382,384

Expense Breakdown

Grants Paid $253,544

Salaries & Benefits $53,548

Fundraising Expenses $0

Program Expenses $259,443

Other Expenses $105,293

TOTAL EXPENSES $412,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$382,384	$193,691	+1.0%
Expenses	$412,385	$201,452	+1.0%
Net Income	$-30,001	$-7,761	+2.9%

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

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

Total Directors

$89,175

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clory Jackson	Presdent	15.00	Officer	$0	$0	$0
Meagan Guthrie	Vice Preisdent	10.00	Officer	$0	$0	$0
Bethany Fife	Secretary	10.00	Officer	$0	$0	$0
Joseph Hoffman	Treasurer	10.00	Officer	$0	$0	$0
Amy DiModugno	Director	10.00	Director	$0	$0	$0
Daniel Crump	Director	10.00	Director	$0	$0	$0
Jessie Woods	Director	10.00	Director	$0	$0	$0
Sharon Kyle	Director	2.00	Director	$0	$0	$0
Robin Wynder	Director	2.00	Director	$0	$0	$0
Deirdre Robertson	Director	40.00	Director	$49,680	$0	$49,680
Katie Lesko	Coordinator	30.00	Director	$17,870	$0	$17,870
Dana Bridges	Manager	30.00	Director	$21,625	$0	$21,625

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	$382,384	$412,385	$17,178	$-30,001
2024	$193,691	$201,452	$47,046	$-7,761
2023	$188,824	$199,949	$54,807	$-11,125
2022	$298,517	$290,169	$65,932	$8,348

Frostburg First - A Maryland Main St Community Inc