ANNE ARUNDEL WORKFORCE DEVELOPMENT CORPORATION (EIN 522359350) - 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

2001

Legal Domicile

Principal Officer

KIRKLAND J MURRAY

Phone

4109873890

Tax Period

2023-07-01 to 2024-06-30

ANNE ARUNDEL WORKFORCE DEVELOPMENT CORPORATION, founded in 2001, is a community nonprofit in the Employment sector that reported $9.9M in total revenue in fiscal year 2023.

Mission

AAWDC IS CHARGED WITH PROVIDING WORKFORCE SERVICES IN ANNE ARUNDEL COUNTY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,286,337

Program Service Revenue $224,744

Investment Income $63,797

Other Revenue $344,521

TOTAL REVENUE $9,919,399

Expense Breakdown

Grants Paid $227,658

Salaries & Benefits $6,465,871

Fundraising Expenses $0

Program Expenses $9,602,105

Other Expenses $3,702,287

TOTAL EXPENSES $10,395,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,919,399	$10,189,182	0.0%
Expenses	$10,395,816	$10,143,225	+0.0%
Net Income	$-476,417	$45,957	-11.4%

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

269

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

$322,732

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLORIA DENT	CHAIR	2.00	Officer Director	$0	$0	$0
PATRICK SHURNEY	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
DARRYL WATSON	BOARD MEMBER	2.00	Director	$0	$0	$0
KAYA SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN COURTIEN	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER GROSS	BOARD MEMBER	2.00	Director	$0	$0	$0
TANYA MILINER ED D	BOARD MEMBER	2.00	Director	$0	$0	$0
KIRKLAND J MURRAY	CEO	35.00	Officer	$183,046	$24,640	$207,686
CHARLES KNAPP	CFO	35.00	Officer	$113,140	$1,906	$115,046
JOHN ZUCNICK	VP OF ABI	35.00	Highest	$110,454	$13,225	$123,679

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	No data	No data	No data	No data
2024	$9,919,399	$10,395,816	$6,570,035	$-476,417
2023	$10,189,182	$10,143,225	$5,549,329	$45,957
2022	$11,327,877	$11,695,853	$7,030,685	$-367,976
2021	$10,470,291	$10,395,915	$2,854,225	$74,376
2020	$6,662,037	$6,869,976	$2,297,592	$-207,939
2019	$10,190,070	$9,881,014	$2,782,823	$309,056
2018	$10,050,199	$9,916,297	$2,784,747	$133,902

ANNE ARUNDEL WORKFORCE DEVELOPMENT CORPORATION