CHESAPEAKE BAY FOUNDATION INC

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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

1966

Legal Domicile

Principal Officer

Hilary H Falk

Phone

4102688816

Tax Period

2024-07-01 to 2025-06-30

CHESAPEAKE BAY FOUNDATION INC, founded in 1966, is a mid-sized nonprofit in the Environment sector that reported $35.4M in total revenue in fiscal year 2024. Net assets of $122.2M represent 41 months of operating reserves.

Mission

The Chesapeake Bay Foundation's (CBF) mission, simply stated, is to Save the Bay. See Schedule O for Continuation (page 48)

Program Service Accomplishments

Program 1

Expenses: $17,438,557 Revenue: $568,215

Advocacy & RestorationThe Advocacy & Restoration Department's primary objective is to drive significant improvements in the health of Chesapeake Bay as measured by CBF's Bay Health Index. Consistent with the CBF strategic plan, this involves developing and recommending priorities for the organization's policy work, engaging our members and implementing restoration elements of the plan. The Program utilizes a combination of strategies to help achieve a reduction in Bay pollution, restoration of critical habitat, and better-managed fisheries. See Schedule O for Continuation (page 49)

Program 2

Expenses: $8,720,433 Revenue: $578,596

Education CBF's Education Department is responsible for leading students, teachers, and adults in hands-on, on-the-water, environmental education experiences about the Bay. Through education...

Education CBF's Education Department is responsible for leading students, teachers, and adults in hands-on, on-the-water, environmental education experiences about the Bay. Through education programs, our professional educators use innovative teaching methods to engage students in real-world issues and scientific inquiry, exciting and encouraging them to take action to protect our natural resources. Student Leadership courses during the summer further train student leaders from high schools across the region. See Schedule O for Continuation (page 49)

Program 3

Expenses: $3,697,553 Revenue: $47,622

Marketing & CommunicationsThe Marketing & Communications Department's charge is to market CBF and its policy agenda, educate and engage the public, and mobilize support for organizational priorities and Bay restoration efforts. Marketing & Communications also manages internal communications and public opinion research. See Schedule O for Continuation (page 50)

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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 $27,417,431

Program Service Revenue $1,194,433

Investment Income $6,308,981

Other Revenue $490,453

TOTAL REVENUE $35,411,298

Expense Breakdown

Grants Paid $668,182

Salaries & Benefits $21,964,544

Fundraising Expenses $4,191,180

Program Expenses $29,856,543

Other Expenses $14,335,625

TOTAL EXPENSES $37,408,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,411,298	$36,221,171	0.0%
Expenses	$37,408,233	$35,057,375	+0.1%
Net Income	$-1,996,935	$1,163,796	-2.7%

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

283

Volunteers

35577

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

$855,864

Total Directors

$403,312

Key Employees

$731,476

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Hilary H Falk	President	40.00	Officer Director	$367,595	$35,717	$403,312
Otis S Jones	Chair	4.00	Officer Director	$0	$0	$0
Ann Pelham	Vice Chair	4.00	Officer Director	$0	$0	$0
Bruce R Bradley	Trustee	4.00	Director	$0	$0	$0
Joan P Brock	Trustee	1.00	Director	$0	$0	$0
George B Clarke IV	Trustee	1.00	Director	$0	$0	$0
Brian Cobb	Trustee	1.00	Director	$0	$0	$0
Margaret M Freeman	Trustee	1.00	Director	$0	$0	$0
Alexandra Grayson	Trustee	1.00	Director	$0	$0	$0
Jennifer E Green	Trustee	1.00	Director	$0	$0	$0
Harry S Gruner	Trustee	4.00	Director	$0	$0	$0
Ann D Horner	Trustee	1.00	Director	$0	$0	$0
Robert A Kinsley II	Trustee	1.00	Director	$0	$0	$0
Jonathan D Manekin	Trustee	1.00	Director	$0	$0	$0
Anne Mehringer	Trustee	1.00	Director	$0	$0	$0
Mamie A Parker PHD	Trustee	1.00	Director	$0	$0	$0
Crystal Patterson	Trustee	4.00	Director	$0	$0	$0
Nick Pomponi	Trustee	1.00	Director	$0	$0	$0
Samara Pyfrom	Trustee	1.00	Director	$0	$0	$0
Christa Riepe	Trustee	1.00	Director	$0	$0	$0
Nathanial J Rose	Trustee	1.00	Director	$0	$0	$0
Kathryn Gilchrist Simpson	Trustee	1.00	Director	$0	$0	$0
J Sedwick Sollers III	Trustee	4.00	Director	$0	$0	$0
J Alex Ward	Trustee	1.00	Director	$0	$0	$0
Denice Heller Wardrop	Trustee	1.00	Director	$0	$0	$0
Preston M White	Trustee	1.00	Director	$0	$0	$0
Robert N Whitescarver	Trustee	1.00	Director	$0	$0	$0
Stephen M Wolf	Trustee	1.00	Director	$0	$0	$0
Marnie Abramson	Trustee	1.00	Director	$0	$0	$0
Dara C Bachman	Trustee	1.00	Director	$0	$0	$0
Hugh Evans	Trustee	4.00	Director	$0	$0	$0
Tola Sanni	Treasurer, CFO	40.00	Officer	$220,467	$24,193	$244,660
William A Agee III	Secretary; VP - Administration	40.00	Officer	$200,333	$7,559	$207,892
Katharene P Snavely	Chief Development Officer	40.00	Key Emp	$230,289	$30,329	$260,618
Alison H Prost	VP - Enviro. Protec. & Restor.	40.00	Key Emp	$219,558	$29,910	$249,468
Thomas W Ackerman	VP - Education	40.00	Key Emp	$192,924	$28,466	$221,390
Everett S Marshall	VP - People	40.00	Highest	$198,689	$28,782	$227,471
Paul W Smail	VP - Litigation	40.00	Highest	$191,317	$28,455	$219,772
Robert J Beach	VP - Communications	40.00	Highest	$192,512	$27,707	$220,219
Carmera S Thomas-Wilhite	VP - Communities and Partnerships	40.00	Highest	$160,049	$22,461	$182,510

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	$35,411,298	$37,408,233	$127,940,157	$-1,996,935
2024	No data	No data	No data	No data
2023	$32,201,003	$34,140,334	$126,475,382	$-1,939,331
2022	$37,482,212	$31,537,989	$125,747,119	$5,944,223
2021	$30,431,085	$29,437,892	$137,261,468	$993,193
2020	$37,635,927	$28,916,631	$126,294,841	$8,719,296
2019	$29,836,973	$29,280,321	$118,702,708	$556,652
2018	$35,240,656	$26,492,732	$116,825,477	$8,747,924