Maryland Cultural and Conference Center Inc (formerly MD Theatre for the Perfor

EIN: 542108437 501(c)(3) Arts, Culture & Humanities

Annapolis, MD

Total Revenue
$24,406
Total Expenses
$60,599
Total Assets
$1,671,814
Net Assets
$1,671,629
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MD
Principal Officer
Michael W Davis
Phone
4434724965
Tax Period
2023-01-01 to 2023-12-31

Maryland Cultural and Conference Center Inc (formerly MD Theatre for the Perfor, founded in 2003, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $24K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $61K exceeded revenue, resulting in a 148% operating deficit.

Mission

Create a sustainable, world-class conference and cultural center with state-of-the-art meeting spaces, offering premier innovative and inclusive live performances, and a unique venue serving the community that honors veterans within the greater Annapolis region and the state of Maryland.

Program Service Accomplishments

Program 1
Expenses: $12,157 Revenue: $150

Stage One - the on-site mural was completed in 2021, but the site saw limited use for preformance during 2021 and 2022 due to COVID. In early 2023 the organization changed its current focus from...

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Stage One - the on-site mural was completed in 2021, but the site saw limited use for preformance during 2021 and 2022 due to COVID. In early 2023 the organization changed its current focus from organizing it's own arts and other events to focus on growing a more community based effort. MOU agreements with Visit Annapolis and the Anne Arundel Arts Council were signed and a feasiliity study for development of a performing arts theatre and convention center at the MC3 property was completed.

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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 (2023)

Revenue Breakdown

Contributions & Grants $24,402
Program Service Revenue $150
Investment Income $-146
Other Revenue $0
TOTAL REVENUE $24,406

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,608
Fundraising Expenses $0
Program Expenses $12,157
Other Expenses $52,991
TOTAL EXPENSES $60,599

Year-over-Year Comparison

2023 2022 Change
Revenue $24,406 $95,456 -0.7%
Expenses $60,599 $237,515 -0.7%
Net Income $-36,193 $-142,059 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
1
Volunteers
6

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
$6,920
Total Directors
13
$6,920
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jerome J Parks board of trustees member 0.50
Director
$0 $0 $0
Mattie Fenton Executive Director, board 2.00
Officer Director
$6,920 $0 $6,920
J Jeremy Parks board of trustees member 0.50
Director
$0 $0 $0
Peter J McKenna Treasurer, board of trust 1.00
Officer Director
$0 $0 $0
Midgett Parker Vice-Chair, board of trus 1.00
Officer Director
$0 $0 $0
Michael W Davis Chairman, Board of Trustee 5.00
Officer Director
$0 $0 $0
Joanne Davis board of trustees member 2.00
Director
$0 $0 $0
Stan Walz board of trustess member 1.00
Director
$0 $0 $0
Chad Reed board of trustees member 0.50
Director
$0 $0 $0
Greg Pearce board of trustees member 0.50
Director
$0 $0 $0
Janis Nagy board of trustees member 0.50
Director
$0 $0 $0
Delores Duncan-White board of trustees member 0.50
Director
$0 $0 $0
Eric Elston board of trustees member 0.50
Director
$0 $0 $0
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
2023 $24,406 $60,599 $1,671,814 $-36,193
2022 $95,456 $240,243 $1,708,000 $-144,787
2021 $280,982 $208,929 $1,875,126 $72,053
2020 $165,206 $201,953 $1,768,777 $-36,747
2019 $155,015 $247,013 $1,754,121 $-91,998
2018 $119,746 $180,438 $1,759,416 $-60,692
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