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

The Corporation is organized for the purpose of building and operating a performing arts center in Annapolis, Maryland. The facility is being planned for large conferences, performing arts and cultural events, and community events.

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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

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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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