FIRST MARYLAND DISABILITY TRUST INC (EIN 562519036) - 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

2005

Legal Domicile

Principal Officer

DENISE FIKE

Phone

4102964408

Tax Period

2023-01-01 to 2023-12-31

FIRST MARYLAND DISABILITY TRUST INC, founded in 2005, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 40% operating margin.

Mission

PROVIDING TRUST SERVICES TO INDIVIDUALS WITH DISABILITIES OF ALL AGES THROUGHOUT MARYLAND.

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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 $1,634,076

Program Service Revenue $1,166,016

Investment Income $170,345

Other Revenue $71,999

TOTAL REVENUE $3,042,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,201,237

Fundraising Expenses $0

Program Expenses $1,372,709

Other Expenses $634,041

TOTAL EXPENSES $1,835,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,042,436	$1,782,285	+0.7%
Expenses	$1,835,278	$1,568,452	+0.2%
Net Income	$1,207,158	$213,833	+4.6%

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

N/A

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

$159,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE FIKE	CEO	40.00	Officer	$134,757	$24,893	$159,650
STEPHANIE REECE	TRUST ADMIN	40.00		$105,160	$8,587	$113,747
KENNETH HOEFER	President	1.00	Officer Director	$0	$0	$0
NATASHA N LUDWIG	Director	1.00	Director	$0	$0	$0
CHRISTOPHER BLAIR	Director	1.00	Director	$0	$0	$0
FRED WHITON	Director	1.00	Director	$0	$0	$0
MALLORY LEGG	Secretary	1.00	Officer Director	$0	$0	$0
MAY-LIS MANLEY	Director	1.00	Director	$0	$0	$0
MICHAEL LEVINE	Treasurer	1.00	Officer Director	$0	$0	$0
ALEXANDER ZARZECKI	Vice President	1.00	Officer Director	$0	$0	$0
ANDREW T MAZAN	Director	1.00	Director	$0	$0	$0
DAVID GOLDFARB	Director	1.00	Director	$0	$0	$0
ELENA SALLITTO	Director	1.00	Director	$0	$0	$0
JESSICA YOUNG	Director	1.00	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
2024	No data	No data	No data	No data
2023	$3,042,436	$1,835,278	$8,104,812	$1,207,158
2022	$1,782,285	$1,568,452	$5,685,763	$213,833
2021	$2,212,520	$1,168,287	$5,995,096	$1,044,233
2020	$1,824,993	$933,617	$4,042,362	$891,376
2019	$2,025,807	$738,588	$2,682,047	$1,287,219
2018	$950,000	$584,289	$1,122,079	$365,711

FIRST MARYLAND DISABILITY TRUST INC