EASTERN SHORE ENTREPRENEURSHIP CENTER INC

EIN: 611465160 501(c)(3) Education

EASTON, MD

Total Revenue
$885,296
Total Expenses
$772,290
Total Assets
$1,409,159
Net Assets
$249,313
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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
2004
Legal Domicile
MD
Principal Officer
MIKE THIELKE
Phone
4107709330
Tax Period
2022-07-01 to 2023-06-30

EASTERN SHORE ENTREPRENEURSHIP CENTER INC, founded in 2004, is a small nonprofit in the Education sector that reported $885K in total revenue in fiscal year 2022. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $772K left a modest 13% surplus.

Mission

TO PROVIDE TECHNICAL ASSISTANCE, EDUCATION, AND ACCESS TO CAPITAL SERVICES TO INDIVIDUALS AND SMALL AND MID-SIZE BUSINESSES.

Program Service Accomplishments

Program 1
Expenses: $55,671 Revenue: $19,160

MANAGED A PORTFOLIO OF LOANS TO SMALL BUSINESSES TOTALING $540,753 AT LOW INTEREST RATES TO ENCOURAGE AND STIMULATE GROWTH.

Program 2
Expenses: $576,248 Revenue: $18,034

CONTINUED IMPLEMENTATION OF THE F3 TECH ACCELERATOR PROGRAM, AG INNOVATION CENTER, AND OTHER TRAINING PROGRAMS TO PROVIDE TECHNICAL ASSISTANCE AND BUSINESS SERVICES TO VALUE-ADDED PRODUCERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $848,102
Program Service Revenue $18,034
Investment Income $19,160
Other Revenue $0
TOTAL REVENUE $885,296

Expense Breakdown

Grants Paid $0
Salaries & Benefits $120,000
Fundraising Expenses $0
Program Expenses $631,919
Other Expenses $652,290
TOTAL EXPENSES $772,290

Year-over-Year Comparison

2022 2021 Change
Revenue $885,296 $608,404 +0.5%
Expenses $772,290 $821,304 -0.1%
Net Income $113,006 $-212,900 -1.5%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
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
4
$0
Total Directors
10
$114,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TYLER PATTON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
TONY KERN PRESIDENT 2.00
Officer Director
$0 $0 $0
JOHN ELSTNER TREASURER 2.00
Officer Director
$0 $0 $0
SHANNON DILL SECRETARY 2.00
Officer Director
$0 $0 $0
MIKE THIELKE EXECUTIVE DIRECTOR 40.00
Director
$114,000 $0 $114,000
SCOTT WARNER DIRECTOR 2.00
Director
$0 $0 $0
ROB NICHOLSON DIRECTOR 2.00
Director
$0 $0 $0
WALTER CHASE DIRECTOR 2.00
Director
$0 $0 $0
NIKKO BRADY DIRECTOR 2.00
Director
$0 $0 $0
NEIL DAVIS DIRECTOR 2.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $885,296 $772,290 $1,409,159 $113,006
2022 $608,404 $821,304 $1,144,981 $-212,900
2021 $533,020 $616,865 $1,378,260 $-83,845
2020 $702,695 $658,549 $1,625,956 $44,146
2019 $427,665 $482,911 $1,507,059 $-55,246
2018 $465,032 $282,234 $1,676,999 $182,798
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