Chesapeake Crossroads Heritage Area Inc

EIN: 743082381 501(c)(3) Arts, Culture & Humanities

Annapolis, MD

Total Revenue
$222,856
Total Expenses
$233,344
Total Assets
$343,891
Net Assets
$317,201
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
MD
Phone
4102712873
Tax Period
2024-07-01 to 2025-06-30

Chesapeake Crossroads Heritage Area Inc is a small nonprofit in the Arts, Culture & Humanities sector that reported $223K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

The mission of the Chesapeake Crossroads Heritage Area is to stimulate preservation and economic development of the region by supporting and promoting its natural historic and cultural resources. Chesapeake Crossroads Heritage Area, a 501(c)3 nonprofit organization, is one of Maryland's 13 certified heritage areas. We are the only entity through which heritage-related nonprofit organizations and municipalities withing its borders are eligible for matching Maryland Heritage Areas authority (MHAA) grants and low interest business loans. Since certification, Chesapeake Crossroads Heritage Area has brought our area more than $6.9 million for heritage organizations and projects, including one low interest loan to a heritage tourism business, resulting in total leverage of $18 million for heritage organization and projects

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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 (2024)

Revenue Breakdown

Contributions & Grants $218,925
Program Service Revenue $3,909
Investment Income $22
Other Revenue $0
TOTAL REVENUE $222,856

Expense Breakdown

Grants Paid $0
Salaries & Benefits $104,627
Fundraising Expenses $0
Program Expenses $73,763
Other Expenses $128,717
TOTAL EXPENSES $233,344

Year-over-Year Comparison

2024 2023 Change
Revenue $222,856 $303,529 -0.3%
Expenses $233,344 $249,452 -0.1%
Net Income $-10,488 $54,077 -1.2%
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
8
Independent Members
N/A
Employees
3
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
0
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lily Openshaw Board Member 1.00
Director
$0 $0 $0
Eric Elston Ed D Board Member 1.00
Director
$0 $0 $0
Jean Russo PhD Secretary 1.00
Director
$0 $0 $0
Emily Oland Squires Board Member 0.00
Director
$0 $0 $0
Christine Dunham Treasurer 1.00
Director
$0 $0 $0
Diane Nowak-Waring Board Member 1.00
Director
$0 $0 $0
Timothy Leahy Chairman 1.00
Director
$0 $0 $0
Heather Skipper Board Member 1.00
Director
$0 $0 $0
Linnell Bowen Vice Chair 1.00
Director
$0 $0 $0
Jane Cox Executive Dir. 0.00
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 $222,856 $233,344 $343,891 $-10,488
2024 $303,529 $249,452 $358,189 $54,077
2023 $248,755 $232,814 $293,612 $15,941
2022 $255,333 $232,112 $289,171 $23,221
2019 $219,955 $190,728 $255,148 $29,227
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