Maryland Wholesale Cannabis Trade Association (EIN 814496971) - 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

2016

Legal Domicile

Principal Officer

Christina Johnson

Phone

2022705404

Tax Period

2024-01-01 to 2024-12-31

Maryland Wholesale Cannabis Trade Association, founded in 2016, is a small nonprofit that reported $589K in total revenue in fiscal year 2024. Expenses of $551K left a modest 6% surplus.

Mission

Promotes the responsible advancement of the medical cannabis industry in 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $588,642

Investment Income $0

Other Revenue $0

TOTAL REVENUE $588,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $550,645

TOTAL EXPENSES $550,645

Year-over-Year Comparison

	2024	2023	Change
Revenue	$588,642	$581,108	+0.0%
Expenses	$550,645	$594,902	-0.1%
Net Income	$37,997	$-13,794	-3.8%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christina Johnson	Chair	2.00	Officer Director	$0	$0	$0
Eric Ross	Treasurer	2.00	Officer Director	$0	$0	$0
Venushki Hemachandra	Secretary/Executive Committee	1.50	Officer Director	$0	$0	$0
Mackie Barch	Executive Committee	1.50	Officer Director	$0	$0	$0
Rebecca Brown	Executive Committee	1.50	Officer Director	$0	$0	$0
Shelly Edgerton	Executive Committee	1.50	Officer Director	$0	$0	$0
Gary Flythe Jr	Executive Committee	1.50	Officer Director	$0	$0	$0
Joe Kiely	Executive Committee	1.50	Officer Director	$0	$0	$0
Laura Brown	At Large Member	0.50	Director	$0	$0	$0
Ciara Dubbe	At Large Member	0.50	Director	$0	$0	$0
Chris Ferguson	At Large Member	0.50	Director	$0	$0	$0
Matt Harrell	At Large Member	0.50	Director	$0	$0	$0
Eric Hauser	At Large Member	0.50	Director	$0	$0	$0
Nkechi Iwomi	At Large Member	0.50	Director	$0	$0	$0
James Leventis	At Large Member	0.50	Director	$0	$0	$0
Erin McCarthy	At Large Member	0.50	Director	$0	$0	$0
Seth Murphy	At Large Member	0.50	Director	$0	$0	$0
Brandon Nemec	At Large Member	0.50	Director	$0	$0	$0
Shreemal Perera	At Large Member	0.50	Director	$0	$0	$0
Toyin Opesanmi	At Large Member	0.50	Director	$0	$0	$0
Mike Pesce	At Large Member	0.50	Director	$0	$0	$0
Dan Pettigrew	At Large Member	0.50	Director	$0	$0	$0
Andrew Reich	At Large Member	0.50	Director	$0	$0	$0
Allison Siegel	At Large Member	0.50	Director	$0	$0	$0
Don Williams	At Large 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
2024	$588,642	$550,645	$245,953	$37,997
2023	$581,108	$594,902	$211,395	$-13,794
2022	$517,441	$661,948	$218,922	$-144,507
2021	$550,000	$478,194	$321,773	$71,806
2020	$563,000	$436,032	$251,177	$126,968
2019	$345,050	$324,137	$119,426	$20,913
2018	$197,675	$311,526	$122,031	$-113,851

Maryland Wholesale Cannabis Trade Association