CHOPTANK ELECTRIC TRUST (EIN 861072289) - 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

2003

Legal Domicile

Principal Officer

THOMAS TERRY

Phone

4104790380

Tax Period

2023-01-01 to 2023-12-31

CHOPTANK ELECTRIC TRUST, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $324K in total revenue in fiscal year 2023.

Mission

ACCEPT APPLICATIONS FROM NON-PROFIT ORGANIZATIONS/AGENCIES AND INDIVIDUALS IN THE COUNTIES OF CECIL, KENT, QUEEN ANNE, CAROLINE, TALBOT, DORCHESTER, WICOMICO, SOMERSET AND WORCHESTER IN MARYLAND FOR DONATION OF FUNDS TO BE USED FOR SCHOLARSHIPS, EDUCATIONAL AND OTHER COMMUNITY PURPOSES.

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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 $323,995

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $323,995

Expense Breakdown

Grants Paid $335,514

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $335,514

Other Expenses $0

TOTAL EXPENSES $335,514

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,995	$319,309	+0.0%
Expenses	$335,514	$344,152	0.0%
Net Income	$-11,519	$-24,843	-0.5%

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

Governance

Voting Members

Independent Members

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

$14,800

Total Directors

$40,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH BARNES	VICE CHAIRMA	1.40	Officer Director	$0	$0	$4,800
DONNA LANDIS-SMITH	DIRECTOR	1.20	Director	$0	$0	$4,800
DEBORAH LUTHY	SECRETARY	0.90	Officer Director	$0	$0	$4,800
CHRIS MCCLARY	DIRECTOR	1.00	Director	$0	$0	$4,800
JOHN MOORE	DIRECTOR	1.20	Director	$0	$0	$4,800
THOMAS TERRY	CHAIRMAN	2.30	Officer Director	$0	$0	$4,400
JACKIE BROWN	DIRECTOR	1.10	Director	$0	$0	$3,600
KRISTEN NICKERSON	DIRECTOR	1.50	Director	$0	$0	$2,800
SHAWN D SMITH	DIRECTOR	1.50	Director	$0	$0	$2,400
MICHAEL BOYLE	DIRECTOR	1.00	Director	$0	$0	$1,200
EDWARD HENRY JR	TREASURER	1.70	Officer Director	$0	$0	$800
SHARON K REDDING	DIRECTOR	1.40	Director	$0	$0	$800

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	$323,995	$335,514	$62,486	$-11,519
2022	$319,309	$344,152	$63,159	$-24,843
2021	$348,870	$384,711	$87,670	$-35,841
2020	$358,300	$321,183	$148,291	$37,117
2019	$313,735	$296,776	$97,896	$16,959
2018	$306,359	$270,195	$104,845	$36,164

CHOPTANK ELECTRIC TRUST