MUSIC CITY MARYLAND ASSOCIATION INC (EIN 874409525) - 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

2022

Legal Domicile

Principal Officer

JOSEPH W GARDENGHI

Phone

4104584117

Tax Period

2025-01-01 to 2025-12-31

MUSIC CITY MARYLAND ASSOCIATION INC, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $512K in total revenue in fiscal year 2025. Expenses of $448K left a modest 13% surplus.

Mission

MUSIC CITY MARYLAND ASSOCIATION SUPPORTS, PROMOTES, AND PROVIDES ACCESS FOR MUSICIANS AND ARTISTS TO CREATE AND THRIVE IN A DYNAMIC COMMUNITY THAT ENCOURAGES ENGAGEMENT OF ALL PEOPLE, ORGANIZATIONS, AND BUSINESSES

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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 (2025)

Revenue Breakdown

Contributions & Grants $213,185

Program Service Revenue $298,404

Investment Income $0

Other Revenue $0

TOTAL REVENUE $511,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $432,054

Other Expenses $447,503

TOTAL EXPENSES $447,503

Year-over-Year Comparison

	2025	2024	Change
Revenue	$511,589	$506,211	+0.0%
Expenses	$447,503	$491,532	-0.1%
Net Income	$64,086	$14,679	+3.4%

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

N/A

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
JOSEPH W GARDENGHI	PRESIDENT	10.00	Officer Director	$0	$0	$0
JOHN BARTH JR	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
RICHARD WEBB	TREASURER	10.00	Officer 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	$511,589	$447,503	$113,177	$64,086
2024	$506,211	$491,532	$114,767	$14,679
2023	$203,675	$220,132	$3,099	$-16,457
2023	$203,675	$220,132	$3,099	$-16,457

MUSIC CITY MARYLAND ASSOCIATION INC