Lifestyles of Maryland Foundation Inc

Nonprofit profile at a glance

EIN
522183558
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
La Plata, MD, USA
Phone
3016099900
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Family Services for Adolescent Parents

Official website

Reported finances

Revenue
$5,779,742
Expenses
$3,711,068
Assets
$9,680,693
Liabilities
$2,987,556

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • SAUNDRA WASHINGTON (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • SAUNDRA WASHINGTON (CHIEF EXECUTIVE OFFICER): $74,362 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide community services to empower families.

What it reported doing in 2024

Transportation programs- which provide necessary transportation options to people in need. The organization's transportation division provides subsidized transportation to support a household's self-sufficiency. Transportation services are available for low- to moderate-income households to access community services, employment, and medical-related appointments. Transportation is provided to senior citizens and persons with disabilities. Local shuttle service as well as transportation throughout the Washington metropolitan area is provided.

Operating model

Revenue model
Grant-funded. 80% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.7%; rating input score 53
  • Program expense ratio: 82.1%; rating input score 82
  • Fundraising efficiency: $210.08 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 35.8%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 2.61; rating input score 70; 70th percentile among comparable filings
  • Liabilities to assets ratio: 0.31; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 2%; rating input score 76; 76th percentile among comparable filings

Growth

  • Program expense growth: 15.2% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 18.5% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 26.3% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 52.7% of revenue deployed · 82.1% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $3M in reported program spending
  • Leadership: top reported pay $74K · 14 people listed
  • Highest-paid contractors: 1 contractor listed · $1.4M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.