Midatlantic Fiber Association
Nonprofit profile at a glance
- EIN
- 222339820
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-N 2023
- Location
- Lutherville, MD, USA
- Phone
- 4435062000
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $318,742
- Expenses
- $267,046
- Assets
- $293,304
- Liabilities
- $11
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- MARGARET BRIGGS (PRES, CONF C)
- PATTY CHRISMAN (VICE PRESIDE)
- NANCY EVERHAM (COMMUNICATIO)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To act as a central organization for all fiber interest groups in the mid- atlantic united states which choose to become member groups of the association. To encourage cooperation among the fiber groups in the mid-atlantic region of the united states. To plan, organize, and conduct conferences and other events for education and communication in the fiber arts field.
What it reported doing in 2024
Grants & scholarships: mafa grants support to fiber-art education events that are not-for-profit and benefit the public and provides scholarships for its biennial conference. The grants/scholarship committee of mafa administers the program, overseeing the application process and providing recommendations to the board on the applications.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 96% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 90
- Accountability: 82
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.9%; rating input score 79
- Program expense ratio: 97%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 16.2%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 1.1; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 59; 59th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 5.3% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 7.8% per year; rating input score 100; 65th percentile among comparable filings
- Asset growth: 6.8% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 78.9% of revenue deployed · 97% of spending went to programs
- Governance: 8 of 8 board members independent · 4 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $259K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 22 of 22 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2016 to 2024
- Contacts: How to reach this organization
- 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 — Accountability: Governance controls: 2 of 6 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- Review — Sustainability: Liabilities to assets ratio scored 59/100.