DELTA PROJECTS INC (EIN 042584547) - 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

1976

Legal Domicile

Principal Officer

JOHN PALLIES

Phone

7814498545

Tax Period

2024-07-01 to 2025-06-30

DELTA PROJECTS INC, founded in 1976, is a mid-sized nonprofit in the Human Services sector that reported $43.7M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $39.2M left a modest 10% surplus.

Mission

SUPPORTS AND EMPOWERS PEOPLE WITH INTELLECTUAL AND OTHER LIFE CHALLENGES TO ACHIEVE THEIR INDIVIDUAL GOALS AND ASPIRATIONS IN A HIGHLY PERSONALIZED, SAFE AND ENRICHING ENVIRONMENT.

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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 $41,088,010

Program Service Revenue $2,056,043

Investment Income $514,364

Other Revenue $11,843

TOTAL REVENUE $43,670,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,351,959

Fundraising Expenses $0

Program Expenses $35,986,288

Other Expenses $11,844,851

TOTAL EXPENSES $39,196,810

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,670,260	$36,271,281	+0.2%
Expenses	$39,196,810	$35,342,179	+0.1%
Net Income	$4,473,450	$929,102	+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

480

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

$498,402

Total Directors

$324,662

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PALLIES	PRESIDENT/CEO	40.00	Officer Director	$212,385	$17,857	$230,242
MIKE OLIVER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GREGG DION	TREASURER/CFO	40.00	Officer	$153,028	$20,712	$173,740
JEAN REYNOLDS	DIRECTOR OF QUALITY IMPROVEMENT	40.00	Highest	$126,614	$23,889	$150,503
CHAMBERLAIN IBE	ASSISTANT DIRECTOR OF NURSING	40.00	Highest	$117,576	$11,258	$128,834
KELLEY DOEL	DIR. OF DAY OPS. & ORG. LEARNING	40.00	Highest	$113,558	$10,631	$124,189
RUTH ANTONUCCI	DIRECTOR OF RESIDENTIAL OPERATIONS	40.00	Highest	$113,489	$8,223	$121,712
PATRICIA JOHNSON	CLINICAL DIRECTOR	40.00	Highest	$112,609	$20,368	$132,977
KELLY MANNING	CLERK	1.00	Officer Director	$0	$0	$0
MARGUERITE SAVICKAS	ASSISTANT CLERK	40.00	Officer Director	$91,436	$2,984	$94,420
VICTORIA BIFANO	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE BRAY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KEARNEY	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE PROUTY	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SARGIS	DIRECTOR	1.00	Director	$0	$0	$0
REGINA YANDO	DIRECTOR	1.00	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	$43,670,260	$39,196,810	$34,690,847	$4,473,450
2024	$36,271,281	$35,342,179	$29,745,271	$929,102
2023	$35,846,741	$33,956,554	$28,364,098	$1,890,187
2022	$34,546,579	$31,556,881	$23,715,014	$2,989,698
2021	$32,804,117	$29,474,654	$20,999,599	$3,329,463
2020	$28,199,161	$27,136,817	$20,737,528	$1,062,344
2019	$25,211,484	$23,604,805	$15,653,907	$1,606,679
2018	$23,146,437	$22,079,083	$13,286,958	$1,067,354

DELTA PROJECTS INC