DELAWARE HEALTH NET INC

EIN: 201336340 501(c)(3) Health Care

WILMINGTON, DE

Total Revenue
$891,939
Total Expenses
$1,069,479
Total Assets
$412,127
Net Assets
$370,411
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
DE
Principal Officer
GABBY COUNTRY SCHULTZ
Phone
3026556187
Tax Period
2023-09-01 to 2024-08-31

DELAWARE HEALTH NET INC, founded in 2004, is a small nonprofit in the Health Care sector that reported $892K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE DELAWARE HEALTH NET, INC. IS A NONPROFIT ORGANIZATION, WHOSE MISSION IS TO ASSIST ITS MEMBER ORGANIZATIONS (COLLABORATORS) IN PURSUIT OF THEIR INDIVIDUAL AGENCY MISSIONS, ENHANCE AND DEVELOP CLINICAL AND BUSINESS TOOLS, PROVIDE ELECTRONIC HEALTHCARE RECORDS, AND TO CONTINUE TO FOSTER A COLLABORATIVE AND TRUSTING RELATIONSHIP AMONG ITS MEMBERS ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $983,273 Revenue: $181,390

DELAWARE HEALTH NET, INC. COLLABORATES WHERE POSSIBLE TO REALIZE COST SAVINGS; SHARE EXPERTISE; ESTABLISH CONSISTENCY IN THE SCOPE AND QUALITY OF SERVICES PROVIDED TO COLLABORATE PATIENTS BY FOCUSING...

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DELAWARE HEALTH NET, INC. COLLABORATES WHERE POSSIBLE TO REALIZE COST SAVINGS; SHARE EXPERTISE; ESTABLISH CONSISTENCY IN THE SCOPE AND QUALITY OF SERVICES PROVIDED TO COLLABORATE PATIENTS BY FOCUSING ON THE INTEGRATION AND STANDARDIZATION OF CLINICAL SERVICES, AND INFORMATION SYSTEMS; ASSURE VIABILITY OF COLLABORATORS TO MAINTAIN AND EXPAND ACCESS TO PRIMARY HEALTH CARE SERVICES TO THE MEDICALLY UNDERSERVED THROUGH DEVELOPMENT OF TECHNICAL RESOURCES; AND TO BUILD UPON SIGNIFICANT AND LONG-STANDING VERTICAL AND HORIZONTAL RELATIONSHIPS EXISTING AMONG COLLABORATORS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $666,377
Program Service Revenue $181,390
Investment Income $47
Other Revenue $44,125
TOTAL REVENUE $891,939

Expense Breakdown

Grants Paid $0
Salaries & Benefits $455,721
Fundraising Expenses $0
Program Expenses $983,273
Other Expenses $613,758
TOTAL EXPENSES $1,069,479

Year-over-Year Comparison

2023 2022 Change
Revenue $891,939 $1,006,362 -0.1%
Expenses $1,069,479 $933,027 +0.1%
Net Income $-177,540 $73,335 -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

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Governance

Voting Members
7
Independent Members
7
Employees
4
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
4
$102,665
Total Directors
6
$102,665
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GABRIEL GARCIA-LOPEZ PRESIDENT 1.00
Officer Director
$0 $0 $0
DR CODY CRAMER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JASMINE FINELY TREASURER 1.00
Officer Director
$0 $0 $0
BRENDA PUSEY DIRECTOR 1.00
Director
$0 $0 $0
ROSA RIVERA EX-OFFICIO 1.00
Director
$0 $0 $0
GABBY COUNTRY SCHULTZ EXECUTIVE DI 40.00
Officer Director
$102,665 $0 $102,665
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
2026 No data No data No data No data
2025 No data No data No data No data
2024 $891,939 $1,069,479 $412,127 $-177,540
2024 $861,820 $1,160,960 $481,503 $-299,140
2023 $1,006,362 $933,027 $560,530 $73,335
2022 $837,871 $914,410 $593,466 $-76,539
2021 $928,729 $757,131 $652,784 $171,598
2020 $853,155 $829,701 $519,780 $23,454
2019 $807,141 $836,370 $461,949 $-29,229
2018 $796,365 $766,894 $563,459 $29,471
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