DELAWARE STATE UNIVERSITY FOUNDATION INC (EIN 201372435) - 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

2006

Legal Domicile

Principal Officer

DR LASHAWNE PRYOR

Phone

3028576055

Tax Period

2024-07-01 to 2025-06-30

DELAWARE STATE UNIVERSITY FOUNDATION INC, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $14.2M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $13.7M left a modest 4% surplus.

Mission

TO SECURE AND ADMINISTER PRIVATE FUNDS IN SUPPORT OF ACADEMIC PROGRAMS, STUDENT SCHOLARSHIPS, FACULTY DEVELOPMENT, PUBLIC SERVICE INITIATIVES, AND OTHER PRIORITIES OF DELAWARE STATE UNIVERSITY.

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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 $12,697,055

Program Service Revenue $0

Investment Income $1,094,728

Other Revenue $406,374

TOTAL REVENUE $14,198,157

Expense Breakdown

Grants Paid $9,093,236

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,424,398

Other Expenses $4,568,599

TOTAL EXPENSES $13,661,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,198,157	$15,075,842	-0.1%
Expenses	$13,661,835	$21,163,293	-0.4%
Net Income	$536,322	$-6,087,451	-1.1%

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

N/A

Volunteers

154

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

$280,353

Total Directors

$841,424

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTIONE ALLEN	UNIVERSITY PRESIDENT	10.00	Director	$561,071	$0	$561,071
VITA PICKRUM	FOUNDATION PRESIDENT (NON-VOTING)	8.00	Officer Director	$198,611	$0	$198,611
HENRIETTA SAVAGE	CONTROLLER (NON-VOTING)	10.00	Officer Director	$81,742	$0	$81,742
ENID WALLACE-HALEY	CHAIR	6.00	Officer Director	$0	$0	$0
NICOLE DYE-ANDERSON	VICE CHAIR	2.00	Officer Director	$0	$0	$0
VINCENT ROJAS	SECRETARY/TREASURER/DIRECTOR	6.00	Officer Director	$0	$0	$0
WILLIAM CHARLTON	DIRECTOR	3.00	Director	$0	$0	$0
STEVE EWING	DIRECTOR	3.00	Director	$0	$0	$0
DARYL GRAHAM	DIRECTOR	3.00	Director	$0	$0	$0
JOSEPH PURZYCKI	DIRECTOR	2.00	Director	$0	$0	$0
KATHLEEN SHELTON	DIRECTOR	3.00	Director	$0	$0	$0
JOCEYLN STEWART	DIRECTOR	3.00	Director	$0	$0	$0
CHIP ROSSI	DIRECTOR	3.00	Director	$0	$0	$0
CATHLEEN TRIGG-JONES	DIRECTOR	3.00	Director	$0	$0	$0
DAVID SHEPPARD	DIRECTOR	3.00	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	No data	No data	No data	No data
2025	$14,198,157	$13,661,835	$39,815,791	$536,322
2024	$15,075,842	$21,163,293	$37,475,656	$-6,087,451
2023	$14,796,790	$12,076,158	$41,592,921	$2,720,632
2022	$19,092,791	$8,745,735	$37,335,368	$10,347,056
2021	$16,875,299	$6,240,762	$29,822,062	$10,634,537
2020	$6,786,908	$5,977,056	$15,136,288	$809,852
2019	$5,453,288	$12,294,950	$14,652,214	$-6,841,662

DELAWARE STATE UNIVERSITY FOUNDATION INC