DELAWARE RIVER CITY CORPORATION

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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

2004

Legal Domicile

Principal Officer

MICHAEL MATTIONI

Phone

2154258350

Tax Period

2024-07-01 to 2025-06-30

DELAWARE RIVER CITY CORPORATION, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $4.1M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $5.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO COMPLETE AND SUSTAIN THE RIVERFRONT TRAIL AND NETWORK OF PARKS ALONG THE DELAWARE RIVER THAT CONNECT RESIDENTS OF URBAN NEIGHBORHOODS TO NATURE, OFFERING UNPARALLELED RECREATIONAL, COMMUNITY BUILDING, AND ENVIRONMENTAL EDUCATION ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $4,601,447 Revenue: $2,899,728

FUND TRAIL PROJECTS THAT ALLOW FOR THE DEVELOPMENT OF A SUSTAINABLE RIVERFRONT CORRIDOR IN NORTHEAST PHILADELPHIA. ENGAGE COMMUNITY IN ACTIVATING A SHARED VISION FOR THE DELAWARE WATERFRONT THROUGH...

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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 $1,145,176

Program Service Revenue $2,899,728

Investment Income $21,869

Other Revenue $27,542

TOTAL REVENUE $4,094,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $673,525

Fundraising Expenses $77,770

Program Expenses $4,601,447

Other Expenses $4,287,338

TOTAL EXPENSES $4,960,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,094,315	$4,552,583	-0.1%
Expenses	$4,960,863	$4,885,870	+0.0%
Net Income	$-866,548	$-333,287	+1.6%

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

Volunteers

350

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

$127,973

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MATTIONI ESQ	CHAIR	1.00	Officer Director	$0	$0	$0
ASHLEY DE VRIES	VICE CHAIR	4.00	Officer Director	$0	$0	$0
KAREN WOLD	TREASURER	2.00	Officer Director	$0	$0	$0
DANA RUSSIKOFF	SECRETARY	10.00	Officer Director	$0	$0	$0
JAMES ANDERSON	MEMBER	1.00	Director	$0	$0	$0
MAGGIE BORSKI	MEMBER	1.00	Director	$0	$0	$0
DUANE BUMB	MEMBER	1.00	Director	$0	$0	$0
CHRIS CREELMAN	EX-OFFICIO	1.00	Director	$0	$0	$0
JOE FORKIN	MEMBER	1.00	Director	$0	$0	$0
ALTORO HALL	EX-OFFICIO	1.00	Director	$0	$0	$0
DANIELLE HANKIN	MEMBER	1.00	Director	$0	$0	$0
GINA LAVERY	MEMBER	1.00	Director	$0	$0	$0
SEAN NULL	MEMBER	1.00	Director	$0	$0	$0
JOSEPH SLABINSKI	MEMBER	1.00	Director	$0	$0	$0
KEITH XIAO	MEMBER	1.00	Director	$0	$0	$0
STEVE YINGLING	MEMBER	1.00	Director	$0	$0	$0
MARIDARLYN GONZALEZ	MEMBER	1.00	Director	$0	$0	$0
JIM THACKRAY	MEMBER	1.00	Director	$0	$0	$0
STEPHANIE PHILLIPS	EXECUTIVE DIRECTOR	40.00	Officer	$119,500	$8,473	$127,973

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	$4,094,315	$4,960,863	$2,925,664	$-866,548
2024	$4,552,583	$4,885,870	$2,547,732	$-333,287
2023	$838,206	$1,162,201	$2,700,651	$-323,995
2022	$1,145,332	$1,049,878	$3,041,710	$95,454
2021	$857,488	$1,009,032	$3,076,535	$-151,544
2020	$1,138,303	$821,567	$3,223,278	$316,736
2019	$3,123,169	$1,191,950	$2,879,666	$1,931,219
2018	$1,375,244	$1,799,057	$1,107,885	$-423,813