DIAMOND STATE C L T INC (EIN 203625660) - 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

DEBORAH GALONSKY

Phone

4434801797

Tax Period

2024-07-01 to 2025-06-30

DIAMOND STATE C L T INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $208K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 64% operating margin.

Mission

TO STRENGTHEN DELAWARE COMMUNITIES BY CREATING AND STEWARDING FOREVER AFFORDABLE HOUSING TO LOW-MODERATE INCOME INDIVIDUALS AND FAMILIES WHILE PROMOTING SUSTAINABLE USE OF THE LAND.

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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 $69,907

Program Service Revenue $67,994

Investment Income $0

Other Revenue $70,077

TOTAL REVENUE $207,978

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,380

Other Expenses $74,484

TOTAL EXPENSES $74,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$207,978	$144,931	+0.4%
Expenses	$74,484	$38,655	+0.9%
Net Income	$133,494	$106,276	+0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH GALONSKY	PRESIDENT	0.25	Officer Director	$0	$0	$0
KATHY FANSLER	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
BIANCA MERS	BOARD MEMBER	0.25	Officer Director	$0	$0	$0
TRISH KELLEHER	SECRETARY	0.25	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	$207,978	$74,484	$1,147,894	$133,494
2024	$144,931	$38,655	$736,041	$106,276
2023	$18,244	$88,871	$546,821	$-70,627
2022	$44,965	$83,520	$310,959	$-38,555
2021	$58,791	$178,614	$386,284	$-119,823
2020	$186,653	$251,150	$508,018	$-64,497
2019	$529,891	$257,974	$874,118	$271,917

DIAMOND STATE C L T INC