DELAWARE BIOSCIENCE ASSOCIATION INC (EIN 204147195) - 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

MICHAEL FLEMING

Phone

3026350445

Tax Period

2024-01-01 to 2024-12-31

DELAWARE BIOSCIENCE ASSOCIATION INC, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $912K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $779K left a modest 15% surplus.

Mission

TO PROMOTE AND STRENGTHEN THE BIOSCIENCE INDUSTRY IN THE STATE OF DELAWARE.

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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 $543,775

Program Service Revenue $340,032

Investment Income $11,030

Other Revenue $16,890

TOTAL REVENUE $911,727

Expense Breakdown

Grants Paid $13,000

Salaries & Benefits $493,183

Fundraising Expenses $0

Other Expenses $273,092

TOTAL EXPENSES $779,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$911,727	$986,022	-0.1%
Expenses	$779,275	$647,477	+0.2%
Net Income	$132,452	$338,545	-0.6%

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

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

$267,333

Total Directors

$267,333

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL FLEMING	PRESIDENT	45.00	Officer Director	$206,537	$60,796	$267,333
CHRISTOPHER YOCHIM	CHAIRMAN	1.00	Officer Director	$0	$0	$0
J MICHAEL BOWMAN	TREASURER	1.00	Officer Director	$0	$0	$0
PHILIP D AMOA	SECRETARY	1.00	Officer Director	$0	$0	$0
HELEN STIMSON	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
LAKSHMI CYR	DIRECTOR	1.00	Director	$0	$0	$0
BOB DAYTON	PAST PRESIDENT	1.00	Director	$0	$0	$0
BRYAN FISHER	DIRECTOR	1.00	Director	$0	$0	$0
ARIEL GRUSWITZ	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HAIGH	DIRECTOR	1.00	Director	$0	$0	$0
T BEN HSU PHD	DIRECTOR	1.00	Director	$0	$0	$0
KELVIN LEE PHD	DIRECTOR	1.00	Director	$0	$0	$0
SANDRA LEWISCH	DIRECTOR	1.00	Director	$0	$0	$0
TIM MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
NATALIA RIVERA-TORRES	DIRECTOR (FROM 5/24)	1.00	Director	$0	$0	$0
BRUCE SACHAIS	DIRECTOR (FROM 5/24)	1.00	Director	$0	$0	$0
TRACY SHICKEL	DIRECTOR	1.00	Director	$0	$0	$0
JAE SLY PHD MBA	DIRECTOR	1.00	Director	$0	$0	$0
PAULA J SWAIN	DIRECTOR	1.00	Director	$0	$0	$0
GREG TRONTO	DIRECTOR (1/24 THRU 3/24)	1.00	Director	$0	$0	$0
SHAMUS WHYTE	DIRECTOR	1.00	Director	$0	$0	$0
RAY YIN PHD	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
2024	$911,727	$779,275	$2,113,523	$132,452
2023	$986,022	$647,477	$1,981,238	$338,545
2022	$817,520	$448,564	$1,511,204	$368,956
2021	$543,667	$389,024	$1,110,626	$154,643
2020	$561,266	$401,796	$950,333	$159,470
2019	$550,737	$402,105	$756,055	$148,632
2018	$472,893	$447,742	$629,977	$25,151

DELAWARE BIOSCIENCE ASSOCIATION INC