FIRST STATE INNOVATION INC

EIN: 205095603 501(c)(3) Community Improvement

WILMINGTON, DE

Total Revenue
N/A
Total Expenses
$2,432
Total Assets
$401,323
Net Assets
$401,323
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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
DE
Principal Officer
ERNEST DIANASTASIS
Phone
6106598268
Tax Period
2024-01-01 to 2024-12-31

Mission

INCREASING DELAWARE'S ENTREPRENEURIAL CAPACITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $432
Other Expenses $2,432
TOTAL EXPENSES $2,432

Year-over-Year Comparison

2024 2023 Change
Revenue N/A N/A N/A
Expenses $2,432 $40 +59.8%
Net Income N/A $-40 N/A
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
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
1
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERNEST J DIANASTASIS CHAIRMAN & PRESIDENT 1.00
Officer Director
$0 $0 $0
J MICHAEL BOWMAN BOARD MEMBER 1.00
Director
$0 $0 $0
FRANK PENNELLA BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY E FETTERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY LUBIN BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID GATES BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW SWANSON BOARD MEMBER 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 No data $2,432 $401,323 No data
2023 No data $40 $403,755 No data
2022 $200 $2,038 $403,995 $-1,838
2021 No data $12,634 $405,833 No data
2020 $100 $2,816 $418,467 $-2,716
2019 No data $5,034 $421,183 No data
2018 No data $13,838 $426,217 No data
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