FRIENDS OF THE DELAWARE CANAL INC

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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

1983

Legal Domicile

Principal Officer

BRETT WEBBER

Phone

2158622021

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE DELAWARE CANAL INC, founded in 1983, is a small nonprofit in the Environment sector that reported $364K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $320K left a modest 12% surplus.

Mission

THE FRIENDS OF THE DELAWARE CANAL IS AN INDEPENDENT, NON-PROFIT ORGANIZATION WORKING TO RESTORE, PRESERVE, AND IMPROVE THE DELAWARE CANAL AND ITS SURROUNDINGS.

Program Service Accomplishments

Program 1

Expenses: $220,017 Revenue: $85,985

FRIENDS OF THE DELAWARE CANAL RESTORE AND IMPROVE THE DELAWARE CANAL AND STATE PARK. THE ORGANIZATION ALSO INCREASES PUBLIC AWARENESS OF THE HISTORICAL AND RECREATIONAL USES OF THE CANAL.

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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 $239,606

Program Service Revenue $85,985

Investment Income $40,733

Other Revenue $-2,055

TOTAL REVENUE $364,269

Expense Breakdown

Grants Paid $0

Salaries & Benefits $140,738

Fundraising Expenses $32,297

Program Expenses $220,017

Other Expenses $178,913

TOTAL EXPENSES $319,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$364,269	$242,103	+0.5%
Expenses	$319,651	$272,137	+0.2%
Net Income	$44,618	$-30,034	-2.5%

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

175

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

$81,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT WEBBER	PRESIDENT	6.00	Officer Director	$0	$0	$0
LAURE DUVAL	VICE PRESIDE	6.00	Officer Director	$0	$0	$0
MATTHEW EMANUEL	TREASURER	6.00	Officer Director	$0	$0	$0
JACK TORRES	SECRETARY	6.00	Officer Director	$0	$0	$0
JEFF CONNELL	MEMBER	3.00	Director	$0	$0	$0
JOAN FULLERTON	MEMBER	3.00	Director	$0	$0	$0
GORDON HEISLER	MEMBER	3.00	Director	$0	$0	$0
ROBERT MARGADONNA	MEMBER	3.00	Director	$0	$0	$0
PETER ROSSWAAG	MEMBER	3.00	Director	$0	$0	$0
JOHN O'KEEFE	MEMBER	3.00	Director	$0	$0	$0
KEN STANDIG	MEMBER	3.00	Director	$0	$0	$0
MICHAEL GINDER	EXECUTIVE DI	40.00	Officer	$81,900	$0	$81,900

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	$364,269	$319,651	$648,443	$44,618
2023	$242,103	$272,137	$597,787	$-30,034
2022	$329,803	$494,427	$585,482	$-164,624
2021	$256,071	$213,314	$914,403	$42,757
2020	$208,357	$215,147	$830,212	$-6,790
2019	$198,558	$149,365	$786,987	$49,193
2018	$563,327	$158,730	$679,721	$404,597