DELAWARE COMMUNITY INVESTMENT CORPORATION (EIN 223080881) - 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

1994

Legal Domicile

Principal Officer

BRETT OUMEDIAN

Phone

3026551420

Tax Period

2024-01-01 to 2024-12-31

DELAWARE COMMUNITY INVESTMENT CORPORATION, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $491K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 177% operating deficit.

Mission

LENDING AND INVESTING FOR COMMUNITY DEVELOPMENT.

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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 $0

Program Service Revenue $291,136

Investment Income $200,203

Other Revenue $0

TOTAL REVENUE $491,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,034,187

Other Expenses $1,360,773

TOTAL EXPENSES $1,360,773

Year-over-Year Comparison

	2024	2023	Change
Revenue	$491,339	$538,858	-0.1%
Expenses	$1,360,773	$854,670	+0.6%
Net Income	$-869,434	$-315,812	+1.8%

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

N/A

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

$1,471,344

Total Directors

$1,774,805

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH BROADNAX	DIRECTOR	0.10	Director	$0	$34,443	$303,461
RYAN ROBINSON	CHAIR	0.10	Officer Director	$0	$27,148	$434,139
BRETT OUMEDIAN	TREASURER/CFO	0.10	Officer Director	$0	$44,410	$628,728
JOSH GHENA	VICE PRESIDENT	0.10	Officer Director	$0	$40,747	$408,477
SUSAN FRANK	PRESIDENT	0.10	Highest	$0	$34,362	$413,216
LUCIUS VASSAR	ASSISTANT SECRETARY	0.10	Highest	$0	$44,410	$502,407

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	$491,339	$1,360,773	$8,611,455	$-869,434
2023	$538,858	$854,670	$9,163,687	$-315,812
2022	$1,085,788	$763,085	$9,444,693	$322,703
2021	$798,695	$406,656	$12,359,123	$392,039
2020	$1,213,368	$731,524	$11,729,242	$481,844
2019	$1,061,549	$4,870,512	$97,015,607	$-3,808,963
2018	$949,270	$538,303	$115,039,542	$410,967

DELAWARE COMMUNITY INVESTMENT CORPORATION