DELAWARE ACADEMY OF SCIENCE 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

1961

Legal Domicile

Principal Officer

ROBIN BROOMALL

Phone

3023685703

Tax Period

2023-01-01 to 2023-12-31

DELAWARE ACADEMY OF SCIENCE INC, founded in 1961, is a small nonprofit in the Arts, Culture & Humanities sector that reported $162K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $155K left a modest 4% surplus.

Mission

THE IRON HILL MUSEUM IS THE PRIMARY RESOURCE FOR THE STUDY OF HUMAN & NATURAL HISTORY OF THE IRON HILL AREA. ITS PROGRAMS, COLLECTIONS AND LIBRARY HELP INTERPRET THE RELATIONSHIPS BETWEEN THE PEOPLE AND THE LAND. OUR VISION IS TO BE ONE OF THE STATES FOREMOST HISTORY AND SCIENCE MUSEUMS, TELLING THE STORY OF THE PEOPLE, PLACES AND EVENTS OF THE IRON HILL REGION AND THE PENCADER HERITAGE AREA.

Program Service Accomplishments

Program 1

Expenses: $131,348 Revenue: $16,981

OPERATION OF THE IRON HILL MUSEUM, WHICH IS AN EDUCATIONAL SOURCE FOR THE STUDY OF HUMAN AND NATURAL HISTORY OF THE IRON HILL REGION OF DELAWARE. THE MUSEUM PROVIDES EDUCATIONAL PROGRAMS TO STUDENTS SUCH AS THE EARTH SCIENCES PROGRAM, THE NATIVE AMERICAN PROGRAM AND THE "GOING BATTY" PROGRAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $143,385

Program Service Revenue $16,981

Investment Income $213

Other Revenue $1,054

TOTAL REVENUE $161,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,627

Fundraising Expenses $0

Program Expenses $131,348

Other Expenses $92,899

TOTAL EXPENSES $154,526

Year-over-Year Comparison

	2023	2022	Change
Revenue	$161,633	$134,498	+0.2%
Expenses	$154,526	$138,027	+0.1%
Net Income	$7,107	$-3,529	-3.0%

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

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
SHAWN W KLAPINSKY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES BROWN III	DIRECTOR	0.50	Director	$0	$0	$0
ROBIN BROOMALL	PRESIDENT	10.00	Officer	$0	$0	$0
DEBORAH KEESE	VICE-PRESIDENT	4.00	Officer	$0	$0	$0
CAROL MILLS	SECRETARY	0.50	Officer	$0	$0	$0
ELISABETH EDWARDS	TREASURER	2.00	Officer	$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	No data	No data	No data
2023	$161,633	$154,526	$1,138,027	$7,107
2022	$134,498	$138,027	$1,130,920	$-3,529
2021	$86,459	$125,760	$1,134,449	$-39,301
2020	$83,020	$112,639	$1,173,750	$-29,619
2019	$87,886	$120,619	$1,203,369	$-32,733
2018	$78,552	$135,740	$1,236,102	$-57,188