SPECIAL OLYMPICS DELAWARE INC (EIN 237162877) - 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

1971

Legal Domicile

Principal Officer

DAVID HALLEY

Phone

3028313480

Tax Period

2024-01-01 to 2024-12-31

SPECIAL OLYMPICS DELAWARE INC, founded in 1971, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $492K, a strong 17% operating margin.

Mission

SPECIAL OLYMPICS PROVIDES YEAR-ROUND SPORTS TRAINING AND ATHLETIC COMPETITION IN A VARIETY OF OLYMPIC-TYPE SPORTS FOR CHILDREN EIGHT YEARS OF AGE OR OLDER AND ADULTS WITH INTELLECTUAL DISABILITY (OR OTHER SIGNIFICNT LEARNING OR VOCATIONAL PROBLEMS), GIVING THEM CONTINUING OPPORTUNITIES TO DEVELOP PHYSICAL FITNESS, DEMONSTRATE COURAGE, EXPERIENCE JOY AND PARTICIPATE IN A SHARING OF GIFTS, SKILLS AND FRIENDSHIP WITH THEIR FAMILIES, OTHER SPECIAL OLYMPICS ATHLETES AND THE COMMUNITY.

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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 $2,303,072

Program Service Revenue $0

Investment Income $217,598

Other Revenue $461,610

TOTAL REVENUE $2,982,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,449,189

Fundraising Expenses $461,148

Program Expenses $1,949,602

Other Expenses $1,040,664

TOTAL EXPENSES $2,489,853

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,982,280	$2,698,283	+0.1%
Expenses	$2,489,853	$1,994,453	+0.2%
Net Income	$492,427	$703,830	-0.3%

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

$177,872

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA SPENCE	DIRECTOR	5.00	Director	$0	$0	$0
KYLE DELANEY	DIRECTOR	5.00	Director	$0	$0	$0
STEVE CASON	SECRETARY	5.00	Officer Director	$0	$0	$0
CHRISTOPHER CROWELL	DIRECTOR	5.00	Director	$0	$0	$0
RUTH LAVELLE	VICE CHAIR & TREASURER	5.00	Officer Director	$0	$0	$0
JENNIFER IRVIN	DIRECTOR	5.00	Director	$0	$0	$0
TOM MOORE	DIRECTOR	5.00	Director	$0	$0	$0
THOMAS GRIMM ESQ	DIRECTOR	5.00	Director	$0	$0	$0
GINO GRADKOWSKI	DIRECTOR	5.00	Director	$0	$0	$0
KATHERINE DICKINSON ESQ	DIRECTOR	5.00	Director	$0	$0	$0
ROB COUPE	DIRECTOR	5.00	Director	$0	$0	$0
CHRISTIE LONGO	CHAIR	5.00	Officer Director	$0	$0	$0
MARY JONES GANT	DIRECTOR	5.00	Director	$0	$0	$0
GENE GIULIANI	DIRECTOR	5.00	Director	$0	$0	$0
NATALIE KEEFER	DIRECTOR	5.00	Director	$0	$0	$0
JOSE-LUIS RIERA	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS TRUONO	DIRECTOR	5.00	Director	$0	$0	$0
MELISSA ZEBLEY	DIRECTOR	5.00	Director	$0	$0	$0
AMY ZOOK	DIRECTOR	5.00	Director	$0	$0	$0
MIKE SMITH	DIRECTOR	5.00	Director	$0	$0	$0
DAVID HALLEY	PRESIDENT & CEO	40.00	Officer	$177,872	$0	$177,872

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	$2,982,280	$2,489,853	$4,689,592	$492,427
2023	$2,698,283	$1,994,453	$4,079,321	$703,830
2022	$2,176,564	$1,849,907	$3,228,142	$326,657
2021	$2,043,458	$1,457,955	$3,135,489	$585,503
2020	$1,886,168	$1,406,809	$2,524,660	$479,359
2019	$1,915,743	$1,787,233	$1,785,717	$128,510
2018	$1,782,049	$1,853,626	$1,577,151	$-71,577

SPECIAL OLYMPICS DELAWARE INC