BIKE DELAWARE

EIN: 262577998 501(c)(3) Public & Societal Benefit

NEW CASTLE, DE

Total Revenue
$119,691
Total Expenses
$96,815
Total Assets
$258,938
Net Assets
$258,938
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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
2012
Legal Domicile
DE
Principal Officer
JOHN BARE
Phone
3027224591
Tax Period
2024-01-01 to 2024-12-31

BIKE DELAWARE, founded in 2012, is a small nonprofit in the Public & Societal Benefit sector that reported $120K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $23K, a strong 19% operating margin.

Mission

BIKE DELAWARE IS THE ONLY STATEWIDE INDEPENDENT MEMBER-SUPPORTED, NON-GOVERNMENT, AND NON-PROFIT ORGANIZATION ENGAGED IN THE PROMOTION OF BICYCLING AND WALKING TO REDUCE COST, IMPROVE HEALTH, AND CATALYZE ECONOMIC DEVELOPMENT AND TOURISM IN THE STATE OF DELAWARE. ITS MISSION IS TO MAKE BICYCLING AND WALKING A SAFE, CONVENIENT, AND FUN TRANSPORTATION OPTION BY WORKING IN PARTNERSHIP WITH GOVERNMENT, BUSINESS, AND COMMUNITY GROUPS. ITS VISION IS A BIKEWAY NETWORK THAT EVERYONE CAN USE TO GET WHERE THEY WANT TO GO ON A BIKE.

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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 $36,940
Program Service Revenue $0
Investment Income $4,718
Other Revenue $78,033
TOTAL REVENUE $119,691

Expense Breakdown

Grants Paid $2,950
Salaries & Benefits $48,000
Fundraising Expenses $29,082
Program Expenses $38,595
Other Expenses $45,865
TOTAL EXPENSES $96,815

Year-over-Year Comparison

2024 2023 Change
Revenue $119,691 $96,283 +0.2%
Expenses $96,815 $81,915 +0.2%
Net Income $22,876 $14,368 +0.6%
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
9
Independent Members
9
Employees
N/A
Volunteers
50

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
5
$48,000
Total Directors
10
$48,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES WILSON EXECUTIVE DIRECTOR 40.00
Officer Director
$48,000 $0 $48,000
CHRIS CASTAGNO PRESIDENT 5.00
Officer Director
$0 $0 $0
LOU HERING VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JOHN BARE TREASURER 20.00
Officer Director
$0 $0 $0
ROBERT MCCLEARY SECRETARY 5.00
Officer Director
$0 $0 $0
BOB BROWNE DIRECTOR 1.00
Director
$0 $0 $0
MARCIA DREES DIRECTOR 10.00
Director
$0 $0 $0
GREG LOGUE DIRECTOR 1.00
Director
$0 $0 $0
COLLIN O'MARA DIRECTOR 1.00
Director
$0 $0 $0
DAVE SACK DIRECTOR 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 $119,691 $96,815 $258,938 $22,876
2023 $96,283 $81,915 $236,062 $14,368
2022 $128,184 $80,547 $221,694 $47,637
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