FRIENDS OF HOCKESSIN COLORED SCHOOL 107 (EIN 300815441) - 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

2012

Legal Domicile

Principal Officer

RAY A BLACKWELL MD

Phone

3025458472

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF HOCKESSIN COLORED SCHOOL 107, founded in 2012, is a small nonprofit in the Public & Societal Benefit sector that reported $121K in total revenue in fiscal year 2024. Revenue fell 85% from the prior year — a significant decline worth monitoring. Net assets of $2.3M represent 224 months of operating reserves.

Mission

THE MISSION OF THE ORGANIZATION IS TO REDEVELOP AND TRANSFORM A CLOSED FORMER COLORED SCHOOL INTO A CENTER FOR DIVERSITY, INCLUSION & SOCIAL EQUITY BY HIGHLIGHTING ITS MONUMENTAL HISTORY IN BROWN V BOARD OF EDUCATION.

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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 $106,983

Program Service Revenue $0

Investment Income $14,132

Other Revenue $0

TOTAL REVENUE $121,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $130,418

TOTAL EXPENSES $130,418

Year-over-Year Comparison

	2024	2023	Change
Revenue	$121,115	$831,748	-0.9%
Expenses	$130,418	$98,297	+0.3%
Net Income	$-9,303	$733,451	-1.0%

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

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

Total Directors

$35,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID J WILK	EXECUTIVE DIRECTOR	15.00	Director	$35,000	$0	$35,000
FRED SEARS	DIRECTOR	3.00	Director	$0	$0	$0
KENNETH W STEWART CPA	TREASURER	3.00	Director	$0	$0	$0
WLLIAM ALLEN JR	DIRECTOR	3.00	Director	$0	$0	$0
SHERESE BREWINGTON-CARR	DIRECTOR	1.00	Director	$0	$0	$0
RAY A BLACKWELL MD	CHAIR	8.00	Director	$0	$0	$0
ROHIT MATHUR	DIRECTOR	1.00	Director	$0	$0	$0
FRANCIS O'MALLEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SONNY KNOTT	DIRECTOR	1.00	Director	$0	$0	$0
C J SEITZ	DIRECTOR	3.00	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
2025	$121,115	$130,418	$2,429,018	$-9,303
2024	$831,748	$98,297	$2,596,520	$733,451
2023	$678,276	$118,819	$2,173,079	$559,457
2022	$926,666	$18,019	$1,135,413	$908,647

FRIENDS OF HOCKESSIN COLORED SCHOOL 107