DELAWARE CANAL 21

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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

2000

Legal Domicile

Principal Officer

CRAIG D MILLER

Phone

2155676565

Tax Period

2021-01-01 to 2021-12-31

DELAWARE CANAL 21, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $198K in total revenue in fiscal year 2021. Revenue decreased 6% compared to the prior year.

Mission

THE MISSION OF DELAWARE CANAL 21 IS TO ORGANIZE, SECURE AND SUPPORT BOTH EXISTING AND NEW PUBLIC AND PRIVATE PARTNERSHIPS AND NEW FUNDING SOURCES AND OPERATING MODELS IN ORDER TO SUPPLEMENT SHORT-TERM AND LONG-TERM MAINTENANCE AND CAPITAL IMPROVEMENT INITIATIVES BY THE COMMONWEALTH OF PENNSYLVANIA TO SUSTAIN THE DELAWARE CANAL. WE SEEK TO HAVE THE CANAL FULLY-WATERED, IN ORDER TO PRESERVE ITS MANY ECOLOGICAL, CULTURAL, AND ECONOMIC BENEFITS. WE RESPECT THE DELAWARE CANAL AS AN ENDURING HISTORIC ARTIFACT, WE SUPPORT IT AS A PUBLIC RECREATION AND CIVIC AMENITY, AND WE HONOR ITS BEAUTY.

Program Service Accomplishments

Program 1

Expenses: $158,858

SUSTAINABILITY PROGRAM - THIS PROGRAM ACKNOWLEDGES THE DELAWARE CANAL REQUIRES A LEVEL OF FUNDING THAT SIMPLY CANNOT BE ADEQUATELY FUNDED BY A STATE PARK SYSTEM AND SEEKS TO FIND A "BUSINESS MODEL" WHEREBY THE CANAL RESUMES FISCAL SUSTAINABILITY. IN 2021, DELAWARE CANAL 21 COMMENCED WORK ON A FORMAL FEASABILITY STUDY INTO THE FORMATION OF A NEW COUNTY-LEVEL BUSINESS PARTNER SUCH AS AN AUTHORITY OR SPECIAL SERVICES DISTRICT. THE RESULTS OF THIS STUDY ARE EXPECTED TO BECOME AVAILABLE IN 2022.

Program 2

Expenses: $7,418

WATER PROGRAM - THIS PROGRAM'S GOAL IS TO ENSURE THE DELAWARE CANAL IS FULLY WATERED FOR ITS ENTIRE 60 MILES. IN 2018-2021, DELAWARE CANAL 21 IS CONDUCTING THE FOLLOWING WATER STUDIES: 1) HYDRAULICS W/ FOCUS ON MORRISVILLE FLOODING (FLOW RATES, OVERFLOWS, ETC.) 2) WATER LOSS PREVENTION (SINKHOLES, MATERIALS, ETC.) 3) WATER QUALITY MONITORING PROGRAM EXPENSES DO NOT INCLUDE 2,875 IN DONATED SERVICES.

Program 3

Expenses: $7,418

TRAIL PROGRAM - THIS PROGRAM SEEKS TO IMPROVE THE DELAWARE CANAL TOWPATH TRAIL AND PUBLIC ACCESS TO THAT TRAIL FOR ALL POPULATIONS. IN 2018-2021, DELAWARE CANAL 21 IS CONDUCTING TRAIL IMPROVEMENT...

TRAIL PROGRAM - THIS PROGRAM SEEKS TO IMPROVE THE DELAWARE CANAL TOWPATH TRAIL AND PUBLIC ACCESS TO THAT TRAIL FOR ALL POPULATIONS. IN 2018-2021, DELAWARE CANAL 21 IS CONDUCTING TRAIL IMPROVEMENT PLANNING PROJECTS AT THE FOLLOWING LOCATIONS: 1) EASTON PORTAL - HEAD OF THE CANAL AND LINKAGE TO DOWNTOWN EASTON 2) I-95 / SCUDDERS FALLS PORTAL - AT A NEW JUNCTION POINT W/ NJ D&R CANAL 3) YARDLEY TOWPATH - ADDRESS CHRONIC FLOODING 4) BRISTOL PORTAL - REVITALIZE AND DAYLIGHT THE FINAL MILE OF THE CANAL PROGRAM EXPENSES DO NOT INCLUDE 2,875 IN DONATED SERVICES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $197,741

Program Service Revenue $0

Investment Income $106

Other Revenue $0

TOTAL REVENUE $197,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,004

Fundraising Expenses $6,879

Program Expenses $178,343

Other Expenses $149,326

TOTAL EXPENSES $199,330

Year-over-Year Comparison

	2021	2020	Change
Revenue	$197,847	$209,370	-0.1%
Expenses	$199,330	$255,302	-0.2%
Net Income	$-1,483	$-45,932	-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

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

$50,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN D BLACK	CHAIRMAN EME	5.00	Officer Director	$0	$0	$0
RICHARD HENRIQUES	CHAIRMAN	10.00	Officer Director	$0	$0	$0
WILLIAM G KIESLING	VICE CHAIRMA	5.00	Officer Director	$0	$0	$0
CRAIG D MILLER	TREASURER	7.00	Officer Director	$0	$0	$0
LYNN BUSH	SECRETARY	5.00	Officer Director	$0	$0	$0
R RANDOLPH APGAR	DIRECTOR	5.00	Director	$0	$0	$0
BOYCE BUDD	DIRECTOR	3.00	Director	$0	$0	$0
ELIZABETH FALCONI	DIRECTOR	5.00	Director	$0	$0	$0
DON MCCLOSKEY	DIRECTOR	5.00	Director	$0	$0	$0
DOUG DOLAN	EXECUTIVE DI	20.00	Officer	$50,004	$0	$50,004
LEA MARSHALL	ADMIN	5.00	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
2021	$197,847	$199,330	$197,578	$-1,483
2020	$209,370	$255,302	$204,748	$-45,932
2019	$241,097	$236,233	$197,107	$4,864