THE FOUNDATION FOR DELTA EDUCATION… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

MYRA EVERETTE

Phone

8168004363

Tax Period

2023-07-01 to 2024-06-30

THE FOUNDATION FOR DELTA EDUCATIONAL & ECONOMIC DEVELOPMENT, founded in 1998, is a small nonprofit in the Education sector that reported $416K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO EMPOWER YOUTH, WOMEN AND FAMILIES THROUGH EDUCATIONAL AND ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $143,202 Revenue: $151,051

THE ORGANIZATION PARTNERED WITH THE KANSAS CITY ALUMNAE CHAPTERS OF DELTA SIGMA THETA TO SUPPORT THE COTILLION YOUTH DEVELOPMENT AND SCHOLARSHIP PROGRAM WHICH AWARDS SEVERAL THOUSAND DOLLARS IN...

THE ORGANIZATION PARTNERED WITH THE KANSAS CITY ALUMNAE CHAPTERS OF DELTA SIGMA THETA TO SUPPORT THE COTILLION YOUTH DEVELOPMENT AND SCHOLARSHIP PROGRAM WHICH AWARDS SEVERAL THOUSAND DOLLARS IN SCHOLARSHIPS TO SELECTED HIGH SCHOOL SENIORS EACH YEAR FOR POST-SECONDARY EDUCATION EXPENSES. THE PROGRAM PROVIDED A VARIETY OF WORKSHOPS AND ACTIVITIES TO HELP PREPARE THE RECIPIENTS FOR COLLEGE AND BEYOND. COTILLION ACTIVITIES TAKE PLACE OVER SIX MONTHS AND PROVIDE WORKSHIPS IN THE AREAS OF TIME MANAGEMENT, INTERVIEWING, FINANCIAL MANAGEMENT AND MAKING HEALTHY CHOICES. ACTIVITIES ALSO INCLUDED A TOUR OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES.

Program 2

Expenses: $243,326 Revenue: $131,286

THE DELTA ATHENAEUM, ALSO KNOWN AS THE "DELTA HOUSE" IS A HISTORIC BUILDING (CONSTRUCTED IN 1914) WITH EVENT SPACE AND OFFICE FACILITIES FOR NON-PROFIT ORGANIZATIONS IN MID-TOWN KANSAS CITY. IT IS...

THE DELTA ATHENAEUM, ALSO KNOWN AS THE "DELTA HOUSE" IS A HISTORIC BUILDING (CONSTRUCTED IN 1914) WITH EVENT SPACE AND OFFICE FACILITIES FOR NON-PROFIT ORGANIZATIONS IN MID-TOWN KANSAS CITY. IT IS AVAILABLE TO INDIVIDUALS AND GROUPS FOR COMMUNITY FORUMS, MEETINGS, RECITALS, WORKSHIPS AND OTHER EDUCATIONAL AND ECONOMIC DEVELOPMENT PROGRAM NEEDS.

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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 $126,309

Program Service Revenue $282,337

Investment Income $2,007

Other Revenue $5,108

TOTAL REVENUE $415,761

Expense Breakdown

Grants Paid $131,890

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $386,528

Other Expenses $277,234

TOTAL EXPENSES $409,124

Year-over-Year Comparison

	2023	2022	Change
Revenue	$415,761	$331,866	+0.3%
Expenses	$409,124	$304,866	+0.3%
Net Income	$6,637	$27,000	-0.8%

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

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
ALAINA BROOKS	VICE - PRESIDENT	5.00	Officer Director	$0	$0	$0
DEBRA DAVIS	TREASURER	5.00	Officer Director	$0	$0	$0
NICOLE BOHANNON	FINANCIAL SECRETARY	5.00	Officer Director	$0	$0	$0
SANDIDA MOSS	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE SIMMS-PATTON	DIRECTOR	1.00	Director	$0	$0	$0
JASMINE THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
LORENE JAMES	DIRECTOR	1.00	Director	$0	$0	$0
BONITA POWELL	PRESIDENT	5.00	Officer Director	$0	$0	$0
LAUREN ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
CONSUELO ROSS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE SMITH	SECRETARY	5.00	Officer Director	$0	$0	$0
MARCEDA STARKS	DIRECTOR	1.00	Director	$0	$0	$0
SELENA SMITH	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	No data	No data	No data	No data
2024	$415,761	$409,124	$1,049,950	$6,637
2023	$331,866	$304,866	$910,388	$27,000
2022	$324,824	$178,263	$891,917	$146,561
2021	$272,817	$200,243	$939,383	$72,574
2020	$262,462	$211,438	$979,687	$51,024
2019	$264,045	$297,187	$950,897	$-33,142
2018	$415,793	$293,266	$1,004,012	$122,527

THE FOUNDATION FOR DELTA EDUCATIONAL & ECONOMIC DEVELOPMENT