DELAWARE RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION (EIN 473001109) - 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

2014

Legal Domicile

Principal Officer

CARRIE LEISHMAN

Phone

8663722545

Tax Period

2023-01-01 to 2023-12-31

DELAWARE RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION, founded in 2014, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $552K in total revenue in fiscal year 2023.

Mission

THE DELAWARE RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION IMPROVES THE RESTAURANT AND HOSPITALITY INDUSTRY THROUGH 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 (2023)

Revenue Breakdown

Contributions & Grants $433,361

Program Service Revenue $96,093

Investment Income $59

Other Revenue $22,221

TOTAL REVENUE $551,734

Expense Breakdown

Grants Paid $11,584

Salaries & Benefits $349,172

Fundraising Expenses $0

Program Expenses $321,982

Other Expenses $178,963

TOTAL EXPENSES $539,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$551,734	$565,242	0.0%
Expenses	$539,719	$456,934	+0.2%
Net Income	$12,015	$108,308	-0.9%

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

$207,615

Total Directors

$207,615

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM HANNUM	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
JAVIER ACUNA	VICE CHAIR	0.25	Officer Director	$0	$0	$0
TIM HUNTER	TREASURER	0.25	Officer Director	$0	$0	$0
KELLY O'HANLON	IMMEDIATE PAST CHAIRMAN	1.00	Officer Director	$0	$0	$0
CARRIE LEISHMAN	PRESIDENT & CEO	13.00	Officer Director	$103,807	$0	$207,615
MEGHAN GARDNER	DIRECTOR	0.25	Director	$0	$0	$0
XAVIER TEIXIDO	DIRECTOR	0.25	Director	$0	$0	$0
HANK ROSENBERG	DIRECTOR	0.25	Director	$0	$0	$0
MICHELLE SOUZA	DIRECTOR	0.25	Director	$0	$0	$0
COREY HARRISON	DIRECTOR	0.25	Director	$0	$0	$0
RAELYNN GROGAN	DIRECTOR	0.25	Director	$0	$0	$0
MICHELLE HILL-SHANER	DIRECTOR	0.25	Director	$0	$0	$0
JONATHAN WICKERT	DIRECTOR	0.25	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
2023	$551,734	$539,719	$301,528	$12,015
2022	$565,242	$456,934	$289,182	$108,308
2021	$461,957	$330,147	$178,315	$131,810
2020	$583,292	$650,654	$115,407	$-67,362
2019	$413,587	$399,842	$116,027	$13,745
2018	$301,346	$307,303	$101,718	$-5,957

DELAWARE RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION