DELAWARE HEALTH SCIENCES ALLIANCE LLC (EIN 473447709) - 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

OMAR A KHAN MD MHS

Phone

3027333989

Tax Period

2023-07-01 to 2024-06-30

DELAWARE HEALTH SCIENCES ALLIANCE LLC, founded in 2014, is a small nonprofit in the Health Care sector that reported $959K in total revenue in fiscal year 2023. The organization ran a surplus of $464K, a strong 48% operating margin.

Mission

DELAWARE HEALTH SCIENCES ALLIANCE (DHSA) ALIGNS RESOURCES AND EFFORTS TO CREATE A UNIQUE, BOARD BASED ALLIANCE, FOCUSED ON ESTABLISHING INNOVATIVE COLLABORATIONS AMONG EXPERTS IN MEDICAL EDUCATION, MEDICAL PRACTICE, HEALTH POLICY, NURSING, WORKFORCE DEVELOPMENT AND ACROSS THE HEALTH SCIENCES.

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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 $813,880

Program Service Revenue $23,250

Investment Income $122,012

Other Revenue $0

TOTAL REVENUE $959,142

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $441,266

Other Expenses $445,130

TOTAL EXPENSES $495,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$959,142	$951,964	+0.0%
Expenses	$495,130	$385,048	+0.3%
Net Income	$464,012	$566,916	-0.2%

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

$255,551

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$0	$0	$0
N/A	TRUSTEE	1.00		$0	$0	$0
N/A	TRUSTEE	1.00		$0	$0	$0
N/A	TRUSTEE	1.00		$0	$0	$0
OMAR A KHAN MD MHS	PRESIDENT & CEO	20.00	Officer	$0	$0	$255,551
PAMELA K GARDNER	DIRECTOR	24.00	Highest	$0	$0	$107,538

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	No data	No data	No data	No data
2024	$959,142	$495,130	$4,674,020	$464,012
2023	$951,964	$385,048	$4,147,330	$566,916
2022	$825,477	$372,530	$3,467,233	$452,947
2021	$724,859	$354,694	$3,014,286	$370,165
2020	$706,944	$347,669	$2,645,921	$359,275
2019	$688,156	$239,991	$2,284,846	$448,165
2018	$600,682	$186,491	$1,836,681	$414,191

DELAWARE HEALTH SCIENCES ALLIANCE LLC