DELAWARE CENTER FOR HEALTH INNOVATION INC

EIN: 473638935 501(c)(3)

Newark, DE

Total Revenue
$150,000
Total Expenses
$249,122
Total Assets
$91,993
Net Assets
$73,080
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
DE
Principal Officer
MATT SWANSON
Tax Period
2020-01-01 to 2020-12-31

DELAWARE CENTER FOR HEALTH INNOVATION INC, founded in 2014, is a small nonprofit that reported $150K in total revenue in fiscal year 2020. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $249K exceeded revenue, resulting in a 66% operating deficit.

Mission

THE ORGANIZATION DEVELOPS, FACILITATES, AND OVERSEES THE IMPLEMENTATION OF COLLABORATIVE EFFORTS AIMED AT TRANSFORMING THE DELIVERY OF HEALTH CARE SERVICES IN DELAWARE.

Program Service Accomplishments

Program 1
Expenses: $182,525

THE ORGANIZATION DEVELOPS, FACILITATES AND OVERSEES THE IMPLEMENTATION OF COLLABORATIVE EFFORTS AIMED AT TRANSFORMING THE DELIVERY OF HEALTH CARE SERVICES IN DELAWARE.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $150,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $150,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $143,696
Fundraising Expenses $33,435
Program Expenses $182,525
Other Expenses $105,426
TOTAL EXPENSES $249,122

Year-over-Year Comparison

2020 2019 Change
Revenue $150,000 $320,000 -0.5%
Expenses $249,122 $282,882 -0.1%
Net Income $-99,122 $37,118 -3.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
16
Employees
3
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
2
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULANE W MILLER-ARMBRISTER EXECUTIVE DIRECTOR PARTIAL Y 40.00
$18,269 $0 $18,269
CINDY BO DIRECTOR 2.00
Director
$0 $0 $0
GARY SIEGELMAN DIRECTOR 2.00
Director
$0 $0 $0
BRENDA LAKEMAN DIRECTOR 2.00
Director
$0 $0 $0
STEPHEN KUSHNER DIRECTOR 2.00
Director
$0 $0 $0
FAITH RENTZ DIRECTOR 2.00
Director
$0 $0 $0
KENT EVANS DIRECTOR 0.00
Director
$0 $0 $0
NICHOLAS MORIELLO DIRECTOR 2.00
Director
$0 $0 $0
KARA ODOM WALKER DIRECTOR 2.00
Director
$0 $0 $0
ALAN GREENGLASS DIRECTOR 2.00
Director
$0 $0 $0
NANCY FAN DIRECTOR 2.00
Director
$0 $0 $0
TRACI BOLANDER DIRECTOR 2.00
Director
$0 $0 $0
KATHY JANVIER DIRECTOR 2.00
Director
$0 $0 $0
LOLITA LOPEZ SECRETARY 2.00
Director
$0 $0 $0
JAN LEE DIRECTOR 2.00
Director
$0 $0 $0
RITA LANDGRAF DIRECTOR 2.00
Director
$0 $0 $0
MATT SWANSON BOARD CHAIR 2.00
Officer
$0 $0 $0
THOMAS BROWN TREASURER 2.00
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
2020 $150,000 $249,122 $91,993 $-99,122
2019 $320,000 $282,882 $189,940 $37,118
2018 $532,950 $589,868 $174,346 $-56,918
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