ZIP CODE WILMINGTON INC

EIN: 473853334 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$1,523,847
Total Expenses
$2,175,598
Total Assets
$1,651,323
Net Assets
$1,112,004
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
DE
Principal Officer
BENJAMIN F DUPONT
Phone
3022565203
Tax Period
2023-01-01 to 2023-12-31

ZIP CODE WILMINGTON INC, founded in 2015, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 43% operating deficit.

Mission

FOUNDED IN 2015, ZIP CODE WILMINGTON IS A NONPROFIT SOFTWARE CODING BOOTCAMP THAT PROVIDES HIGH QUALITY SOFTWARE PROGRAMMING TRAINING TO THOSE SEEKING TO TRANSITION INTO CAREERS AS SOFTWARE DEVELOPERS AND DATA ENGINEERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $925,210
Program Service Revenue $594,832
Investment Income $1,568
Other Revenue $2,237
TOTAL REVENUE $1,523,847

Expense Breakdown

Grants Paid $145,435
Salaries & Benefits $1,288,438
Fundraising Expenses $191,478
Program Expenses $1,566,873
Other Expenses $741,725
TOTAL EXPENSES $2,175,598

Year-over-Year Comparison

2023 2022 Change
Revenue $1,523,847 $2,642,322 -0.4%
Expenses $2,175,598 $1,919,344 +0.1%
Net Income $-651,751 $722,978 -1.9%
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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Governance

Voting Members
7
Independent Members
7
Employees
12
Volunteers
5

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
7
$0
Total Directors
0
$0
Key Employees
1
$175,002
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN F DUPONT CHAIRMAN OF 2.00
Officer
$0 $0 $0
C PORTER SHUTT III BOARD MEMBER 2.00
Officer
$0 $0 $0
TERI QUINN-GRAY BOARD MEMBER 2.00
Officer
$0 $0 $0
GARY MOYER BOARD MEMBER 2.00
Officer
$0 $0 $0
DIEGO F CALDERIN BOARD MEMBER 2.00
Officer
$0 $0 $0
AYANNA HILL BOARD MEMBER 2.00
Officer
$0 $0 $0
KAY FENNIMORE BOARD MEMBER 2.00
Officer
$0 $0 $0
DESA BURTON EXECUTIVE DI 40.00
Key Emp
$154,320 $20,682 $175,002
KRISTOFER YOUNGER DIRECTOR OF 40.00
Highest
$145,000 $4,935 $149,935
LOSSIE FREEMAN PARTNERSHIPS 40.00
Highest
$109,295 $16,441 $125,736
LAWRENCE DURANT LEAD INSTRUC 40.00
Highest
$114,883 $27,900 $142,783
MIKAILA AKEREDOLU TECHNICAL IN 40.00
Highest
$118,000 $4,071 $122,071
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 $1,523,847 $2,175,598 $1,651,323 $-651,751
2022 $2,642,322 $1,919,344 $2,274,959 $722,978
2021 $1,912,603 $1,723,087 $1,599,498 $189,516
2020 $2,162,429 $2,061,927 $1,241,450 $100,502
2019 $2,115,879 $2,254,072 $775,192 $-138,193
2018 $2,466,987 $2,208,742 $899,225 $258,245
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