DELAWARE ACADEMY OF MEDICINE INC (EIN 510075162) - 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

1930

Legal Domicile

Principal Officer

KATHERINE SMITH MD

Phone

3027333900

Tax Period

2023-01-01 to 2023-12-31

DELAWARE ACADEMY OF MEDICINE INC, founded in 1930, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

FOUNDED IN 1930, THE ORGANIZATION FOCUSES ON PUBLIC HEALTH AND RESEARCH.

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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 $1,100,467

Program Service Revenue $102,914

Investment Income $127,278

Other Revenue $2,084

TOTAL REVENUE $1,332,743

Expense Breakdown

Grants Paid $270,406

Salaries & Benefits $597,905

Fundraising Expenses $24,276

Program Expenses $1,280,682

Other Expenses $643,852

TOTAL EXPENSES $1,512,163

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,332,743	$1,759,887	-0.2%
Expenses	$1,512,163	$1,414,240	+0.1%
Net Income	$-179,420	$345,647	-1.5%

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

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

Total Directors

$152,927

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN C JONES LFACHE	PRESIDENT	2.00	Officer Director	$0	$0	$0
STEPHEN C EPPES MD	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
ANN PAINTER MSN RN	SECRETARY	2.00	Officer Director	$0	$0	$0
JEFFREY M COLE DDS MBA	TREASURER	2.00	Officer Director	$0	$0	$0
S JOHN SWANSON MD	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVID M BERCAW MD	DIRECTOR	2.00	Director	$0	$0	$0
SAUNDRA DELAUDER PHD	DIRECTOR	2.00	Director	$0	$0	$0
ERIC T JOHNSON MD	DIRECTOR	2.00	Director	$0	$0	$0
ERIN M KAVANAUGH MD	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH KELLY DDS	DIRECTOR	2.00	Director	$0	$0	$0
OMAR A KHAN MD MHS	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN W LITTLE MD PHD	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL J MEARA MD DMD	DIRECTOR	2.00	Director	$0	$0	$0
JOHN P PIPER DO	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN L WERNER MD MPH	DIRECTOR	2.00	Director	$0	$0	$0
CHARMAINE WRIGHT MD MSHP	DIRECTOR	2.00	Director	$0	$0	$0
BARRY KAYNE	EMERITUS	1.00	Director	$0	$0	$0
JOSEPH KESTNER JR MD	EMERITUS	1.00	Director	$0	$0	$0
TIM GIBBS MPH	EXECUTIVE DIRECTOR	40.00	Director	$133,731	$19,196	$152,927
KATHERINE SMITH MD MPH	PROGRAM MANAGER	40.00	Highest	$110,004	$8,618	$118,622

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	$1,332,743	$1,512,163	$5,459,261	$-179,420
2022	$1,759,887	$1,414,240	$3,796,742	$345,647
2021	$554,424	$546,956	$3,589,427	$7,468
2020	$700,082	$451,280	$3,270,188	$248,802
2019	$423,487	$537,005	$2,833,791	$-113,518
2018	$501,357	$494,828	$2,537,819	$6,529

DELAWARE ACADEMY OF MEDICINE INC