KENT-SUSSEX INDUSTRIES INC

EIN: 510097856 501(c)(3) Employment

MILFORD, DE

Total Revenue
$8,781,099
Total Expenses
$8,165,079
Total Assets
$11,805,334
Net Assets
$9,987,879
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
DE
Principal Officer
MARK DUFENDACH
Phone
3024224014
Tax Period
2024-07-01 to 2025-06-30

KENT-SUSSEX INDUSTRIES INC, founded in 1962, is a community nonprofit in the Employment sector that reported $8.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $8.2M left a modest 7% surplus.

Mission

KSI PROVIDES DAY HABILITATION AND EMPLOYMENT SERVICES TO PEOPLE WITH DISABILITIES. THIS SERVICE IS PROVIDED IN VARIOUS COMMUNITY SETTINGS IN ADDITION TO THE MILFORD SKILL DEVELOPMENT CENTER. KSI ALSO PROVIDES EVALUATION, PLACEMENT AND TRANSPORTATION SERVICES FOR OUR PARTICIPANTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $307,212
Program Service Revenue $7,738,786
Investment Income $511,988
Other Revenue $223,113
TOTAL REVENUE $8,781,099

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,392,237
Fundraising Expenses $0
Program Expenses $6,801,889
Other Expenses $1,772,842
TOTAL EXPENSES $8,165,079

Year-over-Year Comparison

2024 2023 Change
Revenue $8,781,099 $7,769,289 +0.1%
Expenses $8,165,079 $7,830,918 +0.0%
Net Income $616,020 $-61,629 -11.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
226
Volunteers
12

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
6
$221,154
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATH B CHASANOV CHIEF EXECUTIVE OFFICER 40.00
Officer
$175,000 $0 $175,000
JAMES A GREENWELL VICE PRESIDENT OF FINANCE 40.00
Highest
$125,635 $0 $125,635
LINDA PEARSON VICE PRESIDENT OF OPERATION 40.00
Highest
$110,124 $0 $110,124
JESSE SPAMPINATO CHAIR 1.00
Officer Director
$0 $0 $0
SHELLY CECCHETT VICE CHAIR 1.00
Officer Director
$0 $0 $0
KEITH KAHN TREASURER 1.00
Officer Director
$0 $0 $0
DR BOBBI J BARENDS SECRETARY 1.00
Officer Director
$0 $0 $0
MARK DUFENDACH VICE PRESIDENT OF FINANCE & TECHNOLOGY 40.00
Officer
$46,154 $0 $46,154
FREDERICK A DUFFY BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES HAMMOND BOARD MEMBER 1.00
Director
$0 $0 $0
JASON L JAMES SR BOARD MEMBER 1.00
Director
$0 $0 $0
DR THOMAS E KELLY III BOARD MEMBER 1.00
Director
$0 $0 $0
BRYAN PEPPER BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICIA RODRIGUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
DR DONNA SMITH-MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM STRICKLAND BOARD MEMBER 1.00
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
2025 $8,781,099 $8,165,079 $11,805,334 $616,020
2024 $7,769,289 $7,830,918 $10,948,713 $-61,629
2023 $9,467,470 $7,377,992 $9,610,013 $2,089,478
2022 $7,489,169 $6,275,163 $7,342,017 $1,214,006
2021 $6,596,720 $5,368,813 $6,565,282 $1,227,907
2020 $6,532,220 $6,517,657 $5,617,091 $14,563
2019 $7,886,172 $7,390,676 $5,660,996 $495,496
2018 $7,224,728 $7,182,211 $5,243,741 $42,517
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