DELAWARE HEALTHCARE ASSOCIATION

EIN: 510106112

DOVER, DE

Total Revenue
$2,499,612
Total Expenses
$1,561,195
Total Assets
$3,030,740
Net Assets
$2,981,750
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
DE
Principal Officer
BRIAN FRAZEE
Phone
3026742853
Tax Period
2023-07-01 to 2024-06-30

DELAWARE HEALTHCARE ASSOCIATION, founded in 1967, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $938K, a strong 38% operating margin.

Mission

THE PRIMARY ROLE OF THE ASSOCIATION IS TO SERVE AS A LEADER IN THE PROMOTION OF EFFECTIVE CHANGE IN HEALTH SERVICES THROUGH COLLABORATION AND CONSENSUS BUILDING ON HEALTH CARE ISSUES AT THE STATE AND FEDERAL LEVELS.

Program Service Accomplishments

Program 1

STATEWIDE TRADE AND MEMBERSHIP SERVICES ORGANIZATION THAT EXISTS TO REPRESENT AND SERVE HOSPITALS, HEALTH SYSTEMS, AND RELATED HEALTH CARE ORGANIZATIONS IN THEIR ROLE OF PROVIDING A CONTINUUM OF...

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STATEWIDE TRADE AND MEMBERSHIP SERVICES ORGANIZATION THAT EXISTS TO REPRESENT AND SERVE HOSPITALS, HEALTH SYSTEMS, AND RELATED HEALTH CARE ORGANIZATIONS IN THEIR ROLE OF PROVIDING A CONTINUUM OF APPROPRIATE, COST-EFFECTIVE, QUALITY CARE TO IMPROVE THE HEALTH OF THE PEOPLE OF 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 (2023)

Revenue Breakdown

Contributions & Grants $1,139,855
Program Service Revenue $1,315,159
Investment Income $44,598
Other Revenue $0
TOTAL REVENUE $2,499,612

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,259,561
Fundraising Expenses $0
Other Expenses $301,634
TOTAL EXPENSES $1,561,195

Year-over-Year Comparison

2023 2022 Change
Revenue $2,499,612 $1,230,796 +1.0%
Expenses $1,561,195 $1,303,491 +0.2%
Net Income $938,417 $-72,695 -13.9%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
6
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
4
$76,395
Total Directors
7
$76,395
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID TAM CHAIR 0.00
Officer Director
$0 $0 $0
TERRY M MURPHY SECRETARY/TREASURY 0.00
Officer Director
$0 $0 $0
JANICE ENEVIN VICE CHAIR 0.00
Officer Director
$0 $0 $0
BRIAN W FRAZEE PRESIDENT & CEO 40.00
Officer Director
$68,596 $7,799 $76,395
MARK MARCANTANO DIRECTOR AT-LARGE 0.00
Director
$0 $0 $0
PENNY SHORT DIRECTOR AT-LARGE 0.00
Director
$0 $0 $0
JAMES WOODWARD DIRECTOR AT-LARGE 0.00
Director
$0 $0 $0
MEGAN WILLIAMS VICE PRESIDENT 40.00
Highest
$170,985 $32,848 $203,833
WAYNE A SMITH FORMER PRESIDENT & CEO 40.00
$458,002 $0 $458,002
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 $2,499,612 $1,561,195 $3,030,740 $938,417
2023 $1,230,796 $1,303,491 $2,098,800 $-72,695
2022 $1,193,485 $1,156,835 $2,621,933 $36,650
2021 $2,279,163 $2,105,743 $2,277,676 $173,420
2020 $1,321,130 $1,129,365 $1,955,079 $191,765
2019 $1,245,962 $1,113,209 $1,759,524 $132,753
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