DELAWARE AGRICULTURAL MUSEUM ASSOCIATION (EIN 510177358) - 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

1976

Principal Officer

SAMANTHA STEELE

Phone

3027341618

Tax Period

2023-07-01 to 2024-06-30

DELAWARE AGRICULTURAL MUSEUM ASSOCIATION, founded in 1976, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $642K, a strong 50% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO COLLECT, PRESERVE, EXHIBIT AND INTERPRET THE HISTORY AND TECHNOLOGY OF DELAWARE AND THE DELMARVA PENINSULA'S FARM LIFE/CULTURE AND TO OFFER PUBLIC EDUCATION PROGRAMS AND SERVICES RELATED TO ASPECTS OF THE SAME.

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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 $1,062,117

Program Service Revenue $35,876

Investment Income $99,336

Other Revenue $84,384

TOTAL REVENUE $1,281,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,370

Fundraising Expenses $4,195

Program Expenses $554,084

Other Expenses $338,397

TOTAL EXPENSES $639,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,281,713	$3,046,424	-0.6%
Expenses	$639,767	$560,873	+0.1%
Net Income	$641,946	$2,485,551	-0.7%

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

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE CLASS-PETERS	TRUSTEE	2.00	Director	$0	$0	$0
SHERRY DORSEY-WALKER	TRUSTEE	2.00	Director	$0	$0	$0
MELISSA HARRINGTON	TRUSTEE	2.00	Director	$0	$0	$0
KYRA HUFFNER	TRUSTEE	2.00	Director	$0	$0	$0
BRENT MCCABE ADAMS III	TRUSTEE	2.00	Director	$0	$0	$0
LAUREN IRBY	TRUSTEE	2.00	Director	$0	$0	$0
HARVEY KENTON	TRUSTEE	2.00	Director	$0	$0	$0
DAVID MARVEL	TRUSTEE	2.00	Director	$0	$0	$0
BONNIE MCCANN	TRUSTEE	3.00	Director	$0	$0	$0
CODY PETTIT	TREASURER	2.00	Officer Director	$0	$0	$0
SCOTT QUINN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DENIS SHAFFER	TRUSTEE	2.00	Director	$0	$0	$0
F GARY SIMPSON	TRUSTEE	2.00	Director	$0	$0	$0
WHITNEY SNOW	TRUSTEE	1.00	Director	$0	$0	$0
SAMANTHA STEELE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM THOMPSON	TRUSTTE	2.00	Director	$0	$0	$0
FRANCES WEST	SECRETARY	2.00	Officer 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	No data	No data	No data	No data
2024	$1,281,713	$639,767	$5,945,470	$641,946
2023	$3,046,424	$560,873	$5,293,789	$2,485,551
2022	$1,933,894	$427,620	$2,860,288	$1,506,274
2021	$468,287	$318,776	$1,219,039	$149,511
2020	$503,139	$293,243	$1,073,801	$209,896
2019	$284,264	$315,730	$836,006	$-31,466

DELAWARE AGRICULTURAL MUSEUM ASSOCIATION