Delaware Trial Lawyers Association (EIN 510237953) - 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

1979

Legal Domicile

Principal Officer

Carolyn Donofrio

Phone

3024212801

Tax Period

2024-07-01 to 2025-06-30

Delaware Trial Lawyers Association, founded in 1979, is a small nonprofit that reported $394K in total revenue in fiscal year 2024. Expenses of $358K left a modest 9% surplus.

Mission

Membership organization established to promote the trial practice of law, advance common law and the finest traditions of jurisprudence, and to provide education, networking, and other services to its members.

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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 (2024)

Revenue Breakdown

Contributions & Grants $259,509

Program Service Revenue $119,578

Investment Income $14,534

Other Revenue $214

TOTAL REVENUE $393,835

Expense Breakdown

Grants Paid $2,750

Salaries & Benefits $165,138

Fundraising Expenses $0

Other Expenses $189,909

TOTAL EXPENSES $357,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,835	$398,277	0.0%
Expenses	$357,797	$378,709	-0.1%
Net Income	$36,038	$19,568	+0.8%

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

$130,367

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy E Lengkeek	AAJ State Governor	2.00	Director	$0	$0	$0
Ross C Karsnitz	Sussex County Member	2.00	Director	$0	$0	$0
Meghan B Houser	CLE Committee Chair	2.00	Director	$0	$0	$0
Shakuntla L Bhaya	Legislative Committee Chair	2.00	Director	$0	$0	$0
Yvonne Takvorian Saville	CLE Committee Chair	2.00	Director	$0	$0	$0
Edward Curley	Membership Committee Chair	2.00	Director	$0	$0	$0
Jonathan B O'Neil	Membership Committee Chair	2.00	Director	$0	$0	$0
Catherine M Cramer	New Castle County Member	2.00	Director	$0	$0	$0
Lawrance Spiller Kimmel	Triad Committee Chair	2.00	Director	$0	$0	$0
Jason D Warren	Membership Committee Chair	2.00	Director	$0	$0	$0
Rachel D Allen	President-Elect	2.00	Officer Director	$0	$0	$0
Samuel D Pratcher III	Triad Committee Chair	2.00	Director	$0	$0	$0
Tara E Bustard	Secretary & Immediate Past	2.00	Officer Director	$0	$0	$0
James R Donovan	Immediate Past President	2.00	Officer Director	$0	$0	$0
Lauren A Cirrinicione	President	2.00	Officer Director	$0	$0	$0
Stephen T Morrow	Legislative Committee Chair	2.00	Director	$0	$0	$0
Gwendolyn M Osborn-Gustavson	Treasurer	2.00	Officer Director	$0	$0	$0
Patrick C Gallagher	Vice President	2.00	Officer Director	$0	$0	$0
Robert C Collins II	Kent County Member	2.00	Director	$0	$0	$0
Ryan T Keating	AAJ State Delegate	2.00	Director	$0	$0	$0
Jennifer D Donnelly	CLE Committee Chair	2.00	Director	$0	$0	$0
Courtney R Prinski	AAJ State Delegate	2.00	Director	$0	$0	$0
Carolyn Donofrio	Executive Director	40.00	Officer	$110,628	$19,739	$130,367

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	$393,835	$357,797	$900,682	$36,038
2024	$398,277	$378,709	$642,903	$19,568
2023	$385,896	$337,929	$599,583	$47,967
2022	$363,736	$316,744	$473,470	$46,992
2021	$335,106	$283,292	$461,023	$51,814
2020	$276,464	$305,844	$417,611	$-29,380
2019	$326,746	$299,703	$397,543	$27,043
2018	$317,803	$301,989	$370,717	$15,814

Delaware Trial Lawyers Association