DELAWARE TECHNICAL & COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

EIN: 510246178 501(c)(3) Education

DOVER, DE

Total Revenue
$6,809,906
Total Expenses
$4,510,869
Total Assets
$44,654,510
Net Assets
$44,394,777
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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
1968
Legal Domicile
DE
Principal Officer
DR MARK BRAINARD
Phone
3027394058
Tax Period
2025-01-01 to 2025-12-31

DELAWARE TECHNICAL & COMMUNITY COLLEGE EDUCATIONAL FOUNDATION, founded in 1968, is a community nonprofit in the Education sector that reported $6.8M in total revenue in fiscal year 2025. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 34% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO DELAWARE TECHNICAL & COMMUNITY COLLEGE

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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 (2025)

Revenue Breakdown

Contributions & Grants $5,146,204
Program Service Revenue $0
Investment Income $1,336,652
Other Revenue $327,050
TOTAL REVENUE $6,809,906

Expense Breakdown

Grants Paid $4,238,432
Salaries & Benefits $74,793
Fundraising Expenses $0
Program Expenses $4,417,984
Other Expenses $197,644
TOTAL EXPENSES $4,510,869

Year-over-Year Comparison

2025 2024 Change
Revenue $6,809,906 $3,359,564 +1.0%
Expenses $4,510,869 $3,083,554 +0.5%
Net Income $2,299,037 $276,010 +7.3%
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
11
Independent Members
11
Employees
1
Volunteers
643

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
1
$458,664
Total Directors
12
$458,664
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY J SHEVOCK CHAIRMAN 0.00
Director
$0 $0 $0
PATTI A GRIMES VICE CHAIRMAN 0.00
Director
$0 $0 $0
MICHAEL J HARE BOARD MEMBER 0.00
Director
$0 $0 $0
ROBERT E HAGERTY BOARD MEMBER 0.00
Director
$0 $0 $0
DIANE F GLENN BOARD MEMBER 0.00
Director
$0 $0 $0
W CHARLES PARADEE III SPECIAL TRUSTEE 0.00
Director
$0 $0 $0
JAMES B PORTER JR SPECIAL TRUSTEE 0.00
Director
$0 $0 $0
THOMAS ST JOHN SPECIAL TRUSTEE 0.00
Director
$0 $0 $0
CINDY L SZABO ESQ SPECIAL TRUSTEE 0.00
Director
$0 $0 $0
COLONEL JOSEPH A COOKE JR BOARD MEMBER 0.00
Director
$0 $0 $0
DR MARK BRAINARD PRESIDENT 1.00
Officer Director
$74,793 $20,234 $458,664
DR MICHAEL D REDMOND BOARD MEMBER 0.00
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 $6,809,906 $4,510,869 $44,654,510 $2,299,037
2024 No data No data No data No data
2023 $3,124,497 $2,345,346 $37,573,030 $779,151
2022 $2,759,171 $1,892,697 $33,965,936 $866,474
2021 $6,752,671 $2,652,998 $39,323,835 $4,099,673
2020 $2,006,416 $2,232,458 $33,303,513 $-226,042
2019 $3,248,491 $2,039,900 $30,486,504 $1,208,591
2018 $4,115,920 $1,619,329 $26,230,633 $2,496,591
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