DELAWARE RESTAURANT ASSOCIATION

EIN: 510248572

NEWARK, DE

Total Revenue
$1,595,161
Total Expenses
$1,325,919
Total Assets
$2,056,284
Net Assets
$2,037,105
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
DE
Principal Officer
CARRIE LEISHMAN
Phone
8663722545
Tax Period
2023-01-01 to 2023-12-31

DELAWARE RESTAURANT ASSOCIATION, founded in 1965, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $269K, a strong 17% operating margin.

Mission

THE DELAWARE RESTAURANT ASSOCIATION IS A STATE TRADE ASSOCIATION DEDICATED TO THE PROMOTION, PROTECTION, AND IMPROVEMENT OF THE DELAWARE FOOD SERVICE INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $107,886 Revenue: $161,815

ALCOHOLIC BEVERAGE SERVER TRAINING - DELAWARE REQUIRES ANYONE WHO SERVES, SELLS OR HANDLES ALCOHOLIC BEVERAGES TO RECEIVE TRAINING IN SAFELY SERVING AND RELATED SERVING LAWS. THE ORGANIZATION OFFERS...

Read more

ALCOHOLIC BEVERAGE SERVER TRAINING - DELAWARE REQUIRES ANYONE WHO SERVES, SELLS OR HANDLES ALCOHOLIC BEVERAGES TO RECEIVE TRAINING IN SAFELY SERVING AND RELATED SERVING LAWS. THE ORGANIZATION OFFERS AN ONLINE TRAINING COURSE IN PARTNERSHIP WITH INNOVALEARN AND THE SCHOOL ONLINE TRAINING ACADEMY. IN 2023, 9,020 PEOPLE TOOK THE COURSE.

Program 2
Expenses: $355,101 Revenue: $358,101

SUPPORT OF PARTNER ORGANIZATION - THE ORGANIZATION RENTS OFFICE SPACE TO, AS WELL AS SHARES PAYROLL OVERHEAD EXPENSES WITH A RELATED ORGANIZATION, DELAWARE RESTAURANT ASSOCIATION EDUCATIONAL...

Read more

SUPPORT OF PARTNER ORGANIZATION - THE ORGANIZATION RENTS OFFICE SPACE TO, AS WELL AS SHARES PAYROLL OVERHEAD EXPENSES WITH A RELATED ORGANIZATION, DELAWARE RESTAURANT ASSOCIATION EDUCATIONAL FOUNDATION (DRAEF). DRAEF REIMBURSES THE ORGANIZATION FOR ITS PORTION OF WAGES AND RELATED PAYROLL TAXES.

Program 3
Expenses: $400,219 Revenue: $114,983

FOOD SAFETY AND HANDLING TRAINING - DELAWARE REQUIRES THE PERSON-IN-CHARGE AT A RESTAURANT TO DEMONSTRATE FOOD SAFETY KNOWLEDGE. THE ORGANIZATION OFFERS THE SERVSAFE CERTIFICATION COURSE TO MEET THIS...

Read more

FOOD SAFETY AND HANDLING TRAINING - DELAWARE REQUIRES THE PERSON-IN-CHARGE AT A RESTAURANT TO DEMONSTRATE FOOD SAFETY KNOWLEDGE. THE ORGANIZATION OFFERS THE SERVSAFE CERTIFICATION COURSE TO MEET THIS REQUIREMENT IN PARTNERSHIP WITH ITS RELATED ORGANIZATION, THE DELAWARE RESTAUARANT ASSOCIATION EDUCATION FOUNDATION. IN 2023, THERE WERE ABOUT 598 PARTICIPATING STUDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $844,313
Program Service Revenue $710,792
Investment Income $10,725
Other Revenue $29,331
TOTAL REVENUE $1,595,161

Expense Breakdown

Grants Paid $2,280
Salaries & Benefits $671,232
Fundraising Expenses $0
Program Expenses $1,082,071
Other Expenses $652,407
TOTAL EXPENSES $1,325,919

Year-over-Year Comparison

2023 2022 Change
Revenue $1,595,161 $1,825,153 -0.1%
Expenses $1,325,919 $1,391,174 0.0%
Net Income $269,242 $433,979 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
38
Independent Members
37
Employees
8
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
6
$207,615
Total Directors
39
$207,615
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GIANMARCO MARTUSCELLI CHAIRMAN 0.50
Officer Director
$0 $0 $0
JEFFREY GOSNEAR VICE CHAIR 0.50
Officer Director
$0 $0 $0
MICHAEL STIGLITZ TREASURER 0.50
Officer Director
$0 $0 $0
CARL GEORIGI IMMEDIATE PAST CHAIR 0.50
Officer Director
$0 $0 $0
CARRIE LEISMAN PRESIDENT & CEO 27.00
Officer Director
$103,808 $0 $207,615
XAVIER TEIXIDO NRA REPRESENTATIVE 0.50
Director
$0 $0 $0
DR SHERYL KLINE EDUCATIONAL REPRESENTATIVE 0.50
Director
$0 $0 $0
ERIC SUGRUE DIRECTOR 0.50
Director
$0 $0 $0
PAULA JANSSEN DIRECTOR 0.50
Director
$0 $0 $0
JIM O'DONOGHUE DIRECTOR 0.50
Director
$0 $0 $0
ALEX KOTANIDES DIRECTOR 0.50
Director
$0 $0 $0
TOM HOLMES DIRECTOR 0.50
Director
$0 $0 $0
SCOTT STEIN DIRECTOR 0.50
Director
$0 $0 $0
RAMSEY SCHRADER DIRECTOR 0.50
Director
$0 $0 $0
VINCENZA CARRIERI-RUSSO DIRECTOR 0.50
Director
$0 $0 $0
CHRIS TAGGART ALLIED REPRESENTATIVE 0.50
Director
$0 $0 $0
HOLLY MONACO DIRECTOR 0.50
Director
$0 $0 $0
HOPE LOPEZ DIRECTOR 0.50
Director
$0 $0 $0
PARTHIBAN PJ JAYARAMAN DIRECTOR 0.50
Director
$0 $0 $0
MARK ASHBY DIRECTOR 0.50
Director
$0 $0 $0
JOSE LOPEZ DIRECTOR 0.50
Director
$0 $0 $0
JILLIAN BRUCE-WILLIS DIRECTOR 0.50
Director
$0 $0 $0
PAUL RUGGIERO DIRECTOR 0.50
Director
$0 $0 $0
SYDNEY ARZT DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
KEVIN DAVIES CHAIR EMERITUS 0.50
Director
$0 $0 $0
LES DUKART DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
SAM CALAGIONE DIRECTOR EMERITUS 0.50
Director
$0 $0 $0
DENA CALO FINANCE DIRECTOR 0.50
Officer Director
$0 $0 $0
SCOTT KAMMERER DIRECTOR 0.50
Director
$0 $0 $0
JEFF COOK DIRECTOR 0.50
Director
$0 $0 $0
STEVE MONTGOMERY DIRECTOR 0.50
Director
$0 $0 $0
BOBBY PANCAKE DIRECTOR 0.50
Director
$0 $0 $0
ROBERT ASHBY DIRECTOR 0.50
Director
$0 $0 $0
MATT DISABATINO DIRECTOR 0.50
Director
$0 $0 $0
DENNIS FORBES DIRECTOR 0.50
Director
$0 $0 $0
RYAN GERMAN DIRECTOR 0.50
Director
$0 $0 $0
BETSY LEROY DIRECTOR 0.50
Director
$0 $0 $0
STEVE LUCEY DIRECTOR 0.50
Director
$0 $0 $0
STEVE TORPEY DIRECTOR 0.50
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
2024 No data No data No data No data
2023 $1,595,161 $1,325,919 $2,056,284 $269,242
2022 $1,825,153 $1,391,174 $1,742,373 $433,979
2021 $1,758,498 $972,936 $1,419,640 $785,562
2020 $830,308 $757,077 $571,386 $73,231
2019 $613,219 $509,407 $483,999 $103,812
2018 $533,919 $478,305 $378,241 $55,614
Explore More Nonprofits
→Top 100 Nonprofits in Delaware →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare DELAWARE RESTAURANT ASSOCIATION with other nonprofits in Delaware and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.