DELAWARE PSYCHOLOGICAL ASSOCIATION INC

EIN: 510255015

Wilmington, DE

Total Revenue
$225,404
Total Expenses
$310,564
Total Assets
$172,197
Net Assets
$168,028
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
DE
Principal Officer
Kelly Wetzel
Phone
3024751574
Tax Period
2024-01-01 to 2024-12-31

DELAWARE PSYCHOLOGICAL ASSOCIATION INC, founded in 1980, is a small nonprofit that reported $225K in total revenue in fiscal year 2024. Expenses of $311K exceeded revenue, resulting in a 38% operating deficit.

Mission

The mission of the Delaware Psychological Association is to promote the profession of psychology and enhance and improve the quality of life for Delawareans.We do this through public and professional educational programs, by supporting high ethical standards and integrity for psychologists, and by working collaboratively with other groups to affect positive change in individuals, groups, and the community. We are committed to promoting psychology across the state and nationally through our voting membership in the American Psychological Association.

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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 (2024)

Revenue Breakdown

Contributions & Grants $181,809
Program Service Revenue $40,164
Investment Income $1,798
Other Revenue $1,633
TOTAL REVENUE $225,404

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,941
Fundraising Expenses $0
Program Expenses $0
Other Expenses $218,623
TOTAL EXPENSES $310,564

Year-over-Year Comparison

2024 2023 Change
Revenue $225,404 $218,753 +0.0%
Expenses $310,564 $248,872 +0.2%
Net Income $-85,160 $-30,119 +1.8%
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

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Governance

Voting Members
16
Independent Members
N/A
Employees
2
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
$27,900
Total Directors
0
$0
Key Employees
2
$155,968
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kelly Wetzel Executive Director 25
Key Emp
$88,273 $0 $88,273
Brooke Fernandez Marketing and Administrative Coordinator 20
Key Emp
$67,695 $0 $67,695
Doug Tynan Director of Professional Affairs/Past President 4
Officer
$24,300 $0 $24,300
Stephanie Traynor Treasurer 2.00
Officer
$3,600 $0 $3,600
Jennifer White Secretary 1
Officer
$0 $0 $0
Roger Harrison President 2
Officer
$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 $225,404 $310,564 $172,197 $-85,160
2023 $218,753 $248,872 $258,244 $-30,119
2022 $330,333 $210,395 $288,381 $119,938
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