DELAWARE STATE UNIVERSITY (EIN 510305893) - 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

1891

Legal Domicile

Principal Officer

ANAS BEN ADDI

Phone

3028576200

Tax Period

2022-07-01 to 2023-06-30

DELAWARE STATE UNIVERSITY, founded in 1891, is a major nonprofit in the Education sector that reported $250.4M in total revenue in fiscal year 2022.

Mission

DELAWARE STATE UNIVERSITY IS A PUBLIC INSTITUTION THAT OFFERS OPPORTUNITY TO DIVERSE POPULATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $137,886,635

Program Service Revenue $108,969,988

Investment Income $1,585,941

Other Revenue $1,921,363

TOTAL REVENUE $250,363,927

Expense Breakdown

Grants Paid $41,702,906

Salaries & Benefits $95,385,374

Fundraising Expenses $690,159

Program Expenses $128,004,029

Other Expenses $112,681,991

TOTAL EXPENSES $249,770,271

Year-over-Year Comparison

	2022	2021	Change
Revenue	$250,363,927	$245,074,854	+0.0%
Expenses	$249,770,271	$215,791,173	+0.2%
Net Income	$593,656	$29,283,681	-1.0%

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

1806

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

$3,507,238

Total Directors

$840,863

Key Employees

$2,251,292

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTIONE ALLEN	PRESIDENT	60.00	Officer Director	$662,065	$178,798	$840,863
SAUNDRA DELAUDER	PROVOST & VP ACADEMIC AFFAIRS	60.00	Officer	$256,392	$83,255	$339,647
MICHAEL CASSON	DEAN	60.00	Key Emp	$265,113	$71,851	$336,964
CLEON CAULEY	SENIOR VP/COO	60.00	Officer	$257,785	$75,764	$333,549
STACY DOWNING	VP STRATEGIC INITIATIVES	60.00	Officer	$248,572	$68,189	$316,761
IRENE CHAPMAN-HAWKINS	CHIEF ADMINISTRATIVE OFFICER	60.00	Officer	$227,969	$80,598	$308,567
ANTONIO BOYLE	VP STRATEGIC ENROLLMENT	60.00	Officer	$234,995	$71,331	$306,326
GWENDOYLN SCOTT-JONES	DEAN	60.00	Key Emp	$226,932	$78,662	$305,594
ANAS BEN ADDI	VP OF FINANCE/CFO	60.00	Officer	$209,300	$78,421	$287,721
LAKRESHA MOULTRIE	VP & GENERAL COUNSEL	60.00	Officer	$216,484	$67,009	$283,493
VITA PICKRUM	VP INST ADVANCEMENT	60.00	Officer	$209,388	$59,254	$268,642
CLYTRICE WATSON	ASSOCIATE PROVOST	60.00	Key Emp	$193,942	$73,474	$267,416
YOUNGSIK KWAK	PROFESSOR	60.00	Highest	$199,230	$68,047	$267,277
FENGSHAN LIU	ASSOC VP INTERNATIONAL AFFAIRS	60.00	Highest	$191,607	$69,264	$260,871
RAYMOND TUTU	PROFESSOR	60.00	Highest	$179,709	$66,721	$246,430
ALECIA SHIELDS	DIRECTOR OF ATHLETICS	60.00	Key Emp	$188,212	$54,427	$242,639
BERNARD PRATT	ASSOCIATE VP	60.00	Key Emp	$176,158	$61,876	$238,034
TERRY PARKER JEFFRIES	ASSISTANT DEAN	60.00	Highest	$178,233	$58,031	$236,264
RODERICK MILSTEAD	HEAD FOOTBALL COACH	60.00	Highest	$176,508	$57,757	$234,265
CHERESE WINSTEAD	DEAN	60.00	Key Emp	$166,687	$55,380	$222,067
DARRELL MCMILLON	CHIEF INFORMATION OFFICER	60.00	Officer	$180,000	$41,669	$221,669
FRANCINE EDWARDS	DEPUTY CHIEF ADMINISTRATIVE OFFICER	60.00	Key Emp	$155,089	$64,400	$219,489
JACKIE GRIFFITH	CHIEF OF STAFF	60.00	Key Emp	$160,694	$56,109	$216,803
MARSHA HORTON	SPECIAL ASSISTANT TO VP	60.00	Key Emp	$150,319	$51,967	$202,286
DEVONA E WILLIAMS	BOARD CHAIR	15.00	Officer Director	$0	$0	$0
JOHN RIDGEWAY	BOARD VICE CHAIR	15.00	Officer Director	$0	$0	$0
JOHN J ALLEN JR	BOARD VICE CHAIR	5.00	Officer Director	$0	$0	$0
JOHN CARNEY	EX-OFFICIO TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL N CASTLE	TRUSTEE	5.00	Director	$0	$0	$0
WILLIAM COLLICK	TRUSTEE	5.00	Director	$0	$0	$0
NORMAN GRIFFITHS	TRUSTEE	5.00	Director	$0	$0	$0
DEBBIE HARRINGTON	TRUSTEE	5.00	Director	$0	$0	$0
WILMA MISHOE	TRUSTEE	5.00	Director	$0	$0	$0
CHIP ROSSI	TRUSTEE	5.00	Director	$0	$0	$0
HAROLD STAFFORD	TRUSTEE	5.00	Director	$0	$0	$0
JOCELYN STEWART	TRUSTEE	5.00	Director	$0	$0	$0
LEROY A TICE ESQ	TRUSTEE	5.00	Director	$0	$0	$0
MARGIE LOPEZ WAITE	TRUSTEE	5.00	Director	$0	$0	$0
BERNADETTE DORSEY WHATLEY	TRUSTEE	5.00	Director	$0	$0	$0
LOIS M HOBBS	TRUSTEE TO JAN 2023	5.00	Director	$0	$0	$0
ESTHELDA R PARKER	TRUSTEE TO DEC 2022	5.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$250,363,927	$249,770,271	$512,212,979	$593,656
2022	$245,074,854	$215,791,173	$547,430,681	$29,283,681
2021	$212,915,533	$202,623,272	$471,247,109	$10,292,261
2020	$186,257,288	$174,109,099	$387,106,418	$12,148,189
2019	$170,619,816	$171,742,625	$292,267,884	$-1,122,809
2018	$154,787,347	$165,941,230	$288,570,168	$-11,153,883

DELAWARE STATE UNIVERSITY