DELAWARE ASSOCIATION FOR THE EDUCA… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

JAMIE SCHNEIDER

Phone

3027641500

Tax Period

2020-07-01 to 2021-06-30

DELAWARE ASSOCIATION FOR THE EDUCATION O OF YOUNG CHILDREN, founded in 1969, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2020. Expenses of $1.8M left a modest 7% surplus.

Mission

THE MISSION OF THE ORGANZIATION IS TO STRENGTHEN THE EARLY CARE AND EDUCATION COMMUNITY BY DEVELOPING LEADERSHIP, PROMOTING HIGH QUALITY EARLY CARE AND EDUCATION, AND BUILDING COMMUNITY SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $996,501

WAGE$ PROVIDES EDUCATION-BASED SALARY SUPPLEMENTS TO UNDER PAID TEACHERS, DIRECTORS, ADMINISTRATORS AND FAMILY CHILD CARE PROVIDERS, WORKING WITH CHILDREN BIRTH THROUGH FIVE. THE PARTICIPANT MUST BE WORKING IN A REGULATED (STARS) EARLY CARE AND EDUCATION SETTING. THE PROGRAM MUST BE A STAR 2 OR HIGHER. THE INITIATIVE IS DESIGNED TO INCREASE WORKFORCE RETENTION, EDUCATION, AND COMPENSATION. THE WAGE$ PARTICIPANT RECEIVES A SUPPLEMENT EVERY SIX MONTHS TIED TO THE LEVEL OF EDUCATION AND RETENTION IN THEIR PROGRAM.

Program 2

Expenses: $608,965

T E A C H EARLY CHILDHOOD DELAWARE IS A RESEARCH BASED COMPREHENSIVE STRATEGY TO EDUCATE AND RETAIN EARLY CHILDHOOD PRACTITIONERS, POSITIVELY IMPACTING OUTCOMES FOR THE CHILDREN IN THEIR CARE. T E A C H (TEACHER EDUCATION AND COMPENSATION HELPS) IS A PROVEN EFFECTIVE STRATEGY THROUGH ITS USE OF FOUR KEY ELEMENTS: SCHOLARSHIPS, EDUCATION, COMPENSATION, AND COMMITMENT.

Program 3

Expenses: $68,077

THE PURPOSE OF THE 21ST CENTURY COMMUNITY LEARNING CENTER PROGRAM IS TO HELP STUDENTS IMPROVE IN ACADEMICS, ATTENDANCE, BEHAVIOR, PROMOTION RATES, AND GRADUATION RATES THROUGH THE 21ST CENTURY...

THE PURPOSE OF THE 21ST CENTURY COMMUNITY LEARNING CENTER PROGRAM IS TO HELP STUDENTS IMPROVE IN ACADEMICS, ATTENDANCE, BEHAVIOR, PROMOTION RATES, AND GRADUATION RATES THROUGH THE 21ST CENTURY COMMUNITY LEARNING CENTERS. THIS PROGRAM SUPPORTS THE COMMUNITY LEARNING CENTERS THAT PROVIDE ACADEMIC ENRICHMENT OPPORTUNITIES DURING NON-SCHOOL HOURS FOR CHILDREN, PARTICULARLY STUDENTS WHO ATTEND HIGH-POVERTY AND LOW-PERFORMING SCHOOLS. THE PROGRAM HELPS STUDENTS MEET STATE STUDENT STANDARDS IN CORE ACADEMIC SUBJECTS, SUCH AS READING AND MATH; OFFERS STUDENTS A BROAD ARRAY OF ENRICHMENT ACTIVITIES THAT CAN COMPLEMENT THEIR REGULAR ACADEMIC PROGRAMS; AND OFFERS LITERACY AND OTHER EDUCATIONAL SERVICES TO THE FAMILIES OF PARTICIPATING CHILDREN.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,904,088

Program Service Revenue $11,084

Investment Income $91

Other Revenue $22,418

TOTAL REVENUE $1,937,681

Expense Breakdown

Grants Paid $1,161,411

Salaries & Benefits $458,161

Fundraising Expenses $16,546

Program Expenses $1,744,249

Other Expenses $179,752

TOTAL EXPENSES $1,799,324

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,937,681	$1,861,842	+0.0%
Expenses	$1,799,324	$1,886,069	0.0%
Net Income	$138,357	$-24,227	-6.7%

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

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

$63,752

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA HERBSTRITT	TREASURER	1.00	Officer Director	$0	$0	$0
ADRIENNE MEADE	SECRETARY	1.00	Officer Director	$0	$0	$0
PHYLLIS ROLAND	DIRECTOR	1.00	Director	$0	$0	$0
LUCINDA ROSS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMIE SCHNEIDER	DIRECTOR	40.00	Director	$24,000	$0	$24,000
TONYA AKERS	DIRECTOR	1.00	Director	$0	$0	$0
DR TENNELL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
KIM BRYDA	DIRECTOR	1.00	Director	$0	$0	$0
QUINN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
SHERM PORTER	DIRECTOR	1.00	Director	$0	$0	$0
SEAN TONER	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA CONNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE SHAIVITZ	EXCECUTIVE DIRECTOR	40.00	Officer	$63,752	$0	$63,752

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
2021	$1,937,681	$1,799,324	$509,474	$138,357
2020	$1,861,842	$1,886,069	$483,611	$-24,227
2019	$1,961,193	$1,967,876	$507,876	$-6,683

DELAWARE ASSOCIATION FOR THE EDUCATION O OF YOUNG CHILDREN