DELAWARE AEROSPACE EDUCATION FOUNDATION

EIN: 510325362 501(c)(3) Education

BEAR, DE

Total Revenue
$2,637,712
Total Expenses
$398,292
Total Assets
$20,957,072
Net Assets
$20,249,489
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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
1990
Legal Domicile
DE
Principal Officer
STEPHANIE M G WRIGHT
Phone
3028341369
Tax Period
2024-01-01 to 2024-12-31

DELAWARE AEROSPACE EDUCATION FOUNDATION, founded in 1990, is a community nonprofit in the Education sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 85% operating margin.

Mission

TO INSPIRE AND EDUCATE THE PEOPLE OF THE DELAWARE VALLEY AND THE SURROUNDING AREA IN LEARNING ABOUT SCIENCE, SPACE, TECHNOLOGY, ENGINEERING, EARTH'S ENVIRONMENT, AND MATHEMATICS

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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 $2,443,415
Program Service Revenue $112,847
Investment Income $80,982
Other Revenue $468
TOTAL REVENUE $2,637,712

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,354
Fundraising Expenses $1,369
Program Expenses $356,282
Other Expenses $319,938
TOTAL EXPENSES $398,292

Year-over-Year Comparison

2024 2023 Change
Revenue $2,637,712 $2,185,377 +0.2%
Expenses $398,292 $374,413 +0.1%
Net Income $2,239,420 $1,810,964 +0.2%
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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Governance

Voting Members
13
Independent Members
11
Employees
34
Volunteers
35

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
$21,500
Total Directors
13
$21,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE MG WRIGHT ED D PRESIDENT/CEO 30.00
Officer Director
$14,000 $0 $14,000
BRIAN H WRIGHT TREASURER/FINANCIAL MANAGER 6.00
Officer Director
$7,500 $0 $7,500
JEAN M KRAEUTER SECRETARY 0.30
Officer Director
$0 $0 $0
CHARLIE T MICHELS CHAIRPERSON 0.30
Director
$0 $0 $0
TERESA A CONNOR BOARD MEMBER 0.60
Director
$0 $0 $0
MITCHELL D HOUSER BOARD MEMBER 0.30
Director
$0 $0 $0
ANTHONY W LORUSSO BOARD MEMBER 0.30
Director
$0 $0 $0
RONALD E PATTERSON JR BOARD MEMBER 0.30
Director
$0 $0 $0
MARY PAT HRYBYK-KEITH BOARD MEMBER 0.30
Director
$0 $0 $0
LAUREN IRBY BOARD MEMBER 0.30
Director
$0 $0 $0
ROBERT W BLOOM BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL RASUMUSSEN BOARD MEMBER 0.30
Director
$0 $0 $0
MARC SHEFFLER BOARD MEMBER 0.30
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 $2,637,712 $398,292 $20,957,072 $2,239,420
2023 $2,185,377 $374,413 $18,268,237 $1,810,964
2022 $2,278,636 $288,532 $16,349,627 $1,990,104
2021 $2,295,807 $257,232 $14,286,829 $2,038,575
2020 $253,912 $255,278 $12,136,126 $-1,366
2019 $1,078,724 $405,928 $12,129,094 $672,796
2018 $356,533 $376,504 $11,435,919 $-19,971
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