DELAWARE STATE POLICE MUSEUM INC (EIN 510327504) - 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

1990

Legal Domicile

Principal Officer

DAVID G LAWSON

Phone

3027397700

Tax Period

2024-01-01 to 2024-12-31

DELAWARE STATE POLICE MUSEUM INC, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $208K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Net assets of $2.2M represent 127 months of operating reserves.

Mission

TO PRESERVE, INTERPRET, AND DISPLAY THE HISTORY OF THE DELAWARE STATE POLICE IN ORDER TO PROVIDE AN EDUCATIONAL EXPERIENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $118,991

Program Service Revenue $32,537

Investment Income $56,715

Other Revenue $150

TOTAL REVENUE $208,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,839

Fundraising Expenses $0

Program Expenses $206,515

Other Expenses $182,757

TOTAL EXPENSES $225,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$208,393	$456,358	-0.5%
Expenses	$225,596	$218,943	+0.0%
Net Income	$-17,203	$237,415	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES FORD	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD FOSKEY	DIRECTOR	N/A	Director	$0	$0	$0
ADAM JEWELL	DIRECTOR	N/A	Director	$0	$0	$0
ED LARNEY	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES MCCALL	DIRECTOR	N/A	Director	$0	$0	$0
JAMES M MILLER	DIRECTOR	N/A	Director	$0	$0	$0
EDWARD F MARTIN III	SECRETARY	N/A	Officer	$0	$0	$0
RICHARD L ENGLE JR	TREASURER	N/A	Officer	$0	$0	$0
DAVID G LAWSON	PRESIDENT	N/A	Officer	$0	$0	$0
JASON SAPP	VICE PRESIDE	N/A	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	$208,393	$225,596	$2,202,752	$-17,203
2023	$456,358	$218,943	$2,219,619	$237,415
2022	$161,624	$328,615	$1,980,796	$-166,991
2021	$208,210	$223,541	$2,148,812	$-15,331
2020	$187,221	$208,733	$2,146,314	$-21,512
2019	$638,047	$199,574	$2,166,069	$438,473
2018	$211,044	$180,362	$1,738,402	$30,682

DELAWARE STATE POLICE MUSEUM INC