VOCATIONAL TECHNICAL EDUCATIONAL FOUNDATION OF DELAWARE (EIN 510341061) - 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

1992

Legal Domicile

Principal Officer

SEAN SOKOLOWSKI MBA

Phone

3029958020

Tax Period

2024-01-01 to 2024-12-31

VOCATIONAL TECHNICAL EDUCATIONAL FOUNDATION OF DELAWARE, founded in 1992, is a small nonprofit in the Education sector that reported $293K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $459K exceeded revenue, resulting in a 57% operating deficit.

Mission

THE VOCATIONAL TECHNICAL EDUCATIONAL FOUNDATION OF DELAWARE IS AN EDUCATIONAL FOUNDATION WITH THE SOLE PURPOSE OF PROMOTING VOCATIONAL EDUCATION IN THE STATE OF DELAWARE. THE FOUNDATION'S MAIN FUNCTION IS TO PROVIDE THE THREE VOCATIONAL SCHOOL DISTRICTS WITH PROGRAMATIC SUPPORT.

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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 $224,597

Program Service Revenue $0

Investment Income $68,201

Other Revenue $0

TOTAL REVENUE $292,798

Expense Breakdown

Grants Paid $356,551

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $458,981

Other Expenses $102,430

TOTAL EXPENSES $458,981

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,798	$326,692	-0.1%
Expenses	$458,981	$103,000	+3.5%
Net Income	$-166,183	$223,692	-1.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH JONES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
AMELIA HODGES	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN SOKOLOWSKI	TREASURER	3.00	Officer Director	$0	$0	$0
NICHOLAS JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTIN HATFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN CARSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
SEAN KENNEY	BOARD MEMBER	1.00	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
2024	$292,798	$458,981	$1,219,724	$-166,183
2023	$326,692	$103,000	$1,426,140	$223,692
2022	$158,981	$86,654	$1,066,367	$72,327
2021	$80,362	$76,557	$1,174,216	$3,805
2020	$49,263	$67,028	$1,085,730	$-17,765
2019	$52,054	$132,110	$1,000,094	$-80,056
2018	$53,908	$135,430	$905,787	$-81,522

VOCATIONAL TECHNICAL EDUCATIONAL FOUNDATION OF DELAWARE