Delaware Technology Park Inc (EIN 510344637) - 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

1991

Legal Domicile

Principal Officer

J Michael Bowman

Phone

3024521100

Tax Period

2024-07-01 to 2025-06-30

Delaware Technology Park Inc, founded in 1991, is a community nonprofit in the Community Improvement sector that reported $8.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $9.0M exceeded revenue, resulting in a 13% operating deficit.

Mission

Promotion of technology and management of state-of-the-art research facilities

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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 $1,459,949

Program Service Revenue $6,527,840

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,987,789

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,000

Fundraising Expenses $0

Program Expenses $8,367,581

Other Expenses $8,968,739

TOTAL EXPENSES $9,043,739

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,987,789	$7,159,701	+0.1%
Expenses	$9,043,739	$7,990,297	+0.1%
Net Income	$-1,055,950	$-830,596	+0.3%

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

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

$150,000

Total Directors

$75,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew M Lubin	Chair	10.00	Officer Director	$75,000	$0	$75,000
Dennis Assanis PhD	Director	1.00	Director	$0	$0	$0
Michael Fleming	Director	1.00	Director	$0	$0	$0
Brian A Pryor PhD	Director	1.00	Director	$0	$0	$0
Jonathan Sheehan	Director	1.00	Director	$0	$0	$0
J Michael Bowman	President & CEO	40.00	Officer	$0	$0	$75,000

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	$7,987,789	$9,043,739	$54,450,072	$-1,055,950
2024	$7,159,701	$7,990,297	$55,909,283	$-830,596
2023	$5,204,019	$6,380,982	$56,922,886	$-1,176,963
2022	$3,908,292	$4,213,637	$39,389,300	$-305,345
2021	$3,926,033	$4,343,508	$31,938,684	$-417,475
2020	$4,431,632	$4,173,919	$14,939,031	$257,713
2019	$4,475,207	$4,075,797	$14,794,533	$399,410

Delaware Technology Park Inc