DELAWARE FOUNDATION FOR MEDICAL SE… - 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

1992

Legal Domicile

Principal Officer

MARK THOMPSON

Phone

3023661400

Tax Period

2023-01-01 to 2023-12-31

DELAWARE FOUNDATION FOR MEDICAL SERVICES, founded in 1992, is a small nonprofit in the Health Care sector that reported $143K in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22K, a strong 16% operating margin.

Mission

TO RECEIVE AND ADMINISTER GIFTS OF PROPERTY FOR CHARITABLE, BENEVOLENT CIVIC, HEALTH, SCIENTIFIC AND EDUCATIONAL PURPOSES, PRIMARILY FOR THE PURPOSE OF ENHANCING THE QUALITY OF MEDICAL CARE IN THE STATE OF DELAWARE IN A MANNER THAT SHALL: 1. AFFORD TO PERSONS AN OPPORTUNITY TO MAKE GIFTS WITH A GREATER BENEFICIAL RESULT THAN POSSIBLE THROUGH INDIVIDUAL ACTION; 2. AFFORD TO CORPORATIONS AN OPPORTUNITY EQUAL TO THAT OF INDIVIDUALS TO CREATE MEMORIALS OR MAKE GIFTS AS THE CIRCUMSTANCES OF THEIR ECONOMIC SITUATIONS WARRANT, FROM TIME TO TIME; AND, 3. SAFEGUARD AND PROVIDE FOR THE PERMANENT SECURITY OF SUCH GIFTS.

Program Service Accomplishments

Program 1

Expenses: $59,093

THE FOUNDATION PROVIDES AWARDS TO PROMOTE PROGRAMS FOR BETTER ACCESS AND QUALITY OF HEALTHCARE IN THE STATE OF DELAWARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $24,023

Program Service Revenue $0

Investment Income $118,772

Other Revenue $0

TOTAL REVENUE $142,795

Expense Breakdown

Grants Paid $59,093

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,093

Other Expenses $61,223

TOTAL EXPENSES $120,316

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,795	$87,818	+0.6%
Expenses	$120,316	$113,603	+0.1%
Net Income	$22,479	$-25,785	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL A ALEXANDER MD	CHAIR	5.00	Officer Director	$0	$0	$0
EDWARD R SOBEL DO	VICE CHAIR	5.00	Officer Director	$0	$0	$0
NANCY FAN MD	TREASURER	5.00	Officer Director	$0	$0	$0
DEBORAH ZAREK MD	SECRETARY	5.00	Officer Director	$0	$0	$0
MATTHEW BURDAY MD	BOARD MEMBER	5.00	Director	$0	$0	$0
LARRY ZUTZ	BOARD MEMBER	5.00	Director	$0	$0	$0
SUZANNE J SHERMAN MD	BOARD MEMBER	5.00	Director	$0	$0	$0
ROBERT VARIPAPA MD	BOARD MEMBER	5.00	Director	$0	$0	$0
STEPHANIE GUARINO MD	BOARD MEMBER	5.00	Director	$0	$0	$0
JUSTIN ELDRIDGE MD	ADVISORY MEMBER	5.00	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	No data	No data	No data	No data
2023	$142,795	$120,316	$1,755,971	$22,479
2022	$87,818	$113,603	$1,619,266	$-25,785
2021	$211,895	$235,869	$2,026,175	$-23,974
2020	$104,303	$429,411	$1,965,043	$-325,108
2019	$145,059	$459,296	$2,222,726	$-314,237
2018	$287,030	$466,031	$2,258,896	$-179,001

DELAWARE FOUNDATION FOR MEDICAL SERVICES