THE PARTNERSHIP INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

MICHAEL J QUARANTA

Phone

3026557221

Tax Period

2024-01-01 to 2024-12-31

THE PARTNERSHIP INC, founded in 1990, is a small nonprofit in the Education sector that reported $156K in total revenue in fiscal year 2024. The organization ran a surplus of $37K, a strong 24% operating margin.

Mission

IMPROVE JOB GROWTH BY CREATING PARTNERSHIPS.

Program Service Accomplishments

Program 1

Expenses: $71,907 Revenue: $67,007

THE PRIMARY PURPOSE IS TO PROMOTE CHARITABLE AND EDUCATIONAL ACTIVITIES BY DEVELOPING AND FOSTERING PROGRAMS THAT ENCOURAGE PRIVATE SECTOR INVOLVEMENT IN WORKFORCE DEVELOPMENT AND EDUCATION.

Program 2

Expenses: $16,842 Revenue: $88,515

INTERN DELAWARE IS AN 'ADD-ON' TO A COMPANY'S INTERNSHIP PROGRAM. DURING THIS TWO-MONTH PROGRAM, SUMMER INTERNS RECEIVE ACCESS TO PROFESSIONAL DEVELOPMENT PROGRAMMING AND NETWORKING OPPORTUNITIES...

INTERN DELAWARE IS AN 'ADD-ON' TO A COMPANY'S INTERNSHIP PROGRAM. DURING THIS TWO-MONTH PROGRAM, SUMMER INTERNS RECEIVE ACCESS TO PROFESSIONAL DEVELOPMENT PROGRAMMING AND NETWORKING OPPORTUNITIES DESIGNED TO HELP THEM UNDERSTAND THE UNIQUE ASPECTS OF DELAWARE'S ECONOMY AND CULTURE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $155,522

Investment Income $0

Other Revenue $0

TOTAL REVENUE $155,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,027

Fundraising Expenses $0

Program Expenses $88,749

Other Expenses $57,306

TOTAL EXPENSES $118,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,522	$146,800	+0.1%
Expenses	$118,333	$126,490	-0.1%
Net Income	$37,189	$20,310	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$284,134

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BAXTER	DIRECTOR	0.30	Director	$0	$0	$0
PATRICK BEST	DIRECTOR	0.30	Director	$0	$0	$0
CONNOR BROWN	DIRECTOR	0.30	Director	$0	$0	$0
ANDREW COTTONE	DIRECTOR	0.30	Director	$0	$0	$0
RICK DEADWYLER	DIRECTOR	0.30	Officer Director	$0	$0	$0
KELLY ANN DECURTIS	DIRECTOR	0.30	Director	$0	$0	$0
JENNIFER ECHOLTZ	DIRECTOR	0.30	Director	$0	$0	$0
NATHAN ELTON	DIRECTOR	0.30	Director	$0	$0	$0
TIERRA FAIR	DIRECTOR	0.30	Director	$0	$0	$0
KURT FOREMAN	DIRECTOR	0.30	Director	$0	$0	$0
DAN FREEMAN	DIRECTOR	0.30	Director	$0	$0	$0
RYAN HARRINGTON	DIRECTOR	0.30	Director	$0	$0	$0
PATRICIA SMITH	DIRECTOR	0.30	Director	$0	$0	$0
MARK HUTTON	VICE CHAIR	0.30	Director	$0	$0	$0
LORA JOHNSON	CHAIR	0.30	Director	$0	$0	$0
KATHLEEN MATT	DIRECTOR	0.30	Director	$0	$0	$0
KEISHA MORRIS	DIRECTOR	0.30	Director	$0	$0	$0
COLLEEN KEITH	DIRECTOR	0.30	Director	$0	$0	$0
BETSY RENZO	DIRECTOR	0.30	Director	$0	$0	$0
ROBERT RESCIGNO	DIRECTOR	0.30	Director	$0	$0	$0
YVETTE SANTIAGO	DIRECTOR	0.30	Director	$0	$0	$0
JOANNA STAIB	DIRECTOR	0.30	Director	$0	$0	$0
TAMARA STONER	DIRECTOR	0.30	Director	$0	$0	$0
PATRICK TOWNSEND	DIRECTOR	0.30	Director	$0	$0	$0
MIKE QUARANTA	PRESIDENT	1.00	Key Emp	$0	$4,850	$284,134

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	$155,522	$118,333	$275,861	$37,189
2023	$146,800	$126,490	$210,103	$20,310
2022	$128,731	$102,146	$155,320	$26,585
2021	$151,236	$64,479	$111,353	$86,757
2020	$25,291	$1,465	$42,739	$23,826
2019	$73,005	$30,971	$63,121	$42,034
2018	$97,390	$99,819	$22,726	$-2,429