CHALLENGE PROGRAM INC

EIN: 510386369 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$2,399,544
Total Expenses
$2,081,000
Total Assets
$6,667,530
Net Assets
$5,666,935
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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
1993
Legal Domicile
DE
Principal Officer
ANDREW MCKNIGHT
Phone
3026550945
Tax Period
2024-07-01 to 2025-06-30

CHALLENGE PROGRAM INC, founded in 1993, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Expenses of $2.1M left a modest 13% surplus.

Mission

OUR MISSION IS TO PROVIDE VOCATIONAL TRAINING FOR DELAWARE'S AT-RISK YOUTH TO EMPOWER THEM WITH THE CONFIDENCE, SKILLS AND PURPOSE NEEDED TO BECOME PRODUCTIVE MEMBERS OF SOCIETY. SINCE 1995, THE CHALLENGE PROGRAM HAS OFFERED YOUNG PEOPLE THE OPPORTUNITY TO LEARN VALUABLE CONSTRUCTION SKILLS, ASSISTANCE IN EARNING A HIGH SCHOOL DIPLOMA OR GED AND JOB PLACEMENT SERVICES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,751,162
Program Service Revenue $569,407
Investment Income $7,427
Other Revenue $71,548
TOTAL REVENUE $2,399,544

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,272,064
Fundraising Expenses $82,590
Program Expenses $1,821,089
Other Expenses $808,936
TOTAL EXPENSES $2,081,000

Year-over-Year Comparison

2024 2023 Change
Revenue $2,399,544 $2,403,309 0.0%
Expenses $2,081,000 $1,841,148 +0.1%
Net Income $318,544 $562,161 -0.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
71
Volunteers
40

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
2
$95,827
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES COPELAND PRESIDENT 1.00
Officer Director
$0 $0 $0
LISA GANNON DIRECTOR 1.00
Director
$0 $0 $0
ALAN D GRAHAM JR DIRECTOR 1.00
Director
$0 $0 $0
KIM ILARDI DIRECTOR 1.00
Director
$0 $0 $0
RICHARD JULIAN DIRECTOR 1.00
Director
$0 $0 $0
SEAN MURRAY DIRECTOR 1.00
Director
$0 $0 $0
HEATHER PALMER DIRECTOR 1.00
Director
$0 $0 $0
ZACH PHILLIPS DIRECTOR 1.00
Director
$0 $0 $0
CHARLES POTTER DIRECTOR 1.00
Director
$0 $0 $0
JOCELYN PUGH DIRECTOR 1.00
Director
$0 $0 $0
ANDREW MCKNIGHT EXECUTIVE DI 40.00
Officer
$95,827 $0 $95,827
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 $2,399,544 $2,081,000 $6,667,530 $318,544
2024 $2,403,309 $1,841,148 $6,344,835 $562,161
2023 $3,048,849 $1,936,781 $5,497,133 $1,112,068
2022 $2,231,760 $1,733,323 $4,180,942 $498,437
2021 $1,892,437 $1,942,072 $3,716,217 $-49,635
2020 $2,796,120 $2,214,050 $3,899,346 $582,070
2019 $3,035,356 $2,262,356 $3,010,939 $773,000
2018 $1,637,356 $1,749,964 $2,211,653 $-112,608
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