DELAWARE MILITARY ACADEMY

EIN: 510413420 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$9,064,351
Total Expenses
$9,349,664
Total Assets
$28,861,540
Net Assets
$-9,589,911
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
DE
Principal Officer
SHARON KURFUERST
Phone
3029980745
Tax Period
2024-07-01 to 2025-06-30

DELAWARE MILITARY ACADEMY, founded in 2002, is a community nonprofit in the Education sector that reported $9.1M in total revenue in fiscal year 2024.

Mission

THE MISSION OF THE DELAWARE MILITARY ACADEMY IS TO PREPARE YOUNG MEN AND WOMEN FOR THEIR NEXT LEVEL OF EDUCATION AND TO PROVIDE THEM WITH A FOUNDATION THAT LEADS TO GOOD CITIZENSHIP. IN ADDITION, WE WILL FURNISH THEM WITH A HEALTHY MENTAL AND PHYSICAL ENVIRONMENT WITH MILITARY TRAINING AS A REQUISITE FOR A BETTER UNDERSTANDING OF THE OBLIGATIONS OF CITIZENSHIP AND SELF-DISCIPLINE AND TO AFFORD THEM OPPORTUNITIES FOR PROPER SOCIAL ACTIVITIES AND EXPOSURE TO MORAL IDEAS.

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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 $8,454,608
Program Service Revenue $330,213
Investment Income $279,530
Other Revenue $0
TOTAL REVENUE $9,064,351

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,160,415
Fundraising Expenses $0
Program Expenses $7,326,721
Other Expenses $3,189,249
TOTAL EXPENSES $9,349,664

Year-over-Year Comparison

2024 2023 Change
Revenue $9,064,351 $8,733,669 +0.0%
Expenses $9,349,664 $9,284,533 +0.0%
Net Income $-285,313 $-550,864 -0.5%
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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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
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
8
$541,409
Total Directors
13
$508,727
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL NEWCOTT COMMANDANT 40.00
Officer Director
$76,154 $72,124 $148,278
JENNIFER MCCLOSKEY VICE CHAIR 1.00
Officer Director
$0 $0 $0
JELENA BATULA BOARD MEMBER 1.00
Director
$0 $0 $0
GLEN DIELEUTERIO BOARD MEMBER 1.00
Director
$0 $0 $0
DONALD MCLAMB JR TREASURER 1.00
Officer Director
$0 $0 $0
SCOTT GREEN TEACHER REPRESENTATIVE 40.00
Director
$95,280 $23,435 $118,715
HELEN BARBATO SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL BERARDI BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN ROSTOCKI CHAIR 1.00
Officer Director
$0 $0 $0
NICOLE KRAJEWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS KENNY BOARD MEMBER 1.00
Director
$0 $0 $0
CAPTAIN DANE BATES SENIOR NAVAL SCIENCE INSTRUCTOR 40.00
Officer Director
$101,532 $59,433 $160,965
SHARON KURFUERST COMMANDANT 40.00
Officer Director
$80,769 $0 $80,769
DEBRA CERTESIO DEAN OF CADETS 40.00
Officer
$111,499 $39,898 $151,397
KENNETH GATSON CFO / HR DIRECTOR 40.00
Highest
$139,541 $53,389 $192,930
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 $9,064,351 $9,349,664 $28,861,540 $-285,313
2024 $8,733,669 $9,284,533 $30,714,566 $-550,864
2023 $8,472,824 $8,242,623 $31,614,514 $230,201
2022 $7,627,502 $7,404,506 $34,413,355 $222,996
2021 $7,643,445 $8,007,236 $32,234,801 $-363,791
2020 $7,570,304 $7,977,110 $28,126,357 $-406,806
2019 $9,350,468 $8,112,692 $28,077,220 $1,237,776
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