DELAWARE CHARTER SCHOOLS NETWORK

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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

2001

Legal Domicile

Principal Officer

KENDALL MASSETT

Phone

3027785999

Tax Period

2024-07-01 to 2025-06-30

DELAWARE CHARTER SCHOOLS NETWORK, founded in 2001, is a small nonprofit in the Education sector that reported $472K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $404K left a modest 14% surplus.

Mission

THE MISSION OF THE DELAWARE CHARTER SCHOOLS NETWORK IS TO PROMOTE EXCELLENCE IN PUBLIC EDUCATION BY SUPPORTING AND ADVOCATING FOR DELAWARE CHARTER SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $231,563 Revenue: $181,884

DCSN WORKED WITH SCHOOLS TO FIND RESOURCES FOR STUDENTS AS THEY CONTINUE TO RESPOND TO THE IMPACTS OF THE COVID 19 PANDEMIC. DCSN HOSTED THE 11TH ANNUAL IDEA AWARDS TO CELEBRATE THE INCREDIBLY...

DCSN WORKED WITH SCHOOLS TO FIND RESOURCES FOR STUDENTS AS THEY CONTINUE TO RESPOND TO THE IMPACTS OF THE COVID 19 PANDEMIC. DCSN HOSTED THE 11TH ANNUAL IDEA AWARDS TO CELEBRATE THE INCREDIBLY INNOVATIVE AND SUCCESSFUL WORK HAPPENING ACROSS 23 CHARTER PUBLIC SCHOOLS SERVING OVER 17,000 STUDENTS.

Program 2

Expenses: $42,460

ADVOCACY AND SUPPORT WORK FOR THE CHARTER SCHOOL MOVEMENT AND DELAWARE CHARTER SCHOOLS.

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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 $289,184

Program Service Revenue $181,884

Investment Income $1,016

Other Revenue $0

TOTAL REVENUE $472,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,685

Fundraising Expenses $2,470

Program Expenses $274,023

Other Expenses $214,761

TOTAL EXPENSES $404,446

Year-over-Year Comparison

	2024	2023	Change
Revenue	$472,084	$349,872	+0.3%
Expenses	$404,446	$343,138	+0.2%
Net Income	$67,638	$6,734	+9.0%

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

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD EMMETT	PRESIDENT	2.00	Officer Director	$0	$0	$0
COURTNEY FOX	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
REBECCA COLLINS	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID BLOWMAN	TREASURER	2.00	Officer Director	$0	$0	$0
MARGIE LOPEZ-WAITE	DIRECTOR	2.00	Director	$0	$0	$0
ERIC ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
NICK MEDAGLIO	DIRECTOR	2.00	Director	$0	$0	$0
CLINT WALKER	DIRECTOR	2.00	Director	$0	$0	$0
ALIS MOEN	DIRECTOR	2.00	Director	$0	$0	$0
KENDALL MASSETT	CEO	40.00	Officer	$100,000	$0	$100,000

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	$472,084	$404,446	$669,296	$67,638
2024	$349,872	$343,138	$601,658	$6,734
2023	$644,072	$360,240	$594,924	$283,832
2022	$358,411	$300,393	$311,092	$58,018
2021	$376,912	$327,598	$253,074	$49,314
2020	$408,250	$391,643	$203,760	$16,607
2019	$324,269	$366,725	$168,786	$-42,456
2018	$364,479	$225,714	$248,241	$138,765