WILMINGTON FLOWER MARKET INC

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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

1921

Legal Domicile

Principal Officer

KARIN MEIS

Phone

3026551344

Tax Period

2023-08-01 to 2024-07-31

WILMINGTON FLOWER MARKET INC, founded in 1921, is a micro nonprofit in the Health Care sector that reported $60K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Net assets of $138K represent 27 months of operating reserves.

Mission

The purpose of this organization shall be to organize, promote, manage, and supervise Wilmington Flower Market, Inc. and such other project(s) as may be desirable for the purpose of raising funds to be used wholly and exclusively for charitable purposes within the State of Delaware and to promote by such means as said corporation shall deem proper, the spiritual, moral, and physical welfare of the people of the State of Delaware and to render service towards those ends in the State of Delaware. It is the intent of Wilmington Flower Market, Inc. to donate all profits from this annual enterprise to nonprofit agencies who will use it on behalf of children of Delaware.

Program Service Accomplishments

Program 1

Expenses: $44,453

INCOME DERIVED FROM THE ORGANIZATION'S ACTIVITIES ALLOWED THEM TO PROVIDE PAYMENTS TO VARIOUS BENEFICIARIES FOR THE HEALTH AND WELFARE OF DELAWARE'S NEEDY CHILDREN.

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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 $34,256

Program Service Revenue $0

Investment Income $97

Other Revenue $26,063

TOTAL REVENUE $60,416

Expense Breakdown

Grants Paid $44,453

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,453

Other Expenses $15,909

TOTAL EXPENSES $60,362

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,416	$117,343	-0.5%
Expenses	$60,362	$128,796	-0.5%
Net Income	$54	$-11,453	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARIN MEIS	GENERAL CHAIRMAN	2.00	Officer Director	$0	$0	$0
NANCY BUKER	GENERAL TREASURER	2.00	Officer Director	$0	$0	$0
LAUREN HAYES	DIRECTOR OF GROUNDS	2.00	Director	$0	$0	$0
KAREN MARENCO	GENERAL VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
TINA KLUMPP	GENERAL SECRETARY	2.00	Officer Director	$0	$0	$0
MIRIAM STEVENS	BENEFICIARY CHAIRMAN	2.00	Director	$0	$0	$0
AMY MALICK	DIRECTOR OF FOODS	2.00	Director	$0	$0	$0
CHRISTINA LENNICK	DIRECTOR OF PRE-MARKET	2.00	Director	$0	$0	$0
ALYSSA MOORE	DIRECTOR OF PUBLICITY	2.00	Director	$0	$0	$0
LINDA LAURIA	DIRECTOR OF PLANTS	2.00	Director	$0	$0	$0
TERRI PENNINGTON	DIRECTOR OF RETAIL	2.00	Director	$0	$0	$0
ALLI RUBIO	DIRECTOR OF ENTERTAINMENT	2.00	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
2025	No data	No data	No data	No data
2024	$60,416	$60,362	$137,674	$54
2023	$117,343	$128,796	$137,620	$-11,453
2022	$32,368	$151,497	$111,782	$-119,129
2022	$6,341	$88,179	$149,073	$-81,838
2021	$51,332	$19,942	$230,911	$31,390
2020	$35,993	$30,123	$199,521	$5,870
2019	$151,164	$163,321	$193,651	$-12,157