UNIVERSITY OF DELAWARE ALUMNI ASSOCIATION INC

EIN: 516016065 501(c)(3)

NEWARK, DE

Total Revenue
$166,072
Total Expenses
$137,703
Total Assets
$1,246,610
Net Assets
$1,246,610
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
DE
Phone
3028312341
Tax Period
2024-07-01 to 2025-06-30

UNIVERSITY OF DELAWARE ALUMNI ASSOCIATION INC, founded in 1974, is a small nonprofit that reported $166K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $28K, a strong 17% operating margin.

Mission

THE UNIVERSITY OF DELAWARE ALUMNI ASSOCIATION, INC. IS DEDICATED TO ENGAGING OUR ENTIRE ALUMNI COMMUNITY BY FOSTERING A TRADITION OF LIFELONG LOYALTY & COMMITMENT TO THE UNIVERSITY OF DELAWARE. WE PROVIDE EXCEPTIONAL VALUE AND ONGOING SUPPORT TO OUR ALUMNI WORLDWIDE.

Program Service Accomplishments

Program 1
Expenses: $131,795 Revenue: $126,622

PROVIDING SCHOLARSHIP SUPPORT TO UNIVERSITY OF DELAWARE STUDENTS TO RECOGNIZE OUTSTANDING ACHIEVEMENT.

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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 $24,528
Program Service Revenue $126,622
Investment Income $11,360
Other Revenue $3,562
TOTAL REVENUE $166,072

Expense Breakdown

Grants Paid $88,871
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $131,795
Other Expenses $48,832
TOTAL EXPENSES $137,703

Year-over-Year Comparison

2024 2023 Change
Revenue $166,072 $144,342 +0.2%
Expenses $137,703 $132,959 +0.0%
Net Income $28,369 $11,383 +1.5%
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

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

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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
25
Independent Members
24
Employees
N/A
Volunteers
31

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
4
$102,632
Total Directors
25
$102,632
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY LEVITZ GRUNDY VICE PRESIDENT 4.0
Officer Director
$0 $10,863 $102,632
STEPHEN D SHALLO SECRETARY 4.0
Officer Director
$0 $0 $0
WILLIAM D LUZIER PRESIDENT 4.0
Officer Director
$0 $0 $0
WILLIAM W MICHALCEWIZ TREASURER 4.0
Officer Director
$0 $0 $0
CHRISTOPHER R DOHL DIRECTOR 2.0
Director
$0 $0 $0
DAVID S ALICK DIRECTOR 2.0
Director
$0 $0 $0
DUSTIN M RAMSDELL DIRECTOR 2.0
Director
$0 $0 $0
ERICA M WALSH DIRECTOR 2.0
Director
$0 $0 $0
GAYLE MCVEY DAVIS DIRECTOR 2.0
Director
$0 $0 $0
JEANETTE PADINSKE O'PAKE DIRECTOR 2.0
Director
$0 $0 $0
JENNIFER L FERRIS-CRISAFULLI DIRECTOR 2.0
Director
$0 $0 $0
JOHN R MARTIN DIRECTOR 2.0
Director
$0 $0 $0
KERRY ORENDORF HALBEDL DIRECTOR 2.0
Director
$0 $0 $0
LINDSAY E THRASHER DIRECTOR 2.0
Director
$0 $0 $0
LISA DANIEL SPARKS DIRECTOR 2.0
Director
$0 $0 $0
LISA WALLACE WEISSER DIRECTOR 2.0
Director
$0 $0 $0
MICHAEL F SCERBO DIRECTOR 2.0
Director
$0 $0 $0
MICHELLE MAHANEY SCOTT DIRECTOR 2.0
Director
$0 $0 $0
NANCY BELTZ LOMAX DIRECTOR 2.0
Director
$0 $0 $0
PATRICIA TUCCI CANNON DIRECTOR 2.0
Director
$0 $0 $0
ROBERT J HEALY DIRECTOR 2.0
Director
$0 $0 $0
TAMIKA N HARVEY DIRECTOR 2.0
Director
$0 $0 $0
TERESA E GERBERG WINDISCH DIRECTOR 2.0
Director
$0 $0 $0
TIMOTHY R ENGLISH DIRECTOR 2.0
Director
$0 $0 $0
ZAKIA W REAVES-JOHNSON DIRECTOR 2.0
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 $166,072 $137,703 $1,246,610 $28,369
2024 $144,342 $132,959 $1,133,401 $11,383
2023 $145,720 $148,823 $1,054,287 $-3,103
2022 $128,647 $171,229 $1,114,768 $-42,582
2021 $276,715 $93,531 $1,228,892 $183,184
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