DELAWARE HORSEMEN'S ASSISTANCE FUND INC (EIN 516020165) - Form 990 Financial Analysis & Trantor Score

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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

1966

Legal Domicile

Principal Officer

CLAUDIA DE MARCO

Phone

3029942521

Tax Period

2024-01-01 to 2024-12-31

DELAWARE HORSEMEN'S ASSISTANCE FUND INC, founded in 1966, is a small nonprofit that reported $253K in total revenue in fiscal year 2024. Expenses of $235K left a modest 7% surplus.

Mission

THE DELAWARE HORSEMEN'S ASSISTANCE FUND, INC. PROVIDES CHARITABLE AID TO INDIGENT PERSONS ASSOCIATED WITH THOROUGHBRED RACING.

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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 $214,263

Program Service Revenue $0

Investment Income $39,048

Other Revenue $0

TOTAL REVENUE $253,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $225,940

Other Expenses $235,028

TOTAL EXPENSES $235,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,311	$241,906	+0.0%
Expenses	$235,028	$242,127	0.0%
Net Income	$18,283	$-221	-83.7%

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
JAMES CONNOR III	TREASURER	1.00	Officer Director	$0	$0	$0
SUZANNE MOSCARELLI	BOARD MEMBER	2.00	Director	$0	$0	$0
JANET RITCHEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAUDIA DE MARCO	PRESIDENT	1.50	Officer Director	$0	$0	$0
PAUL TRAPANI	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN BERTRANDO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CATHY DENELSBECK	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY WARREN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN DELUCIA	BOARD MEMBER	1.00	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
2024	$253,311	$235,028	$639,922	$18,283
2023	$241,906	$242,127	$621,639	$-221
2022	$242,281	$218,618	$621,860	$23,663
2021	$252,721	$218,148	$598,197	$34,573
2020	$181,966	$166,507	$563,624	$15,459
2019	$238,482	$202,044	$548,165	$36,438
2018	$223,203	$196,683	$511,727	$26,520

DELAWARE HORSEMEN'S ASSISTANCE FUND INC