WILMINGTON FUTURE 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

1997

Legal Domicile

Principal Officer

Clayton Roberts

Phone

9103417822

Tax Period

2024-07-01 to 2025-06-30

WILMINGTON FUTURE INC, founded in 1997, is a community nonprofit in the Public & Societal Benefit sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

The corporation is specifically organized for the purpose of promoting the general public welfare of the citizens by assisting the city in carrying out its municipal and governmental functions through the acquisition, construction, sale or lease, improvements, facilities and equipment for the use and benefit of the general public.

Program Service Accomplishments

Program 1

Expenses: $1,341,601 Revenue: $1,341,601

Wilmington Future Inc. is acting as a conduit for the city and will make no profit. All interest earned will be used to fund the project(s) or will be applied toward the payments due from the city...

Wilmington Future Inc. is acting as a conduit for the city and will make no profit. All interest earned will be used to fund the project(s) or will be applied toward the payments due from the city. Thus, the city will have the benefit of all earnings on accounts held by the Trustee and Wilmington Future Inc. will not hold any funds.

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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 $0

Program Service Revenue $0

Investment Income $1,341,601

Other Revenue $0

TOTAL REVENUE $1,341,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,341,601

Other Expenses $1,341,601

TOTAL EXPENSES $1,341,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,341,601	$1,530,491	-0.1%
Expenses	$1,341,601	$1,530,491	-0.1%
Net Income	$0	$0	N/A

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

$397,133

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Clayton Roberts	President/Director	Director	$0	$0	$160,528
Laura Mortell	Vice President/Director	Director	$0	$0	$158,261
Michelle Barber	Secretary/Treasurer/Director	Director	$0	$0	$78,344

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	$1,341,601	$1,341,601	$301,992,823	No data
2024	$1,530,491	$1,530,491	$329,458,198	No data
2023	$287,250	$287,250	$229,874,551	No data
2022	$7,436	$7,436	$210,668,958	No data
2021	$5,142	$5,142	$227,280,253	No data