PETE DU PONT FREEDOM FOUNDATION LLC

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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

2017

Legal Domicile

Principal Officer

STEPHANIE JOHNNIE

Phone

3023881552

Tax Period

2024-01-01 to 2024-12-31

PETE DU PONT FREEDOM FOUNDATION LLC, founded in 2017, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 100% from the prior year, signaling strong growth momentum. The organization ran a surplus of $822K, a strong 46% operating margin.

Mission

THE PETE DU PONT FREEDOM FOUNDATION PROMOTES OUR COUNTRY'S SPIRIT OF PRIVATE ENTERPRISE BY FOSTERING ACCESS TO THE MARKETPLACE FOR EVERY ENTREPRENEUR AND THEIR IDEAS.

Program Service Accomplishments

Program 1

Expenses: $410,349

SUPPORT OF STEPPING STONES FCU - THE STATED PURPOSE OF STEPPING STONES FEDERAL CREDIT UNION IS TO PROVIDE ACCESS TO ESSENTIAL FINANCIAL SERVICES FOR THE UNDERSERVED COMMUNITIES OF DELAWARE. THE...

SUPPORT OF STEPPING STONES FCU - THE STATED PURPOSE OF STEPPING STONES FEDERAL CREDIT UNION IS TO PROVIDE ACCESS TO ESSENTIAL FINANCIAL SERVICES FOR THE UNDERSERVED COMMUNITIES OF DELAWARE. THE FOUNDATION SOLICITS CONTRIBUTIONS TO SUPPORT A COMMUNITY-OWNED ORGANIZATION THAT PROVIDES OPPORTUNITIES TO ALL PEOPLE TO ACCESS AND USE FINANCIAL SERVICES. THIS SUPPORTS THE DIGNITY OF EACH PERSON AS THEY BUILD THEIR FINANCIAL SUCCESS AND TAKE OWNERSHIP OF THEIR FINANCIAL WELLBEING.

Program 2

Expenses: $139,209

THE EQUITABLE ENTREPRENEURIAL ECOSYSTEM (E3) INITIATIVE IS DRIVEN BY THE FOUNDATION'S FOCUS ON REMOVING BARRIERS TO INNOVATION AND ITS STRONG BELIEF THAT GREAT IDEAS AND ENTREPRENEURSHIP CAN OCCUR...

THE EQUITABLE ENTREPRENEURIAL ECOSYSTEM (E3) INITIATIVE IS DRIVEN BY THE FOUNDATION'S FOCUS ON REMOVING BARRIERS TO INNOVATION AND ITS STRONG BELIEF THAT GREAT IDEAS AND ENTREPRENEURSHIP CAN OCCUR THROUGHOUT SOCIETY. E3 IS AN AMBITIOUS INITIATIVE WITH THE GOAL OF BECOMING DELAWARE'S LEADING ENTREPRENEURIAL INCUBATOR AND ACCELERATOR BY CREATING AN INNOVATIVE ECOSYSTEM THAT IDENTIFIES, NURTURES, AND ULTIMATELY LEADS TO SUCCESSFUL BUSINESSES FOR DELAWARE'S FUTURE. E3 COMPLIMENTS AND WORKS IN TANDEM WITH REINVENTING DELAWARE IN WORKING TO CREATE THE CONDITIONS FOR SUCCESSFUL ENTREPRENEURS AND INNOVATORS ACROSS ALL COMMUNITIES WITH A PARTICULAR FOCUS ON UNDERREPRESENTED ENTREPRENEURS. E3 ATTEMPTS TO BUILD CITY-WIDE STRATEGIC COALITIONS DESIGNED TO IDENTIFY, VET, INCUBATE AND ACCELERATE THE LAUNCH OF NEW BUSINESSES.

Program 3

Expenses: $90,971

CAPACITY BUILDING: SUPPORTED BY A GRANT FROM LONGWOOD FOUNDATION, THE FOUNDATION AIMS TO EXPAND ITS REACH BY ENLARGING AND EXPANDING ITS PROGRAMS.

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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 $1,743,151

Program Service Revenue $38,230

Investment Income $14,042

Other Revenue $265

TOTAL REVENUE $1,795,688

Expense Breakdown

Grants Paid $375,000

Salaries & Benefits $281,444

Fundraising Expenses $2,286

Program Expenses $724,462

Other Expenses $317,249

TOTAL EXPENSES $973,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,795,688	$896,007	+1.0%
Expenses	$973,693	$1,096,070	-0.1%
Net Income	$821,995	$-200,063	-5.1%

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

Volunteers

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

$111,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERE DU PONT	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT MARTINELLI	DIRECTOR	1.00	Director	$0	$0	$0
NOHORA GONZALEZ	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK CALLAHAN	DIRECTOR	1.00	Director	$0	$0	$0
DERWIN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
PIERRE DU PONT	DIRECTOR	1.00	Director	$0	$0	$0
ELISE DU PONT ZOLLER	DIRECTOR	1.00	Director	$0	$0	$0
DAN FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
TONY ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN DOMBROWSKI	DIRECTOR	1.00	Director	$0	$0	$0
JIM TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
CATHY PULOS	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE FLOWERS	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE JOHNNIE	EXECUTIVE DIRECTOR	40.00	Officer	$111,579	$0	$111,579

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	$1,795,688	$973,693	$1,439,186	$821,995
2023	$896,007	$1,096,070	$617,284	$-200,063
2022	$384,828	$437,966	$571,629	$-53,138
2021	$555,982	$613,259	$738,832	$-57,277
2020	$254,009	$326,599	$485,921	$-72,590
2019	$566,411	$291,057	$538,669	$275,354
2018	$174,730	$157,516	$247,886	$17,214