DELAWARE PROSPERITY PARTNERSHIP INC (EIN 822881997) - 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

2017

Legal Domicile

Principal Officer

WILLIAM KURT FOREMAN

Phone

3024777497

Tax Period

2024-01-01 to 2024-12-31

DELAWARE PROSPERITY PARTNERSHIP INC, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE DELAWARE PROSPERITY PARTNERSHIP (DPP) WAS CREATED AS A PRIVATE ENTITY TO LEAD THE STATE OF DELAWARE'S ECONOMIC DEVELOPMENT EFFORTS. ESTABLISHMENT OF THIS PRIVATE ENTITY WAS A CRITICAL STEP TO ENHANCE THE STATE'S ABILITY TO ATTRACT, GROW AND RETAIN COMPANIES; TO BUILD STRONGER ENTREPRENEURIAL AND INNOVATION ECOSYSTEM; AND TO SUPPORT PRIVATE EMPLOYERS IN IDENTIFYING, RECRUITING, AND DEVELOPING TALENT.

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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 $3,099,355

Program Service Revenue $0

Investment Income $92,200

Other Revenue $0

TOTAL REVENUE $3,191,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,753,813

Fundraising Expenses $180,415

Program Expenses $2,551,136

Other Expenses $1,456,519

TOTAL EXPENSES $3,210,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,191,555	$2,860,513	+0.1%
Expenses	$3,210,332	$3,427,310	-0.1%
Net Income	$-18,777	$-566,797	-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

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

$295,275

Total Directors

$295,275

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DESMOND BAKER	SECRETARY	1.00	Officer Director	$0	$0	$0
GREGG MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM BUSH	BOARD MEMBER	1.00	Director	$0	$0	$0
ROB RIDER	TREASURER	1.00	Officer Director	$0	$0	$0
JACK WALSH	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN PETTYJOHN	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT HERRERA	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNDON YEARICK	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN CARNEY JR	CO CHAIRMAN	1.00	Officer Director	$0	$0	$0
RODMAN WARD III	CO-CHAIRMAN	1.00	Officer Director	$0	$0	$0
WILLIAM KURT FOREMAN	CEO	40.00	Officer Director	$284,202	$11,073	$295,275
FAYETTA BLAKE	AUDIT CHAIR	1.00	Officer Director	$0	$0	$0
RODGER LEVENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH BRAND	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY EDWARDS	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERESE WINSTEAD	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANE BREAKIE	BOARD MEMBER	1.00	Director	$0	$0	$0
WHITNEY SWEENEY	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD WILKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DESA BURTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CHALRES MADDEN	DIRECTOR OF BUSINESS DEVEL	40.00	Highest	$155,590	$4,425	$160,015
NOAH OLSEN	DIRECTOR OF INNOVATION	40.00	Highest	$128,465	$6,367	$134,832
JOSEPH LEWIS III	DIRECTOR OF MARKETING & EX	40.00	Highest	$129,631	$4,994	$134,625
REBECCA HARRINGTON	DIRECTOR OF BUSINESS DEVEL	40.00	Highest	$177,879	$0	$177,879

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	$3,191,555	$3,210,332	$3,149,350	$-18,777
2023	$2,860,513	$3,427,310	$3,281,664	$-566,797
2022	$3,121,078	$3,052,024	$3,511,837	$69,054
2021	$3,168,461	$3,097,906	$3,299,751	$70,555
2020	$2,644,951	$3,035,590	$3,150,516	$-390,639
2019	$3,638,828	$2,903,494	$3,618,345	$735,334
2018	$2,999,397	$1,358,978	$2,801,959	$1,640,419

DELAWARE PROSPERITY PARTNERSHIP INC