DELAWARE PROSPERITY PARTNERSHIP INC

EIN: 822881997 501(c)(3) Community Improvement

WILMINGTON, DE

Total Revenue
$3,210,956
Total Expenses
$3,173,036
Total Assets
$3,064,590
Net Assets
$2,654,203
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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
DE
Principal Officer
REBECCA HARRINGTON
Phone
3024777497
Tax Period
2025-01-01 to 2025-12-31

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 2025.

Mission

TO LEAD THE STATE OF DELAWARE'S ECONOMIC DEVELOPMENT EFFORTS.

Program Service Accomplishments

Program 1
Expenses: $2,471,452

ACTIVITIES DEVELOPED TO ENHANCE BUSINESS RECRUITMENT, PROMOTE ENTREPRENUERSHIP AND INNOVATION, SUPPORT WORKFORCE DEVELOPMENT EFFORTS, AND PRODUCE FORWARD LOOKING ANALYSIS ON ECONOMIC TRENDS TO BEST...

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ACTIVITIES DEVELOPED TO ENHANCE BUSINESS RECRUITMENT, PROMOTE ENTREPRENUERSHIP AND INNOVATION, SUPPORT WORKFORCE DEVELOPMENT EFFORTS, AND PRODUCE FORWARD LOOKING ANALYSIS ON ECONOMIC TRENDS TO BEST POSITION DELAWARE'S ECONOMY TO GROW.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,163,500
Program Service Revenue $0
Investment Income $47,456
Other Revenue $0
TOTAL REVENUE $3,210,956

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,829,988
Fundraising Expenses $137,031
Program Expenses $2,471,452
Other Expenses $1,343,048
TOTAL EXPENSES $3,173,036

Year-over-Year Comparison

2025 2024 Change
Revenue $3,210,956 $3,191,555 +0.0%
Expenses $3,173,036 $3,210,332 0.0%
Net Income $37,920 $-18,777 -3.0%
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

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Governance

Voting Members
30
Independent Members
30
Employees
14
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
5
$290,858
Total Directors
31
$290,858
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH BRAND SECRETARY 1.00
Officer 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 CO CHAIRMAN 1.00
Director
$0 $0 $0
LYNDON YEARICK BOARD MEMBER 1.00
Director
$0 $0 $0
ED CAPODANNO BOARD MEMBER 1.00
Director
$0 $0 $0
RODMAN WARD III BOARD MEMBER 1.00
Officer Director
$0 $0 $0
WILLIAM KURT FOREMAN FORMER PRESIDENT AND CEO 40.00
Officer Director
$281,678 $9,180 $290,858
FAYETTA BLAKE AUDIT CHAIR 1.00
Officer Director
$0 $0 $0
RODGER LEVENSON CO CHAIRMAN 1.00
Director
$0 $0 $0
PATRICK CALLAHAN 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
DR SUZANNE SYSKO CLOUGH 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
MALCOLM COLEY BOARD MEMBER 1.00
Director
$0 $0 $0
DESA BURTON BOARD MEMBER 1.00
Director
$0 $0 $0
DR DANIEL FREEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN GAVENONIS BOARD MEMBER 1.00
Director
$0 $0 $0
JEANNE MELL BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE MONTGOMERY BOARD MEMBER 1.00
Director
$0 $0 $0
THE HON MATT MEYER BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY MURPHY BOARD MEMBER 1.00
Director
$0 $0 $0
EMILIE NINAN BOARD MEMBER 1.00
Director
$0 $0 $0
LISA SCHMIDT BOARD MEMBER 1.00
Director
$0 $0 $0
PAULA SWAIN BOARD MEMBER 1.00
Director
$0 $0 $0
DR KRIS VADDI BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT WITTIG BOARD MEMBER 1.00
Director
$0 $0 $0
CHALRES MADDEN DIRECTOR OF BUSINESS & TALENT 40.00
Highest
$157,766 $5,072 $162,838
NOAH OLSON VICE PRESIDET OF INNOVATION 40.00
Highest
$140,080 $7,321 $147,401
JOSEPH LEWIS III DIRECTOR OF MARKETING & EX 40.00
Highest
$132,193 $6,925 $139,118
REBECCA HARRINGTON INTERIM PRESIDENT AND CEO 40.00
Highest
$188,467 $0 $188,467
CHRISTOPHER KELLY DIRECTOR OF ECONOMIC RESEARCHER 40.00
Highest
$123,060 $3,227 $126,287
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 $3,210,956 $3,173,036 $3,064,590 $37,920
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
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