DALIO FAMILY FUND INC

EIN: 831575536 Human Services

WESTPORT, CT

Total Revenue
$806,892,040
Total Expenses
$96,903,990
Total Assets
$4,039,494,510
Net Assets
$4,039,482,581
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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
DE
Principal Officer
JANINE RACANELLI
Phone
2032915000
Tax Period
2024-01-01 to 2024-12-31

DALIO FAMILY FUND INC, founded in 2018, is a major nonprofit in the Human Services sector that reported $806.9M in total revenue in fiscal year 2024. Revenue surged 1060% from the prior year, signaling strong growth momentum. The organization ran a surplus of $710.0M, a strong 88% operating margin.

Mission

DALIO FAMILY FUND IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE PROMOTION OF SOCIAL WELFARE. SPECIFICALLY THE FUND WILL WORK TO FOSTER, SUPPORT, PROMOTE AND CONDUCT PROGRAMS, PROJECTS AND ACTIVITIES DESIGNED TO BENEFIT, SUSTAIN AND IMPROVE DIVERSE AND (SEE SCHEDULE O) UNDERSERVED COMMUNITIES THROUGHOUT THE WORLD, INCLUDING IN THE AREAS OF EDUCATION, ENVIRONMENTAL PROTECTION, OCEANIC EXPLORATION AND AWARENESS, HEALTHCARE, CHILD WELFARE, ECONOMIC EMPOWERMENT, AND THE ARTS.

Program Service Accomplishments

Program 1
Expenses: $36,827,417

OCEANS & ENVIRONMENT: SUPPORT GROUNDBREAKING EXPLORATION, SCIENTIFIC RESEARCH AND EDUCATION AIMED AT DEVELOPING A GREATER UNDERSTANDING AND APPRECIATION OF THE OCEANS AND ENVIRONMENT. ENABLE GREATER...

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OCEANS & ENVIRONMENT: SUPPORT GROUNDBREAKING EXPLORATION, SCIENTIFIC RESEARCH AND EDUCATION AIMED AT DEVELOPING A GREATER UNDERSTANDING AND APPRECIATION OF THE OCEANS AND ENVIRONMENT. ENABLE GREATER PROTECTION OF THE OCEANS FOR THE BENEFIT OF PEOPLE GLOBALLY, INCLUDING POPULATIONS THAT DEPEND ON THEM FOR THEIR SUSTAINABILITY. SUPPORT PROGRAMS THAT INSPIRE THE NEXT GENERATION OF OCEAN EXPLORERS AND PROBLEM SOLVERS TO ADVANCE KNOWLEDGE OF THE OCEAN AND ITS MANY CREATURES.

Program 2
Expenses: $18,203,195

HEALTH & WELLNESS: SUPPORT ACCESS TO QUALITY HEALTHCARE AND WELLNESS THROUGH RESEARCH, EDUCATION, IMPROVED ACCESS TO QUALITY HEALTHCARE, MENTAL HEALTH SERVICES, AND OTHER SUPPORTING SERVICES FOR...

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HEALTH & WELLNESS: SUPPORT ACCESS TO QUALITY HEALTHCARE AND WELLNESS THROUGH RESEARCH, EDUCATION, IMPROVED ACCESS TO QUALITY HEALTHCARE, MENTAL HEALTH SERVICES, AND OTHER SUPPORTING SERVICES FOR TRADITIONALLY UNDER-RESOURCED COMMUNITIES.

Program 3
Expenses: $15,891,626

EDUCATION: PROVIDE GRANTS AND PROGRAMMING TO IMPROVE ACCESS TO EDUCATIONAL OPPORTUNITIES FOR ALL THROUGH DIRECT ENGAGEMENT WITH PUBLIC SCHOOL COMMUNITIES AND TECHNOLOGY DRIVEN ACCESS TO LEARNING. BY...

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EDUCATION: PROVIDE GRANTS AND PROGRAMMING TO IMPROVE ACCESS TO EDUCATIONAL OPPORTUNITIES FOR ALL THROUGH DIRECT ENGAGEMENT WITH PUBLIC SCHOOL COMMUNITIES AND TECHNOLOGY DRIVEN ACCESS TO LEARNING. BY CHAMPIONING UNDERSERVED YOUTH IN CONNECTICUT AND BEYOND, WE STRIVE TO UNLOCK STUDENTS' POTENTIAL AND REENGAGE YOUTH WHO ARE SEVERELY OFF-TRACK OR DISCONNECTED FROM SCHOOL AND EMPLOYMENT. THROUGH PROGRAMS THAT INCREASE ACCESS TO THE INTERNET, DEVICES AND GAMING, WE SEEK TO BRIDGE THE DIGITAL DIVIDE IN LEARNING.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $760,315,060
Program Service Revenue $0
Investment Income $46,576,980
Other Revenue $0
TOTAL REVENUE $806,892,040

Expense Breakdown

Grants Paid $73,981,225
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $85,083,439
Other Expenses $22,922,765
TOTAL EXPENSES $96,903,990

Year-over-Year Comparison

2024 2023 Change
Revenue $806,892,040 $69,545,101 +10.6%
Expenses $96,903,990 $195,331,019 -0.5%
Net Income $709,988,050 $-125,785,918 -6.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANINE RACANELLI PRESIDENT & DIRECTOR 1.00
Officer Director
$0 $0 $0
BARBARA DALIO DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW DALIO DIRECTOR 1.00
Director
$0 $0 $0
MARK DALIO DIRECTOR 1.00
Director
$0 $0 $0
LISA SAFIAN TREASURER 1.00
Officer
$0 $0 $0
GRETCHEN WAGNER SECRETARY 1.00
Officer
$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 $806,892,040 $96,903,990 $4,039,494,510 $709,988,050
2023 $69,545,101 $195,331,019 $3,239,856,131 $-125,785,918
2022 $82,333,236 $116,269,603 $3,312,837,043 $-33,936,367
2021 $134,784,215 $118,768,846 $3,471,122,443 $16,015,369
2020 $504,110,253 $118,738,174 $3,501,956,477 $385,372,079
2019 $3,054,970,595 $37,498,403 $3,059,403,198 $3,017,472,192
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