TRI-STATE COMMUNITY PARTNERS INC

EIN: 884228143

WILMINGTON, DE

Total Revenue
$11,067,873
Total Expenses
$46,479
Total Assets
$23,481,569
Net Assets
$20,374,801
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DE
Principal Officer
WILL HORROCKS
Phone
3028889152
Tax Period
2025-01-01 to 2025-12-31

TRI-STATE COMMUNITY PARTNERS INC, founded in 2022, is a mid-sized nonprofit that reported $11.1M in total revenue in fiscal year 2025. Revenue surged 199% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.0M, a strong 100% operating margin.

Mission

TRI-STATE COMMUNITY PARTNERS, INC. (TSCP) WILL LESSEN THE BURDENS OF GOVERNMENT AND PROMOTE THE GENERAL WELFARE OF THE COMMUNITY BY ASSISTING THE CITY OF SEAFORD, DELAWARE (CITY), AND THE STATE OF DELAWARE (STATE) IN ELIMINATING A BLIGHTED AREA IN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $25,000 Revenue: $27,000

FUNDS RECEIVED IN 2025 WERE USED IN FURTHERANCE OF TSCP'S NYLON CAPITAL SHOPPING CENTER REVITALIZATION PROJECT. AFTER BREAKING GROUND IN 2024, THE PROJECT REACHED A MAJOR MILESTONE IN 2025 WITH THE...

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FUNDS RECEIVED IN 2025 WERE USED IN FURTHERANCE OF TSCP'S NYLON CAPITAL SHOPPING CENTER REVITALIZATION PROJECT. AFTER BREAKING GROUND IN 2024, THE PROJECT REACHED A MAJOR MILESTONE IN 2025 WITH THE OPENING OF ITS FIRST NEW TENANTS: BRIGHTBLOOM CENTERS FOR CHILDREN WITH AUTISM AND COMMUNITY BANK OF DELAWARE. CONSTRUCTION CONTINUES AT A STRONG PACE ON THE PROJECT'S THREE LARGEST TENANTSTIDALHEALTH, DELAWARE TECHNICAL COMMUNITY COLLEGE, AND THE MILLALL OF WHICH ARE CURRENTLY UNDERGOING INTERIOR FIT-OUTS. TIDALHEALTH WILL DELIVER CRITICAL ORTHOPEDIC AND IMAGING SERVICES, ADDRESSING A SIGNIFICANT GAP IN LOCAL HEALTHCARE ACCESS. DELAWARE TECHNICAL COMMUNITY COLLEGE'S NEW FACILITY WILL SUPPORT WORKFORCE DEVELOPMENT THROUGH PROGRAMS IN NURSING AND ALLIED HEALTH FIELDS, INCLUDING EKG TECHNICIANS, NURSING ASSISTANTS, AND DENTAL ASSISTANTS, AS WELL AS TRAINING FOR HVAC AND WELDING TECHNICIANS. THE MILL, A CO-WORKING ORGANIZATION, WILL PROVIDE SPACE FOR STARTUP BUSINESSES AND NONPROFIT ORGANIZATIONS, FOSTERING INNOVATION, COLLABORATION, AND ECONOMIC GROWTH THROUGHOUT THE REGION.THE CITY HAS RECOGNIZED NYLON CAPITAL SHOPPING CENTER AS A BLIGHTED SITE. THE 22-ACRE SHOPPING CENTER, ONCE A SYMBOL OF PRIDE AND PROGRESS FOR THE CITY, HAS BEEN PREDOMINANTLY VACANT FOR OVER A DECADE. MOST OF THE SHOPPING CENTER HAD DECAYED INTO A DILAPIDATED SHELL (DELAWARE BUSINESS TIMES, 2019). IMPROVEMENTS TO THE SITE REQUIRED ENVIRONMENTAL EXPENDITURES FOR ASBESTOS, REMOVAL OF UNDERGROUND TANKS AND REMOVAL OF CONTAMINATED SOIL. WESTERN SUSSEX COUNTY, DELAWARE, WHERE THE SITE IS LOCATED, HAS A HOST OF ECONOMIC, SOCIOECONOMIC AND HEALTHCARE ISSUES THAT HAVE BEEN EXACERBATED BY THE COVID-19 PANDEMIC. THE COMMUNITIES THERE EXPERIENCE A POVERTY RATE THAT IS DOUBLE OR TRIPLE THAT STATEWIDE POVERTY RATE OF 11 PERCENT. THIS POVERTY IS BEING EXPERIENCED DISPROPORTIONALLY BY MINORITY POPULATIONS AND SINGLE WOMEN. THE CITY HAS PARTICULARLY STRUGGLED AFTER AN IMPORTANT MANUFACTURING FACILITY CLOSED. THE REDEVELOPMENT OF THE BLIGHTED SITE WILL AID COMBATTING THESE CONDITIONS. THE REDEVELOPMENT OF THE SITE WILL HELP IMPLEMENT THE CITY'S GOAL TO REPLACE THE BLIGHTED SITE, WHICH WAS ONCE THE EPICENTER OF TOWN, AND ENTICE TENANTS WHO WILL BENEFIT THE COMMUNITY AS WELL AS PROVIDING MUCH NEEDED EMPLOYMENT.

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Trantor Score

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $11,038,278
Program Service Revenue $0
Investment Income $29,595
Other Revenue $0
TOTAL REVENUE $11,067,873

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $25,000
Other Expenses $21,479
TOTAL EXPENSES $46,479

Year-over-Year Comparison

2025 2024 Change
Revenue $11,067,873 $3,701,807 +2.0%
Expenses $46,479 $41,512 +0.1%
Net Income $11,021,394 $3,660,295 +2.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILL HORROCKS PRESIDENT AND DIRECTOR 0.00
Officer Director
$0 $0 $0
VINCENT GARMAN SECRETARY AND DIRECTOR 0.00
Officer Director
$0 $0 $0
ANDREW LEVIN DIRECTOR 0.00
Director
$0 $0 $0
DAVID RINNIER DIRECTOR 0.00
Director
$0 $0 $0
TAYLOR SANTORO DIRECTOR 0.00
Director
$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
2025 $11,067,873 $46,479 $23,481,569 $11,021,394
2024 $3,701,807 $41,512 $12,995,830 $3,660,295
2023 $656,128 $39,443 $5,989,943 $616,685
2022 $5,100,500 $24,073 $5,083,521 $5,076,427
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