Delmarva Education Association

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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

2003

Legal Domicile

Phone

3367657438

Tax Period

2023-01-01 to 2023-12-31

Delmarva Education Association, founded in 2003, is a community nonprofit in the Religion sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $3.2M exceeded revenue, resulting in a 35% operating deficit.

Mission

DELMARVA EDUCATION ASSOCIATION OWNS AND OPERATES BROADCAST STATIONS THAT PROVIDE EDUCATIONAL, INFORMATIONAL AND ENTERTAINMENT PROGRAMS SUPPORTED BY DONATIONS FROM LISTENERS, VARIOUS ORGANIZATIONS AND INDIVIDUALS. FUNDS RECEIVED IN EXCESS OF OPERATIONAL COSTS MAY BE DONATED TO OTHER CHARITABLE ORGANIZATIONS WHICH ARE A RESOURCE FOR PROGRAMMING MATERIALS FOR EDUCATIONAL, INFORMATIONAL AND HUMANITARIAN PURPOSES AT THE DIRECTION OF THE BOARD OF DIRECTORS AND THE PRESIDENT.

Program Service Accomplishments

Program 1

Expenses: $2,510,957 Revenue: $1,732,435

THE ORGANIZATION OWNED AND OPERATED BROADCAST RADIO STATIONS DURING THE YEAR THAT PROVIDED LISTENERS WITH EDUCATIONAL, INFORMATIONAL, RELIGIOUS AND OTHER ENTERTAINMENT DURING THE YEAR. WE ALSO...

THE ORGANIZATION OWNED AND OPERATED BROADCAST RADIO STATIONS DURING THE YEAR THAT PROVIDED LISTENERS WITH EDUCATIONAL, INFORMATIONAL, RELIGIOUS AND OTHER ENTERTAINMENT DURING THE YEAR. WE ALSO DONATED FUNDS TO OTHER CHARITABLE ORGANIZATIONS WHICH PROVIDE A RESOURCE FOR PROGRAMMING MATERIALS WITH MISSIONS THAT ALIGN WITH OURS IN ORDER TO FURTHER THEIR WORKS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $86,557

Program Service Revenue $1,144,526

Investment Income $895,564

Other Revenue $223,755

TOTAL REVENUE $2,350,402

Expense Breakdown

Grants Paid $942,452

Salaries & Benefits $679,414

Fundraising Expenses $0

Program Expenses $2,510,957

Other Expenses $1,561,308

TOTAL EXPENSES $3,183,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,350,402	$1,705,190	+0.4%
Expenses	$3,183,174	$2,591,862	+0.2%
Net Income	$-832,772	$-886,672	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy A Epperson	President	2.00	Officer Director	$0	$0	$0
Kristine E Pringle	Director	2.00	Director	$0	$0	$0
Stuart W Epperson Jr	Director	2.00	Director	$0	$0	$0
Alex Mcfarland	Director	2.00	Director	$0	$0	$0
Mark Gunn	Director	2.00	Director	$0	$0	$0
Bea Ward	Director	2.00	Director	$0	$0	$0
John Fonville	Director	2.00	Director	$0	$0	$0
Samuel Hicks	Director	2.00	Director	$0	$0	$0
Brian Sizer	Director	2.00	Director	$0	$0	$0
Phillip Calhoun	Director	2.00	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
2024	No data	No data	No data	No data
2023	$2,350,402	$3,183,174	$6,846,163	$-832,772
2022	$1,705,190	$2,591,862	$6,088,425	$-886,672
2021	$1,456,541	$2,244,175	$5,020,247	$-787,634
2020	$1,268,919	$1,993,979	$5,513,140	$-725,060
2019	$1,500,972	$2,120,436	$6,121,129	$-619,464
2018	$1,214,951	$2,370,914	$6,746,036	$-1,155,963