THE DESCA FOUNDATION (EIN 901140936) - 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

Principal Officer

ERICA NEMSER

Phone

3022338034

Tax Period

2023-01-01 to 2023-12-31

THE DESCA FOUNDATION is a micro nonprofit in the Science & Technology sector that reported $37K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $89K exceeded revenue, resulting in a 141% operating deficit.

Mission

THE DESCA PROGRAMS HELP INNOVATORS AND TECHNOLOGISTS PLUG INTO DELAWARE'S INNOVATION ECOSYSTEM BY CONNECTING THEM TO RESOURCES, MENTORS AND FUNDING/STRATEGIC PARTNERS TO HELP SPEED THE COMMERCIALIZATION OF THEIR PRODUCTS.

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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 $15,000

Program Service Revenue $22,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $37,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,907

Fundraising Expenses $0

Other Expenses $10,402

TOTAL EXPENSES $89,309

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,000	$105,306	-0.6%
Expenses	$89,309	$123,180	-0.3%
Net Income	$-52,309	$-17,874	+1.9%

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

$54,900

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DORA CHEATHAM	EXECUTIVE DI	40.00	Officer	$54,900	$0	$54,900
MELINDA BURN	DIRECTOR	1.00	Director	$0	$0	$0
ELLINOR CARLSON	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA DEHAVEN	SECRETARY	2.00	Officer Director	$0	$0	$0
JULIUS KORLEY	DIRECTOR	1.00	Director	$0	$0	$0
ERICA NEMSER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY POLITIS	DIRECTOR	1.00	Director	$0	$0	$0
JANET E REED	DIRECTOR	1.00	Director	$0	$0	$0
ERIC STEINMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROGER R STRICKLAND	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT R THOMPSON	TREASURER	2.00	Officer Director	$0	$0	$0
BRYAN TRACY	DIRECTOR	1.00	Director	$0	$0	$0
YATI WAGHRAY	DIRECTOR	1.00	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	$37,000	$89,309	$8,123	$-52,309
2022	$105,306	$123,180	$38,979	$-17,874
2021	$132,158	$164,683	$56,853	$-32,525
2020	$202,628	$212,888	$176,878	$-10,260

THE DESCA FOUNDATION