United Way of Delaware

Nonprofit profile at a glance

EIN
510073399
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Wilmington, DE, USA
Phone
3025733700
Rating
87
Verdict
STRONG
Rating confidence
Standard
Sector
Federated Giving Programs

Official website

Reported finances

Revenue
$18,193,917
Expenses
$17,860,529
Assets
$15,330,591
Liabilities
$4,268,110

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

39 people listed

Executive titles in this filing

  • MICHELLE A TAYLOR (PRESIDENT AND CEO)

Highest reported compensation

  • MICHELLE A TAYLOR (PRESIDENT AND CEO): $318,839 total reported compensation
  • DAN CRUCE (COO): $230,962 total reported compensation
  • BRIAN KORNET (SR VP AND CFO THROUGH AUG 2024): $134,137 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's mission is to maximize the community's resources to improve the quality of lives of all delawareans.

What it reported doing in 2024

United way of Delaware works in collaboration with the community to ensure that children are reading on grade level by third grade, to help young people develop a path to college and career readiness, and to provide opportunities for individuals and families to achieve economic stability and financial empowerment.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 41% for direct work, and 59% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 94
  • Accountability: 89
  • Sustainability: 40
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.4%; rating input score 93
  • Program expense ratio: 95.1%; rating input score 95
  • Fundraising efficiency: $56.86 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 97.1%; rating input score 97; 31st percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 1.8%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 0.86; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 5.8%; rating input score 44; 44th percentile among comparable filings

Growth

  • Program expense growth: 2% per year; rating input score 100; 19th percentile among comparable filings
  • Revenue growth: -0.7% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -4.9% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 93.4% of revenue deployed · 95.1% of spending went to programs
  • Governance: 33 of 34 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $17M in reported program spending
  • Leadership: top reported pay $319K · 39 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 42/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 44/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.