Delaware Health Net Inc
Delaware Health Net Inc. shows stable finances with no reported officer compensation, despite recent operating deficit.
EIN: 201336340 · Georgetown, DE · NTEE: E60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $892K |
| Total Expenses | $914K |
| Program Spending | 90% |
| Net Assets | $475K |
| Transparency Score | 85/100 |
Is Delaware Health Net Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Delaware Health Net Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Delaware Health Net Inc
Delaware Health Net Inc (EIN: 201336340) is a nonprofit organization based in Georgetown, DE, classified under NTEE code E60. The organization reported total revenue of $892K and total assets of $412K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware Health Net Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware Health Net Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $838K |
| Total Expenses | $914K |
| Surplus / Deficit | $-76,539 |
| Total Assets | $593K |
| Total Liabilities | $119K |
| Net Assets | $475K |
| Operating Margin | -9.1% |
| Debt-to-Asset Ratio | 20.0% |
| Months of Reserves | 7.8 months |
Financial Health Grade: B
In 2022, Delaware Health Net Inc reported a deficit of $77K with expenses exceeding revenue, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 20.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Delaware Health Net Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -9.8% | +20.8% | -9.1% |
| 2021 | +8.9% | -8.7% | +25.6% |
| 2020 | +5.7% | -0.8% | +12.5% |
| 2019 | +1.4% | +9.1% | -18.0% |
| 2018 | -4.1% | +3.5% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Delaware Health Net Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Delaware Health Net Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no officers or key employees received compensation from the organization, which is a strong positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Delaware Health Net Inc's IRS 990 filings:
- Operating deficit in the latest filing period (202208)
Strengths
The following positive indicators were identified for Delaware Health Net Inc:
- No reported officer compensation across all filings
- Consistent IRS 990 filing history (12 filings)
- Generally stable and growing revenue over the past decade
- Healthy asset base relative to liabilities
Frequently Asked Questions about Delaware Health Net Inc
Is Delaware Health Net Inc a legitimate charity?
Delaware Health Net Inc (EIN: 201336340) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $892K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Delaware Health Net Inc spend its money?
Delaware Health Net Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Delaware Health Net Inc tax-deductible?
Delaware Health Net Inc is registered as a tax-exempt nonprofit (EIN: 201336340). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Delaware Health Net Inc's spending goes to programs?
Delaware Health Net Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Delaware Health Net Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Delaware Health Net Inc is above average for NTEE category E60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Delaware Health Net Inc located?
Delaware Health Net Inc is headquartered in Georgetown, Delaware and files with the IRS under EIN 201336340. It is classified under NTEE code E60.
How many years of IRS 990 filings does Delaware Health Net Inc have?
Delaware Health Net Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $892K in total revenue.
Is Delaware Health Net Inc. financially stable?
Yes, the organization appears financially stable. While there was an operating deficit in 2022 ($837,871 revenue vs. $914,410 expenses), it has a history of surpluses (e.g., 2021: $928,729 revenue vs. $757,131 expenses) and maintains significant assets ($412,127 currently) relative to its liabilities.
How does Delaware Health Net Inc. manage executive compensation?
Delaware Health Net Inc. reports 0% officer compensation across all 12 available IRS 990 filings, indicating that no compensation was paid to its officers or key employees during these periods.
What is the trend in the organization's revenue?
Revenue has generally been stable and growing over the long term, from $398,567 in 2013 to $891,939 currently, with recent years consistently in the $800,000-$900,000 range, peaking at $928,729 in 2021.
Did the organization have a surplus or deficit in its latest filing?
In its latest reported period (202208), Delaware Health Net Inc. experienced an operating deficit, with expenses of $914,410 exceeding revenue of $837,871.
Filing History
IRS 990 filing history for Delaware Health Net Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Delaware Health Net Inc's revenue has grown by 44.4%, moving from $580K to $838K. Total assets increased by 110.2% over the same period, from $282K to $593K. Total functional expenses rose by 48.9%, from $614K to $914K. In its most recent filing year (2022), Delaware Health Net Inc reported a deficit of $77K, with expenses exceeding revenue. The organization holds $119K in liabilities against $593K in assets (debt-to-asset ratio: 20.0%), resulting in net assets of $475K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $838K | $914K | $593K | $119K | — | View 990 |
| 2021 | $929K | $757K | $653K | $102K | — | View 990 |
| 2020 | $853K | $830K | $520K | $142K | — | — |
| 2019 | $807K | $836K | $462K | $88K | — | View 990 |
| 2018 | $796K | $767K | $563K | $121K | — | View 990 |
| 2017 | $831K | $741K | $538K | $109K | — | View 990 |
| 2016 | $575K | $669K | $379K | $39K | — | View 990 |
| 2015 | $677K | $678K | $551K | $117K | — | View 990 |
| 2014 | $636K | $516K | $493K | $58K | — | View 990 |
| 2013 | $399K | $564K | $553K | $186K | — | View 990 |
| 2012 | $813K | $710K | $588K | $181K | — | View 990 |
| 2011 | $580K | $614K | $282K | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $838K, expenses of $914K, and assets of $593K (revenue -9.8% year-over-year).
- 2021: Revenue of $929K, expenses of $757K, and assets of $653K (revenue +8.9% year-over-year).
- 2020: Revenue of $853K, expenses of $830K, and assets of $520K (revenue +5.7% year-over-year).
- 2019: Revenue of $807K, expenses of $836K, and assets of $462K (revenue +1.4% year-over-year).
- 2018: Revenue of $796K, expenses of $767K, and assets of $563K (revenue -4.1% year-over-year).
- 2017: Revenue of $831K, expenses of $741K, and assets of $538K (revenue +44.5% year-over-year).
- 2016: Revenue of $575K, expenses of $669K, and assets of $379K (revenue -15.1% year-over-year).
- 2015: Revenue of $677K, expenses of $678K, and assets of $551K (revenue +6.4% year-over-year).
- 2014: Revenue of $636K, expenses of $516K, and assets of $493K (revenue +59.5% year-over-year).
- 2013: Revenue of $399K, expenses of $564K, and assets of $553K (revenue -51.0% year-over-year).
- 2012: Revenue of $813K, expenses of $710K, and assets of $588K (revenue +40.2% year-over-year).
- 2011: Revenue of $580K, expenses of $614K, and assets of $282K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware Health Net Inc:
Data Sources and Methodology
This transparency report for Delaware Health Net Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.