CAB CALLOWAY SCHOOL FUND

EIN: 200581573 501(c)(3) Education

WILMINGTON, DE

Total Revenue
$531,324
Total Expenses
$516,955
Total Assets
$362,640
Net Assets
$340,140
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
DE
Principal Officer
MIKE NORFLEET
Phone
3026512702
Tax Period
2024-10-01 to 2025-09-30

CAB CALLOWAY SCHOOL FUND, founded in 2003, is a small nonprofit in the Education sector that reported $531K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

THE CAB CALLOWAY SCHOOL FUND SUPPORTS CAB CALLOWAY SCHOOL OF THE ARTS AND SMARTSUMMER BY PROVIDING FINANCIAL AND OTHER ASSISTANCE TO PROGRAMS, STUDENTS, AND THE COMMUNITY AT LARGE WHO HAVE BEEN IDENTIFIED AS NEEDING SUPPORT FOR ARTS AND/OR ACADEMIC TRAINING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $250,705
Program Service Revenue $268,148
Investment Income $12,471
Other Revenue $0
TOTAL REVENUE $531,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $328,484
Fundraising Expenses $4,507
Program Expenses $490,644
Other Expenses $188,471
TOTAL EXPENSES $516,955

Year-over-Year Comparison

2024 2023 Change
Revenue $531,324 $587,604 -0.1%
Expenses $516,955 $554,472 -0.1%
Net Income $14,369 $33,132 -0.6%
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

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Governance

Voting Members
15
Independent Members
15
Employees
3
Volunteers
43

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIFFANY HOERTER BOARD MEMBER/CHAIR OF THE 4.00
Officer Director
$0 $0 $0
MIKE NORFLEET TREASURER 3.00
Officer Director
$0 $0 $0
MARIA JOSE RIERA BOARD MEMBER/VICE CHAIR 4.00
Officer Director
$0 $0 $0
JULIA KLEIN BOARD SECRETARY 0.50
Director
$0 $0 $0
TARA MADSEN ROBBINS BOARD MEMBER 0.50
Director
$0 $0 $0
STEVE ABDREZJEWSKI BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID MORSE BOARD MEMBER 0.50
Director
$0 $0 $0
GREG SCHMIDT BOARD MEMBER 0.50
Director
$0 $0 $0
KARMA PACE BOARD MEMBER 0.50
Director
$0 $0 $0
JULIE RUMSCHLAG BOARD MEMBER 0.50
Director
$0 $0 $0
ANTHONY GRAY BOLDEN BOARD MEMBER 0.50
Director
$0 $0 $0
DR CARLTON CANNON BOARD MEMBER, TEACHER REPR 0.50
Officer Director
$0 $0 $0
NAN STIDHAM EXECUTIVE DIRECTOR 40.00
Director
$0 $0 $0
CELINE COVERDALE BOARD MEMBER 0.50
Director
$0 $0 $0
SALLIE MCBRIDE BOARD MEMBER 0.50
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 $531,324 $516,955 $362,640 $14,369
2024 $587,604 $554,472 $346,698 $33,132
2023 $353,566 $397,160 $306,073 $-43,594
2022 $392,615 $344,850 $336,233 $47,765
2021 $367,817 $273,739 $288,468 $94,078
2020 $196,011 $175,051 $216,445 $20,960
2019 $275,926 $292,084 $182,129 $-16,158
2018 $389,292 $310,696 $197,975 $78,596
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