PHILADELPHIA, PA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)DELAWARE RIVER WATERFRONT CORPORATION, founded in 1970, is a mid-sized nonprofit in the Community Improvement sector that reported $18.4M in total revenue in fiscal year 2024.
DRWC'S MISSION IS TO MAINTAIN AND PROMOTE THE USE AND DEVELOPMENT OF THE CITY OF PHILADELPHIA'S WATERFRONT. THIS TASK IS OF VITAL IMPORTANCE TO THE CITY AND ONE WHICH THE CITY WOULD OTHERWISE BE RQUIRED TO PERFORM ABSENT THE DRWC.
DRWC IS DEDICATED TO THE PLANNING, DESIGN, DEVELOPMENT AND MANAGEMENT OF THE CENTRAL DELAWARE RIVER WATERFRONT IN PHILADELPHIA, DEFINED AS THE SIX-MILE STRETCH OF THE CENTRAL DELAWARE, WHICH IS THE...
DRWC IS DEDICATED TO THE PLANNING, DESIGN, DEVELOPMENT AND MANAGEMENT OF THE CENTRAL DELAWARE RIVER WATERFRONT IN PHILADELPHIA, DEFINED AS THE SIX-MILE STRETCH OF THE CENTRAL DELAWARE, WHICH IS THE AREA DEFINED BY ORGON AVENUE IN THE SOUTH OF ALLEGHENY AVENUE IN THE NORTH AND FROM I-95 TO THE DELAWARE RIVER. THE GOAL OF DRWC IS TO EFFECTUATE OVER TIME THE TRANSFORMATION OF THE CENTRAL DELAWARE RIVER WATERFRONT INTO A VIBRANT DESTINATION LOCATION FOR THE RECREATIONAL, CULTURAL, PORT/INDUSTRIAL AND COMMERCIAL ACTIVITIES OF PHILADELPHIA'S RESIDENTS, WORKERS AND VISITORS.
DRWC REMAINS STEADFAST IN ITS COMMITMENT TO FREE PUBLIC PROGRAMING ON THE WATERFRONT AT PENN'S LANDING. ALL EVENTS PRODUCED BY DRWC ARE FREE TO THE PUBLIC. THE RIVER STAGE HOSTED A VARIETY OF...
DRWC REMAINS STEADFAST IN ITS COMMITMENT TO FREE PUBLIC PROGRAMING ON THE WATERFRONT AT PENN'S LANDING. ALL EVENTS PRODUCED BY DRWC ARE FREE TO THE PUBLIC. THE RIVER STAGE HOSTED A VARIETY OF NATIONAL ARTISTS IN THE ROCK, JAZZ, GOSPEL AND CLASSICAL GENRES AND ALSO WAS ABLE TO ACCOMMODATE THE FULL PHILADELPHIA ORCHESTRA. PENN'S LANDING CONTINUES TO SERVE AS A FEATURED LOCATION FOR THE CITY'S INDEPENDENCE DAY CELEBRATION, HOSTING HIGH PROFILE WATERFRONT CONCERT WITH FIREWORKS. THE SUMMER PROGRAM SEASON INCLUDED DIFFERENT MULTICULTURAL SERIES CELEBRATING THE RICH DIVERSITY OF THE GREATER PHILADELPHIA REGION, MARQUEE CONCERTS FEATURING FAMILY ENTERTAINMENT, THE SOUNDS OF R&B AND JAZZ.
DRWC ENGAGES IN A VARIETY OF ACTIVITIES IN SUPPORT OF ITS MISSION, ON BEHALF OF THE CITY, OF MAINTAINING AND PROMOTING THE USE AND DEVELOPMENT OF CITY'S CENTRAL WATERFRONT, WHICH INCLUDES "BLUE ROSS...
DRWC ENGAGES IN A VARIETY OF ACTIVITIES IN SUPPORT OF ITS MISSION, ON BEHALF OF THE CITY, OF MAINTAINING AND PROMOTING THE USE AND DEVELOPMENT OF CITY'S CENTRAL WATERFRONT, WHICH INCLUDES "BLUE ROSS RIVER RINK" AT PENN'S LANDING. IT IS A STANDARD OLYMPIC REGULATIONS SIZE ICE RINK, DURING THE WINTER AND TURNED INTO A ROLLER-SKATING RINK IN THE SUMMER, OPEN TO THE PUBLIC AS A RECREATIONAL AND EDUCATIONAL ARENA. SLED SKATING LESSONS ARE AVAILABLE FOR DISABLED CHILDREN. THE RINK IS OPERATION OF THESE SKATING RINKS RELIEVES THE CITY OF FROM HAVING TO OPERATE THE PUBLIC ARENA, WHICH IT WOULD OTHERWISE DO THE GENERAL WELFARE OF ITS CITIZENS, INCLUDING THE MULTITUDE OF YOUNGER PEOPLE UTILIZING THIS FACILITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $18,405,215 | $17,491,111 | +0.1% |
| Expenses | $19,672,259 | $17,797,878 | +0.1% |
| Net Income | $-1,267,044 | $-306,767 | +3.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOSEPH FORKIN | PRESIDENT | 40.0 |
Officer
|
$310,426 | $63,528 | $373,954 |
| JODIE MILKMAN | EXECUTIVE VICE PRESIDENT | 40.0 |
Highest
|
$189,821 | $52,821 | $242,642 |
| LARRY BELL | CHIEF FINANCIAL OFFICER | 40.0 |
Officer
|
$162,977 | $25,233 | $188,210 |
| LAVELLE YOUNG | VICE PRESIDENT-OPERATIONS | 40.0 |
Highest
|
$131,231 | $24,690 | $155,921 |
| ELIZABETH WOODS | VICE PRESIDENT - OPERATIONS | 40.0 |
Highest
|
$125,820 | $23,789 | $149,609 |
| JAY R GOLDSTEIN | BOARD CHAIRMAN/TREASURER | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| OBRA KERNODLE IV | BOARD VICE CHAIRMAN | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| BILL HANKOWSKY | SECRETARY | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE DIBERARDINIS | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| DIANE DALTO WOOSNAM | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| AVI EDEN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| JOHN MONDLAK | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| BILL HANKOWSKY | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MICHAEL HAUPTMAN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| ANGELA VAL | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MARILYN JORDAN TAYLOR | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MATT RUBEN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| DONN SCOTT | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| BILL WILSON | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| ELLEN YIN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MARIO ZACHARJASZ | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| KAREN FEGELY | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $18,405,215 | $19,672,259 | $94,849,179 | $-1,267,044 |
| 2024 | $17,491,111 | $17,797,878 | $60,538,833 | $-306,767 |
| 2023 | $18,515,350 | $17,445,036 | $52,801,701 | $1,070,314 |
| 2022 | $19,823,036 | $17,856,655 | $138,544,770 | $1,966,381 |
| 2021 | $24,883,136 | $25,000,753 | $26,551,411 | $-117,617 |
| 2020 | $25,633,090 | $23,924,697 | $34,778,215 | $1,708,393 |
| 2019 | $23,801,262 | $24,892,840 | $24,901,363 | $-1,091,578 |
| 2018 | $21,816,350 | $21,823,717 | $26,081,179 | $-7,367 |
Compare DELAWARE RIVER WATERFRONT CORPORATION with other nonprofits in Pennsylvania and across the country.