KENT COUNTY REGIONAL SPORTS COMPLEX

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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

Formation Year

2012

Legal Domicile

Principal Officer

WILLIAM STRICKLAND

Phone

3023308873

Tax Period

2024-01-01 to 2024-12-31

KENT COUNTY REGIONAL SPORTS COMPLEX, founded in 2012, is a community nonprofit in the Recreation & Sports sector that reported $7.2M in total revenue in fiscal year 2024. Revenue surged 188% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 57% operating margin.

Mission

TO SERVE AS AN ECOMOMIC ENGINE FOR CENTRAL DELAWARE BY PROVIDING A FIRST- CLASS SPORTS DESTINATION VENUE THAT ATTRACTS SPORTS TOURISM TO THE AREA, AS WELL AS SERVICES OUR LOCAL COMMUNITY NEEDS FOR YOUTH TO PLAY, LEARN, COMPETE AND GROW.

Program Service Accomplishments

Program 1

Expenses: $2,506,693 Revenue: $2,017,602

DE TURF PROVIDES A FIRST-CLASS SPORTS COMPLEX VENUE WITH SYNTHETIC TURF FIELDS AND CHAMPIONSHIP STADIUM SEATING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,870,691

Program Service Revenue $2,017,602

Investment Income $260,007

Other Revenue $16,550

TOTAL REVENUE $7,164,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $420,634

Fundraising Expenses $11,157

Program Expenses $2,506,693

Other Expenses $2,687,702

TOTAL EXPENSES $3,108,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,164,850	$2,492,075	+1.9%
Expenses	$3,108,336	$2,995,149	+0.0%
Net Income	$4,056,514	$-503,074	-9.1%

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

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER BRADLEY	CLASS A DIRE	2.00	Director	$0	$0	$0
BRIAN BUSHWELLER	CLASS B DIRE	2.00	Director	$0	$0	$0
MICHAEL CAREY	CLASS B DIRE	2.00	Director	$0	$0	$0
SHELLY CECCHETT	CLASS A DIRE	2.00	Director	$0	$0	$0
BILL CONWAY	CLASS B DIRE	2.00	Director	$0	$0	$0
NANCY COOK	CLASS B DIRE	2.00	Director	$0	$0	$0
SCOTT HAMMER	CLASS B DIRE	2.00	Director	$0	$0	$0
CARRIE LINGO	CLASS B DIRE	2.00	Director	$0	$0	$0
SEAN MERCER	TREASURER	2.00	Officer Director	$0	$0	$0
LINDA PARKOWSKI	VICE CHAIR	5.00	Officer Director	$0	$0	$0
CHARLES POSTLES	CLASS A DIRE	2.00	Director	$0	$0	$0
ROBERT REED	CLASS B DIRE	2.00	Director	$0	$0	$0
JEREMY SHEPPARD	CLASS A DIRE	2.00	Director	$0	$0	$0
CINDY SMALL	SECRETARY	2.00	Officer Director	$0	$0	$0
WILLIAM STRICKLAND	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
JESSICA WELCH	CLASS A DIRE	2.00	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	$7,164,850	$3,108,336	$25,050,428	$4,056,514
2023	$2,492,075	$2,995,149	$21,654,104	$-503,074
2022	$4,091,004	$2,955,652	$22,765,958	$1,135,352
2021	$4,444,766	$2,788,481	$21,952,323	$1,656,285
2020	$1,763,555	$2,685,442	$20,886,185	$-921,887
2019	$2,064,462	$2,926,037	$20,323,007	$-861,575
2018	$1,343,976	$2,880,275	$20,811,823	$-1,536,299