DESIGN THINKING ACADEMY INC

EIN: 463003036 501(c)(3)

NEW CASTLE, DE

Total Revenue
$5,611,525
Total Expenses
$6,359,879
Total Assets
$4,291,311
Net Assets
$-3,749,778
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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
DE
Principal Officer
REBECCA COLLINS
Phone
3026601523
Tax Period
2018-07-01 to 2019-06-30

DESIGN THINKING ACADEMY INC, founded in 2012, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2018. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $6.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE SCHOOL'S MISSION IS TO EMPOWER ALL STUDENTS TO BE TOMORROWS INNOVATORS AND LIFELONG LEARNERS WHO QUESTION, IMAGINE, CREATE, AND SHARE EVERY DAY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $5,999,271
Program Service Revenue $118,550
Investment Income $-506,296
Other Revenue $0
TOTAL REVENUE $5,611,525

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,530,451
Fundraising Expenses $0
Program Expenses $6,359,879
Other Expenses $2,829,428
TOTAL EXPENSES $6,359,879

Year-over-Year Comparison

2018 2017 Change
Revenue $5,611,525 $4,784,327 +0.2%
Expenses $6,359,879 $4,837,723 +0.3%
Net Income $-748,354 $-53,396 +13.0%
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
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL MILLER CHAIRMAN 5.00
Officer Director
$0 $0 $0
MATT URBAN BOARD MEMBER 1.00
Director
$0 $0 $0
JOE LOPORTO BOARD MEMBER 1.00
Director
$0 $0 $0
EVAN QUEITSCH BOARD MEMBER 1.00
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
2019 $5,611,525 $6,359,879 $4,291,311 $-748,354
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