DELAWARE ART MUSEUM INC

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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

1912

Legal Domicile

Principal Officer

DENISE DAVIS

Phone

3025719590

Tax Period

2024-01-01 to 2024-12-31

DELAWARE ART MUSEUM INC, founded in 1912, is a community nonprofit in the Arts, Culture & Humanities sector that reported $6.3M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $50.7M represent 96 months of operating reserves.

Mission

THE MUSEUM'S MISSION IS TO CONNECT PEOPLE TO ART, OFFERING AN INCLUSIVE AND ESSENTIAL COMMUNITY RESOURCE THAT THROUGH ITS COLLECTIONS, EXHIBITIONS, AND PROGRAMS GENERATES CREATIVE ENERGY THAT SUSTAINS, ENRICHES, EMPOWERS, AND INSPIRES.

Program Service Accomplishments

Program 1

Expenses: $3,254,488 Revenue: $197,033

CURATORIAL EXPENSES FOR THE CONSERVATION & EXHIBITION OF ART

Program 2

Expenses: $883,285 Revenue: $348,736

EDUCATION/ENGAGEMENT

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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 $4,163,760

Program Service Revenue $515,040

Investment Income $2,013,884

Other Revenue $-366,589

TOTAL REVENUE $6,326,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,330,584

Fundraising Expenses $609,100

Program Expenses $4,137,773

Other Expenses $3,829,856

TOTAL EXPENSES $6,160,440

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,326,095	$5,124,381	+0.2%
Expenses	$6,160,440	$6,318,169	0.0%
Net Income	$165,655	$-1,193,788	-1.1%

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

115

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

$287,373

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID POLLACK	ASST TREASURER	1.00	Officer Director	$0	$0	$0
GERRET VAN S COPELAND	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SUSAN THOMAS	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTINE MORITZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEANANA LLOYD	FIRST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BARAK BASSMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIEL F LINDLEY	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID CULLMAN	TRUSTEE	1.00	Director	$0	$0	$0
RONALD VARNEY	TRUSTEE	1.00	Director	$0	$0	$0
KEN ALDRIDGE	SECOND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PHYLLIS WOOLLEY MOBLEY	TRUSTEE	1.00	Director	$0	$0	$0
FATIMAH CONLEY	TRUSTEE	1.00	Director	$0	$0	$0
ERIC SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DAVE ALLMAN	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER SAVAGE	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN S MATT	ASST SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD P FITZGERALD	TRUSTEE	1.00	Director	$0	$0	$0
JAN JESSUP	TRUSTEE	1.00	Director	$0	$0	$0
LINDSEY DISABATINO	TRUSTEE	1.00	Director	$0	$0	$0
SHEILA CANBY VOSS	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL COLE	TRUSTEE	1.00	Director	$0	$0	$0
THOM SHUMOSIC	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER FULTON	TRUSTEE	1.00	Director	$0	$0	$0
ALYSSA S O'CONNELL	TRUSTEE	1.00	Director	$0	$0	$0
BARBARA GOETZ	TRUSTEE	1.00	Director	$0	$0	$0
OTIS ROBERTSON	TRUSTEE	1.00	Director	$0	$0	$0
DENISE DAVIS	CHIEF FINANCIAL OFFICER	24.00	Officer	$82,046	$4,132	$86,178
MOLLY GIORDANO	EXECUTIVE DIRECTOR	40.00	Officer	$179,284	$21,911	$201,195

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	No data	No data	No data	No data
2024	$6,326,095	$6,160,440	$54,094,741	$165,655
2023	$5,124,381	$6,318,169	$49,998,554	$-1,193,788
2022	$-67,904	$5,594,461	$48,275,110	$-5,662,365
2021	$5,141,343	$5,356,084	$55,509,505	$-214,741
2020	$2,971,467	$5,040,635	$53,188,262	$-2,069,168
2019	$8,337,090	$5,801,647	$51,155,326	$2,535,443
2018	$6,183,142	$5,946,862	$45,322,895	$236,280