DELAWARE THEATRE COMPANY (EIN 510229918) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

LOURDES PUIG

Phone

3025941104

Tax Period

2024-07-01 to 2025-06-30

DELAWARE THEATRE COMPANY, founded in 1979, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO CREATE THEATRE OF THE HIGHEST PROFESSIONAL QUALITY IN DELAWARE AND THEREBY ENRICH THE VITALITY OF THE AREA THROUGH ARTISTIC PROGRAMMING, EDUCATION, AND COMMUNITY SERVICE.

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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 $811,195

Program Service Revenue $2,305,867

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,117,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,754,025

Fundraising Expenses $208,000

Program Expenses $2,719,704

Other Expenses $1,736,076

TOTAL EXPENSES $3,490,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,117,062	$2,686,093	+0.2%
Expenses	$3,490,101	$2,559,881	+0.4%
Net Income	$-373,039	$126,212	-4.0%

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

Governance

Voting Members

Independent Members

Employees

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

$128,896

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOURDES PUIG	CHAIR	1.00	Officer Director	$0	$0	$0
SARAH SCHENCK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALLISON GERHART	SECRETARY	1.00	Officer Director	$0	$0	$0
LAUREN ASHER	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE STAMAN	TREASURER	1.00	Officer Director	$0	$0	$0
VICKIE FORSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA JORDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
CARRIE W GRAY DBA	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN JESSUP	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY BOWLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DOROTHY DEH LOVVETT	BOARD MEMBER	1.00	Director	$0	$0	$0
TRACI MANZA MURPHY	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN SNODGRASS	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW SILVA THRU 31625	EXECUTIVE & ARTISTIC DIRECTOR	40.00	Officer	$122,500	$6,396	$128,896
MIMI WARNICK EFF 31725	ARTISTIC DIRECTOR	40.00	Officer	$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	$3,117,062	$3,490,101	$2,969,076	$-373,039
2024	$2,686,093	$2,559,881	$3,109,298	$126,212
2023	$2,327,994	$2,840,008	$3,706,818	$-512,014
2022	$5,789,502	$5,097,041	$3,546,405	$692,461
2021	$1,531,137	$1,051,293	$3,351,675	$479,844
2020	$2,151,138	$2,153,709	$3,017,237	$-2,571
2019	$2,983,426	$3,271,302	$2,924,357	$-287,876
2018	$3,124,316	$3,102,449	$3,146,517	$21,867

DELAWARE THEATRE COMPANY