THE EVERETT 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

1982

Legal Domicile

Principal Officer

TINA JOHNSON

Phone

3023787038

Tax Period

2024-01-01 to 2024-12-31

THE EVERETT INC, founded in 1982, is a small nonprofit in the Recreation & Sports sector that reported $637K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $559K left a modest 12% surplus.

Mission

TO PROVIDE ARTS, CRAFTS, AND THEATRE TO THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $514,365

TO FOSTER AND DEVELOP THE ARTS IN THE GEOGRAPHIC AREA OF MIDDLETOWN, DELAWARE ENCOMPASSING THE COMMUNITY'S CULTURALLY DIVERSE RESOURCES AND TO PRESERVE THE HISTORIC NATURE OF THE EVERETT THEATRE.

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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 $175,840

Program Service Revenue $370,190

Investment Income $6,979

Other Revenue $83,805

TOTAL REVENUE $636,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,931

Fundraising Expenses $12,313

Program Expenses $514,365

Other Expenses $502,163

TOTAL EXPENSES $559,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$636,814	$759,299	-0.2%
Expenses	$559,094	$556,079	+0.0%
Net Income	$77,720	$203,220	-0.6%

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

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

$2,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKIE BAIN	DIRECTOR	6.60	Director	$2,550	$0	$2,550
MICHAEL BARBATO	DIRECTOR	3.50	Director	$0	$0	$0
LOU BOOKER	DIRECTOR	6.10	Director	$0	$0	$0
KIM COURT	PRESIDENT	9.00	Officer Director	$0	$0	$0
HEDLEY DAVIS	DIRECTOR	5.60	Director	$0	$0	$0
RICHARD SHARK FORSTEN	VICE PRESIDE	1.20	Officer Director	$0	$0	$0
ELLIOTT HENRY	DIRECTOR	5.40	Director	$0	$0	$0
PETER HOOPES	DIRECTOR	2.70	Director	$0	$0	$0
TINA JOHNSON	TREASURER	10.50	Officer Director	$0	$0	$0
MEGHAN SAVAGE	SECRETARY	5.00	Officer Director	$0	$0	$0
MARLA SCHECHTER	DIRECTOR	2.60	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	$636,814	$559,094	$2,250,941	$77,720
2023	$759,299	$556,079	$2,143,767	$203,220
2022	$601,000	$517,650	$2,083,695	$83,350
2021	$815,037	$346,021	$2,068,575	$469,016
2020	$238,837	$325,311	$1,602,505	$-86,474
2019	$470,078	$508,601	$1,697,045	$-38,523
2018	$600,516	$399,336	$1,746,402	$201,180