DELAWARE DANCE COMPANY

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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

Phone

3027382023

Tax Period

2024-09-01 to 2025-08-31

DELAWARE DANCE COMPANY, founded in 1982, is a small nonprofit in the Arts, Culture & Humanities sector that reported $557K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

Mission: To advance the knowledge and appreciation of dance in the community and region through instruction, performances, and outreach programs: to provide the highest quality educational opportunities possible in all aspects of dance to anyone desiring such education: to be viewed as a community and regional leader in preparing students for a professional career in dance. Having the opportunity to view, converse and associate with professional company members, choreographers and directors provides students a chance to develop unique relationships and a deeper level of understanding and appreciation for the art of dance.

Program Service Accomplishments

Program 1

Expenses: $331,322 Revenue: $254,103

Dance Instruction: At Delaware Dance Company, we strive to provide our students with the highest quality dance education possible. Our goal is to instill qualities that will carry students throughout their entire lives, whether they choose a career in dance or another field. We provide year-round programs for approximately 300 students of all ages.

Program 2

Expenses: $20,016 Revenue: $45,913

Summer Camps, Classes, and Intensive Workshops: Delaware Dance Company holds "mini-camps" during the summer months for area children interested in dance and theater. Performances are held at a...

Summer Camps, Classes, and Intensive Workshops: Delaware Dance Company holds "mini-camps" during the summer months for area children interested in dance and theater. Performances are held at a university performance hall. Summer classes are also held for dancers who wish to retain their skills. In addition, intensive workshops are offered to accomplished dancers to further their knowledge of dance.

Program 3

Expenses: $121,486 Revenue: $123,676

Performances: Delaware Dance Company annually performs "The Nutcracker" as well as end-of-year student concerts. In addition, our Performing Company holds a Spring Performance every other year. The...

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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 $108,606

Program Service Revenue $423,693

Investment Income $342

Other Revenue $24,468

TOTAL REVENUE $557,109

Expense Breakdown

Grants Paid $13,591

Salaries & Benefits $225,172

Fundraising Expenses $0

Program Expenses $472,824

Other Expenses $342,720

TOTAL EXPENSES $581,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$557,109	$592,247	-0.1%
Expenses	$581,483	$639,271	-0.1%
Net Income	$-24,374	$-47,024	-0.5%

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

Key Employees

$27,300

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sunshine Webster-Latshaw	Artistic Director	40	Highest	$57,867	$0	$57,867
Tammi Wahlig	Business Manager	40	Key Emp	$27,300	$0	$27,300
Lynn Govatos	Secretary	3	Director	$0	$0	$0
Shannon Slutman	President	3	Director	$0	$0	$0
Kelly Heaton	Vice-President	3	Director	$0	$0	$0
Aimee Jaramillo-Lambert	Treasurer	3	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
2025	$557,109	$581,483	$591,274	$-24,374
2024	$592,247	$639,271	$710,132	$-47,024
2023	$528,970	$543,505	$851,940	$-14,535
2022	$493,750	$507,430	$195,262	$-13,680
2021	$601,714	$448,920	$189,285	$152,794
2020	$524,696	$499,545	$77,085	$25,151
2019	$549,793	$532,449	$49,327	$17,344
2018	$539,503	$535,410	$53,974	$4,093