DELAWARE STADIUM CORPORATION (EIN 510344018) - 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

1993

Legal Domicile

Principal Officer

JOSEPH J MCDONALD

Phone

3027775772

Tax Period

2022-01-01 to 2022-09-30

DELAWARE STADIUM CORPORATION, founded in 1993, is a small nonprofit that reported $169K in total revenue in fiscal year 2022. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $621K exceeded revenue, resulting in a 268% operating deficit.

Mission

THE STADIUM PROVIDES A PLACE FOR PUBLIC ENTERTAINMENT, SPORTING, ATHLETIC EVENTS AND RELATED ACTIVITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $162,865

Investment Income $95

Other Revenue $5,682

TOTAL REVENUE $168,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,676

Fundraising Expenses $0

Program Expenses $499,337

Other Expenses $531,448

TOTAL EXPENSES $621,124

Year-over-Year Comparison

	2022	2021	Change
Revenue	$168,642	$1,282,207	-0.9%
Expenses	$621,124	$760,089	-0.2%
Net Income	$-452,482	$522,118	-1.9%

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

$78,340

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH J MCDONALD	EXEC DIR	40.00	Officer	$78,340	$0	$78,340
ROMAIN ALEXANDER	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
MICHAEL J HARE	DIRECTOR	2.00	Director	$0	$0	$0
DEBRA HEFFERNAN	DIRECTOR	2.00	Director	$0	$0	$0
RRM CARPENTER III	DIRECTOR	2.00	Director	$0	$0	$0
WAYNE JEFFERSON	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
RUTH JONES	DIRECTOR	2.00	Director	$0	$0	$0
JOHN J CASEY JR	FACILITIES C	2.00	Officer Director	$0	$0	$0
S ELIZABETH LOCKMAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MANGLER	SECRETARY	2.00	Director	$0	$0	$0
TOM MCGONIGLE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
LENNY RICHARDSON	DIRECTOR	2.00	Director	$0	$0	$0
ALBERT SHIELDS	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN C TAYLOR	EVENTS CHAIR	2.00	Officer Director	$0	$0	$0
HARRIET SMITH WINDSOR	DIRECTOR	2.00	Director	$0	$0	$0
BILL WINTERS	DIRECTOR	2.00	Director	$0	$0	$0
JEFF YOUNG	DIRECTOR	2.00	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
2022	$168,642	$621,124	No data	$-452,482
2021	$1,282,207	$760,089	$11,877,378	$522,118
2020	$336,049	$565,500	$11,361,456	$-229,451
2019	$3,337,367	$543,665	$11,723,839	$2,793,702
2018	$944,230	$549,761	$8,850,865	$394,469

DELAWARE STADIUM CORPORATION