PRESERVATION DELAWARE 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

1993

Legal Domicile

Principal Officer

MICHAEL MCGRATH

Phone

3023227100

Tax Period

2017-07-01 to 2018-06-30

PRESERVATION DELAWARE INC, founded in 1993, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $72K in total revenue in fiscal year 2017. Revenue decreased 12% compared to the prior year. Expenses of $90K exceeded revenue, resulting in a 25% operating deficit.

Mission

PRESERVATION DELAWARE, INC. IS THE STATEWIDE NONPROFIT ORGANIZATION DEDICATED TO THE PRESERVATION OF DELAWARE'S ARCHITECTUAL HERITAGE AND HISTORIC SETTINGS.

Program Service Accomplishments

Program 1

Expenses: $79,511 Revenue: $0

HISTORIC PRESERVATION EFFORTS THROUGH EASEMENT PROGRAMS AND REAL ESTATE PROJECTS TO PROTECT AND PRESERVE ENDANGERED HISTORIC RESOURCES.

Program 2

EDUCATION AND OUTREACH PROGRAMS DESIGNED TO RAISE CONSCIOUSNESS AND DEVELOP A BROAD BASE OF SUPPORT FOR HISTORIC PRESERVATION.

Program 3

ADVOCACY EFFORTS AND PUBLIC POLICY INITIATIVES UNDERTAKEN TO BUILD SUPPORT FOR INCENTIVES AND POLICY CHANGES THAT WILL FOSTER THE CONCEPT THAT PRESERVATION IS AN ESSENTIAL ELEMENT IN ECONOMIC...

ADVOCACY EFFORTS AND PUBLIC POLICY INITIATIVES UNDERTAKEN TO BUILD SUPPORT FOR INCENTIVES AND POLICY CHANGES THAT WILL FOSTER THE CONCEPT THAT PRESERVATION IS AN ESSENTIAL ELEMENT IN ECONOMIC DEVELOPMENT AND COMMUNITY REVITALIZATION EFFORTS.

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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 (2017)

Revenue Breakdown

Contributions & Grants $15,546

Program Service Revenue $0

Investment Income $54,540

Other Revenue $2,357

TOTAL REVENUE $72,443

Expense Breakdown

Grants Paid $4,289

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,800

Other Expenses $85,999

TOTAL EXPENSES $90,288

Year-over-Year Comparison

	2017	2016	Change
Revenue	$72,443	$81,950	-0.1%
Expenses	$90,288	$83,230	+0.1%
Net Income	$-17,845	$-1,280	+12.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCGRATH	PRESIDENT	10.00	Officer Director	$0	$0	$0
DEE DURHAM	VICE PRESIDENT (NEW CASTLE COUNTY)	10.00	Officer Director	$0	$0	$0
BARBARA WARNELL	VICE PRESIDENT (SUSSEX COUNTY)	10.00	Officer Director	$0	$0	$0
JAMES WOLFE	VICE PRESIDENT (KENT COUNTY)	10.00	Officer Director	$0	$0	$0
DAVID CULLMAN	TREASURER	10.00	Officer Director	$0	$0	$0
ROBIN KRAWITZ	SECRETARY	10.00	Officer Director	$0	$0	$0
JULES BRUCK	TRUSTEE	4.00	Director	$0	$0	$0
TYLER CAPANNA	TRUSTEE	4.00	Director	$0	$0	$0
DENNIS COKER	TRUSTEE	4.00	Director	$0	$0	$0
WADE CATTS	TRUSTEE	4.00	Director	$0	$0	$0
JAY N COOPERSON	TRUSTEE	4.00	Director	$0	$0	$0
MICHAEL DIPAOLO	TRUSTEE	4.00	Director	$0	$0	$0
MICHAEL J EMMONS JR	TRUSTEE	4.00	Director	$0	$0	$0
MICHAEL FALSTAD	TRUSTEE	4.00	Director	$0	$0	$0
MITCHELL GLASS MD	TRUSTEE	4.00	Director	$0	$0	$0
LEILA HAMROUN	TRUSTEE	4.00	Director	$0	$0	$0
ERIC HOOVER	TRUSTEE	4.00	Director	$0	$0	$0
BRYAN HUDSON	TRUSTEE	4.00	Director	$0	$0	$0
TERRI LOTTMAN	TRUSTEE	4.00	Director	$0	$0	$0
ERIC LOVELESS SR	TRUSTEE	4.00	Director	$0	$0	$0
JOHN MATEYKO	TRUSTEE	4.00	Director	$0	$0	$0
ABDULLAH R MUHAMMAD PHD	TRUSTEE	4.00	Director	$0	$0	$0
MARY ELLEN WILSON	TRUSTEE	4.00	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
2018	$72,443	$90,288	$1,530,209	$-17,845