WILMINGTON, DE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ARDENCROFT ASSOCIATION, founded in 1950, is a small nonprofit that reported $364K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $329K left a modest 10% surplus.
VILLAGE OF ARDENCROFT, POPULATION APPROXIMATELY 275.ARDENCROFT ASSOCIATION, INC., WAS ESTABLISHED IN 1950. IT IS A NONPROFIT CORPORATION, MANAGED BY THREE DIRECTORS, AND HOLDS THE LAND FOR THE THE NEWEST OF 17 ENCLAVES OF ECONOMIC RENT, THE EARLIEST OF WHICH WAS FOUNDED IN 1894. ARDENCROFT'S REVENUE STRUCTURE IS BASED ON THE SINGLE TAX PHILOSOPHY OF HENRY GEORGE (1839-1897): HOMEOWNERS OWN THEIR HOMES, AND PAY LAND RENT TO THE COMMUNITY, FROM WHICH SCHOOL AND COUNTY TAXES ON LAND AND BUILDINGS, AS WELL AS TRASH AND RECYCLING COSTS, ARE PAID BY THE ASSOCIATION. LEASES ARE FOR 99 YEARS AND ARE TRANSFERABLE AND RENEWABLE. PARKS, STREETS AND THE FOOTPATHS WHICH CRISS-CROSS THE VILLAGE, AND OTHER PUBLIC WORKS, ARE MAINTAINED BY THE VILLAGE OF ARDENCROFT, ALSO FOUNDED IN 1950.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $363,876 | $388,166 | -0.1% |
| Expenses | $328,838 | $316,552 | +0.0% |
| Net Income | $35,038 | $71,614 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMES SCHWABER | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| PATRICK TOMAN | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| WYN ACHENBAUM | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $363,876 | $328,838 | $240,737 | $35,038 |
| 2022 | $388,166 | $316,552 | $205,699 | $71,614 |
| 2021 | $362,973 | $309,441 | $134,085 | $53,532 |
| 2020 | $342,550 | $312,965 | $80,553 | $29,585 |
| 2019 | $301,004 | $310,766 | $50,968 | $-9,762 |
| 2018 | $268,835 | $285,634 | $181,129 | $-16,799 |
Compare ARDENCROFT ASSOCIATION with other nonprofits in Delaware and across the country.