WILMINGTON, DE
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DELAWARE COLLEGE OF ART AND DESIGN, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $108K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $621K exceeded revenue, resulting in a 475% operating deficit.
PRIOR TO ITS CLOSURE DCAD PROVIDED STUDENTS WITH THOROUGH PREPARATION IN ART AND DESIGN THROUGH ITS PROFESSIONAL ASSOCIATE DEGREE PROGRAMS. THE COLLEGE ALSO SERVEED WILMINGTON'S EDUCATIONAL AND CULTURAL LIFE THROUGH ITS CONTINUING EDUCATION PROGRAMS AND COMMUNITY-BASED ACTIVITIES.
DURING APRIL 2024, DCAD'S BOARD OF DIRECTORS VOTED TO PERMANENTLY CLOSE THE SCHOOL AT THE END OF THE 2024 SPRING SEMESTER. PRIOR TO ITS CLOSURE DCAD OFFERED ASSOCIATE DEGREES IN ANIMATION, FINE ART...
DURING APRIL 2024, DCAD'S BOARD OF DIRECTORS VOTED TO PERMANENTLY CLOSE THE SCHOOL AT THE END OF THE 2024 SPRING SEMESTER. PRIOR TO ITS CLOSURE DCAD OFFERED ASSOCIATE DEGREES IN ANIMATION, FINE ART, GAME ART, GRAPHIC DESIGN, ILLUSTRATION, AND PHOTOGRAPHY/VIDEO, ALONG WITH PROGRAMS IN CONTINUING EDUCATION.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $107,952 | $4,870,478 | -1.0% |
| Expenses | $620,680 | $7,607,062 | -0.9% |
| Net Income | $-512,728 | $-2,736,584 | -0.8% |
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 |
|---|---|---|---|---|---|---|
| THOMAS J SHOPA | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| JUSTIN D POSER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH STROCK | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOY A BARRIST | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSEPH G CHARMA | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOSEPH NICHOLAS III | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| ANN DUFFIELD | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN C HAWKINS | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| JEAN DAHLGREN | PRESIDENT | 40.00 |
Officer
|
$168,920 | $4,916 | $173,836 |
| RICHARD SAVONA | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$66,787 | $4,782 | $71,569 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $107,952 | $620,680 | $14,991 | $-512,728 |
| 2024 | $4,870,478 | $7,607,062 | $5,695,247 | $-2,736,584 |
| 2023 | $4,307,722 | $6,449,792 | $10,878,409 | $-2,142,070 |
| 2022 | $5,911,308 | $5,483,435 | $12,316,957 | $427,873 |
| 2021 | $5,103,900 | $4,805,526 | $12,063,919 | $298,374 |
| 2020 | $5,377,114 | $5,599,236 | $13,961,000 | $-222,122 |
| 2019 | $4,057,891 | $5,501,242 | $13,664,926 | $-1,443,351 |
| 2018 | $5,463,152 | $6,444,031 | $15,242,366 | $-980,879 |
Compare DELAWARE COLLEGE OF ART AND DESIGN with other nonprofits in Delaware and across the country.