DELAWARE COLLEGE OF ART AND DESIGN

EIN: 522027415 501(c)(3) Arts, Culture & Humanities

WILMINGTON, DE

Total Revenue
$107,952
Total Expenses
$620,680
Total Assets
$14,991
Net Assets
N/A
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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
1996
Legal Domicile
DE
Principal Officer
JEAN DAHLGREN
Phone
5182816893
Tax Period
2024-07-01 to 2025-06-30

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.

Mission

DCAD PROVIDES STUDENTS WITH THOROUGH PREPARATION IN ART AND DESIGN THROUGH ITS PROFESSIONAL ASSOCIATE DEGREE PROGRAMS. THE COLLEGE ALSO SERVES WILMINGTON'S EDUCATIONAL AND CULTURAL LIFE THROUGH ITS CONTINUING EDUCATION PROGRAMS AND COMMUNITY-BASED 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $66,224
Other Revenue $41,728
TOTAL REVENUE $107,952

Expense Breakdown

Grants Paid $436,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $436,000
Other Expenses $184,680
TOTAL EXPENSES $620,680

Year-over-Year Comparison

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%
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

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Governance

Voting Members
8
Independent Members
8
Employees
53
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
6
$245,405
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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
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