DELTAARTS 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

Principal Officer

MICHAEL LEJMAN PHD

Phone

8707055075

Tax Period

2024-07-01 to 2025-06-30

DELTAARTS INC is a small nonprofit that reported $339K in total revenue in fiscal year 2024. Expenses of $422K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE A COMPREHENSIVE PROGRAM OF ART AND CULTURE TO CRITTENDEN AND SURROUNDING COUNTIES, INCLUDING CHILDREN AND ADULTS, WITH PROGRAMS THAT INCLUDE VISUAL ART SHOWS, WORKSHOPS, YOUTH THEATER PRODUCTIONS, SUMMER YOUTH CONSERVATORIES AND EDUCATIONAL EVENTS.

Program Service Accomplishments

Program 1

Expenses: $377,783

TO PROVIDE A COMPREHENSIVE PROGRAM OF ART AND CULTURE TO CRITTENDEN AND SURROUNDING COUNTIES, INCLUDING CHILDREN AND ADULTS, WITH PROGRAMS THAT INCLUDE VISUAL ART SHOWS, WORKSHOPS, YOUTH THEATER...

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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 (2024)

Revenue Breakdown

Contributions & Grants $304,774

Program Service Revenue $0

Investment Income $6,539

Other Revenue $27,188

TOTAL REVENUE $338,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $263,480

Fundraising Expenses $2,704

Program Expenses $377,783

Other Expenses $149,283

TOTAL EXPENSES $421,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,501	$341,706	0.0%
Expenses	$421,913	$423,861	0.0%
Net Income	$-83,412	$-82,155	+0.0%

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

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
PATTY CLARK	DIRECTOR	N/A	Director	$0	$0	$0
MARY MARCONI	DIRECTOR	N/A	Director	$0	$0	$0
MARTY MILLIGAN	DIRECTOR	N/A	Director	$0	$0	$0
ASHLEY POSTELL	DIRECTOR	N/A	Director	$0	$0	$0
KENNEDI RIDGELL	DIRECTOR	N/A	Director	$0	$0	$0
PATRICIA ROBERTS	DIRECTOR	N/A	Director	$0	$0	$0
AUGUST ROSE	DIRECTOR	N/A	Director	$0	$0	$0
JANE RUSSELL	DIRECTOR	N/A	Director	$0	$0	$0
CHRISSY CARLSON	SECRETARY	N/A	Officer	$0	$0	$0
MICHAEL LEJMAN PHD	PRESIDENT	N/A	Officer	$0	$0	$0
KELLY POUNCEY	TREASURER	N/A	Officer	$0	$0	$0
TAWANNA SMITH	VICE PRESIDE	N/A	Officer	$0	$0	$0
KERRY SULLIVAN	EXECUTIVE DI	N/A	Officer	$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
2025	$338,501	$421,913	$554,609	$-83,412
2023	$208,753	$280,830	$1,144,960	$-72,077
2022	$274,125	$373,557	$1,223,880	$-99,432
2021	$264,852	$395,646	$1,398,907	$-130,794
2020	$240,693	$414,113	$1,474,592	$-173,420
2019	$443,188	$494,009	$1,632,534	$-50,821
2018	$586,809	$351,714	$1,681,552	$235,095