NEW HAVEN, CT
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)DISTRICT ARTS AND EDUCATION INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $656K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $763K exceeded revenue, resulting in a 16% operating deficit.
DAE IS DIGITALLY FOCUSED, HUMANITY CENTRIC EDUCATIONDAE USES EDUCATION AS A VEHICLE FOR SOCIAL JUSTICE, NURTURING UNDERREPRESENTED HIGH SCHOOL STUDENTS AND YOUNG ADULTS WITH NO-COST TECH PROGRAMS AND ACCESS TO DIGITAL CAREER AND LIFE SKILLS. HEADQUARTERED IN NEW HAVEN WITH AN ADDITIONAL LOCATION AT THE SYNCHRONY SKILLS ACADEMY IN STAMFORD, OUR YOUTH PROGRAMS EMPHASIZE LEARN-BY-DOING DEVELOPMENT IN A COLLABORATIVE ENVIRONMENT, WHILE OUR ADULT PROGRAM OFFERS A FOUR-MONTH IMMERSION IN SOFTWARE ENGINEERING. BALANCING BOTH THE CONTENT AND THE CONTEXT OF LEARNING, DAE STRIVES TO DEVELOP HUMAN BEINGS WHO ARE HIGHLY TECHNOLOGY-FLUENT AND DEEPLY HUMANITY-CENTRIC.
WE CONTINUED OUR PARTNERSHIP WITH NEW HAVEN PUBLIC SCHOOLS TO OFFER SCHOOL-YEAR AND SUMMER-LONG PROGRAMS TO PROVIDE HIGH SCHOOL STUDENTS WITH EXPERIENCES THAT DEVELOP THE MINDSETS, SKILLS, AND TOOLS...
WE CONTINUED OUR PARTNERSHIP WITH NEW HAVEN PUBLIC SCHOOLS TO OFFER SCHOOL-YEAR AND SUMMER-LONG PROGRAMS TO PROVIDE HIGH SCHOOL STUDENTS WITH EXPERIENCES THAT DEVELOP THE MINDSETS, SKILLS, AND TOOLS REQUIRED TO SECURE AND SUCCEED IN ENTRY-LEVEL POSITIONS IN DIGITAL CAREERS OR HAVE A LEG UP IN THE COLLEGE ADMISSIONS PROCESS. WE ALSO CONTINUED OUR RELATIONSHIP WITH THE SYNCHRONY FOUNDATION TO COMPLETE OUR 50-STUDENT COHORT BEGUN IN SEPTEMBER 2023 FROM STAMFORD PUBLIC SCHOOLS AND ADDED AN ADDITIONAL ACCELERATED COHORT WITH 20 STUDENTS FROM NORWALK PUBLIC SCHOOLS BEGINNING IN JANUARY 2023. ADDITIONALLY, WE SOLIDIFIED OUR RELATIONSHIP WITH THE CONNECTICUT OFFICE OF WORKFORCE STRATEGY BY LAUNCHING THE FIRST OF THREE HIGH SCHOOL PROGRAM COHORTS OF NEW HAVEN COUNTY STUDENTS. THIS PROGRAM REMAINS ONGOING THROUGH THE CLOSE OF FISCAL YEAR 2025.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $656,315 | $1,252,512 | -0.5% |
| Expenses | $762,526 | $2,284,701 | -0.7% |
| Net Income | $-106,211 | $-1,032,189 | -0.9% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| STUART SIDLE | INTERIM CHAIRMAN | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| IAN AKEHURST | INTERIM SECRETARY | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| ALPESH BHATT | CEO | 40.00 |
Officer
Director
|
$0 | $0 | $0 |
| CLAIRE O'HARE | DIRECTOR | 0.25 |
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 | $656,315 | $762,526 | $1,567,717 | $-106,211 |
| 2022 | $1,252,512 | $2,284,701 | $1,139,070 | $-1,032,189 |
| 2021 | $923,895 | $1,942,650 | $2,001,545 | $-1,018,755 |
| 2020 | $743,054 | $1,310,762 | $2,206,264 | $-567,708 |
| 2019 | $1,340,499 | $1,419,871 | $2,175,960 | $-79,372 |
| 2018 | $798,942 | $601,449 | $1,258,760 | $197,493 |
Compare DISTRICT ARTS AND EDUCATION INC with other nonprofits in Connecticut and across the country.