DETV FOUNDATION INC

EIN: 832624526 501(c)(3)

WILMINGTON, DE

Total Revenue
$411,982
Total Expenses
$880,300
Total Assets
$282,009
Net Assets
$256,934
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Tax Period
2023-01-01 to 2023-12-31

DETV FOUNDATION INC, founded in 2020, is a small nonprofit that reported $412K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $880K exceeded revenue, resulting in a 114% operating deficit.

Mission

TO PROVIDE PUBLIC ACCESS LOCAL TELEVISED AND DIGITAL PLATFORM FOR THE METRO WILMINGTON RESIDENTS TO SHARE THEIR VOICES AND CREATIVITY AND USE THE POWER OF MEDIA FOR ARTISTIC EXPRESSION ON A PUBLIC FORMAT

🔒

Trantor Score

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)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $133,676
Program Service Revenue $278,306
Investment Income $0
Other Revenue $0
TOTAL REVENUE $411,982

Expense Breakdown

Grants Paid $0
Salaries & Benefits $90,762
Fundraising Expenses $4,850
Program Expenses $701,193
Other Expenses $784,688
TOTAL EXPENSES $880,300

Year-over-Year Comparison

2023 2022 Change
Revenue $411,982 $1,374,904 -0.7%
Expenses $880,300 $1,013,580 -0.1%
Net Income $-468,318 $361,324 -2.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Governance

Voting Members
3
Independent Members
3
Employees
7
Volunteers
10

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
3
$0
Total Directors
0
$0
Key Employees
1
$81,053
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IVAN THOMAS EXECUTIVE DIRECTOR 40.00
Key Emp
$81,053 $0 $81,053
MAC MACLEOD OFFICER 1.00
Officer
$0 $0 $0
KERWIN GAINES PRESIDENT 1.00
Officer
$0 $0 $0
BRIAN MCGLINCHEY VICE PRESIDENT 1.00
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
2023 $411,982 $880,300 $282,009 $-468,318
2022 $1,374,904 $1,013,580 $725,252 $361,324
2021 $1,240,637 $869,279 $363,260 $371,358
Explore More Nonprofits
→Top 100 Nonprofits in Delaware →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare DETV FOUNDATION INC with other nonprofits in Delaware and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.