DELAWARE ACADEMY OF VOCAL ARTS INC

EIN: 931339458 501(c)(3) Arts, Culture & Humanities

Wilmington, DE

Total Revenue
$738,333
Total Expenses
$755,372
Total Assets
$74,977
Net Assets
$-26,717
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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
2023
Legal Domicile
DE
Phone
3022120314
Tax Period
2024-08-01 to 2025-07-31

DELAWARE ACADEMY OF VOCAL ARTS INC, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $738K in total revenue in fiscal year 2024.

Mission

ALL PROFESSIONAL PERFORMING ENSAMBLE

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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 $601,052
Program Service Revenue $115,737
Investment Income $0
Other Revenue $21,544
TOTAL REVENUE $738,333

Expense Breakdown

Grants Paid $0
Salaries & Benefits $312,914
Fundraising Expenses $22,281
Program Expenses $633,430
Other Expenses $442,458
TOTAL EXPENSES $755,372

Year-over-Year Comparison

2024 2023 Change
Revenue $738,333 $756,056 0.0%
Expenses $755,372 $741,666 +0.0%
Net Income $-17,039 $14,390 -2.2%
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
5
Independent Members
4
Employees
N/A
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
1
$97,375
Total Directors
4
$0
Key Employees
1
$86,100
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARREON HARLEY-EMERSON CEO & ARTISTIC DIRECTOR 40.00
Officer
$97,375 $0 $97,375
RACHEL CLARK EXECUTIVE DIRECTOR 40.00
Key Emp
$86,100 $0 $86,100
RAYE JONES AVERY PRESIDENT 2.00
Director
$0 $0 $0
BLACK SMITH TREASURER 2.00
Director
$0 $0 $0
LYNETTE OVERBY SECRETARY 2.00
Director
$0 $0 $0
SHERRI STEVENS MEMBER AT LARGE 2.00
Director
$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 $738,333 $755,372 $74,977 $-17,039
2024 $756,056 $741,666 $415,401 $14,390
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