Creative Works (EIN 010280723) - Form 990 Financial Analysis & Trantor Score

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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

1967

Legal Domicile

Principal Officer

Matthew Hickey

Phone

2078791140

Tax Period

2024-07-01 to 2025-06-30

Creative Works, founded in 1967, is a mid-sized nonprofit in the Employment sector that reported $33.1M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.3M, a strong 19% operating margin.

Mission

Creative Works strives to develop innovative, impactful, entrepreneurial programming that is delivered by committed and compassionate staff to the extraordinary people we serve.

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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 $4,157,511

Program Service Revenue $26,615,621

Investment Income $1,926,315

Other Revenue $354,475

TOTAL REVENUE $33,053,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,496,579

Fundraising Expenses $0

Program Expenses $23,959,707

Other Expenses $9,216,165

TOTAL EXPENSES $26,712,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,053,922	$27,043,795	+0.2%
Expenses	$26,712,744	$26,469,326	+0.0%
Net Income	$6,341,178	$574,469	+10.0%

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

451

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

$506,456

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carolyn Faulkner	President	1.00	Officer Director	$0	$0	$0
Denise Dix	Secretary	1.00	Officer Director	$0	$0	$0
Wayne Messer	Vice President	1.00	Officer Director	$0	$0	$0
Paul Driscoll	Treasurer	1.00	Officer Director	$0	$0	$0
Jim Harrison	Director	1.00	Director	$0	$0	$0
Samuel Marcisso	Director	1.00	Director	$0	$0	$0
Matthew Witten	Director	1.00	Director	$0	$0	$0
Matthew Hickey	CEO	45.00	Officer	$304,215	$46,695	$350,910
James Flaker	CFO	45.00	Officer	$148,414	$7,132	$155,546
Stephen Hawkes	HR Director	45.00	Highest	$134,614	$44,782	$179,396
Charlie Rowe	IT Director	45.00	Highest	$118,637	$21,138	$139,775
Jeffrey McFarren	Senior Director of Programs	45.00	Highest	$109,999	$17,982	$127,981
Christina Monagle	Senior Director of Programs	45.00	Highest	$106,124	$5,242	$111,366
Stephen Fortier	Maintenance Director	45.00	Highest	$101,838	$13,293	$115,131

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	$33,053,922	$26,712,744	$32,561,185	$6,341,178
2024	$27,043,795	$26,469,326	$26,193,990	$574,469
2023	$25,790,726	$25,219,060	$25,005,212	$571,666
2022	$27,513,938	$25,147,198	$24,080,172	$2,366,740
2021	$25,040,215	$22,897,492	$24,192,346	$2,142,723
2020	$22,399,634	$22,440,686	$24,619,707	$-41,052
2019	$20,437,944	$20,027,896	$21,371,992	$410,048
2018	$17,551,223	$17,085,695	$20,044,478	$465,528

Creative Works