CREATIVE MINDS NYC INC (EIN 020720786) - 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

2004

Legal Domicile

Principal Officer

CHARLES RUSSO

Phone

3478786798

Tax Period

2024-07-01 to 2025-06-30

CREATIVE MINDS NYC INC, founded in 2004, is a small nonprofit in the Arts, Culture & Humanities sector that reported $999K in total revenue in fiscal year 2024.

Mission

CREATIVE MINDS NYC, INC., DOING BUSINESS AS STORY PIRATES CHANGEMAKERS, CELEBRATES THE WORDS, IDEAS, AND STORIES OF YOUNG PEOPLE BY ENGAGING IN CREATIVE COLLABORATIONS BETWEEN KIDS AND WORLD-CLASS ARTISTS, INCLUDING TOP COMEDIANS, AUTHORS, AND MUSICIANS TO ADDRESS THE DISPARITY OF EDUCATION FOR UNDERSERVED STUDENTS AND SCHOOLS. TO DO THIS WE COLLECT STORIES WRITTEN BY KIDS, THEN ADAPT THEM INTO SKETCH COMEDY AND MUSICAL PERFORMANCES. WE ALSO TEACH AND INSPIRE CREATIVE WRITING THROUGH HIGH-QUALITY LITERACY PROGRAMS FOR UNDERSERVED KIDS AND SCHOOLS.

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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 $946,092

Program Service Revenue $47,500

Investment Income $0

Other Revenue $5,000

TOTAL REVENUE $998,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $658,577

Fundraising Expenses $29,498

Program Expenses $902,750

Other Expenses $398,855

TOTAL EXPENSES $1,057,432

Year-over-Year Comparison

	2024	2023	Change
Revenue	$998,592	$994,687	+0.0%
Expenses	$1,057,432	$972,895	+0.1%
Net Income	$-58,840	$21,792	-3.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES RUSSO	CHAIRMAN & PRESIDENT	20.00	Officer Director	$0	$0	$0
ALLEN HUBBY	TREASURER (ROTATED OFF 6/25)	10.00	Officer Director	$0	$0	$0
SAM FORMAN	SECRETARY & TREASURER	10.00	Officer Director	$0	$0	$0
ADRIENNE BECKER	MEMBER	10.00	Director	$0	$0	$0
JONATHAN GLICKMAN	MEMBER	10.00	Director	$0	$0	$0
LAURA HEYWOOD	MEMBER	15.00	Director	$0	$0	$0
ERIC CIPRA	MEMBER	10.00	Director	$0	$0	$0
KHALIA DAVIS	MEMBER	10.00	Director	$0	$0	$0
NICOLE BRODEUR	MEMBER	10.00	Director	$0	$0	$0
KATHERINE ESPINOSA	MEMBER	10.00	Director	$0	$0	$0
THOMAS KAIL	MEMBER	10.00	Director	$0	$0	$0
TRACEY PAKOSTA	MEMBER	10.00	Director	$0	$0	$0
LAUREN SKOWRONSKI	MEMBER	10.00	Director	$0	$0	$0
MIKEL DAVIS	MEMBER	10.00	Director	$0	$0	$0
KATE HOENIGSBERG	MEMBER	10.00	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	$998,592	$1,057,432	$654,839	$-58,840
2024	$994,687	$972,895	$713,687	$21,792
2023	$925,245	$943,823	$678,480	$-18,578
2022	$953,565	$742,051	$688,741	$211,514
2021	$709,227	$654,671	$484,831	$54,556
2020	$515,511	$584,434	$341,776	$-68,923
2019	$655,860	$504,217	$331,430	$151,643

CREATIVE MINDS NYC INC