CREATIVE ARTS WORKSHOP INC (EIN 066067336) - 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

1964

Legal Domicile

Principal Officer

JOY FORD

Phone

2035625927

Tax Period

2022-07-01 to 2023-06-30

CREATIVE ARTS WORKSHOP INC, founded in 1964, is a small nonprofit in the Arts, Culture & Humanities sector that reported $672K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $956K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PROVIDE SKILLS AND EDUCATION FOR PROFESSIONAL AND AMATEUR ARTISTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $243,220

Program Service Revenue $356,622

Investment Income $11,617

Other Revenue $60,578

TOTAL REVENUE $672,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $503,411

Fundraising Expenses $132,983

Program Expenses $606,421

Other Expenses $452,194

TOTAL EXPENSES $955,605

Year-over-Year Comparison

	2022	2021	Change
Revenue	$672,037	$607,944	+0.1%
Expenses	$955,605	$729,216	+0.3%
Net Income	$-283,568	$-121,272	+1.3%

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

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
SEAN O'CONNELL	PRESIDENT	0.50	Officer Director	$0	$0	$0
CLAUDETTE ROBINSON-THORPE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CLARENCE ASHE	TREASURER	0.50	Officer Director	$0	$0	$0
ANTHONY LONEY	DIRECTOR	0.50	Director	$0	$0	$0
CATHY DEMEO	SECRETARY	0.50	Officer Director	$0	$0	$0
JEFFREY MORENO	DIRECTOR	0.50	Director	$0	$0	$0
JASON SOBOCINSKI	DIRECTOR	0.50	Director	$0	$0	$0
DEREK WEBSTER	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$672,037	$955,605	$848,626	$-283,568
2022	$607,944	$729,216	$1,126,281	$-121,272
2021	$535,525	$496,267	$1,171,147	$39,258
2020	$788,959	$783,831	$983,978	$5,128
2019	$955,858	$840,595	$900,265	$115,263

CREATIVE ARTS WORKSHOP INC