CREATIVE TIME INC (EIN 132835847) - 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

1972

Legal Domicile

Principal Officer

JON NEIDICH

Phone

2122066674

Tax Period

2024-01-01 to 2024-12-31

CREATIVE TIME INC, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 46% operating deficit.

Mission

CREATIVE TIME COMMISSIONS, PRODUCES AND PRESENTS TEMPORARY PUBLIC ARTS PROJECTS.

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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 $2,261,438

Program Service Revenue $0

Investment Income $64,247

Other Revenue $-349,638

TOTAL REVENUE $1,976,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,270,634

Fundraising Expenses $388,784

Program Expenses $2,077,702

Other Expenses $1,613,318

TOTAL EXPENSES $2,883,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,976,047	$3,916,169	-0.5%
Expenses	$2,883,952	$3,081,430	-0.1%
Net Income	$-907,905	$834,739	-2.1%

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

$255,847

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON NEIDICH	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
ERIC RICHTER	TREASURER	4.00	Officer Director	$0	$0	$0
FRANCESCA CAMPBELL	BOARD MEMBER	4.00	Director	$0	$0	$0
PHILIP AARONS	FORMER BOARD MEMBER	3.00	Director	$0	$0	$0
WARIS AHLUWALIA	BOARD MEMBER	3.00	Director	$0	$0	$0
TAJA CHEEK	BOARD MEMBER	3.00	Director	$0	$0	$0
SUZANNE COCHRAN	BOARD MEMBER	3.00	Director	$0	$0	$0
SOFIA HERNANDEZ CHONG CUY	BOARD MEMBER	3.00	Director	$0	$0	$0
MARIE DOUGLAS	BOARD MEMBER	3.00	Director	$0	$0	$0
DANA FAROUKI	BOARD MEMBER	3.00	Director	$0	$0	$0
CRISTINA GRAJALES	BOARD MEMBER	3.00	Director	$0	$0	$0
PABLO HELGUERA	BOARD MEMBER	3.00	Director	$0	$0	$0
STEPHANIE INGRASSIA	FORMER BOARD MEMBER	3.00	Director	$0	$0	$0
STEPHEN KRAMARSKY	BOARD MEMBER	3.00	Director	$0	$0	$0
SARAH LEWIS	BOARD MEMBER	3.00	Director	$0	$0	$0
PATRICK LI	BOARD MEMBER	3.00	Director	$0	$0	$0
VIK MUNIZ	BOARD MEMBER	3.00	Director	$0	$0	$0
SHIRIN NESHAT	BOARD MEMBER	3.00	Director	$0	$0	$0
TREVOR PAGLEN	BOARD MEMBER	3.00	Director	$0	$0	$0
BETTINA PRENTICE	BOARD MEMBER	3.00	Director	$0	$0	$0
CAROLYN RAMO	BOARD MEMBER	3.00	Director	$0	$0	$0
PEDRO REYES	BOARD MEMBER	3.00	Director	$0	$0	$0
RENEE ROCKEFELLER	BOARD MEMBER	3.00	Director	$0	$0	$0
JED WALENTAS	BOARD MEMBER	3.00	Director	$0	$0	$0
MARGARET WANG	BOARD MEMBER	3.00	Director	$0	$0	$0
ANNA-MARIE WASCHER	BOARD MEMBER	3.00	Director	$0	$0	$0
WILLIAM RICHMOND WATSON	BOARD MEMBER	3.00	Director	$0	$0	$0
AMANDA WEIL	BOARD MEMBER	3.00	Director	$0	$0	$0
LILY JOHNSON WHITE	BOARD MEMBER	3.00	Director	$0	$0	$0
KATE YOUNG	BOARD MEMBER	3.00	Director	$0	$0	$0
JUSTINE LUDWIG	EXECUTIVE DIRECTOR	40.00	Officer	$243,215	$12,632	$255,847
AMBER SASSE	HEAD OF DEVELOPMENT	40.00	Highest	$105,000	$10,174	$115,174

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
2024	$1,976,047	$2,883,952	$3,362,836	$-907,905
2023	$3,916,169	$3,081,430	$4,373,702	$834,739
2022	$6,772,610	$5,081,194	$3,995,835	$1,691,416
2021	$3,167,795	$2,923,233	$1,836,425	$244,562
2020	$1,864,679	$1,659,975	$1,552,112	$204,704
2019	$1,670,516	$1,934,056	$1,301,626	$-263,540
2018	$1,965,710	$2,360,131	$1,571,753	$-394,421

CREATIVE TIME INC