CREATIVE LIVING INC

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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

1969

Legal Domicile

Principal Officer

MICHAEL LIGHTBODY

Phone

6144211226

Tax Period

2023-10-01 to 2024-09-30

CREATIVE LIVING INC, founded in 1969, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $172K, a strong 17% operating margin.

Mission

CREATIVE LIVING IS A NONPROFIT ORGANIZATION ENCOURAGING INDEPENDENT LIVING FOR ADULTS WITH SEVERE PHYSICAL DISABILITIES BY PROVIDING WHEELCHAIR ACCESSIBLE HOUSING AND ASSISTANCE AND BY CREATING A SUPPORTIVE ENVIRONMENT FOR PEOPLE TO LEARN, WORK, LIVE AND CONTRIBUTE TO THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $268,363 Revenue: $91,792

APARTMENT RENTAL FOR PERSONS WITH PHYSICAL DISABILITIES.

Program 2

Expenses: $213,268 Revenue: $43,958

RESIDENT ASSISTANT PROGRAM 20 TO 25 RESIDENT ASSISTANTS PROVIDE "ASSISTED" INDEPENDENT LIVING SERVICES TO PHYSICALLY DISABLED PERSONS RESIDING IN OUR SPECIALLY BUILT FACILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $510,931

Program Service Revenue $133,835

Investment Income $343,350

Other Revenue $17,918

TOTAL REVENUE $1,006,034

Expense Breakdown

Grants Paid $180,000

Salaries & Benefits $206,790

Fundraising Expenses $64,554

Program Expenses $481,631

Other Expenses $447,196

TOTAL EXPENSES $833,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,006,034	$1,150,019	-0.1%
Expenses	$833,986	$704,745	+0.2%
Net Income	$172,048	$445,274	-0.6%

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

$173,156

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LIGHTBODY	EXECUTIVE DIRECTOR (STARTED 1.1.24)	20.00	Officer	$9,423	$68	$18,914
ROBERT OVERS	EXECUTIVE DIRECTOR (RETIRED 1.1.24)	20.00	Officer	$70,270	$13,702	$154,242
JAMES MARTIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
KIMBERLEE MANLEY	TREASURER (RETIRED)	1.00	Officer Director	$0	$0	$0
BRIAN MCNALLY	VP FACILITIES	1.00	Officer Director	$0	$0	$0
GREGORY MERANTE	VP DEVELOPMENT	1.00	Officer Director	$0	$0	$0
EMILY WILLIAMS	VP RESIDENT RELATIONS	1.00	Officer Director	$0	$0	$0
CHRISTOPHER WAGER	VP TRUSTEE DEV.	1.00	Officer Director	$0	$0	$0
DAVID BERENTZ	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DR TIMOTHY HAKE	MEDICAL ADVISOR (STARTED 2024)	1.00	Officer Director	$0	$0	$0
MIRA KIPKER	TRUSTEE	1.00	Director	$0	$0	$0
NICHOLAS BASS	TRUSTEE	1.00	Director	$0	$0	$0
DR CEREN YARAR-FISHER	TRUSTEE (STARTED 2024)	1.00	Director	$0	$0	$0
MARCUS VIVONA	TRUSTEE (STARTED 2024)	1.00	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	No data	No data	No data	No data
2024	$1,006,034	$833,986	$4,200,462	$172,048
2023	$1,150,019	$704,745	$3,772,289	$445,274
2022	$722,435	$666,549	$3,517,888	$55,886
2021	$760,385	$649,810	$4,155,829	$110,575
2020	$1,234,777	$532,030	$3,865,816	$702,747
2019	$698,849	$631,198	$3,106,114	$67,651
2018	$708,711	$596,547	$2,987,298	$112,164