CREATE FOUNDATION (EIN 237248582) - 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

MICHAEL K CLAYBORNE

Phone

6628448989

Tax Period

2024-01-01 to 2024-12-31

CREATE FOUNDATION, founded in 1972, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $26.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $22.4M left a modest 15% surplus.

Mission

NONPROFIT, CHARITABLE ORGANIZATION WHICH SERVES AS A COMMUNITY FOUNDATION TO STIMULATE GIVING FOR HUMAN DEV- OLPMENT PROJECTS IN EDUCATION, HEALTH AND HUMAN SERVICES, CULTURAL ENRICHMENT, AND LEADERSHIP DEVELOPMENT.

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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 $21,194,107

Program Service Revenue $33,860

Investment Income $4,956,116

Other Revenue $8,500

TOTAL REVENUE $26,192,583

Expense Breakdown

Grants Paid $19,280,326

Salaries & Benefits $1,233,661

Fundraising Expenses $669,482

Program Expenses $20,592,052

Other Expenses $1,855,038

TOTAL EXPENSES $22,369,025

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,192,583	$22,231,092	+0.2%
Expenses	$22,369,025	$14,512,145	+0.5%
Net Income	$3,823,558	$7,718,947	-0.5%

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

$405,655

Total Directors

$224,136

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL K CLAYBORNE	PRESIDENT	40.00	Officer	$275,994	$0	$275,994
WILLIAM BRONSON	DIRECTOR	1.00	Director	$0	$0	$224,136
JUANITA FLOYD	SENIOR V.P.	40.00	Officer	$129,661	$0	$129,661
KRISTY LUSE	VP - TOYOTA	40.00	Highest	$124,610	$0	$124,610
MATT BOGUE	DIRECTOR	1.00	Director	$0	$0	$0
JASON BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
MARY CHILDS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GRACE CLARK	DIRECTOR	1.00	Director	$0	$0	$0
BO COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
PHIL FAULKNER	DIRECTOR	1.00	Director	$0	$0	$0
LISA HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANNIE HEDIN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE HENRY	DIRECTOR	1.00	Director	$0	$0	$0
JACK REED JR	DIRECTOR	1.00	Director	$0	$0	$0
LARRY KIRK	DIRECTOR	1.00	Director	$0	$0	$0
KIRK LEWIS	SECRETARY	1.00	Officer Director	$0	$0	$0
RANDY LONG	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
ROBIN MCCORMICK	DIRECTOR	1.00	Director	$0	$0	$0
LUKE MONTGOMERY	DIRECTOR	1.00	Director	$0	$0	$0
BECKY ROLLINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RUMBARGER	TREASURER	1.00	Officer Director	$0	$0	$0
DR DAVID SHAW	DIRECTOR	1.00	Director	$0	$0	$0
ORMA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
SHANE SPEES	DIRECTOR	1.00	Director	$0	$0	$0
BILLYE JEAN STROUD	DIRECTOR	1.00	Director	$0	$0	$0
ROBYN TANNEHILL	DIRECTOR	1.00	Director	$0	$0	$0
MARK TAPP	DIRECTOR	1.00	Director	$0	$0	$0
LEE TUCKER	DIRECTOR	1.00	Director	$0	$0	$0
MITCH WAYCASTER	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN WILSON	DIRECTOR	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
2024	$26,192,583	$22,369,025	$181,615,605	$3,823,558
2023	$22,231,092	$14,512,145	$167,121,440	$7,718,947
2022	$17,703,695	$14,742,729	$145,002,531	$2,960,966
2021	$21,098,811	$11,906,188	$167,174,510	$9,192,623
2020	$14,919,581	$12,983,319	$144,701,428	$1,936,262
2019	$26,502,461	$10,705,525	$134,524,324	$15,796,936
2018	$17,806,380	$8,679,808	$108,869,980	$9,126,572

CREATE FOUNDATION