CREATE FOUNDATION

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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

2025-01-01 to 2025-12-31

CREATE FOUNDATION, founded in 1972, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $23.6M in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. Net assets of $199.8M represent 101 months of operating reserves.

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.

Program Service Accomplishments

Program 1

Expenses: $21,926,670 Revenue: $28,285

CONTRIBUTIONS WERE MADE TO VARIOUS CHARITABLE ORGANIZATIONS INCLUDING PUBLIC SCHOOLS AND UNIVERSITIES TO IMPROVE EDUCATION AND COMMUNITY LIFE AND TO PROMOTE CHARITABLE GIVING. THE ORGANIZATION ALSO OPERATES AS A FISCAL AGENT FOR A NUMBER OF CHARITABLE PROJECTS AS WELL AS BUILDING PERMANENT COMMUNITY ENDOWMENTS, ENCOURAGING PHILANTHROPY AND MANAGING CHARITABLE FUNDS CONTRIBUTED BY INDIVIDUALS, FAMILIES, ORGANIZATIONS, AND CORPORATIONS, SERVES TO STRENTHEN REGIONAL COMMUNITY DEVELOPMENT CAPACITY, AND PROVIDES LEADERSHIP ON KEY COMMUNITY ISSUES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $17,961,104

Program Service Revenue $28,285

Investment Income $5,654,803

Other Revenue $1,800

TOTAL REVENUE $23,645,992

Expense Breakdown

Grants Paid $19,934,838

Salaries & Benefits $1,390,366

Fundraising Expenses $916,868

Program Expenses $21,926,670

Other Expenses $2,919,736

TOTAL EXPENSES $24,244,940

Year-over-Year Comparison

	2025	2024	Change
Revenue	$23,645,992	$26,192,583	-0.1%
Expenses	$24,244,940	$22,369,025	+0.1%
Net Income	$-598,948	$3,823,558	-1.2%

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

$442,295

Total Directors

$147,519

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL K CLAYBORNE	PRESIDENT	40.00	Officer	$299,295	$0	$299,295
EDDIE BLAKELEY	DIRECTOR	1.00	Director	$0	$0	$147,519
JUANITA FLOYD	SENIOR V.P.	40.00	Officer	$143,000	$0	$143,000
KRISTY LUSE	VP - TOYOTA	40.00	Highest	$129,247	$0	$129,247
MATT BOGUE	DIRECTOR	1.00	Director	$0	$0	$0
MARY CHILDS	PAST CHAIR	1.00	Officer Director	$0	$0	$0
BO COLLINS	DIRECTOR	1.00	Director	$0	$0	$0
PHIL FAULKNER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HALL	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
CLAY HOMAN	DIRECTOR	1.00	Director	$0	$0	$0
JACK REED JR	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KIRK LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
RANDY LONG	CHAIR	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
MILLETTE NABORS	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
KYLE SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ORMA SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
SHANE SPEES	DIRECTOR	1.00	Director	$0	$0	$0
BILLYE JEAN STROUD	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

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	$23,645,992	$24,244,940	$199,798,321	$-598,948
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