Creative Washtenaw

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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

2006

Legal Domicile

Phone

7343959868

Tax Period

2024-01-01 to 2024-12-31

Creative Washtenaw, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $222K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $264K exceeded revenue, resulting in a 19% operating deficit.

Mission

To advocate for and provide support services to artists creative workers organizations businesses educational and government entities to ensure that Washtenaw County Michigan - the greater Ann Arbor area - remains a great place for all to create live work learn play and visit.

Program Service Accomplishments

Program 1

Expenses: $56,059 Revenue: $57,054

Creative Washtenaw is dedicated to advancing the arts through public art installations and design projects in collaboration with local artists. By transforming public spaces we aim to enrich the...

Creative Washtenaw is dedicated to advancing the arts through public art installations and design projects in collaboration with local artists. By transforming public spaces we aim to enrich the cultural landscape encourage artistic expression and build a more vibrant community. Our initiatives not only beautify neighborhoods but also foster creativity and engagement among residents creating a lasting impact on the communitys cultural identity.

Program 2

Expenses: $89,856 Revenue: $97,238

Creative Washtenaw provides essential support to artists creatives and cultural organizations in Washtenaw by offering business guidance valuable resources relief programs and networking...

Creative Washtenaw provides essential support to artists creatives and cultural organizations in Washtenaw by offering business guidance valuable resources relief programs and networking opportunities. Through our customized assistance we aim to cultivate a dynamic creative community empowering individuals to flourish and contribute significantly to the cultural richness of the region.

Program 3

Expenses: $51,411 Revenue: $68,156

Creative Washtenaw plays a vital role in supporting local artists by overseeing government grants which are pivotal in nurturing a dynamic creative environment. Through the management of grant...

Creative Washtenaw plays a vital role in supporting local artists by overseeing government grants which are pivotal in nurturing a dynamic creative environment. Through the management of grant initiatives and the provision of essential connections to valuable resources Creative Washtenaw empowers artists to embark on projects that contribute significantly to the cultural richness of the region. This proactive approach not only benefits individual artists but also enhances the overall artistic vibrancy and diversity of the community.

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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 $178,563

Program Service Revenue $42,651

Investment Income $1,233

Other Revenue $0

TOTAL REVENUE $222,447

Expense Breakdown

Grants Paid $50,925

Salaries & Benefits $0

Fundraising Expenses $35,683

Program Expenses $197,326

Other Expenses $212,934

TOTAL EXPENSES $263,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,447	$683,509	-0.7%
Expenses	$263,859	$679,895	-0.6%
Net Income	$-41,412	$3,614	-12.5%

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

N/A

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

$46,136

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Abby Fanelli	Trustee	1.00	Director	$0	$0	$0
Asha Jordan	Trustee	1.00	Director	$0	$0	$0
Amy Karbo	Trustee	0.50	Director	$0	$0	$0
Tina Walther	Chair	1.50	Officer	$0	$0	$0
Dave Snyder	Secretary	1.50	Officer	$0	$0	$0
Michael McCarthy	Treasurer	0.50	Officer	$0	$0	$0
Deb Polich	President-CEO	30.00	Officer	$0	$0	$46,136

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	$222,447	$263,859	$74,343	$-41,412
2023	$683,509	$679,895	$188,546	$3,614
2018	$220,429	$255,636	$125,291	$-35,207