PROJECT CREATE

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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

2003

Legal Domicile

Principal Officer

Christie Walser

Phone

2026602555

Tax Period

2023-01-01 to 2023-12-31

PROJECT CREATE, founded in 2003, is a community nonprofit in the Youth Development sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $723K, a strong 41% operating margin.

Mission

Project Create provides opportunities for creative youth development through accessible, multidisciplinary arts education to empower young people and amplify their voices.

Program Service Accomplishments

Program 1

Expenses: $454,366 Revenue: $0

The Project Create Arts Center is full of art supplies and equipment, computers with creative design software, state-of-the-art audio-visual equipment, and experienced teaching artists and art...

The Project Create Arts Center is full of art supplies and equipment, computers with creative design software, state-of-the-art audio-visual equipment, and experienced teaching artists and art therapists. Multidisciplinary studio classes in visual, performing and digital media arts are provided daily, year-round in three semesters. During open studio sessions, experienced arts educators lead participants in an accepting and creative artistic environment. All classes are free.

Program 2

Expenses: $166,024 Revenue: $95,652

Project Create provides multidisciplinary arts education classes in partnership with community-based organizations that provide services to children, youth, and families experiencing homelessness and poverty. Program offerings, designed with a therapeutic and trauma-informed approach, include weekly classes, arts enrichment field trips, and performance and exhibition opportunities for kids of all ages. Our collaborations combat barriers to arts education accessibility.

Program 3

Expenses: $86,490 Revenue: $0

HeART Space, Project Creates art therapy program, is delivered by registered art therapists to provide mental health and social-emotional support through small group sessions. Programs, offered to...

HeART Space, Project Creates art therapy program, is delivered by registered art therapists to provide mental health and social-emotional support through small group sessions. Programs, offered to children and families, focus on how to use art techniques to increase emotional wellness, decrease anxiety, and build resilience while connecting to others. Sessions include visual art therapy, music therapy and dance therapy. All programs are free for DC families.

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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 $1,654,812

Program Service Revenue $95,652

Investment Income $4,429

Other Revenue $1,192

TOTAL REVENUE $1,756,085

Expense Breakdown

Grants Paid $7,468

Salaries & Benefits $507,521

Fundraising Expenses $147,494

Program Expenses $741,098

Other Expenses $487,513

TOTAL EXPENSES $1,033,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,756,085	$1,059,595	+0.7%
Expenses	$1,033,502	$841,244	+0.2%
Net Income	$722,583	$218,351	+2.3%

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

$95,107

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christie Walser	Executive Director	50.00	Officer	$89,563	$5,544	$95,107
Katie Rosenthal	Board Chair	5.00	Officer Director	$0	$0	$0
Gizachew Andargeh	Vice-Chair	1.00	Officer Director	$0	$0	$0
Kevin Houser	Secretary	1.00	Officer Director	$0	$0	$0
Kara Lilian	Treasurer	1.00	Officer Director	$0	$0	$0
W Earl Williams	Director	1.00	Director	$0	$0	$0
Diarra McKinney	Director	1.00	Director	$0	$0	$0
Christian Contardo	Director	1.00	Director	$0	$0	$0
Chelsea Koski	Director	1.00	Director	$0	$0	$0
Octavia Hammond	Director	1.00	Director	$0	$0	$0
Anika Hobbs	Director	1.00	Director	$0	$0	$0
Adam Kent	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	No data	No data	No data	No data
2023	$1,756,085	$1,033,502	$3,778,676	$722,583
2022	$1,059,595	$841,244	$2,149,815	$218,351
2021	$771,433	$731,542	$1,882,016	$39,891
2020	$760,804	$708,429	$1,880,156	$52,375
2019	$1,564,765	$622,188	$1,728,289	$942,577
2018	$471,467	$591,328	$197,963	$-119,861