Creative Strategies for Change

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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

2013

Legal Domicile

Principal Officer

Bianca Mikahn

Phone

7204370195

Tax Period

2023-01-01 to 2023-12-31

Creative Strategies for Change, founded in 2013, is a small nonprofit in the Education sector that reported $425K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $540K exceeded revenue, resulting in a 27% operating deficit.

Mission

Creative Strategies for Change's mission is to mobilize arts and education for social justice.

Program Service Accomplishments

Program 1

Expenses: $110,324 Revenue: $76,736

School Programs : We are very proud to have increased our programming hours in Title I schools, private schools, and youth driven organizations, continuing old partnerships and creating new ones...

School Programs : We are very proud to have increased our programming hours in Title I schools, private schools, and youth driven organizations, continuing old partnerships and creating new ones within the Denver community. This year, we have facilitated over 180 hours of workshops (averaging around 15 hours per week), and reached 134 students. As with all of our programs, we work to serve and make our content accessible to the BIPOC community in Denver. We feel proud that across all of our youth programs, over 50% of our participants identify as BIPOC.

Program 2

Expenses: $72,628 Revenue: $8,249

Community Programs : All community programs are donation based or sliding scale, and no one is turned away for lack of funds. CSC hosted our Facilitator Workshop weekend long intensive twice, as well as consistent monthly Community Cypher open mics, and our monthly culturally responsive mental health resource, Mental Health Mondays. Approximately 530 individuals were served across all community programs. Our Facilitator Workshop served 29 participants total. Of our surveyed participants: - 100% felt an increase in confidence engaging in and facilitating social justice work. - 89% felt more confident engaging in restorative practices. - 100% felt the experience was meaningful for their work, family, and community.

Program 3

Expenses: $31,713 Revenue: $4,822

Professional Development and Consulting: In 2023, to evaluate efficacy and plan for sustained growth, CSC scaled back our Professional Development & Consulting services. However, we still facilitated several workshops for long term community partners. Partners built common vocabulary and frameworks for diversity, equity, inclusion, and cultural responsiveness, individually and institutionally. Approximately 100 individuals were served.

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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 $385,651

Program Service Revenue $37,747

Investment Income $1,485

Other Revenue $301

TOTAL REVENUE $425,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,461

Fundraising Expenses $47,826

Program Expenses $225,640

Other Expenses $192,114

TOTAL EXPENSES $539,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$425,184	$515,254	-0.2%
Expenses	$539,560	$588,448	-0.1%
Net Income	$-114,376	$-73,194	+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

$82,181

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Theresa Gatewood	Executive Dir.	25.00	Officer	$82,181	$0	$82,181
Christian Steward	Chairman	2.00	Officer Director	$0	$0	$0
Nicholle Harris	Secretary	2.00	Officer Director	$0	$0	$0
Shalelia Dillard	Treasurer	2.00	Officer 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	$425,184	$539,560	$533,659	$-114,376
2022	$515,254	$588,448	$703,389	$-73,194
2021	$446,627	$394,667	$887,457	$51,960
2020	$228,995	$189,180	$98,971	$39,815
2017	$215,316	$261,152	$72,321	$-45,836