SENIORS CREATING ART

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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

Raeanne Goldwire

Phone

2064204381

Tax Period

2024-01-01 to 2024-12-31

SENIORS CREATING ART, founded in 2013, is a small nonprofit in the Human Services sector that reported $261K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

Inspire hope and purpose in seniors by providing access to create art. Free art workshops for seniors

Program Service Accomplishments

Program 1

Expenses: $170,454 Revenue: $38,854

Provided free art programs and supplies to over 5,ooo senior citizens.

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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 $223,793

Program Service Revenue $37,345

Investment Income $0

Other Revenue $0

TOTAL REVENUE $261,138

Expense Breakdown

Grants Paid $170,454

Salaries & Benefits $79,387

Fundraising Expenses $1,649

Program Expenses $170,454

Other Expenses $10,617

TOTAL EXPENSES $260,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$261,138	$167,504	+0.6%
Expenses	$260,458	$154,855	+0.7%
Net Income	$680	$12,649	-0.9%

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

N/A

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

Total Directors

Key Employees

$72,583

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Raeanne Goldwire	Executive Director	30	Key Emp	$36,958	$0	$36,958
Alphonso Goldwire	Chief Operating Office	25.00	Key Emp	$35,625	$0	$35,625
Jim Morrison	Treasurer and Secretary	1	Officer	$0	$0	$0
Justin Howie	Vice-President	1	Officer	$0	$0	$0
Devon Hoover	President	1	Officer	$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	$261,138	$260,458	$36,929	$680