KRE8IVE FINE ARTS ACADEMY INC

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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

JARED D GARRISON

Phone

6189854370

Tax Period

2019-01-01 to 2019-12-31

KRE8IVE FINE ARTS ACADEMY INC, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $248K in total revenue in fiscal year 2019. The organization ran a surplus of $159K, a strong 64% operating margin.

Mission

TO PROVIDE OPPORTUNITIES IN THE ARTS FOR PEOPLE OF ALL AGES.

Program Service Accomplishments

Program 1

Expenses: $87,537 Revenue: $45,804

THE ORGANIZATON HAS PROVIDED OPPORTUNITIES IN THE ARTS FOR PEOPLE OF ALL AGES, AS WELL AS CREATING OPPORTUNITIES TO GIVE BACK TO LOCAL COMMUNITIES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $201,947

Program Service Revenue $45,804

Investment Income $0

Other Revenue $0

TOTAL REVENUE $247,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,537

Other Expenses $88,361

TOTAL EXPENSES $88,361

Year-over-Year Comparison

	2019	2018	Change
Revenue	$247,751	N/A	N/A
Expenses	$88,361	N/A	N/A
Net Income	$159,390	N/A	N/A

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM ROBINSON	Director	1.00	Director	$0	$0	$0
JARED D GARRISON	President	5.00	Officer	$0	$0	$0
JILL ELLIOTT	Vice President	1.00	Officer	$0	$0	$0
SHELLEY L HUDSPATH	Secretary	1.00	Officer	$0	$0	$0
MONICA SANDERS	Treasurer	1.00	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
2019	$247,751	$88,361	$189,911	$159,390