Creative Ability Development Inc

EIN: 471611231 501(c)(3) Arts, Culture & Humanities

Rochester, NY

Total Revenue
$420,918
Total Expenses
$491,404
Total Assets
$1,045,051
Net Assets
$656,257
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
Alice Kanack
Phone
5852446910
Tax Period
2023-01-01 to 2023-12-31

Creative Ability Development Inc, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $421K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $491K exceeded revenue, resulting in a 17% operating deficit.

Mission

To provide students of all ages an environment in which to develop their musical artistry

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $44,739
Program Service Revenue $375,474
Investment Income $0
Other Revenue $705
TOTAL REVENUE $420,918

Expense Breakdown

Grants Paid $35,667
Salaries & Benefits $312,413
Fundraising Expenses $2,334
Program Expenses $400,398
Other Expenses $143,324
TOTAL EXPENSES $491,404

Year-over-Year Comparison

2023 2022 Change
Revenue $420,918 $468,615 -0.1%
Expenses $491,404 $417,681 +0.2%
Net Income $-70,486 $50,934 -2.4%
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

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Governance

Voting Members
11
Independent Members
10
Employees
28
Volunteers
25

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
5
$128,971
Total Directors
12
$128,971
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
George Thurston Chair 0.70
Officer Director
$0 $0 $0
Alice Kanack Vice Chair/Executive Director 40.00
Officer Director
$78,210 $5,278 $83,488
Andrew Barnhart Artistic Director (Thru 8/2023) 40.00
Officer Director
$45,483 $0 $45,483
Scarlett Miles Director 0.70
Director
$0 $0 $0
Joy Irwin Director 0.70
Director
$0 $0 $0
Joan Klafehn Director 0.70
Director
$0 $0 $0
Todd Klafehn Secretary 0.70
Officer Director
$0 $0 $0
Dr Edith Jaffe Director 0.70
Director
$0 $0 $0
Amanda Herman Treasurer (Thru 7/2023) 0.70
Officer Director
$0 $0 $0
Dr Zachary Preucil CAD Representative 0.70
Director
$0 $0 $0
Masumi Per Rostad Director 0.70
Director
$0 $0 $0
Margaret Maria Tobolovska CAD Representative (Start 4/2023) 0.70
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 $420,918 $491,404 $1,045,051 $-70,486
2022 $468,615 $417,681 $1,096,219 $50,934
2021 $716,154 $409,956 $1,038,898 $306,198
2020 $357,646 $367,507 $748,151 $-9,861
2019 $449,694 $381,857 $795,475 $67,837
2018 $494,124 $417,222 $760,972 $76,902
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