CREATIVE ENTERPRISE ZONE

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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

2015

Legal Domicile

Principal Officer

BEN SHARDLOW

Phone

6517856065

Tax Period

2024-01-01 to 2024-12-31

CREATIVE ENTERPRISE ZONE, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $224K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $209K left a modest 7% surplus.

Mission

THE CREATIVE ENTERPRISE ZONE'S (CEZ'S) MISSION IS TO ATTRACT AND SUPPORT CREATIVE PEOPLE AND BUSINESSES TO MAKEITHERE CEZMSP. LOCATED BETWEEN PRIOR AVENUE AND THE BOUNDARY BETWEEN MINNEAPOLIS AND SAINT PAUL ALONG THE GREEN LINE, WE ENVISION THE ZONE AS A THRIVING DISTRICT OF CREATIVITY AND INNOVATION CENTERED IN AN EQUITABLE AND JUST COMMUNITY OF ECONOMIC AND ENVIRONMENTAL WELL-BEING. WE APPLY COMMUNITY IMAGINATION TO FOSTER AND IMPROVE PLACE DEVELOPMENT WITH A CREATIVE DESTINATION WITH 60+ OUTDOOR MURALS.

Program Service Accomplishments

Program 1

Expenses: $32,402

REAL ESTATE SERVICES: WE COLLABORATE WITH LANDLORDS AND TENANTS TO PREVENT CREATIVE DISPLACEMENT, ADVOCATE FOR FAIR AND AFFORDABLE CREATIVE SPACES, AND RECRUIT ENTREPRENEURS, ARTISTS, MAKERS, AND...

REAL ESTATE SERVICES: WE COLLABORATE WITH LANDLORDS AND TENANTS TO PREVENT CREATIVE DISPLACEMENT, ADVOCATE FOR FAIR AND AFFORDABLE CREATIVE SPACES, AND RECRUIT ENTREPRENEURS, ARTISTS, MAKERS, AND SMALL BUSINESSES TO THE DISTRICT. WE PARTNER WITH TAPROOT INVESTMENT COOPERATIVE AND OTHER COMMUNITY PARTNERS TO ACQUIRE COMMERCIAL BUILDINGS, EXPAND LOCAL OWNERSHIP, AND INCREASE COMMUNMITY CONTROL OF REAL ESTATE FOR THE LONG TERM AND AS AN ANTI-DISPLACEMENT STRATEGY.

Program 2

Expenses: $103,974

CHROMA ZONE MURAL AND ARTS FESTIVAL: WE PRODUCE AN ANNUAL FESTIVAL WHICH FOCUSES ON THE CREATION OF LARGE OUTDOOR MURALS ON BUILDINGS, ALONG WITH COMMUNITY-LED EVENTS AND ARTS PROGRAMS. OUR GOALS ARE TO RAISE THE PROFILE OF THE GROWING DISTRICT, SUPPORT AND CONNECT CREATIVES WHO WORK AND LIVE HERE, AND CONTRIBUTE TO THE LONG-TERM BEAUTY, ECONOMIC VITALITY, SAFETY AND WALKABILITY OF THE CREATIVE ENTERPRISE ZONE.

Program 3

CITY OF SAINT PAUL NEIGHBORHOOD STAR PROGRAM: WE ADMINISTER PROPERTY IMPROVEMENT GRANTS AND LOANS REIMBURSABLE THROUGH THE CITY OF SAINT PAUL TO HELP CREATIVE BUSINESSES RESPOND TO MAKE CAPITAL...

CITY OF SAINT PAUL NEIGHBORHOOD STAR PROGRAM: WE ADMINISTER PROPERTY IMPROVEMENT GRANTS AND LOANS REIMBURSABLE THROUGH THE CITY OF SAINT PAUL TO HELP CREATIVE BUSINESSES RESPOND TO MAKE CAPITAL IMPROVEMENTS.

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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 $218,751

Program Service Revenue $5,097

Investment Income $107

Other Revenue $-107

TOTAL REVENUE $223,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,124

Fundraising Expenses $11,443

Program Expenses $148,576

Other Expenses $109,655

TOTAL EXPENSES $208,779

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,848	$269,499	-0.2%
Expenses	$208,779	$346,306	-0.4%
Net Income	$15,069	$-76,807	-1.2%

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

$91,528

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN SHARDLOW	BOARD CHAIR	4.00	Officer Director	$0	$0	$0
STEPHEN KLIMEK	BOARD VICE C	4.00	Officer Director	$0	$0	$0
VINCE NETZ	BOARD TREASU	4.00	Officer Director	$0	$0	$0
PAT THOMPSON	BOARD SECRET	4.00	Officer Director	$0	$0	$0
SANDY BOSS FEBBO	BOARD MEMBER	2.00	Director	$0	$0	$0
JARED HANKS	BOARD MEMBER	2.00	Director	$0	$0	$0
MENAKA MOHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
STACY HOLM	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
ANGELA CASSELTON	EXECUTIVE DI	32.00	Officer	$91,528	$0	$91,528

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	$223,848	$208,779	$252,201	$15,069
2023	$269,499	$346,306	$256,545	$-76,807
2022	$323,685	$285,088	$322,026	$38,597
2021	$235,692	$357,769	$285,002	$-122,077
2020	$119,152	$181,623	$387,475	$-62,471
2019	$351,967	$166,614	$422,820	$185,353