CREATIVE WACO

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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

JOHN KINNAIRD

Phone

2542147640

Tax Period

2024-01-01 to 2024-12-31

CREATIVE WACO, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $1.1M left a modest 6% surplus.

Mission

CREATIVE WACO'S MISSION IS TO GROW AND SUPPORT A THRIVING CULTURAL AND CREATIVE COMMUNITY IN WACO AND MCLENNAN COUNTY, TEXAS.

Program Service Accomplishments

Program 1

Expenses: $673,019 Revenue: $16,965

OPERATING AS THE LOCAL ARTS AGENCY FOR WACO AND MCLENNAN COUNTY BY MANAGING AND EVALUATING STRATEGIC INVESTMENT IN NON-PROFIT ARTS ORGANIZATIONS, PUBLIC ART, AND INFRASTRUCTURE TO ADVANCE THE GOALS...

Program 2

Expenses: $177,466

PROVIDING TRAINING, INFORMATION, SERVICES, NETWORKING FORUM, ONLINE RESOURCES, AND EDUCATION PROGRAMS TO SUPPORT ARTS ORGANIZATIONS, ARTISTS AND CULTURAL PROGRAMMING IN WACO AND MCLENNAN...

PROVIDING TRAINING, INFORMATION, SERVICES, NETWORKING FORUM, ONLINE RESOURCES, AND EDUCATION PROGRAMS TO SUPPORT ARTS ORGANIZATIONS, ARTISTS AND CULTURAL PROGRAMMING IN WACO AND MCLENNAN COUNTY.BENEFICIARIES: 90 ORGANIZATIONS AND INDIVIDUALS, WHOLE COMMUNITY

Program 3

Expenses: $62,701

LAUNCHING AND MANAGING CULTURAL PROGRAMMING, PUBLIC ART, EVENTS, AND MARKETING FOR THE WACO DOWNTOWN CULTURAL DISTRICTBENEFICIARIES: WHOLE COMMUNITY OF WACO AND MCLENNAN COUNTY

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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 $1,158,868

Program Service Revenue $16,780

Investment Income $22,221

Other Revenue $185

TOTAL REVENUE $1,198,054

Expense Breakdown

Grants Paid $294,606

Salaries & Benefits $439,284

Fundraising Expenses $84,329

Program Expenses $913,186

Other Expenses $391,723

TOTAL EXPENSES $1,125,613

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,198,054	$1,590,206	-0.2%
Expenses	$1,125,613	$1,432,430	-0.2%
Net Income	$72,441	$157,776	-0.5%

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

$117,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELA RODRIGUEZ	CHAIR	4.00	Officer Director	$0	$0	$0
JOHN KINNAIRD	VICE CHAIR & TREASURER	4.00	Officer Director	$0	$0	$0
ELISE EDWARDS	SECRETARY	4.00	Officer Director	$0	$0	$0
JED COLE	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE SANDERS	DIRECTOR	2.00	Director	$0	$0	$0
NICK ALVARADO	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
JACKYE CLAYTON	DIRECTOR	2.00	Director	$0	$0	$0
LEAH TEAGUE	DIRECTOR	2.00	Director	$0	$0	$0
FIONA BOND	EXECUTIVE DIRECTOR	50.00	Officer	$110,000	$7,250	$117,250

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	$1,198,054	$1,125,613	$925,446	$72,441
2023	$1,590,206	$1,432,430	$882,494	$157,776
2022	$1,093,663	$1,002,346	$725,072	$91,317
2021	$823,242	$745,516	$656,232	$77,726
2020	$675,815	$602,305	$555,013	$73,510
2019	$564,508	$813,529	$445,548	$-249,021
2018	$1,237,111	$862,370	$677,402	$374,741