CREATE ARTS CENTER 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

1986

Legal Domicile

Principal Officer

CLAYTON EVANS

Phone

3015882787

Tax Period

2024-07-01 to 2025-06-30

CREATE ARTS CENTER INC, founded in 1986, is a small nonprofit in the Arts, Culture & Humanities sector that reported $675K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $760K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO SPARK CREATIVITY, FOSTER LEARNING, EMPOWER INDIVIDUALS, AND FACILITATE COMMUNITY CONNECTIONS THROUGH THE VISUAL ARTS.

Program Service Accomplishments

Program 1

Expenses: $523,096 Revenue: $475,935

ART EDUCATION AND ART THERAPY PROGRAMS FOR CHILDREN, ADOLESCENTS, AND ADULTS.

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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 $188,527

Program Service Revenue $475,935

Investment Income $8,907

Other Revenue $1,520

TOTAL REVENUE $674,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $353,964

Fundraising Expenses $17,601

Program Expenses $523,096

Other Expenses $405,736

TOTAL EXPENSES $759,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$674,889	$592,380	+0.1%
Expenses	$759,700	$732,194	+0.0%
Net Income	$-84,811	$-139,814	-0.4%

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

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

Total Directors

Key Employees

$83,923

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERICA HERTZ WEISS	PRESIDENT	2.00	Officer Director	$0	$0	$0
HALIMAH ABDULLAH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MELANIE FONDER KAYE	SECRETARY	2.00	Officer Director	$0	$0	$0
DIANA FARINA-BORLASE	TREASURER	2.00	Officer Director	$0	$0	$0
CASSANDRA MCKEE	DIRECTOR	1.00	Director	$0	$0	$0
MINDI SCHOOLS TRAN	DIRECTOR	1.00	Director	$0	$0	$0
CHANDRA DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
HEATH WINTER	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA FISHMAN	DIRECTOR	1.00	Director	$0	$0	$0
IMAN ABDULMALEK	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE BULATOVIC	DIRECTOR	1.00	Director	$0	$0	$0
CLAYTON EVANS	EXECUTIVE DIRECTOR	40.00	Key Emp	$83,923	$0	$83,923

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
2025	$674,889	$759,700	$909,739	$-84,811
2024	$592,380	$732,194	$1,101,573	$-139,814
2023	$675,732	$674,658	$1,346,125	$1,074
2022	$594,625	$515,043	$502,949	$79,582
2021	$398,733	$365,014	$432,558	$33,719
2020	$381,677	$367,945	$334,148	$13,732
2020	$381,677	$367,945	$334,148	$13,732
2019	$344,660	$320,423	$183,825	$24,237
2018	$324,923	$312,112	$147,919	$12,811