CREATE ARTS CENTER INC

EIN: 521489164 501(c)(3) Arts, Culture & Humanities

SILVER SPRING, MD

Total Revenue
$674,889
Total Expenses
$759,700
Total Assets
$909,739
Net Assets
$-39,274
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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
MD
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.

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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 (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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Governance

Voting Members
11
Independent Members
11
Employees
9
Volunteers
20

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
4
$0
Total Directors
11
$0
Key Employees
1
$83,923
Highest Compensated
0
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
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