CREATIVE LIFE INC (EIN 581807217) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

CAROLYN BIBBS

Phone

9017750304

Tax Period

2024-01-01 to 2024-12-31

CREATIVE LIFE INC, founded in 1988, is a small nonprofit in the Youth Development sector that reported $852K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $137K, a strong 16% operating margin.

Mission

TO EDUCATE CHILDREN THRU EDUCATIONAL, RECREATIONAL,INSPIRATIONAL,MOTIVATIONAL ACTIVITIES

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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 $826,356

Program Service Revenue $0

Investment Income $49

Other Revenue $25,301

TOTAL REVENUE $851,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $436,808

Fundraising Expenses $54

Program Expenses $580,596

Other Expenses $277,471

TOTAL EXPENSES $714,279

Year-over-Year Comparison

	2024	2023	Change
Revenue	$851,706	$528,014	+0.6%
Expenses	$714,279	$526,420	+0.4%
Net Income	$137,427	$1,594	+85.2%

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

N/A

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

$75,333

Total Directors

Key Employees

$52,333

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIE CUMMINGS	BOARD CHAIRMAN	1	Director	$0	$0	$0
CAROLYN BIBBS	PRESIDENT CEO	40	Officer	$75,333	$0	$75,333
WILLEAN LEE	EXECUTIVE ADMINISTRATOR	40	Key Emp	$52,333	$0	$52,333
NORMA BARRETT	TREASURER	1	Officer	$0	$0	$0
JOYCE DUNCAN	BOARD MEMBER	1	Director	$0	$0	$0
VINVECCA GRAY	BOARD MEMBER	1	Director	$0	$0	$0
JANNETTE GLOVER	BOARD MEMBER	1	Director	$0	$0	$0
JOSEPH KYLES	BOARD MEMBER	1	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
2025	No data	No data	No data	No data
2024	$851,706	$714,279	$625,641	$137,427
2023	$528,014	$526,420	$500,077	$1,594
2022	$494,592	$520,346	$514,747	$-25,754
2021	$702,511	$633,230	$574,938	$69,281
2020	$464,937	$426,372	$502,047	$38,565
2019	$572,111	$560,103	$488,416	$12,008
2018	$549,084	$570,170	$405,282	$-21,086

CREATIVE LIFE INC