CREALDE ARTS 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

1995

Legal Domicile

Principal Officer

PETER SCHREYER

Phone

4076711886

Tax Period

2024-01-01 to 2024-12-31

CREALDE ARTS INC, founded in 1995, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

PROVIDE EDUCATION IN VISUAL ARTS

Program Service Accomplishments

Program 1

Expenses: $682,459 Revenue: $917,497

ART CLASSES FOR STUDENTS OF ALL AGES

Program 2

Expenses: $443,598 Revenue: $594,296

GALLERY EXHIBITION OF WORKS OF ART

Program 3

Expenses: $11,374 Revenue: $7,764

SPECIAL PROGRAMS ARTCAMPS, EDUCATIONAL TOURS, SPECIAL CLASSES

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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 $602,060

Program Service Revenue $917,497

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,519,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,137,431

Other Expenses $1,568,198

TOTAL EXPENSES $1,568,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,519,557	$1,630,782	-0.1%
Expenses	$1,568,198	$1,457,615	+0.1%
Net Income	$-48,641	$173,167	-1.3%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONI PECK	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN K JENNINGS	PRESIDENT	1.00	Officer Director	$0	$0	$0
FRANK SCHORNAGLE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANN CLEMENT	OFFICER AT LARGE	1.00	Officer Director	$0	$0	$0
VALADA FLEWELLYN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINA MITCHELL-KAI	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK THOMPSON	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT SMITHER PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER SCHREYER	CEO & EXECUTIVE DIR	40.00	Officer Key Emp Highest	$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
2024	$1,519,557	$1,568,198	$1,668,682	$-48,641
2023	$1,630,782	$1,457,615	$1,674,633	$173,167
2022	$1,362,190	$1,321,860	$1,484,689	$40,330
2021	$1,333,125	$1,218,509	$1,419,162	$114,616
2020	$1,099,108	$1,048,329	$1,283,357	$50,779