Chattanooga, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CREATIVE DISCOVERY MUSEUM, founded in 1992, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.3M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $5.9M exceeded revenue, resulting in a 11% operating deficit.
THE CREATIVE DISCOVERY MUSEUMS MISSION IS TO INSPIRE ALL CHILDREN TO EXPLORE, INNOVATE, CREATE AND PLAY
THE CREATIVE DISCOVERY MUSEUM USES PROVEN, EVIDENCE-BASED PRINCIPLES TO ENGAGE THE SENSES, INSPIRE EXPLORATION AND IGNITE CHILDRENS PASSION FOR LEARNING. WHILE SOME GUESTS MAY VIEW A VISIT TO THE...
THE CREATIVE DISCOVERY MUSEUM USES PROVEN, EVIDENCE-BASED PRINCIPLES TO ENGAGE THE SENSES, INSPIRE EXPLORATION AND IGNITE CHILDRENS PASSION FOR LEARNING. WHILE SOME GUESTS MAY VIEW A VISIT TO THE MUSEUM AS MERELY A FUN OUTING, RESEARCH HAS LONG PROVEN THAT PLAY IS THE WORK OF CHILDHOOD. THROUGH PLAY CHILDREN GAIN MENTAL, PHYSICAL AND SOCIAL SKILLS NECESSARY TO SUCCEED IN THEIR ADULT LIVES. IN 2023 THE MUSEUM SERVED OVER 322,000 INDIVIDUALS THROUGH MUSEUM VISITS, EDUCATIONAL PROGRAMS, FREE AND REDUCED-PRICE ADMISSIONS AND MUCH MORE
THE MUSEUM ACHIEVES ITS MISSION FIRST THROUGH ITS PERMANENT EXHIBITION PROGRAM FOCUSING ON ARTS, SCIENCES, EARLY CHILDHOOD, HEALTH AND THE ENVIRONMENT AND THROUGH TRAVELING EXHIBITS THAT COMPLEMENT...
THE MUSEUM ACHIEVES ITS MISSION FIRST THROUGH ITS PERMANENT EXHIBITION PROGRAM FOCUSING ON ARTS, SCIENCES, EARLY CHILDHOOD, HEALTH AND THE ENVIRONMENT AND THROUGH TRAVELING EXHIBITS THAT COMPLEMENT AND SUPPLEMENT THE EDUCATION CONTENT OF ITS CORE EXHIBITS. CDM TRADITIONALLY OFFERS A WIDE ARRAY OF EDUCATION PROGRAMS WITHIN THE MUSEUM THAT COMPLEMENT AND ENHANCE THE EXHIBITS INCLUDING SCIENCE THEATER DEMONSTRATIONS, INFANT AND TODDLER DEVELOPMENT CLASSES, HOME SCHOOL WORKSHOPS, SUMMER CAMPS, A TEEN VOLUNTEER PROGRAM, INCLUSIVE ACTIVITIES FOR CHILDREN WITH SPECIAL NEEDS, ART PERFORMANCES AND DEMONSTRATIONS, SPECIAL EVENT DAYS AND WALK-IN ACTIVITIES. ADDITIONALLY, CDM SUPPORTS THE LOCAL SCHOOLS WITH A VARIETY OF EDUCATION PROGRAMS INCLUDING SCHOOL TOURS AT THE MUSEUM, SCHOOL OUTREACH LESSONS, AND FAMILY NIGHTS AS WELL AS PROFESSIONAL DEVELOPMENT WORKSHOPS FOR TEACHERS. ANNUALLY, THE MUSEUM SERVES APPROXIMATELY 40,000 STUDENTS PER
THE MUSEUM IS COMMITTED TO BEING AS ACCESSIBLE AS POSSIBLE TO FAMILIES. EACH YEAR CDM PROVIDES MORE THAN 50,000 FREE OR DISCOUNTED ADMISSIONS. THE MUSEUM IS FREE TO THE PUBLIC ON THE 2ND THURSDAY...
THE MUSEUM IS COMMITTED TO BEING AS ACCESSIBLE AS POSSIBLE TO FAMILIES. EACH YEAR CDM PROVIDES MORE THAN 50,000 FREE OR DISCOUNTED ADMISSIONS. THE MUSEUM IS FREE TO THE PUBLIC ON THE 2ND THURSDAY EVENING OF EACH MONTH. EVERY YEAR MORE THAN 15,000 VISITORS TAKE ADVANTAGE OF THE MUSEUMS FOR ALL PROGRAM WHICH ALLOWS ANYONE WITH AN EBT OR FOOD STAMP CARD TO BE ADMITTED FOR 3. CDM ALSO PROVIDES FREE ADMISSION FOR A RANGE OF SOCIAL SERVICE ORGANIZATIONS SUCH AS BIG BROTHERS, BIG SISTERS. A CURRENT STRATEGIC GOAL IS TO WELCOME CHILDREN OF ALL BACKGROUNDS AND CULTURES TO THE MUSEUM AND INCREASE THEIR GLOBAL AWARENESS AND CULTURAL LITERACY THROUGH EXHIBITS AND PROGRAMS. CDM PUBLISHED SOCIAL STORIES, MADE SENSORY ACCOMODATING MATERIALS AVAILABLE TO GUESTS, AND PROVIDED PROGRAMS SUCH AS FREE SENSORY FRIENDLY NIGHTS. THE MUSEUM ALSO HOSTED CLUB DISCOVERY, AN INCLUSIVE AFTER-SCHOOL PROGRAM DESIGNED TO PROVIDE A FRAMEWORK TO EXPLORE THE WORLD IN A SAFE ENVIRONMENT FOR CHILDREN WITH AND WITHOUT SPECIAL NEEDS, AND FRIENDS DISCOVERY CAMP, A SUMMER CAMP SIMILAR TO CLUB DISCOVERY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $5,289,033 | $6,266,199 | -0.2% |
| Expenses | $5,887,534 | $4,441,400 | +0.3% |
| Net Income | $-598,501 | $1,824,799 | -1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| HENRY SCHULSON | FORMER CEO | 040.00 |
Officer
|
$153,407 | $7,879 | $161,286 |
| TIM SEARS | CEO | 040.00 |
Officer
|
$20,909 | $750 | $21,659 |
| TAYLOR VINSON | BOARD CHAIR | 008.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTIE BURBANK | SECRETARY | 004.00 |
Officer
Director
|
$0 | $0 | $0 |
| TREY WHITE | TREASURER | 004.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS BARNES | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| WAYNE BROWN | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| BETSY CAKE | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| MICKEY CLOUD | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| LISA CONNOR | TRUSTEE | 002.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARIO DUARTE | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| JAY HILL | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| BAILEY HOWARD | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| PATRICK KEEGAN | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| CHRIS RENEAU | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| JACK SILBERMAN | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| PATRICK STOWE | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| CAITLIN STUDER | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| DORI WALLER | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL WALTON | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| KRISTIN WATTS | TRUSTEE | 002.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $5,289,033 | $5,887,534 | $25,077,546 | $-598,501 |
| 2022 | $6,266,199 | $4,441,400 | $25,252,992 | $1,824,799 |
| 2021 | $5,712,908 | $3,477,227 | $21,187,184 | $2,235,681 |
| 2020 | $5,019,548 | $3,555,864 | $18,457,640 | $1,463,684 |
| 2019 | $7,436,994 | $4,387,871 | $15,889,084 | $3,049,123 |
Compare CREATIVE DISCOVERY MUSEUM with other nonprofits in Tennessee and across the country.