CREARTE INC (EIN 660585251) - 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

2000

Phone

7879204616

Tax Period

2023-08-01 to 2024-07-31

CREARTE INC, founded in 2000, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2023.

Mission

The organization is engaged in promoting the social and educational development of economic disadvantaged youths and children from 2 months to 21 years through four programs: "Escuelas Alternativa", "Programa Vespertino", "Centro de Desarrollo Intregral" & "Servicios

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,815,135

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,815,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,378,397

Fundraising Expenses $0

Other Expenses $390,157

TOTAL EXPENSES $1,768,554

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,815,135	N/A	N/A
Expenses	$1,768,554	N/A	N/A
Net Income	$46,581	$0	N/A

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

N/A

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
Federico Calaf Legrand	President	5	Officer Director	$0	$0	$0
David Vergel De Miranda	Officer	5	Officer Director	$0	$0	$0
Francisco Perez Corujo	Officer	5	Officer Director	$0	$0	$0
Richard Reiss Huyke	Officer	5	Officer Director	$0	$0	$0
Alan Cohen Shoreman	Officer	5	Officer Director	$0	$0	$0
Alma Rodriguez Nieves	Officer	5	Officer Director	$0	$0	$0
Jose Resto Torres	Officer	5	Officer Director	$0	$0	$0
Licela Medina Rosado	Officer	5	Director	$0	$0	$0
Angel E Caban Vazquez	Officer	5	Director	$0	$0	$0
Nilsa Class Miranda	Officer	5	Director	$0	$0	$0
Jose Marchand Sifre	Officer	5	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
2024	$1,815,135	$1,768,554	$475,403	$46,581
2023	$957,259	$954,837	$150,553	$2,422
2022	$1,225,226	$1,221,014	$386,158	$4,212
2021	$972,875	$897,033	$544,826	$75,842

CREARTE INC