CADE CREATIVITY LABS 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

2016

Legal Domicile

Principal Officer

BRADLEY GAMBLE

Phone

3523718001

Tax Period

2023-01-01 to 2023-12-31

CADE CREATIVITY LABS INC, founded in 2016, is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2023. Revenue surged 415% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.0M, a strong 74% operating margin.

Mission

TO TRANSFORM COMMUNITIES BY INSPIRING AND EQUIPPING FUTURE INVENTORS, ENTREPRENEURS AND VISIONARIES BY OPERATION OF THE CADE MUSEUM FOR CREATIVITY AND INVENTION ("THE MUSEUM"). THE MUSEUM OPENED TO THE PUBLIC IN MAY 2018 AND FEATURES BOTH PERMANENT AND TEMPORARY EXHIBITS WHERE INTERACTIVE MODULES AND KIOSKS ARE USED AS TEACHING TOOLS TO REINFORCE WHAT VISITORS CAN SEE, LEARN AND DO. THE MUSEUM ALSO CONDUCTS FIELD TRIPS, CAMPS AND CLASSES TO FURTHER ENHANCE THE LEARNING EXPERIENCE AT THE MUSEUM.

Program Service Accomplishments

Program 1

Expenses: $2,457,274 Revenue: $834,191

OPERATION AND MAINTENANCE OF A MUSEUM FEATURING EXHIBITS FOCUSING ON INVENTION, CREATIVITY AND INNOVATION. THE MUSEUM FEATURES BOTH PERMANENT AND TEMPORARY EXHIBITS WHERE INTERACTIVE MODULES AND...

OPERATION AND MAINTENANCE OF A MUSEUM FEATURING EXHIBITS FOCUSING ON INVENTION, CREATIVITY AND INNOVATION. THE MUSEUM FEATURES BOTH PERMANENT AND TEMPORARY EXHIBITS WHERE INTERACTIVE MODULES AND KIOSKS ARE USED AS TEACHING TOOLS TO REINFORCE WHAT VISITORS CAN SEE, LEARN AND DO.

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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 $1,724,898

Program Service Revenue $834,191

Investment Income $97

Other Revenue $9,697,964

TOTAL REVENUE $12,257,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,680,290

Fundraising Expenses $138,903

Program Expenses $2,457,274

Other Expenses $1,560,265

TOTAL EXPENSES $3,240,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,257,150	$2,377,757	+4.2%
Expenses	$3,240,555	$2,737,783	+0.2%
Net Income	$9,016,595	$-360,026	-26.0%

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

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

$229,195

Total Directors

$139,520

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNA OSTAS	CHIEF OPERATING OFFICER	40.00	Officer Director	$106,602	$0	$106,602
STEPHANIE BAILES THRU 32023	EXECUTIVE DIRECTOR/PRESIDE	30.00	Officer Director	$32,918	$0	$32,918
SCOTT BANKS	DIRECTOR	1.00	Director	$0	$0	$0
GREG BRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DIVIRGILIO	DIRECTOR	1.00	Director	$0	$0	$0
CAROL ANN DYKES LOGUE	DIRECTOR	1.00	Director	$0	$0	$0
JAY FANT	DIRECTOR	1.00	Director	$0	$0	$0
WEAVER GAINES	DIRECTOR	1.00	Director	$0	$0	$0
MARTI HANCOCK	DIRECTOR	1.00	Director	$0	$0	$0
GIL LEVY	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MILES	DIRECTOR	1.00	Director	$0	$0	$0
PHOEBE MILES	DIRECTOR	1.00	Director	$0	$0	$0
GARY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SOHL	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE STRAPPY	DIRECTOR	1.00	Director	$0	$0	$0
RHYS WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP WAITE	CHIEF FINANCIAL OFFICER	35.00	Officer	$89,675	$0	$89,675

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	No data	No data	No data	No data
2023	$12,257,150	$3,240,555	$11,293,171	$9,016,595
2022	$2,377,757	$2,737,783	$11,766,281	$-360,026
2021	$2,474,598	$2,682,706	$12,320,065	$-208,108
2020	$1,907,170	$2,486,375	$12,282,539	$-579,205
2019	$2,130,479	$2,549,375	$12,580,510	$-418,896
2018	$1,912,919	$1,946,349	$13,008,791	$-33,430