CREATIVE MINDS MT INC (EIN 811731108) - 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

2017

Legal Domicile

Phone

4066986898

Tax Period

2023-01-01 to 2023-12-31

CREATIVE MINDS MT INC, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $286K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $331K exceeded revenue, resulting in a 16% operating deficit.

Mission

Support and Promote Local Arts, Music and Cultural Events

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $285,792

TOTAL REVENUE $285,792

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,096

Fundraising Expenses $0

Program Expenses $0

Other Expenses $192,099

TOTAL EXPENSES $331,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,792	$227,167	+0.3%
Expenses	$331,195	$351,268	-0.1%
Net Income	$-45,403	$-124,101	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Duane Sitzman	President	40.00	Officer	$0	$0	$0
Terri Polesky	Vice-President	20.00	Officer	$0	$0	$0
Kyle Polesky	Secretary/Treasurer	10.00	Officer	$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
2023	$285,792	$331,195	$38,935	$-45,403
2022	$227,167	$351,268	$45,456	$-124,101
2021	$199,454	$161,026	$134,425	$38,428
2020	$120,900	$95,202	$92,383	$25,698

CREATIVE MINDS MT INC