CREATE Community Studios (EIN 821094458) - 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

5183489290

Tax Period

2024-01-01 to 2024-12-31

CREATE Community Studios, founded in 2017, is a small nonprofit that reported $510K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $439K left a modest 14% surplus.

Mission

C.R.E.A.T.E. Community Studios is dedicated to providing a space where the benefits of art-making impact both the individual and the community as a whole. We offer low-cost art workshops and groups, community wellness activities, and open studios to promote art-making and the creative process as a vehicle for personal growth, communication and social change.

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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 $221,887

Program Service Revenue $288,166

Investment Income $10

Other Revenue $0

TOTAL REVENUE $510,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $230,800

Fundraising Expenses $24,234

Program Expenses $381,207

Other Expenses $208,405

TOTAL EXPENSES $439,205

Year-over-Year Comparison

	2024	2023	Change
Revenue	$510,063	$386,213	+0.3%
Expenses	$439,205	$356,817	+0.2%
Net Income	$70,858	$29,396	+1.4%

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

$47,840

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heather Hutchison	Executive Dir.	40.00	Officer	$47,840	$0	$47,840
Melanie Puorto Conte	President	1.00	Officer Director	$0	$0	$0
Jerrilynn Matthews	Vice President	1.00	Officer Director	$0	$0	$0
Julie Betts	Secretary	1.00	Officer Director	$0	$0	$0
Tambra Estill	Treasurer	1.00	Officer Director	$0	$0	$0
Jennifer Horn	Past-President	0.50	Director	$0	$0	$0
Kimberly Banker Jefferson	Member	0.50	Director	$0	$0	$0
Epiphany McGee	Member	0.50	Director	$0	$0	$0
Ariel White	Member	0.50	Director	$0	$0	$0
Danielle Everetts	Member	0.50	Director	$0	$0	$0
Rachel Bergren	Member	0.50	Director	$0	$0	$0
ObaRoEne Otitigbe	Member	0.50	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	$510,063	$439,205	$197,363	$70,858
2023	$386,213	$356,817	$142,296	$29,396
2022	$313,966	$275,940	$92,044	$38,026
2022	$269,060	$271,426	$18,361	$-2,366

CREATE Community Studios