THE CREAM INCORPORATED

EIN: 823833981 501(c)(3) Youth Development

Inkster, MI

Total Revenue
$668,131
Total Expenses
$667,708
Total Assets
$423
Net Assets
$423
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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
MI
Tax Period
2022-01-01 to 2022-12-31

THE CREAM INCORPORATED, founded in 2017, is a small nonprofit in the Youth Development sector that reported $668K in total revenue in fiscal year 2022. Revenue surged 64% from the prior year, signaling strong growth momentum.

Mission

to provide charitable services and programs that are geared towards moral and financial fortification. This is provided through workshops via video and in person and also through community giveaways.

Program Service Accomplishments

Program 1
Expenses: $101,740

community program- Our community donation program is sponsored by community contributions and revenue from companies owned by the non profit. Funds are used to order truckloads from Good360 and the...

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community program- Our community donation program is sponsored by community contributions and revenue from companies owned by the non profit. Funds are used to order truckloads from Good360 and the products are dispersed at events that we hold in the community.

Program 2
Expenses: $39,230

Business start ups- Our Business start up program has incorporated more than 300 companies for individuals that reside within areas that has been deemed low income an or disadvantaged. These programs...

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Business start ups- Our Business start up program has incorporated more than 300 companies for individuals that reside within areas that has been deemed low income an or disadvantaged. These programs are given remotely via video, but mainly in person, throughout many establishments located in areas that we provide services.

Program 3
Expenses: $23,719

Business and Organizations. This Program has assisted more than 150 individuals this annual year.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $490,942
Program Service Revenue $0
Investment Income $0
Other Revenue $177,189
TOTAL REVENUE $668,131

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $164,689
Other Expenses $667,708
TOTAL EXPENSES $667,708

Year-over-Year Comparison

2022 2021 Change
Revenue $668,131 $407,622 +0.6%
Expenses $667,708 $407,223 +0.6%
Net Income $423 $399 +0.1%
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
joseph claybron officer 25.00
Officer
$0 $0 $0
Tru ajani officer 25.00
Officer
$0 $0 $0
herbert mixon director 5.00
Officer
$0 $0 $0
srikar chiruvari director 10.00
Officer
$0 $0 $0
mwai leonard director 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
2022 $668,131 $667,708 $423 $423
2021 $407,622 $407,223 No data $399
2020 $191,222 $190,486 No data $736
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