Morrison, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TRANSFORMING CREATIVES INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $199K in total revenue in fiscal year 2022. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $240K exceeded revenue, resulting in a 20% operating deficit.
The organization provides educational workshops and events, as well as space to create and work for artists, creative entrepreneurs, and small nonprofits and also micro-grants to creatives in need. This support infrastructure helps individuals and organizations explore and develop their own creative path and be supported in their personal or professional arts and culture work. In doing so, Transforming Creatives helps to deepen the societal impact of the arts while facilitating entrepreneurial growth and nonprofit sustainability in the creative sector.
We provide a support infrastructure of classes and workshops, business expertise, mentoring, counseling, soul care and more to hundreds of local creatives. Our creative incubator, Converge Denver, is...
We provide a support infrastructure of classes and workshops, business expertise, mentoring, counseling, soul care and more to hundreds of local creatives. Our creative incubator, Converge Denver, is home to over 50 filmmakers, photographers, visual artists, designers, journalists, nonprofits, and other super creative humans who are working in community to create a more just, equitable, and flourishing society. These community tenants have shown consistent growth in business, social impact, hiring, outreach, program expansion, and cultural products and events created.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $199,359 | $278,067 | -0.3% |
| Expenses | $239,690 | $260,704 | -0.1% |
| Net Income | $-40,331 | $17,363 | -3.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| John Maikowski | Executive Director | 50 |
Key Emp
|
$73,500 | $0 | $73,500 |
| Linda Maikowski | Board Treasurer | 50 |
Officer
Director
|
$0 | $0 | $0 |
| Brian Brewington | Board Member | 2 |
Director
|
$0 | $0 | $0 |
| Gregory Joseph | Board Member | 2 |
Director
|
$0 | $0 | $0 |
| Sam Noyes | Board President | 2 |
Officer
Director
|
$0 | $0 | $0 |
| William Pierson | Board Member | 2 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $199,359 | $239,690 | $20,519 | $-40,331 |
| 2021 | $278,067 | $260,704 | $68,579 | $17,363 |
| 2020 | $226,828 | $241,733 | $67,515 | $-14,905 |
Compare TRANSFORMING CREATIVES INC with other nonprofits in Colorado and across the country.