TRANSFORMING CREATIVES INC (EIN 824053553) - 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

2018

Legal Domicile

Principal Officer

Linda Maikowski

Phone

7204531444

Tax Period

2022-01-01 to 2022-12-31

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.

Mission

The organization provides educational workshops and events, as well as space to create and work for artists, creative entrepreneurs, and small nonprofits. 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.

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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 (2022)

Revenue Breakdown

Contributions & Grants $74,434

Program Service Revenue $124,925

Investment Income $0

Other Revenue $0

TOTAL REVENUE $199,359

Expense Breakdown

Grants Paid $725

Salaries & Benefits $104,646

Fundraising Expenses $12,651

Program Expenses $212,054

Other Expenses $134,319

TOTAL EXPENSES $239,690

Year-over-Year Comparison

	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%

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

Total Directors

Key Employees

$73,500

Highest Compensated

reported

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

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	$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

TRANSFORMING CREATIVES INC