NEW ERA CREATIVE SPACE INC (EIN 824819356) - 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

RIDVAN IDARA FOXHALL

Phone

9149301777

Tax Period

2024-01-01 to 2024-12-31

NEW ERA CREATIVE SPACE INC, founded in 2018, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $840K, a strong 52% operating margin.

Mission

NEW ERA CREATIVE SPACE INC. (NECS) IS A COMMUNITY-BASED EDUCATIONAL ORGANIZATION WITH THE MISSION TO DEVELOP CREATIVE EDUCATIONAL PROGRAMS THAT ARE INCLUSIVE AND ACCESSIBLE TO ALL, PROMOTE EXCELLENCE, AND EMPOWER YOUTH AND THEIR FAMILIES TO WORK TOWARD THEIR HIGHEST POTENTIAL. WE OFFER CLASSES THAT STIMULATE CURIOSITY AND FOSTER JOY, LOVE OF LEARNING, AND CREATIVE EXPLORATION IN ORDER TO EMPOWER THE NEXT GENERATION OF VISIONARY THINKERS.

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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 $1,527,680

Program Service Revenue $86,998

Investment Income $3,541

Other Revenue $2,102

TOTAL REVENUE $1,620,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $375,643

Fundraising Expenses $80,775

Program Expenses $568,030

Other Expenses $404,753

TOTAL EXPENSES $780,396

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,620,321	$793,995	+1.0%
Expenses	$780,396	$663,692	+0.2%
Net Income	$839,925	$130,303	+5.4%

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

$78,000

Total Directors

$78,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RIDVAN IDARA FOXHALL	EXECUTIVE DI	40.00	Officer Director	$78,000	$0	$78,000
LESLIE FIELDS-CRUZ	SECRETARY	1.25	Officer Director	$0	$0	$0
MARLA RATNER	BOARD MEMBER	0.50	Director	$0	$0	$0
GLENN SMITH	BOARD MEMBER	0.25	Director	$0	$0	$0
RACHEL WIMPEE	PRESIDENT	0.50	Officer Director	$0	$0	$0
RONALD ABAD	TREASURER	0.25	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
2024	$1,620,321	$780,396	$1,755,071	$839,925
2023	$793,995	$663,692	$553,430	$130,303
2022	$669,076	$415,961	$394,521	$253,115
2021	$247,014	$181,426	$151,427	$65,588

NEW ERA CREATIVE SPACE INC