CREATIVE MINDS SCHOOL OF ARTS INC

EIN: 844643797 501(c)(3) Education

Tallahassee, FL

Total Revenue
$673,572
Total Expenses
$701,174
Total Assets
$84,936
Net Assets
$-126,129
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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
2020
Legal Domicile
FL
Tax Period
2022-01-01 to 2022-12-31

CREATIVE MINDS SCHOOL OF ARTS INC, founded in 2020, is a small nonprofit in the Education sector that reported $674K in total revenue in fiscal year 2022.

Mission

The organization provides education, character building programs, leadership programs, mentorship,and community and economic development initiatives to distressed communities in the State of Florida.

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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 $390,301
Program Service Revenue $283,271
Investment Income $0
Other Revenue $0
TOTAL REVENUE $673,572

Expense Breakdown

Grants Paid $0
Salaries & Benefits $457,596
Fundraising Expenses $0
Program Expenses $649,523
Other Expenses $243,578
TOTAL EXPENSES $701,174

Year-over-Year Comparison

2022 2021 Change
Revenue $673,572 N/A N/A
Expenses $701,174 N/A N/A
Net Income $-27,602 N/A N/A
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
3
Independent Members
1
Employees
19
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZACKERY PHILLIPS VICE CHAIRMAN 35.00
Officer
$0 $0 $0
TAWANA M PHILLIPS CHAIRMAN 40.00
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 $673,572 $701,174 $84,936 $-27,602
2021 $485,455 $583,453 $70,438 $-97,998
2020 $450,556 $451,085 $162,922 $-529
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