CREATING NEW SCHEMAS

EIN: 852372652 501(c)(3) Human Services

Livonia, MI

Total Revenue
$230,691
Total Expenses
$143,689
Total Assets
$89,027
Net Assets
$87,002
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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
MI
Principal Officer
Renee Kent
Tax Period
2024-01-01 to 2024-12-31

CREATING NEW SCHEMAS, founded in 2020, is a small nonprofit in the Human Services sector that reported $231K in total revenue in fiscal year 2024. The organization ran a surplus of $87K, a strong 38% operating margin.

Mission

To provide the special needs population with opportunities,develop inclusive community recommendations,provide self-improvement & life-skills workshops & to produce and disseminate educational literature that help advance & improve the targeted population overall quality of life.

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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 (2024)

Revenue Breakdown

Contributions & Grants $230,691
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $230,691

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,195
Fundraising Expenses $0
Program Expenses $90,802
Other Expenses $105,494
TOTAL EXPENSES $143,689

Year-over-Year Comparison

2024 2023 Change
Revenue $230,691 N/A N/A
Expenses $143,689 N/A N/A
Net Income $87,002 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
4
Independent Members
1
Employees
2
Volunteers
2

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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kara Woodliff Director 0.00
Director
$0 $0 $0
Michael Oliver Director 0.00
Director
$0 $0 $0
Renee Kent Director 0.00
Director
$0 $0 $0
Lynn Warren Director 0.00
Director
$0 $0 $0
Renee Kent President 0.00
Officer
$0 $0 $0
Lynn Warren Secretary 0.00
Officer
$0 $0 $0
Michael Oliver Treasury 0.00
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
2024 $230,691 $143,689 $89,027 $87,002
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