CREATIVE ACADEMY

EIN: 861643111 501(c)(3) Youth Development

atlanta, GA

Total Revenue
$257,500
Total Expenses
$74,400
Total Assets
$86,531
Net Assets
$86,531
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
GA
Principal Officer
Andre DeRamus
Phone
3479064242
Tax Period
2024-01-01 to 2024-12-31

CREATIVE ACADEMY, founded in 2021, is a small nonprofit in the Youth Development sector that reported $258K in total revenue in fiscal year 2024. The organization ran a surplus of $183K, a strong 71% operating margin.

Mission

The Creative Academy is dedicated to teaching, engaging, and preparing economically disadvantaged high school students in the creative arts industries, including Music Production, Photography, and Video Production. Our comprehensive curriculum not only fosters artistic expression but also equips our students with essential skills like financial literacy, computer literacy, and community service. Located in Atlanta, Ga., our organization aims to empower students by providing them with the necessary resources to succeed. The Creative Academy seeks to address these challenges directly by offering a transformative educational experience. By participating in our programs, students not only develop artistic talents but also gain the financial literacy and life skills necessary to thrive in today's world. We firmly believe that by nurturing their creative passions and fostering a sense of community responsibility, we can pave the way for a brighter future for these young individuals.

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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 $252,500
Program Service Revenue $0
Investment Income $0
Other Revenue $5,000
TOTAL REVENUE $257,500

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $30,000
Fundraising Expenses $5,000
Program Expenses $75,000
Other Expenses $19,400
TOTAL EXPENSES $74,400

Year-over-Year Comparison

2024 2023 Change
Revenue $257,500 $252,500 +0.0%
Expenses $74,400 $107,000 -0.3%
Net Income $183,100 $145,500 +0.3%
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

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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
4
Employees
N/A
Volunteers
5

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
0
$0
Total Directors
0
$0
Key Employees
2
$30,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andre DeRamus Executive Director 40.00
Key Emp
$15,000 $0 $15,000
Joffre Lester Director of Brand Partnerships, Film Photography Instructor 40.00
Key Emp
$15,000 $0 $15,000
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 $257,500 $74,400 $86,531 $183,100
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