Yes, you can create a formula field that contains all the logic of your criteria then returns “Yes” or “No”, or make a checkbox returning True or False as an example. Then use that single formula field to filter on it, such as FormulaField=Yes.

If you need assistance with building formula field or want to discuss process improvement, we have a team of Salesforce consultants at Ramsey Solutions and they charge $175/hour. Let know if you would like to be introduced.