Crossroads Academy

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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

1991

Legal Domicile

Principal Officer

Daniel Morrissey

Phone

6037953111

Tax Period

2024-07-01 to 2025-06-30

Crossroads Academy, founded in 1991, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Net assets of $10.9M represent 35 months of operating reserves.

Mission

Crossroads Academy is an independent coeducational day school focused on teaching the "Core Knowledge and "Core Virtues" curricula. Crossroads Academy is committed to academic excellence and moral integrity, and seeks to inspire students to love learning, act honorably, and contribute to intellectual, cultural and civic life.

Program Service Accomplishments

Program 1

Expenses: $2,631,005 Revenue: $3,008,362

Cultivating a love of learning through our Core Knowledge and Core Virtues Programs, our faculty and staff are skilled guides for every student's educational journey. We are a school that encourages appropriate challenges within an environment filled with joy and passion for learning. Core Knowledge is a body of solid, shared, specific, and sequenced knowledge most essential for literacy in contemporary American society. Core Knowledge consists of the essential concepts and facts in history, literature, geography, mathematics, and science. "Core Virtues" are those traits of character that define human moral goodness. We believe that virtues such as perseverance, intellectual honesty, and intellectual courage are both academic and moral virtues.

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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 $624,620

Program Service Revenue $3,008,362

Investment Income $92,410

Other Revenue $3,000

TOTAL REVENUE $3,728,392

Expense Breakdown

Grants Paid $328,204

Salaries & Benefits $2,469,553

Fundraising Expenses $50,475

Program Expenses $2,631,005

Other Expenses $1,077,182

TOTAL EXPENSES $3,874,939

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,728,392	$3,018,134	+0.2%
Expenses	$3,874,939	$3,712,207	+0.0%
Net Income	$-146,547	$-694,073	-0.8%

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

$223,113

Total Directors