CRYSTAL SPRINGS INC

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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

1982

Legal Domicile

Principal Officer

KATHLEEN LOVENBURY

Phone

5086443101

Tax Period

2023-07-01 to 2024-06-30

CRYSTAL SPRINGS INC, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $30.4M in total revenue in fiscal year 2023.

Mission

CRYSTAL SPRINGS, INC. SUPPORTS CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES IN A LOVING, NURTURING ENVIRONMENT THAT PROMOTES HEALTH, SAFETY, DIGNITY, RESPECT AND CHOICE. THROUGH OUR EXCEPTIONAL PROGRAMS AND DEDICATED STAFF, WE PROVIDE SPECIALIZED EDUCATIONAL, THERAPEUTIC AND RESIDENTIAL SERVICES TO EACH PERSON LIVING AND LEARNING WITHIN THE CRYSTAL SPRINGS, INC. COMMUNITY. RECOGNIZING THAT ALL HAVE UNIQUE GIFTS AND THE DESIRE TO ACHIEVE AND CONTRIBUTE TO THEIR WORLD, CRYSTAL SPRINGS, INC. EMBRACES EACH PERSON'S PURSUIT OF GROWTH AND INDEPENDENCE SO THAT ALL MAY REACH THEIR TRUE POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $14,676,259 Revenue: $16,293,726

CHILDREN'S SERVICES: TO FOSTER INCREASED INDEPENDENCE THROUGH 24 HR RESIDENTIAL SUPERVISION AND TRAINING, AND INDIVIDUAL AND SMALL GROUP INSTRUCTION IN BASIC LIVING, SAFETY AND WORK SKILLS. SERVED 44...

Program 2

Expenses: $13,474,152 Revenue: $13,215,106

ADULT SERVICES: SUPPORTS INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN RESIDENTIAL AND DAY HABILITATION SETTINGS TO BE SUCCESSFUL THROUGH THE ACHIEVEMENT OF PERSONALLY MEANINGFUL GOALS AND...

ADULT SERVICES: SUPPORTS INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN RESIDENTIAL AND DAY HABILITATION SETTINGS TO BE SUCCESSFUL THROUGH THE ACHIEVEMENT OF PERSONALLY MEANINGFUL GOALS AND OBJECTIVES. SERVED 51 CLIENTS DURING THE YEAR ENDED JUNE 30, 2024.

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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 (2023)

Revenue Breakdown

Contributions & Grants $493,411

Program Service Revenue $29,505,282

Investment Income $361,092

Other Revenue $25,426

TOTAL REVENUE $30,385,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,934,163

Fundraising Expenses $59,544

Program Expenses $28,150,411

Other Expenses $5,996,607

TOTAL EXPENSES $30,930,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,385,211	$29,606,457	+0.0%
Expenses	$30,930,770	$30,489,938	+0.0%
Net Income	$-545,559	$-883,481	-0.4%

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

557

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

$545,273

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY KELLEHER	CHAIRMAN	1.00	Director	$0	$0	$0
CAROL GORMAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KEHOE	DIRECTOR	1.00	Director	$0	$0	$0
TOM PASTERNAK	DIRECTOR	1.00	Director	$0	$0	$0
KAREN RAPOSA	DIRECTOR	1.00	Director	$0	$0	$0
TYLER CALDER	DIRECTOR	1.00	Director	$0	$0	$0
LEO SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
KATELYN CHAMPINE	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN LOVENBURY	PRES/TREAS/CEO	40.00	Officer	$266,510	$7,415	$273,925
ADAM GRIFFIN	CFO	40.00	Officer	$149,528	$11,235	$160,763
LUCY PACHECO	CLERK/DIR. OF ADMIN	40.00	Officer	$99,224	$11,361	$110,585
NOVENE POWELL	DIR. OF ADULT SVCS	40.00	Highest	$113,063	$718	$113,781
KRISTAL MARSHALL-SHORE	DIR. OF BEHAVIORAL SVCS	40.00	Highest	$109,539	$0	$109,539

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
2025	No data	No data	No data	No data
2024	$30,385,211	$30,930,770	$20,262,976	$-545,559
2023	$29,606,457	$30,489,938	$19,429,322	$-883,481
2022	$30,669,053	$28,607,102	$21,813,841	$2,061,951
2021	$29,541,626	$27,818,472	$24,707,454	$1,723,154
2020	$27,023,720	$26,186,591	$21,342,945	$837,129
2019	$26,032,153	$25,055,652	$20,921,492	$976,501
2018	$24,818,065	$23,998,478	$19,926,746	$819,587