CROSSNORE SCHOOL CHILDRENS FOUNDATION

EIN: 352454917 501(c)(3) Education

CROSSNORE, NC

Total Revenue
$841,429
Total Expenses
$1,822,016
Total Assets
$40,588,087
Net Assets
$40,588,087
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NC
Principal Officer
BRETT LOFTIS
Phone
8287334305
Tax Period
2023-10-01 to 2024-09-30

CROSSNORE SCHOOL CHILDRENS FOUNDATION, founded in 2012, is a small nonprofit in the Education sector that reported $841K in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 117% operating deficit.

Mission

SUPPORTING THE ACTIVITIES OF CROSSNORE COMMUNITIES FOR CHILDREN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $841,429
Other Revenue $0
TOTAL REVENUE $841,429

Expense Breakdown

Grants Paid $1,711,126
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,711,126
Other Expenses $110,890
TOTAL EXPENSES $1,822,016

Year-over-Year Comparison

2023 2022 Change
Revenue $841,429 $4,510,488 -0.8%
Expenses $1,822,016 $6,022,832 -0.7%
Net Income $-980,587 $-1,512,344 -0.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
11

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
6
$555,862
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED LAPORTE CHAIR (AS OF 1/2024) 2.00
Officer Director
$0 $0 $0
JONATHAN BLANCO CHAIR (THRU 1/23) VICE CHAIR (AS OF 1/24) 4.00
Officer Director
$0 $0 $0
RUSH DICKSON SECRETARY/TREASURER (AS OF 1/2024) 0.00
Officer Director
$0 $0 $0
DAVID RIGGINS SECRETARY/TREASURER (THRU 12/2023) 5.00
Officer Director
$0 $0 $0
BICK CARDWELL JR TRUSTEE 2.00
Director
$0 $0 $0
SARIBETH DOZIER TRUSTEE 2.00
Director
$0 $0 $0
CATHY FIELDS TRUSTEE THRU 1/2024 2.00
Director
$0 $0 $0
KELLY GRAVES TRUSTEE 2.00
Director
$0 $0 $0
CHARLES O IZARD TRUSTEE 2.00
Director
$0 $0 $0
TED LAPORTE TRUSTEE 2.00
Director
$0 $0 $0
KATHERYN NORTHINGTON TRUSTEE 2.00
Director
$0 $0 $0
TRACI ROYSTER TRUSTEE (AS OF 1/2024) 2.00
Director
$0 $0 $0
VERNER STANLEY TRUSTEE (THRU 1/2024) 0.00
Director
$0 $0 $0
CHIP WILLIAMSON TRUSTEE 0.00
Director
$0 $0 $0
WORTH WILLIAMSON TRUSTEE (THRU 1/2024) 0.00
Director
$0 $0 $0
BRETT LOFTIS CEO 0.25
Officer
$0 $58,496 $359,675
TERESA HUFFMAN CHIEF FINANCE OFFICER 0.25
Officer
$0 $17,925 $196,187
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 $841,429 $1,822,016 $40,588,087 $-980,587
2023 $4,510,488 $6,022,832 $36,029,436 $-1,512,344
2022 No data $10,492,091 $37,541,780 No data
2022 No data $10,492,091 $37,541,780 No data
2021 $6,567,708 $1,337,288 $47,316,199 $5,230,420
2020 $4,096,023 $1,360,005 $43,874,031 $2,736,018
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare CROSSNORE SCHOOL CHILDRENS FOUNDATION with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.