CROSSROADS INDUSTRIES INC (EIN 382003803) - Form 990 Financial Analysis & Trantor Score

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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

1972

Legal Domicile

Principal Officer

FRANCES DAMOTH BIGELOW

Phone

9897321233

Tax Period

2024-10-01 to 2025-09-30

CROSSROADS INDUSTRIES INC, founded in 1972, is a small nonprofit in the Employment sector that reported $670K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $823K exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDES OPPORTUNITIES FOR EMPLOYMENT AND SOCIAL INDEPENDENCE. CROSSROADS OFFERS EMPLOYABILITY TRAINING AND SKILL BUILDING SERVICES TO HELP PEOPLE WITH DISABILITIES DEVELOP AND ENHANCE JOB SKILLS NECESSARY TO FIND AND MAINTAIN A JOB IN THE COMMUNITY.

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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 $442,916

Program Service Revenue $0

Investment Income $0

Other Revenue $226,613

TOTAL REVENUE $669,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $586,943

Fundraising Expenses $0

Program Expenses $749,673

Other Expenses $236,429

TOTAL EXPENSES $823,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$669,529	$766,841	-0.1%
Expenses	$823,372	$863,750	0.0%
Net Income	$-153,843	$-96,909	+0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA TASKEY	CHAIRMAN	1.00	Director	$0	$0	$0
MELISSA WILKE	DIRECTOR	1.00	Director	$0	$0	$0
LARISSA WALTMAN	SECRETARY	1.00	Director	$0	$0	$0
DARIN PHILPORT	DIRECTOR	1.00	Director	$0	$0	$0

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	$669,529	$823,372	$298,846	$-153,843
2024	$766,841	$863,750	$434,189	$-96,909
2023	$963,300	$915,621	$548,119	$47,679
2022	$917,993	$845,986	$514,421	$72,007
2021	$909,519	$756,567	$428,756	$152,952
2020	$473,405	$479,932	$335,200	$-6,527
2019	$604,757	$576,345	$384,447	$28,412
2018	$488,705	$676,250	$207,120	$-187,545

CROSSROADS INDUSTRIES INC