CRUDEM FOUNDATION 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

1993

Legal Domicile

Principal Officer

Mike Maron

Phone

4136420450

Tax Period

2024-01-01 to 2024-12-31

CRUDEM FOUNDATION INC, founded in 1993, is a community nonprofit in the International Affairs sector that reported $3.7M in total revenue in fiscal year 2024.

Mission

The Organizations mission is to improve access to health care services for the poor and medically underserved individuals worldwide including without limitation Hopital Sacre Coeur located in Milot Haiti.

Program Service Accomplishments

Program 1

Expenses: $3,471,017 Revenue: $0

HOSPITAL GIVINGS: Funding of principal hospital operating costs including items such as utilities general supplies personnel expenses facility and equipment maintenance etc.

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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 $3,689,549

Program Service Revenue $0

Investment Income $7,947

Other Revenue $0

TOTAL REVENUE $3,697,496

Expense Breakdown

Grants Paid $3,126,546

Salaries & Benefits $387,181

Fundraising Expenses $192,460

Program Expenses $3,471,017

Other Expenses $236,179

TOTAL EXPENSES $3,749,906

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,697,496	$3,580,986	+0.0%
Expenses	$3,749,906	$3,545,766	+0.1%
Net Income	$-52,410	$35,220	-2.5%

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

Total Directors

Key Employees

$134,901

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David G Butler	Chairman	2.00	Officer Director	$0	$0	$0
William Guyol MD	Vice Chairman	2.00	Officer Director	$0	$0	$0
Michael Maron	President	2.00	Officer Director	$0	$0	$0
Marjorie Brennan MD	Director	2.00	Director	$0	$0	$0
Michael Canarie MD	Director	2.00	Director	$0	$0	$0
Timothy Finley DO	Director	2.00	Director	$0	$0	$0
Sr Louise Gallahue DC	Director	2.00	Director	$0	$0	$0
Joseph Kannam MD	Director	2.00	Director	$0	$0	$0
John Lovejoy MD	Director	2.00	Director	$0	$0	$0
Thomas Schlafly Esq	Director	2.00	Director	$0	$0	$0
Thomas Schlafly Esq	Director	2.00	Director	$0	$0	$0
Joni Paterson	Executive Director	40.00	Key Emp Highest	$86,901	$0	$134,901

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	$3,697,496	$3,749,906	$1,362,641	$-52,410
2024	$3,697,496	$3,749,906	$1,362,641	$-52,410
2023	$3,580,986	$3,545,766	$1,380,665	$35,220
2022	$1,732,470	$4,607,690	$1,221,211	$-2,875,220
2021	$1,917,084	$3,722,628	$1,015,654	$-1,805,544
2020	$1,568,441	$2,903,111	$593,241	$-1,334,670