CROATAN INSTITUTE (EIN 463673347) - 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

2013

Legal Domicile

Principal Officer

JOSHUA HUMPHREYS

Phone

9197947440

Tax Period

2023-01-01 to 2023-12-31

CROATAN INSTITUTE, founded in 2013, is a community nonprofit in the Environment sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $368K, a strong 18% operating margin.

Mission

TO BUILD SOCIAL EQUITY AND ECOLOGICAL RESILIENCE BY LEVERAGING FINANCE TO CREATE A JUST ECONOMY

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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 $1,672,099

Program Service Revenue $297,805

Investment Income $29,135

Other Revenue $41

TOTAL REVENUE $1,999,080

Expense Breakdown

Grants Paid $10,450

Salaries & Benefits $998,353

Fundraising Expenses $86,021

Program Expenses $1,205,791

Other Expenses $557,577

TOTAL EXPENSES $1,631,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,999,080	$1,384,434	+0.4%
Expenses	$1,631,380	$1,488,612	+0.1%
Net Income	$367,700	$-104,178	-4.5%

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

$313,229

Total Directors

$386,360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA HUMPHREYS	PRESIDENT/CHAIR, SENIOR FELLOW	40.00	Officer Director	$106,713	$7,468	$114,181
CHRISTI ELECTRIS	SECRETARY, SENIOR FELLOW	40.00	Officer Director	$105,955	$3,364	$109,319
SHARLENE BROWN	TREASURER, SENIOR FELLOW	30.00	Officer Director	$83,579	$6,150	$89,729
ANNA ASPENSON	DIRECTOR, SENIOR ASSOCIATE	40.00	Director	$68,295	$4,836	$73,131
ABRAHAM JONES	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
WILLIAM J BARBER III	DIRECTOR	0.30	Director	$0	$0	$0
GERARDO ESPINOZA	DIRECTOR	0.30	Director	$0	$0	$0
MASIKA HENSON	DIRECTOR	0.30	Director	$0	$0	$0
DAVID SAND	DIRECTOR	0.30	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
2024	No data	No data	No data	No data
2023	$1,999,080	$1,631,380	$1,316,658	$367,700
2022	$1,384,434	$1,488,612	$831,046	$-104,178
2021	$818,932	$774,294	$638,090	$44,638
2020	$834,360	$542,178	$531,016	$292,182
2020	$585,197	$496,726	$621,450	$88,471
2019	$212,926	$213,069	$126,367	$-143
2018	$253,306	$222,820	$109,649	$30,486

CROATAN INSTITUTE