THE CROSLAND FOUNDATION

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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

2000

Legal Domicile

Principal Officer

DOUGLAS W EY JR

Phone

7049734557

Tax Period

2023-01-01 to 2023-12-31

THE CROSLAND FOUNDATION, founded in 2000, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $90.0M in total revenue in fiscal year 2023. Revenue surged 4483% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88.4M, a strong 98% operating margin.

Mission

THE MISSION OF THE CROSLAND FOUNDATION IS TO CREATE A PERPETUAL CHARITABLE LEGACY THROUGH THE DEVOTION AND APPLICATION OF ITS ASSETS EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF AND TO CARRY OUT THE PURPOSES (CONT ON SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $847,985

SEE EXPLANATION FOR PART III, LINE 1

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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 $89,120,407

Program Service Revenue $0

Investment Income $909,325

Other Revenue $0

TOTAL REVENUE $90,029,732

Expense Breakdown

Grants Paid $847,985

Salaries & Benefits $4,615

Fundraising Expenses $0

Program Expenses $847,985

Other Expenses $795,472

TOTAL EXPENSES $1,648,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$90,029,732	$1,964,452	+44.8%
Expenses	$1,648,072	$1,349,484	+0.2%
Net Income	$88,381,660	$614,968	+142.7%

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

N/A

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

$277,695

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUNE G RHYNE	TRUSTEE	0.50	Director	$0	$0	$0
JOHN CROSLAND III	TRUSTEE	0.50	Director	$0	$0	$0
JAMES C BURBANK	TRUSTEE	0.50	Director	$0	$0	$0
MARK W MEALY	TRUSTEE	0.50	Director	$0	$0	$0
WILLIAM J SULLIVAN	TRUSTEE	0.50	Director	$0	$0	$0
DR HUNTER DYER	TRUSTEE	0.50	Director	$0	$0	$0
JAMIE MCLAWHORN	TRUSTEE	0.50	Director	$0	$0	$0
DOUGLAS W EY JR	TRUSTEE	0.50	Director	$0	$0	$0
ROBERT E MASON IV	TRUSTEE	0.50	Director	$0	$0	$0
COURTAULD YOUNG	TRUSTEE	0.50	Director	$4,500	$0	$4,500
ELIZABETH KISER	TRUSTEE	0.50	Director	$0	$57,648	$273,195

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	$90,029,732	$1,648,072	$116,211,176	$88,381,660
2022	$1,964,452	$1,349,484	$16,720,151	$614,968
2021	$445,294	$1,275,707	$18,933,188	$-830,413
2020	$10,131,868	$746,777	$17,493,571	$9,385,091