CROFT HOUSE INC (EIN 570640593) - 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

1976

Legal Domicile

Principal Officer

KIM RAYFIELD

Phone

8035361056

Tax Period

2024-10-01 to 2025-09-30

CROFT HOUSE INC, founded in 1976, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 8% surplus.

Mission

CROFT HOUSE, INC. (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 60 UNIT COMMUNITY KNOWN AS CROFT HOUSE (THE "PROPERTY") LOCATED IN AIKEN, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS, UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $707,559

Program Service Revenue $378,360

Investment Income $79

Other Revenue $16,972

TOTAL REVENUE $1,102,970

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $731,899

Other Expenses $1,018,134

TOTAL EXPENSES $1,018,134

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,102,970	$1,100,405	+0.0%
Expenses	$1,018,134	$1,138,055	-0.1%
Net Income	$84,836	$-37,650	-3.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM RAYFIELD	PRESIDENT	2.00	Officer Director	$0	$0	$0
PETE GOLDSCHMIDT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD MARK	TREASURER	2.00	Officer Director	$0	$0	$0
TOM MCHENRY	SECRETARY	2.00	Officer Director	$0	$0	$0
BILL HILLAN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN FISHER	DIRECTOR	2.00	Director	$0	$0	$0
DEBORAH CALHOUN	DIRECTOR	2.00	Director	$0	$0	$0
VINCE BRUMFIELD	DIRECTOR	2.00	Director	$0	$0	$0
KAY RAY	DIRECTOR	2.00	Director	$0	$0	$0
TABATHA AMODIO	DIRECTOR	2.00	Director	$0	$0	$0
PAUL SIMONS JR	DIRECTOR	2.00	Director	$0	$0	$0
LORI BETH CHARLTON	DIRECTOR	2.00	Director	$0	$0	$0
DAVID ENGELMAN	DIRECTOR	2.00	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	$1,102,970	$1,018,134	$767,945	$84,836
2024	$1,100,405	$1,138,055	$829,533	$-37,650
2023	$1,046,609	$1,025,417	$879,010	$21,192
2022	$1,029,082	$962,802	$950,141	$66,280
2021	$1,103,612	$932,787	$921,444	$170,825
2020	$995,056	$905,672	$815,846	$89,384
2019	$965,882	$870,843	$785,108	$95,039
2018	$951,272	$890,321	$776,840	$60,951

CROFT HOUSE INC