CROSSROADS RURAL ENTREPRENEURIAL I… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

PERRY HUGHES

Phone

2762360391

Tax Period

2023-07-01 to 2024-06-30

CROSSROADS RURAL ENTREPRENEURIAL INSTITUTE INC, founded in 2001, is a small nonprofit in the Education sector that reported $576K in total revenue in fiscal year 2023. Expenses of $743K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO CONTRIBUTE TO THE REVITALIZATION OF THE REGION'S ECONOMY AND OFFER A BRIGHTER FURTURE FOR OUR CITIZEN'S THROUGH AN INNOVATIVE CENTER FOR EDUCATIONAL AND ECONOMIC DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $579,474 Revenue: $496,159

IMPROVE THE LIVES OF PEOPLE IN SOUTHWEST VIRGINIA BY PROVIDING AN INNOVATIVE STATE OF THE ART ECONOMIC DEVELOPMENT ENGINE COUPLING EDUCATION WITH ECONOMIC POTENTIAL OF 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 (2023)

Revenue Breakdown

Contributions & Grants $77,800

Program Service Revenue $496,159

Investment Income $865

Other Revenue $895

TOTAL REVENUE $575,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,948

Fundraising Expenses $0

Program Expenses $579,474

Other Expenses $609,775

TOTAL EXPENSES $742,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$575,719	$599,756	0.0%
Expenses	$742,723	$771,569	0.0%
Net Income	$-167,004	$-171,813	0.0%

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
KENNETH BELTON	CHAIR	1.00	Officer Director	$0	$0	$0
STEVE BOYER	MEMBER	1.00	Director	$0	$0	$0
MARK BURNETTE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CMMITCHELL	MEMBER	1.00	Director	$0	$0	$0
WILLIE GREENE	MEMBER	1.00	Director	$0	$0	$0
REX HILL	MEMBER	1.00	Director	$0	$0	$0
PERRY HUGHES	EXECUTIVE DI	25.00	Director	$0	$0	$0
MICHAEL LAWSON	MEMBER	1.00	Director	$0	$0	$0
DEAN SPRINKLE	MEMBER	1.00	Director	$0	$0	$0
SUSAN TILLEY	MEMBER	1.00	Director	$0	$0	$0
MICHAEL WATSON	MEMBER	1.00	Director	$0	$0	$0
GREGORY WEBB	MEMBER	1.00	Director	$0	$0	$0
KELLY WILMORE	MEMBER	1.00	Director	$0	$0	$0
DEBORAH ALEXANDER	SECRETARY/TR	40.00	Officer	$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	$575,719	$742,723	$3,384,289	$-167,004
2023	$599,756	$771,569	$3,663,333	$-171,813
2022	$642,468	$675,032	$3,833,076	$-32,564
2021	$799,110	$854,114	$3,966,436	$-55,004
2020	$882,747	$998,158	$4,408,560	$-115,411
2019	$624,097	$695,575	$4,180,928	$-71,478

CROSSROADS RURAL ENTREPRENEURIAL INSTITUTE INC