CROMA INC (EIN 811773306) - 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

2016

Legal Domicile

Principal Officer

PATRICE KEEGAN

Phone

6175231691

Tax Period

2024-01-01 to 2024-12-31

CROMA INC, founded in 2016, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $462K in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

CROMA SUPPORTS THE RESTORATION OF BOSTON'S HISTORIC 20 ARLINGTON STREET AS A DYNAMIC AND INCLUSIVE CENTER FOR ARTS, CULTURE, AND COMMUNITY-BUILDING.

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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 $461,347

Program Service Revenue $0

Investment Income $96

Other Revenue $875

TOTAL REVENUE $462,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $10,896

Program Expenses $404,589

Other Expenses $457,133

TOTAL EXPENSES $457,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$462,318	$326,832	+0.4%
Expenses	$457,133	$487,111	-0.1%
Net Income	$5,185	$-160,279	-1.0%

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

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
ELSA MOSQUERA	CHAIR/PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICE KEEGAN	VICE CHAIR/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOSEPH ALEN	SECRETARY/CLERK/MODERATOR	1.00	Officer Director	$0	$0	$0
REV KIM CRAWFORD HARVIE	DIRECTOR	1.00	Director	$0	$0	$0
JON ANDERSEN-MILLER	DIRECTOR	4.00	Director	$0	$0	$0
REV PARISA PARSA	DIRECTOR (AS OF 11/25/24)	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
2024	$462,318	$457,133	$118,582	$5,185
2023	$326,832	$487,111	$152,664	$-160,279
2022	$1,810,021	$1,648,981	$318,419	$161,040

CROMA INC