CONOVER, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CRASS FOUNDATION INC, founded in 2016, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $5K in total revenue in fiscal year 2021. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $21K exceeded revenue, resulting in a 323% operating deficit.
THE CORPORATION SHALL BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLEAND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THEINTERNAL REVENUE CODE OF 1986, AS NOW ENACTED OR HEREAFTER AMENDED. ALL FUNDS, WHETHER ACQUIRED BY GIFT, CONTRIBUTION, OR OTHERWISE, SHALL BEDEVOTED TO SAID PURPOSE.
CRASS FOUNDATION INC ANTICIPATES TWO DISTINCT STAGES OF OPERATIONS. THE FIRST STAGE IS THE ACCUMULATION PHASE, WHERE THE ENTITY RECEIVES DONATED FUNDS AND PRIMARILY UTILIZES SUCH FUNDS TO INVEST AND...
CRASS FOUNDATION INC ANTICIPATES TWO DISTINCT STAGES OF OPERATIONS. THE FIRST STAGE IS THE ACCUMULATION PHASE, WHERE THE ENTITY RECEIVES DONATED FUNDS AND PRIMARILY UTILIZES SUCH FUNDS TO INVEST AND GROW THE ASSETS OF THE ENTITY FOR IT TO HAVE A PERMANENT ENDOWMENT TO FUND SUPPORTING ORGANIZATIONS. DURING THIS PHASE, WHICH IS ANTICIPATED TO LAST 5 YEARS, THE ENTITY ANTICIPATES DISBURSING NO MORE THAN 5% OF ITS TOTAL ASSETS ANNUALLY TO ORGANIZATIONS THAT PERFORM CHARITABLE AND EDUCATIONAL SERVICES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2021 | 2020 | Change | |
|---|---|---|---|
| Revenue | $4,891 | $53,326 | -0.9% |
| Expenses | $20,700 | $3,720 | +4.6% |
| Net Income | $-15,809 | $49,606 | -1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NATHAN HEARNS | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| SHEA MCCONAHAY | DIRECTOR | 0.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN CRASS | PRESIDENT | 0.00 |
Officer
|
$0 | $0 | $0 |
| DARLA CRASS | VICE PRESIDENT | 0.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $4,891 | $20,700 | $621,346 | $-15,809 |
| 2020 | $53,326 | $3,720 | $636,943 | $49,606 |
| 2019 | $202,547 | $13,160 | $589,585 | $189,387 |
| 2018 | $-3,169 | No data | $399,656 | No data |
Compare CRASS FOUNDATION INC with other nonprofits in North Carolina and across the country.