THE FREDERICK T CROSBY EDUCATION FO (EIN 823374760) - 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

2018

Legal Domicile

Principal Officer

EDWARD G PERKINS

Phone

8603913970

Tax Period

2024-07-01 to 2025-06-30

THE FREDERICK T CROSBY EDUCATION FO, founded in 2018, is a small nonprofit in the Education sector that reported $162K in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $344K exceeded revenue, resulting in a 112% operating deficit.

Mission

THE PRIMARY EXEMPT PURPOSE IS TO SUPPORT THE CROSBY FUND FOR HAITIAN EDUCATION, INC.

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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 $0

Program Service Revenue $0

Investment Income $162,185

Other Revenue $0

TOTAL REVENUE $162,185

Expense Breakdown

Grants Paid $315,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $315,000

Other Expenses $28,603

TOTAL EXPENSES $343,603

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,185	$519,653	-0.7%
Expenses	$343,603	$322,670	+0.1%
Net Income	$-181,418	$196,983	-1.9%

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
NEWTON PS MERRILL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE W ANDERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
NICHOLAS CLEMENTS	TREASURER	1.00	Officer Director	$0	$0	$0
FREDRICK T CROSBY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
EDWARD G PERKINS	PRESIDENT	1.00	Officer 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	$162,185	$343,603	$7,169,864	$-181,418
2024	$519,653	$322,670	$6,721,844	$196,983
2023	$205,472	$323,110	$6,267,772	$-117,638
2022	$268,846	$392,381	$5,966,226	$-123,535
2021	$185,714	$329,780	$7,269,278	$-144,066
2020	$126,374	$265,668	$6,122,126	$-139,294
2019	$6,171,240	$262,577	$6,083,428	$5,908,663

THE FREDERICK T CROSBY EDUCATION FO