THE CROUCH FOUNDATION (EIN 824608006) - 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

MIKE LAFLEUR

Phone

8063587914

Tax Period

2023-01-01 to 2023-12-31

THE CROUCH FOUNDATION, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $613K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $522K left a modest 15% surplus.

Mission

TO SPONSOR AND SUPPORT THE FINE ARTS IN AMARILLO, TEXAS AND SURROUNDING COUNTIES, INCLUDING THE PANHANDLE ART CENTER; TO OWN AND HOLD PROPERTY, REAL AND PERSONAL, FOR USE IN CONNECTION WITH AND NECESSARILY INDICENT TO THE FOREGOING PURPOSES.

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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 $214,954

Program Service Revenue $73,402

Investment Income $317,073

Other Revenue $7,830

TOTAL REVENUE $613,259

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $475,282

Other Expenses $521,800

TOTAL EXPENSES $521,800

Year-over-Year Comparison

	2023	2022	Change
Revenue	$613,259	$1,691,310	-0.6%
Expenses	$521,800	$636,446	-0.2%
Net Income	$91,459	$1,054,864	-0.9%

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
JANETTE DICKERSON	DIRECTOR	10.00	Director	$0	$0	$0
JELAINE WORKMAN	DIRECTOR	10.00	Director	$0	$0	$0
JUDY WHITELEY	DIRECTOR	10.00	Director	$0	$0	$0
STEVEN DENNY	DIRECTOR	10.00	Director	$0	$0	$0
MIKE LAFLEUR	PRESIDENT	10.00	Officer	$0	$0	$0
TOM PANGER	VICE PRESIDENT	10.00	Officer	$0	$0	$0
RACHAEL FLORES	SECRETARY	10.00	Officer	$0	$0	$0
ASHLEY WARE	TREASURER	10.00	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	No data	No data	No data	No data
2023	$613,259	$521,800	$16,868,711	$91,459
2022	$1,691,310	$636,446	$16,777,940	$1,054,864
2021	$1,397,399	$743,711	$16,850,877	$653,688
2020	$10,911,019	$937,654	$16,199,890	$9,973,365

THE CROUCH FOUNDATION