CROOM FOUNDATION

EIN: 832648430 501(c)(3) Youth Development

Tuscaloosa, AL

Total Revenue
$83,510
Total Expenses
$78,653
Total Assets
$4,950
Net Assets
$4,950
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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
AL
Principal Officer
Kevin W Croom
Phone
2054929673
Tax Period
2024-08-01 to 2025-07-31

CROOM FOUNDATION, founded in 2018, is a micro nonprofit in the Youth Development sector that reported $84K in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $79K left a modest 6% surplus.

Mission

The Croom Foundation is committed to equipping youth and teenagers in Alabama and neighboring states with the guidance, education, and resources they need to succeed. Our mission is to close the opportunity gap by offering mentorship, academic support, and community-based programs that foster growth and achievement. We strive to help young people realize their potential, prepare for future success, and develop into strong leaders who contribute positively to their communities.

Program Service Accomplishments

Program 1
Expenses: $33,714 Revenue: $38,572

Officer Kennis Croom Memorial Scholarship awards students an academic scholarship to the college/university of their choice.

Program 2
Expenses: $31,744 Revenue: $35,869

ELITE Program works with high school students as they are prepared for post high school opportunities that center around college/university as well as armed service and workforce jobs.

Program 3
Expenses: $13,195 Revenue: $13,927

Project 180 mentors 5th grade students at a local performing arts school and works with them in the areas of creativity, behavior and attendance.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $62,187
Program Service Revenue $0
Investment Income $0
Other Revenue $21,323
TOTAL REVENUE $83,510

Expense Breakdown

Grants Paid $0
Salaries & Benefits $538
Fundraising Expenses $0
Program Expenses $78,653
Other Expenses $78,115
TOTAL EXPENSES $78,653

Year-over-Year Comparison

2024 2023 Change
Revenue $83,510 $354,938 -0.8%
Expenses $78,653 $355,830 -0.8%
Net Income $4,857 $-892 -6.4%
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

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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
Volunteers
15

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
6
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr Kelvin Croom Board of Directors 30
Director
$0 $0 $0
Tracy Clyde Board of Directors 5
Officer
$0 $0 $0
Sylvester Croom Board of Directors 5
Officer
$0 $0 $0
Dr Tanecia Mitchell Board of Directors 5
Officer
$0 $0 $0
Teresa Bivens Board of Directors 5
Officer
$0 $0 $0
Kevin Croom Executive Director 5
Officer
$0 $0 $0
Hannah Morales Board of Directors 5
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
2025 $83,510 $78,653 $4,950 $4,857
2024 $354,938 $355,830 $93 $-892
2023 $236,916 $243,220 $985 $-6,304
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