CROOM FOUNDATION (EIN 832648430) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Kevin W Croom

Phone

2054929673

Tax Period

2024-08-01 to 2025-07-31

CROOM FOUNDATION, founded in 2018, is a small nonprofit in the Youth Development sector that reported $237K in total revenue in fiscal year 2022. Revenue surged 50% from the prior year, signaling strong growth momentum.

Mission

The Croom Foundation is committed to supporting youth and teenagers in Alabama and surrounding states by providing access to education, guidance, and resources. Our mission is to close the opportunity gap by offering mentorship, academic programs, and community initiatives that help young people develop their skills and realize their potential. We work to ensure they are equipped with the tools and opportunities needed to succeed, build meaningful futures, and grow into capable leaders within their communities.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

Governance

Voting Members

Independent Members

N/A

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
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

CROOM FOUNDATION