Crosswater Canyon Inc

Nonprofit profile at a glance

EIN
274026852
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Hebron, KY, USA
Phone
8597272222
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Museum, Museum Activities

Reported finances

Revenue
$74,260,393
Expenses
$62,509,350
Assets
$151,403,759
Liabilities
$69,149,073

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Highest reported compensation

  • SCOTT FETZER (TREASURE/CFO): $185,568 total reported compensation
  • JOHN PENCE (SECRETARY/ C): $149,245 total reported compensation
  • MICHAEL ZOVATH (CHIEF ACTION): $137,395 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To operate for the benefit of, and to support the mission and purposes of, answers in genesis, inc.

What it reported doing in 2024

Ark encounter - biblically themed attraction, located in williamstown Kentucky, opened to the general public on an admissions fee basis july 7, 2016.

Operating model

Revenue model
Earned-program. 93% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 70
  • Accountability: 100
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.2%; rating input score 64
  • Program expense ratio: 70.1%; rating input score 70
  • Fundraising efficiency: $2.43 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 15.8%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 2.42; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.46; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 0.1%; rating input score 93; 93rd percentile among comparable filings

Growth

  • Program expense growth: 11.9% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 13.4% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 9.5% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 64.2% of revenue deployed · 70.1% of spending went to programs
  • Governance: 4 of 4 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $43.8M in reported program spending
  • Leadership: top reported pay $186K · 7 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $18.1M reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 7/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.