24 Foundation Inc

EIN: 203768277 501(c)(3) Diseases & Disorders

Charlotte, NC

Total Revenue
$1,798,504
Total Expenses
$1,279,057
Total Assets
$1,202,070
Net Assets
$770,598
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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
2005
Legal Domicile
NC
Principal Officer
Katherine Anderson Murphy
Phone
7043654417
Tax Period
2023-01-01 to 2023-12-31

24 Foundation Inc, founded in 2005, is a community nonprofit in the Diseases & Disorders sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $519K, a strong 29% operating margin.

Mission

24 FOUNDATION'S VISION IS TO HAVE CANCER NAVIGATION AND SURVIVORSHIP FOR ALL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,593,957
Program Service Revenue $183,355
Investment Income $18,609
Other Revenue $2,583
TOTAL REVENUE $1,798,504

Expense Breakdown

Grants Paid $229,892
Salaries & Benefits $385,532
Fundraising Expenses $112,789
Program Expenses $980,785
Other Expenses $663,633
TOTAL EXPENSES $1,279,057

Year-over-Year Comparison

2023 2022 Change
Revenue $1,798,504 $1,443,342 +0.2%
Expenses $1,279,057 $1,130,784 +0.1%
Net Income $519,447 $312,558 +0.7%
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
16
Independent Members
16
Employees
4
Volunteers
210

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
$118,900
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Katherine Anderson Murphy Executive Dir. 40.00
Officer
$118,900 $0 $118,900
Chasse Bailey-Dorton Past Chair 3.00
Officer Director
$0 $0 $0
Blake Brinkley Director 3.00
Director
$0 $0 $0
Daniel Cottingham Director 3.00
Director
$0 $0 $0
Derek Cornwall Director 3.00
Director
$0 $0 $0
Chad Frk Treasurer 3.00
Officer Director
$0 $0 $0
Wendy Fu Director 3.00
Director
$0 $0 $0
Johan Jooste Director 3.00
Director
$0 $0 $0
Garrett Lucas Director 3.00
Director
$0 $0 $0
Spencer Lueders Founder 3.00
Director
$0 $0 $0
Rick Melville Director 3.00
Director
$0 $0 $0
Brian McKeon Secretary 3.00
Officer Director
$0 $0 $0
Jeffrey Strain Director 3.00
Director
$0 $0 $0
Joe Vogelbacher Vice Chair 3.00
Officer Director
$0 $0 $0
Bob Woods Chair 3.00
Officer Director
$0 $0 $0
Patrick Meadors Director 3.00
Director
$0 $0 $0
Matthew Cameron Vice President 3.00
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
2024 No data No data No data No data
2023 $1,798,504 $1,279,057 $1,202,070 $519,447
2022 $1,443,342 $1,130,784 $1,038,019 $312,558
2021 $1,362,203 $987,101 $1,081,885 $375,102
2020 $1,541,142 $2,700,221 $1,087,815 $-1,159,079
2019 $1,766,354 $1,683,438 $803,693 $82,916
2018 $2,255,145 $1,862,821 $1,076,336 $392,324
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