The Joe Martin ALS Foundation

EIN: 260163120 501(c)(3) Diseases & Disorders

Charlotte, NC

Total Revenue
$520,734
Total Expenses
$475,115
Total Assets
$1,014,868
Net Assets
$1,007,651
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NC
Principal Officer
Neil Cottrell
Phone
7043321929
Tax Period
2024-01-01 to 2024-12-31

The Joe Martin ALS Foundation, founded in 2007, is a small nonprofit in the Diseases & Disorders sector that reported $521K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $475K left a modest 9% surplus.

Mission

The purpose of the Foundation is to provide service to individuals living with Amyotrophic Lateral Sclerosis ALS, also called Lou Gehrig's disease, and their families by providing homecare aides who will i assist ALS patients with daily living activities such as getting in and out of bed, eating, showering and dressing for the day ii provide exercise sessions designed to improve blood circulation, reduce swelling, prevent contracture, blood clots and the loss of bone density iii respite care to provide family members of ALS patients the opportunity to attend to their own needs iv train family members and ALS patients to use various equipment and devices designed to enable ALS patients to communicate v loan assistive devices to ALS patients vi provide transportation for ALS patients vii provide ALS patients and their families assistance with travel planning and other activities that become much more difficult when a family member has ALS. The Foundation provides these services without c

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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 $368,871
Program Service Revenue $0
Investment Income $18,766
Other Revenue $133,097
TOTAL REVENUE $520,734

Expense Breakdown

Grants Paid $0
Salaries & Benefits $324,160
Fundraising Expenses $37,894
Program Expenses $336,538
Other Expenses $150,955
TOTAL EXPENSES $475,115

Year-over-Year Comparison

2024 2023 Change
Revenue $520,734 $428,645 +0.2%
Expenses $475,115 $469,143 +0.0%
Net Income $45,619 $-40,498 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
10
Volunteers
67

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
3
$100,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Neil Cottrell President 40.00
Officer
$100,000 $0 $100,000
Sandra Bobbitt Chairman 5.00
Officer Director
$0 $0 $0
Pat Martin Director 5.00
Director
$0 $0 $0
Jennifer Yoxtheimer Director 5.00
Director
$0 $0 $0
Claudia Ramirez Tate Director 5.00
Director
$0 $0 $0
Theresa Kletch Treasurer 5.00
Officer Director
$0 $0 $0
Sara Slone Director 5.00
Director
$0 $0 $0
Robbie Howell Director 5.00
Director
$0 $0 $0
Aaron Putnam Director 5.00
Director
$0 $0 $0
Greg Burson Director 5.00
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 $520,734 $475,115 $1,014,868 $45,619
2024 $520,734 $475,115 $1,014,868 $45,619
2023 $428,645 $469,143 $893,299 $-40,498
2022 $451,741 $442,297 $852,397 $9,444
2021 $475,327 $342,699 $970,613 $132,628
2020 $638,836 $289,351 $832,700 $349,485
2019 $334,413 $283,952 $393,457 $50,461
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