K2 CHALLENGE (EIN 260718397) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

PRANAV KALE

Tax Period

2024-04-01 to 2025-03-31

K2 CHALLENGE, founded in 2004, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $265K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $250K left a modest 6% surplus.

Mission

The annual Krispy Kreme Challenge charity race was held on February 3 2024 with all proceeds donated to the UNC Childrens Hospital Childrens Promise Fund.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,593

Program Service Revenue $242,516

Investment Income $0

Other Revenue $8,950

TOTAL REVENUE $265,059

Expense Breakdown

Grants Paid $150,000

Salaries & Benefits $0

Fundraising Expenses $175

Program Expenses $172,219

Other Expenses $100,381

TOTAL EXPENSES $250,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,059	$214,273	+0.2%
Expenses	$250,381	$216,232	+0.2%
Net Income	$14,678	$-1,959	-8.5%

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

200

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
Anna Doggett	Director - Sponsors Logistics Merch	8.00	Director	$0	$0	$0
Pranav Kale	Director - IT Finance Fundraising	8.00	Director	$0	$0	$0
Bri McMillan	Director - PR Logistics Sponsors	8.00	Director	$0	$0	$0
Lottie Parker	Sponsorships Department Leader	8.00	Officer	$0	$0	$0
Harsh Surti	Finance Department Leader	8.00	Officer	$0	$0	$0
Ashlyn Crocker	PR Fundraising Leader	8.00	Officer	$0	$0	$0
Sunida Siphanthone	Merchandise Department Leader	8.00	Officer	$0	$0	$0
Grant Lewison	Information Technology Leader	8.00	Officer	$0	$0	$0
Matthew Peck	Logistics Department Leader	8.00	Officer	$0	$0	$0
Parker Jones	Logistics Department Leader	8.00	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	$265,059	$250,381	$138,828	$14,678
2024	$214,273	$216,232	$124,150	$-1,959
2023	$198,647	$172,215	$126,109	$26,432
2022	$129,521	$79,430	$99,677	$50,091
2021	$169,097	$194,022	$49,586	$-24,925

K2 CHALLENGE