CrossFit Foundation (EIN 300513015) - 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

2008

Legal Domicile

Principal Officer

Joshua Murphy

Phone

9284934323

Tax Period

2023-01-01 to 2023-12-31

CrossFit Foundation, founded in 2008, is a micro nonprofit in the Public & Societal Benefit sector that reported $23K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $472K exceeded revenue, resulting in a 1916% operating deficit.

Mission

The CrossFit Foundation serves as the charitable arm of CrossFit, LLC. We support the work of CrossFit affiliates and charitable organizations that use CrossFit to serve the needs of their diverse communities.Our work includes support for kids programs in K-12 school districts and underserved communities around the world, veterans organizations, cancer survivors, communities in recovery from substance abuse and addiction, and many others. We also participate in education, advocacy, and development efforts in specific areas related to combating chronic disease.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,630

Program Service Revenue $0

Investment Income $21,783

Other Revenue $0

TOTAL REVENUE $23,413

Expense Breakdown

Grants Paid $365,000

Salaries & Benefits $60,000

Fundraising Expenses $0

Program Expenses $365,000

Other Expenses $47,042

TOTAL EXPENSES $472,042

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,413	$211,549	-0.9%
Expenses	$472,042	$131,641	+2.6%
Net Income	$-448,629	$79,908	-6.6%

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

Employees

N/A

Volunteers

N/A

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joshua Murphy	President/Treas	15.00	Officer Director	$60,000	$0	$60,000
Annette Reavis	Vice President	0.25	Officer Director	$0	$0	$0
Marshall S Brenner	Secretary	0.25	Officer 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
2023	$23,413	$472,042	$1,117,596	$-448,629
2022	$211,549	$131,641	$1,470,545	$79,908
2021	$1,584,247	$199,749	$1,390,637	$1,384,498
2018	$471,449	$415,267	$526,544	$56,182

CrossFit Foundation