CHAMPS HEART INC (EIN 371939190) - 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

2019

Principal Officer

LARRY CUDMORE

Phone

2085894082

Tax Period

2024-01-01 to 2024-12-31

CHAMPS HEART INC, founded in 2019, is a small nonprofit in the Health Care sector that reported $522K in total revenue in fiscal year 2024. The organization ran a surplus of $124K, a strong 24% operating margin.

Mission

CHAMP'S HEART IS AN EQUINE-BASED MINISTRY OFFERING CHILDREN WITH LIMITED ABILITIES, VETERANS OF WAR, AND THEIR FAMILIES THE OPPORTUNITY TO FEEL SAFE WHILE CONNECTING WITH HORSES, AND EXPERIENCE WELL-BEING AND INDEPENDENCE IN A WELCOMING ENVIRONMENT.

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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 $513,793

Program Service Revenue $8,527

Investment Income $0

Other Revenue $0

TOTAL REVENUE $522,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,791

Fundraising Expenses $18,070

Program Expenses $335,525

Other Expenses $359,615

TOTAL EXPENSES $398,406

Year-over-Year Comparison

	2024	2023	Change
Revenue	$522,320	$500,077	+0.0%
Expenses	$398,406	$312,352	+0.3%
Net Income	$123,914	$187,725	-0.3%

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

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
LARRY CUDMORE	President	1.00	Officer Director	$0	$0	$0
TYSON BINGHAM	Treasurer	1.00	Officer Director	$0	$0	$0
RON WARNECKE	Vice President	1.00	Officer Director	$0	$0	$0
SALLY GRIFFEL	Secretary	1.00	Officer Director	$0	$0	$0
RENEE BOWSER	OPS DIRECTOR	1.00	Director	$0	$0	$0
LAMOYNE HYDE	FINANCE DIRECTR	1.00	Director	$0	$0	$0
TOM ZAHN	PROP MANAGER	1.00	Director	$0	$0	$0
JORDAN ANDERSON	MARKETING DIREC	1.00	Director	$0	$0	$0
LORI JOHNSON	EVENTS COORDINA	1.00	Director	$0	$0	$0
DREW BEASLEY	CAMPAIGN DIRECT	1.00	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	$522,320	$398,406	$835,271	$123,914
2023	$500,077	$312,352	$1,420,906	$187,725
2022	$453,385	$292,957	$1,362,503	$160,428
2021	$267,092	$121,341	$1,210,029	$145,751

CHAMPS HEART INC