THE CHAMP FOUNDATION

EIN: 475555752 501(c)(3) Medical Research

DURHAM, NC

Total Revenue
$73,758
Total Expenses
$130,332
Total Assets
$244,742
Net Assets
$244,742
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NC
Principal Officer
JEFFREY REYNOLDS
Phone
7278712667
Tax Period
2024-01-01 to 2024-12-31

THE CHAMP FOUNDATION, founded in 2015, is a micro nonprofit in the Medical Research sector that reported $74K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $130K exceeded revenue, resulting in a 77% operating deficit.

Mission

The Champ Foundation supports research toward better treatments and a cure for diseases casued by mitochondrial DNA deletions, such as Pearson syndrome. These diseases are rare. For example, there have only been around 100 reported cases of Pearson syndrome.

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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 $73,275
Program Service Revenue $0
Investment Income $483
Other Revenue $0
TOTAL REVENUE $73,758

Expense Breakdown

Grants Paid $104,205
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $127,953
Other Expenses $26,127
TOTAL EXPENSES $130,332

Year-over-Year Comparison

2024 2023 Change
Revenue $73,758 $120,628 -0.4%
Expenses $130,332 $338,317 -0.6%
Net Income $-56,574 $-217,689 -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
5
Independent Members
5
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
4
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Walker Cole Arledge Board Member 1.00
Director
$0 $0 $0
Jeffrey Reynolds President 5.00
Officer
$0 $0 $0
Elizabeth Reynolds Vice President 10.00
Officer
$0 $0 $0
Elizabeth Haviland Secretary 1.00
Officer
$0 $0 $0
Tyler Albright Treasurer 1.00
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
2024 $73,758 $130,332 $244,742 $-56,574
2023 $120,628 $338,317 $301,316 $-217,689
2022 $473,565 $385,956 $519,005 $87,609
2021 $187,225 $218,665 $431,396 $-31,440
2020 $636,554 $255,547 $467,336 $381,007
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