Reemprise Fund (EIN 884417186) - 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

2023

Legal Domicile

Principal Officer

Kelly Brooks

Phone

7047378889

Tax Period

2024-01-01 to 2024-12-31

Reemprise Fund, founded in 2023, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $82K in total revenue in fiscal year 2024. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $502K exceeded revenue, resulting in a 511% operating deficit.

Mission

We combine a relationship-focused approach with the strategic investment mindset of venture capital. We find and support high-potential, early-stage nonprofits/leaders who create meaningful change within historically marginalized communities in Charlotte. Our three-year partnerships are focused on building business capability for long-term sustainability and amplified ingenuity. Our approach is holistic, going all-in with our partners, combining business expertise, social capital and unrestricted funding. We also offer one-time grants, which are our votes of confidence, in early stage organizations that show ingenuity and promise for meaningful human impact.

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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 $573

Program Service Revenue $0

Investment Income $81,621

Other Revenue $0

TOTAL REVENUE $82,194

Expense Breakdown

Grants Paid $273,000

Salaries & Benefits $192,144

Fundraising Expenses $36,667

Program Expenses $432,249

Other Expenses $36,841

TOTAL EXPENSES $501,985

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,194	$1,468,740	-0.9%
Expenses	$501,985	$248,578	+1.0%
Net Income	$-419,791	$1,220,162	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charlie Elberson	President	1.00	Officer Director	$0	$0	$0
Chrystal R Joy	Treasurer	1.00	Officer Director	$0	$0	$0
Sam L Smith Jr	Secretary	1.00	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
2025	No data	No data	No data	No data
2024	$82,194	$501,985	$800,371	$-419,791
2023	$1,468,740	$248,578	$1,220,162	$1,220,162

Reemprise Fund