Dana-Farber Cancer Institute Inc

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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

1951

Legal Domicile

Phone

6176323000

Tax Period

2023-10-01 to 2024-09-30

Dana-Farber Cancer Institute Inc, founded in 1951, is a large national nonprofit in the Medical Research sector that reported $3.5B in total revenue in fiscal year 2023. Expenses of $3.4B left a modest 3% surplus.

Mission

THE MISSION OF DFCI IS TO PROVIDE EXPERT, COMPASSIONATE, AND EQUITABLE CARE TO CHILDREN, ADULTS, AND THEIR FAMILIES, WHILE ADVANCING THE UNDERSTANDING, DIAGNOSIS, TREATMENT, CURE, AND PREVENTION OF CANCER AND RELATED DISEASES. WE TRAIN NEW GENERATIONS OF CLINICIANS AND SCIENTISTS, DISSEMINATE INNOVATIVE PATIENT THERAPIES AND SCIENTIFIC DISCOVERIES AROUND THE WORLD, AND REDUCE THE IMPACT OF CANCER, WHILE AT ALL TIMES MAINTAINING A FOCUS ON THOSE COMMUNITIES THAT HAVE BEEN HISTORICALLY MARGINALIZED.

Program Service Accomplishments

Program 1

Expenses: $2,230,485,829 Revenue: $2,611,491,064

CLINICAL CARE - SEE SCHEDULE O

Program 2

Expenses: $802,568,927 Revenue: $0

RESEARCH - SEE SCHEDULE O

Program 3

Expenses: $43,367,218 Revenue: $0

COMMUNITY BENEFITS - SEE SCHEDULE O

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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 $779,153,701

Program Service Revenue $2,611,491,064

Investment Income $5,694,108

Other Revenue $75,255,837

TOTAL REVENUE $3,471,594,710

Expense Breakdown

Grants Paid $7,580,997

Salaries & Benefits $1,082,475,984

Fundraising Expenses $50,705,899

Program Expenses $3,076,421,974

Other Expenses $2,262,455,426

TOTAL EXPENSES $3,358,144,757

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,471,594,710	$3,387,587,769	+0.0%
Expenses	$3,358,144,757	$3,002,803,859	+0.1%
Net Income	$113,449,953	$384,783,910	-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

Governance

Voting Members

Independent Members

Employees

9211

Volunteers

500

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

$5,733,922

Total Directors

$2,459,825

Key Employees

$6,045,550

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN J O'CONNOR	Trustee & Treasurer (END 1/29/24)	2.0	Officer Director	$0	$0	$0
JOSHUA BEKENSTEIN	Trustee & Chairman	2.0	Officer Director	$0	$0	$0
Laurie H Glimcher MD	Trustee, President & CEO	44.0	Officer Director	$2,105,144	$354,681	$2,459,825
Lori Whelan	Trustee, Treasurer (AS OF 1/29/24)	2.0	Officer Director	$0	$0	$0
Monica Chandra	Trustee & Secretary	1.0	Officer Director	$0	$0	$0
Richard Lubin	Trustee & Vice-Chairman	2.0	Officer Director	$0	$0	$0
Afsaneh Beschloss	Trustee	1.0	Director	$0	$0	$0
Alison Jaffe	Trustee	1.0	Director	$0	$0	$0
Amy Berylson	Trustee	1.0	Director	$0	$0	$0
Amy Kyle ESQ	Trustee	1.0	Director	$0	$0	$0
Andrew Janower	Trustee	1.0	Director	$0	$0	$0
Andrew Kaplan	Trustee	1.0	Director	$0	$0	$0
Beth Terrana	Trustee	1.0	Director	$0	$0	$0
Betty Ann Blum	Trustee	1.0	Director	$0	$0	$0
Bradley Lucas	Trustee	1.0	Director	$0	$0	$0
Brian Knez	Trustee	1.0	Director	$0	$0	$0
Christopher J Hadley	Trustee	1.0	Director	$0	$0	$0
Demond Martin	Trustee	1.0	Director	$0	$0	$0
Doug Grip	Trustee	1.0	Director	$0	$0	$0
Elizabeth Clymer	Trustee	1.0	Director	$0	$0	$0
Eric Miller	Trustee	1.0	Director	$0	$0	$0
Eric Schlager	Trustee (END 1/29/24)	1.0	Director	$0	$0	$0
Esta Stecher	Trustee	1.0	Director	$0	$0	$0
Fatima Penrose	Trustee	1.0	Director	$0	$0	$0
Frank Laukien	Trustee	1.0	Director	$0	$0	$0
Frederica Williams	Trustee	1.0	Director	$0	$0	$0
Gary Prado	Trustee	1.0	Director	$0	$0	$0
Harvey Berger MD	Trustee	1.0	Director	$0	$0	$0
Hise Gibson	Trustee	1.0	Director	$0	$0	$0
James McCann	Trustee	1.0	Director	$0	$0	$0
Jane Brock-Wilson	Trustee	1.0	Director	$0	$0	$0
Jane Jamieson	Trustee	1.0	Director	$0	$0	$0
Jennifer Perini	Trustee	1.0	Director	$0	$0	$0
Jessica Knez Dulac	Trustee	1.0	Director	$0	$0	$0
Jill Greenthal	Trustee	1.0	Director	$0	$0	$0
Jodi Walker	Trustee	1.0	Director	$0	$0	$0
Jose Aguerrevere	Trustee	1.0	Director	$0	$0	$0
Karen Daley PHD MPH RN FANN	Trustee	1.0	Director	$0	$0	$0
Karen Hale	Trustee (END 4/5/24)	1.0	Director	$0	$0	$0
Karen Linde Packman	Trustee	1.0	Director	$0	$0	$0
Kate Gulliver	Trustee	1.0	Director	$0	$0	$0
Kevin DaSilva	Trustee	1.0	Director	$0	$0	$0
Kimberly Sherman Stamler	Trustee	1.0	Director	$0	$0	$0
Laura Sen	Trustee	1.0	Director	$0	$0	$0
Levi Garraway	Trustee	1.0	Director	$0	$0	$0
Lisa Ferraro	Trustee	1.0	Director	$0	$0	$0
Louise Svanberg	Trustee	1.0	Director	$0	$0	$0
Mary Ann Tocio	Trustee (END 1/29/24)	1.0	Director	$0	$0	$0
Meg Reynolds	Trustee	1.0	Director	$0	$0	$0
Michael Eisenson	Trustee	1.0	Director	$0	$0	$0
Michael Trotsky	Trustee	1.0	Director	$0	$0	$0
Moria Forbes	Trustee	1.0	Director	$0	$0	$0
Nancy Gibson	Trustee	1.0	Director	$0	$0	$0
Nancy Lotane	Trustee	1.0	Director	$0	$0	$0
Paul Marcus	Trustee	1.0	Director	$0	$0	$0
Peter Palandjian	Trustee	1.0	Director	$0	$0	$0
Phillip Gross	Trustee	1.0	Director	$0	$0	$0
Robert Reynolds	Trustee	1.0	Director	$0	$0	$0
Robert Sachs	Trustee (END 1/29/24)	1.0	Director	$0	$0	$0
Robert Stansky	Trustee	1.0	Director	$0	$0	$0
Ronald Sullivan	Trustee	1.0	Director	$0	$0	$0
Sandra Stratford MD	Trustee	1.0	Director	$0	$0	$0
Stephen Fine	Trustee (END 1/29/24)	1.0	Director	$0	$0	$0
Stephen Koster ESQ	Trustee	1.0	Director	$0	$0	$0
Steven Koppel	Trustee	1.0	Director	$0	$0	$0
Susan Alexander ESQ	Trustee	1.0	Director	$0	$0	$0
Susan Poduska	Trustee	1.0	Director	$0	$0	$0
Sushil Tuli	Trustee	1.0	Director	$0	$0	$0
Theodore Pasquarello	Trustee	1.0	Director	$0	$0	$0
Timothy Cohen	Trustee	1.0	Director	$0	$0	$0
Tracey McCain ESQ	Trustee	1.0	Director	$0	$0	$0
Jennifer Willcox ESQ	Asst Secretary & General Counsel	50.0	Officer	$692,134	$83,219	$775,353
Michael L Reney	CFO & Assistant Treasurer	46.0	Officer	$1,098,939	$50,077	$1,149,016
William Hahn MD PHD	COO & EVP	49.0	Officer	$1,299,728	$50,000	$1,349,728
Barrett J Rollins MD PHD	Sr. Advisor to President & CEO	50.0	Key Emp	$546,650	$57,960	$604,610
Benjamin Ebert MD PhD	CHAIR OF MEDICAL ONCOLOGY	49.0	Key Emp	$209,100	$15,127	$224,227
Craig A Bunnell MD MPH MBA	Chief Medical Officer	50.0	Key Emp	$963,956	$53,398	$1,017,354
Jeffrey Meyerhardt MD MPH	Chief Clinical Research Officer	50.0	Key Emp	$720,117	$89,568	$809,685
Kevin Haigis PHD	Chief Scientific Officer	50.0	Key Emp	$667,828	$50,797	$718,625
Maria Megdal	SVP Chief Administrative Officer	50.0	Key Emp	$670,345	$68,528	$738,873
Melany Duval	SVP & Chief Philanthropy Officer	50.0	Key Emp	$938,328	$68,330	$1,006,658
Sylvia A Bartel RPh MHP	SR. VP of Pharmacy & CPO	50.0	Key Emp	$360,265	$86,038	$446,303
Wendy Gettleman	VP of Facilities Management & Real Estate	50.0	Key Emp	$389,597	$89,618	$479,215
Bruce Johnson MD	Sr. Advisor to President & CEO	49.0	Highest	$749,341	$73,538	$822,879
Elizabeth Liebow	Former Key Employee	0.0	Highest	$1,205,871	$51,580	$1,257,451
Michael Constantine MD	Milford Med Dir-Hematology/Oncology	50.0	Highest	$800,852	$89,666	$890,518
Robert Soiffer MD	Chair Executive Committee for Clinical Programs	50.0	Highest	$839,239	$69,055	$908,294
Scott Armstrong MD PHD	Chair of Pediatric Oncology	50.0	Highest	$819,691	$81,122	$900,813
John O Chesley ESQ	Counsel	0.0		$456,000	$0	$456,000

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	$3,471,594,710	$3,358,144,757	$5,348,876,627	$113,449,953
2023	$3,387,587,769	$3,002,803,859	$4,735,245,065	$384,783,910
2022	$2,669,084,593	$2,558,704,532	$4,291,020,227	$110,380,061
2021	$2,417,795,330	$2,225,842,004	$4,549,977,055	$191,953,326
2020	$2,005,205,411	$1,969,358,412	$3,905,849,954	$35,846,999
2019	$1,985,509,644	$1,883,293,263	$3,127,097,000	$102,216,381
2018	$1,755,138,116	$1,681,302,389	$2,890,706,000	$73,835,727