THE SASS-ARENA FOUNDATION FOR MEDICAL RESEARCH INC(FKA SASS FDN FOR MED RES) (EIN 112785757) - 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

1985

Legal Domicile

Principal Officer

MARTIN D SASS

Phone

5163657277

Tax Period

2023-10-01 to 2024-09-30

THE SASS-ARENA FOUNDATION FOR MEDICAL RESEARCH INC(FKA SASS FDN FOR MED RES), founded in 1985, is a small nonprofit that reported $197K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $168K left a modest 15% surplus.

Mission

TO PROMOTE BETTER UNDERSTANDING OF CANCER & RELATED LIFE THREATENING DISEASES. TO EDUCATE ON THE THERAPIES & TREATEMENTS & TO FUND RESEARCH AIMED AT COMBATING THESE DISEASES.

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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 $269,912

Program Service Revenue $0

Investment Income $11,861

Other Revenue $-84,482

TOTAL REVENUE $197,291

Expense Breakdown

Grants Paid $31,000

Salaries & Benefits $97,937

Fundraising Expenses $51,023

Program Expenses $52,104

Other Expenses $39,102

TOTAL EXPENSES $168,039

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,291	$255,259	-0.2%
Expenses	$168,039	$212,480	-0.2%
Net Income	$29,252	$42,779	-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

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
FRANCIS P ARENA	PRESIDENT & CO-FOUNDER	1.00	Officer Director	$0	$0	$0
MARTIN D SASS	CHAIRMAN & CO-FOUNDER	1.00	Director	$0	$0	$0
BARBARA R SASS	CHAIRWOMAN, CO-FOUNDER, TR	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
2024	$197,291	$168,039	$493,397	$29,252
2023	$255,259	$212,480	$395,536	$42,779
2022	$351,547	$232,944	$389,812	$118,603
2021	$364,188	$514,417	$349,661	$-150,229
2020	$15,210	$471,263	$669,491	$-456,053
2019	$521,824	$511,123	$1,103,407	$10,701
2018	$313,517	$544,819	$1,227,882	$-231,302

THE SASS-ARENA FOUNDATION FOR MEDICAL RESEARCH INC(FKA SASS FDN FOR MED RES)