Society for Translational Oncology

EIN: 203186261 501(c)(3) Medical Research

Durham, NC

Total Revenue
$476,537
Total Expenses
$503,387
Total Assets
$1,476,634
Net Assets
$1,411,592
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
Kenneth Lee
Phone
9196415323
Tax Period
2024-01-01 to 2024-12-31

Society for Translational Oncology, founded in 2000, is a small nonprofit in the Medical Research sector that reported $477K in total revenue in fiscal year 2024. Net assets of $1.4M represent 36 months of operating reserves.

Mission

Global MissionThe Society for Translational Oncology (STO), a 501(c)(3) not-for-profit organization, is dedicated to advancing global oncology and improving patient care by bridging the gap between scientific discovery and clinical application. Our mission is to promote high-quality, equitable healthcare through innovative education and collaborative global efforts. STO empowers healthcare professionals with the knowledge and tools to implement cutting-edge cancer therapies and improve patient outcomes worldwide. Through strategic guidance and global alliances, we work to harmonize cancer clinical trials and regulatory standards, ensuring that life-saving treatments are speedily accessible to all patients with cancer.Continuing Medical Education MissionSTO is committed to providing impactful education to oncology physicians, with the goal of improving the quality and safety of care for patients with cancer. This mission will be fulfilled by offering relevant and effective conti

Program Service Accomplishments

Program 1
Expenses: $136,183

Oncology experts agree that harmonizing approval processes and clinical trials globally will benefit patients and save lives. The current state of cancer care highlights several major challenges...

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Oncology experts agree that harmonizing approval processes and clinical trials globally will benefit patients and save lives. The current state of cancer care highlights several major challenges: lack access to clinical trials and the benefits that accrue from them; disharmony slowing the development and regulatory approval of treatments; and inadequate global infrastructure and collaboration.It is generally accepted that harmonization is important but a targeted and focused effort to achieve this goal is lacking. In response, HARMONY is fostering a global collaborative. With ten million cancer patient deaths annually, it is time to accelerate the goal of building this global network of allies to expedite and coordinate global cancer clinical trials and identify areas of congruence among principal regulatory agencies around the world. Harmonizing will enhance life-changing therapies for cancer patients with success defined as a drug approved anywhere will be available everywhere.

Program 2
Expenses: $72,957

Molecular testing is a foundational element of personalized medicine. Understanding and overcoming challenges in implementing best practice guidelines for molecular testing can support better...

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Molecular testing is a foundational element of personalized medicine. Understanding and overcoming challenges in implementing best practice guidelines for molecular testing can support better diagnosis and guide treatment decisions. "Incorporating Molecular Testing to Support Personalized Cancer Care" is a three-part educational program that focuses on the adoption of best practice guidelines and incorporating evidence from an MD Anderson Cancer Network Performance Improvement and Quality Improvement (PI/QI) program (a program of The University of Texas MD Anderson Cancer Center). Piloted at two Cancer Network sites, this PI/QI program aimed to optimize the use of molecular testing in thyroid and lung cancers

Program 3
Expenses: $474

STO's initiative, Racial Disparities in Cancer Care, acknowledges the disproportionate burden certain US groups face in cancer rates, screenings, diagnosis, and survival. It strives to heighten...

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STO's initiative, Racial Disparities in Cancer Care, acknowledges the disproportionate burden certain US groups face in cancer rates, screenings, diagnosis, and survival. It strives to heighten awareness, identify treatment obstacles, and encourage healthcare professionals to advance change. This initiative, stemming from the "Addressing Racial Disparities in Cancer Care" educational program, aims to prepare healthcare teams to alleviate racial disparities in cancer patient care. Resources from these activities remain available as an educational tool. STO remains committed to continuously developing programs to reduce these disparities and empowering healthcare teams in their ongoing efforts for cancer patients.

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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 $438,716
Program Service Revenue $0
Investment Income $37,717
Other Revenue $104
TOTAL REVENUE $476,537

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,953
Fundraising Expenses $0
Program Expenses $248,655
Other Expenses $418,434
TOTAL EXPENSES $503,387

Year-over-Year Comparison

2024 2023 Change
Revenue $476,537 $467,002 +0.0%
Expenses $503,387 $722,531 -0.3%
Net Income $-26,850 $-255,529 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
2
Volunteers
32

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
3
$43,764
Total Directors
7
$43,764
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ann Murphy PHD Executive Director 1.00
Officer Director
$0 $0 $43,764
Martin J Murphy DMEDSC PHD FASCO Chairman 1.00
Officer Director
$0 $0 $0
Kenneth B Lee MBA Treasurer 1.00
Officer Director
$0 $0 $0
Sean Khozin MD MPH Director 1.00
Director
$0 $0 $0
Ke Liu MD PHD Director 1.00
Director
$0 $0 $0
Mace L Rothenberg MD FACP Director 1.00
Director
$0 $0 $0
Lillian L Siu MD FRCPC FASCO Director 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
2025 No data No data No data No data
2024 $476,537 $503,387 $1,476,634 $-26,850
2023 $467,002 $722,531 $1,525,997 $-255,529
2022 $1,410,812 $885,287 $1,832,539 $525,525
2021 $1,176,418 $554,292 $1,367,988 $622,126
2020 $285,145 $194,327 $746,220 $90,818
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