Lake Champlain Cancer Research Org Inc

EIN: 222240867 501(c)(3)

Essex Jct, VT

Total Revenue
$292,033
Total Expenses
$25,607,613
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NY
Principal Officer
Barbara Higgins
Phone
8028788723
Tax Period
2019-01-01 to 2019-12-31

Lake Champlain Cancer Research Org Inc, founded in 1978, is a small nonprofit that reported $292K in total revenue in fiscal year 2019. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $25.6M exceeded revenue, resulting in a 8669% operating deficit.

Mission

TO PROVIDE FUNDS/ENABLE MEDICAL RESEARCH FOR THE PREVENTION, CONTROL AND TREATMENT OF CANCER AND RELATED DISEASES.

Program Service Accomplishments

Program 1
Expenses: $25,538,543

FUNDS TO ENABLE MEDICAL RESEARCH FOR THE TREATMENT OF CANCER AND RELATED 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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $38
Program Service Revenue $0
Investment Income $291,995
Other Revenue $0
TOTAL REVENUE $292,033

Expense Breakdown

Grants Paid $25,538,543
Salaries & Benefits $5,500
Fundraising Expenses $0
Program Expenses $25,538,543
Other Expenses $63,570
TOTAL EXPENSES $25,607,613

Year-over-Year Comparison

2019 2018 Change
Revenue $292,033 $784,778 -0.6%
Expenses $25,607,613 $669,672 +37.2%
Net Income $-25,315,580 $115,106 -220.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
$5,500
Total Directors
5
$5,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Barbara Higgins Sec/Asst Treas 5.00
Officer Director
$5,500 $0 $5,500
JEROME W YATES MD MPH President 2.00
Officer Director
$0 $0 $0
Louis M Weiner MD Director 2.00
Director
$0 $0 $0
ROSEMARY MACKEY Treasurer 2.00
Officer Director
$0 $0 $0
James A Stewart MD Vice President 2.00
Officer Director
$0 $0 $0
H James Wallace MD Executive Dir. 2.00
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
2019 $292,033 $25,607,613 No data $-25,315,580
2018 $784,778 $669,672 $22,788,971 $115,106
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