THE INSTITUTE FOR CHILDREN WITH CANCER AND BLOOD DISORDERS INC (EIN 223092432) - 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

1992

Legal Domicile

Principal Officer

GLENN JENKINS

Phone

7322475300

Tax Period

2023-01-01 to 2023-12-31

THE INSTITUTE FOR CHILDREN WITH CANCER AND BLOOD DISORDERS INC, founded in 1992, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 33% operating deficit.

Mission

EMBRACE KIDS FOUNDATION EXISTS TO LIGHTEN THE BURDEN AND IMPROVE THE QUALITY OF LIFE FOR CHILDREN WITH CANCER, SICKLE CELL, AND OTHER SERIOUS DISORDERS IN THE NEW JERSEY/NEW YORK CITY METROPOLITAN AREA.

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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 $1,063,523

Program Service Revenue $0

Investment Income $80,005

Other Revenue $0

TOTAL REVENUE $1,143,528

Expense Breakdown

Grants Paid $647,555

Salaries & Benefits $338,647

Fundraising Expenses $101,860

Program Expenses $1,298,203

Other Expenses $531,868

TOTAL EXPENSES $1,518,070

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,143,528	$1,730,020	-0.3%
Expenses	$1,518,070	$1,562,161	0.0%
Net Income	$-374,542	$167,859	-3.2%

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

350

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

$131,874

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY REAGAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RICK CANNELLOS	PRESIDENT	2.00	Officer Director	$0	$0	$0
TOM NEHILA	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SAMANTHA LOCKE	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN MORTENSON CPA	TREASURER	2.00	Officer Director	$0	$0	$0
MARK ALIPERTI	RECORDING SECRETARY	2.00	Officer Director	$0	$0	$0
DAN ARMAS	CORRESPONDING SECRETARY	2.00	Officer Director	$0	$0	$0
SCOTT DEANEY	BOARD MEMBER	2.00	Director	$0	$0	$0
MATT ASKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
KEN CONSTANTINO	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL MONTEMARANO	BOARD MEMBER	2.00	Director	$0	$0	$0
BRENDAN MONAHAN	BOARD MEMBER	2.00	Director	$0	$0	$0
OMOTAYO OKUSANYA	BOARD MEMBER	2.00	Director	$0	$0	$0
MIGUEL RODRIGUEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID WEISS	BOARD MEMBER	2.00	Director	$0	$0	$0
GEOFF DOLAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MATTHEW MCDONNELL	BOARD MEMBER	2.00	Director	$0	$0	$0
LASZLO NYITRAI	BOARD MEMBER	2.00	Director	$0	$0	$0
ARMAAN SAXENA	EXECUTIVE DIRECTOR	40.00	Officer	$121,040	$10,834	$131,874

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	No data	No data	No data	No data
2023	$1,143,528	$1,518,070	$1,917,543	$-374,542
2022	$1,730,020	$1,562,161	$2,158,741	$167,859
2021	$1,638,309	$1,598,339	$2,178,071	$39,970
2020	$1,690,883	$1,637,628	$1,995,350	$53,255
2019	$2,050,608	$1,961,599	$1,948,463	$89,009
2018	$2,018,634	$1,959,787	$1,817,067	$58,847

THE INSTITUTE FOR CHILDREN WITH CANCER AND BLOOD DISORDERS INC