Ludwig Institute for Cancer Research Ltd (EIN 237121131) - 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

1971

Principal Officer

Jonathan Skipper

Phone

2124501500

Tax Period

2023-01-01 to 2023-12-31

Ludwig Institute for Cancer Research Ltd, founded in 1971, is a mid-sized nonprofit that reported $72.9M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring.

Mission

The Ludwig Institute for Cancer Research Ltd is a global non-profit institute committed to improving the under- standing & control of cancer through laboratory and clinical research.

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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 $70,226,776

Program Service Revenue $0

Investment Income $12,667

Other Revenue $2,654,509

TOTAL REVENUE $72,893,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,640,017

Fundraising Expenses $333,699

Program Expenses $58,808,134

Other Expenses $54,713,252

TOTAL EXPENSES $71,353,269

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,893,952	$102,443,688	-0.3%
Expenses	$71,353,269	$107,869,697	-0.3%
Net Income	$1,540,683	$-5,426,009	-1.3%

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

$4,051,132

Total Directors

$2,679,709

Key Employees

$923,279

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Chi Van Dang	Director, Scientific Director	50.0	Officer Director	$1,051,303	$75,277	$1,126,580
Edward A McDermott Jr	Director, President	44.0	Officer Director	$0	$93,653	$1,045,460
Dr Jonathan Skipper	Exec Vice-Pres Tech Develop.	45.0	Officer	$791,046	$75,277	$866,323
Thomas Baenninger	Chief Financial Officer	40.0	Officer	$512,250	$112,712	$624,962
Richard White	Group Leader	10.0	Highest	$472,041	$105,307	$577,348
Yang Shi	Group Leader	10.0	Highest	$438,227	$59,255	$497,482
George Coukos	Branch Director	40.0	Key Emp	$403,977	$86,003	$489,980
Dr Bing Ren	Group Leader	45.0	Highest	$401,272	$68,994	$470,266
Dr Richard Kolodner	Group Leader	50.0	Highest	$416,477	$51,279	$467,756
Xin Lu	Branch Director	10.0	Key Emp	$382,032	$51,267	$433,299
Andrew Shiau	Group Leader	50.0	Highest	$361,737	$61,491	$423,228
Patrice Morin	Deputy Scient. Dir.	45.0	Officer	$313,974	$73,833	$387,807
John L Notter	Director, Board Chairperson	8.0	Director	$28,701	$0	$156,489
John D Gordan III	Director	2.0	Director	$10,934	$0	$93,722
Jedd Wolchok	DIRECTOR	2.0	Director	$10,934	$0	$93,722
Dr Nancy Ellen Davidson	Director	2.0	Director	$10,934	$0	$40,934
Judge Barbara S Jones	Director	2.0	Director	$10,934	$0	$40,934
Alexandra Johnson	Director	2.0	Director	$10,934	$0	$40,934
Nicolas Killen	Director	2.0	Director	$10,934	$0	$40,934

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	$72,893,952	$71,353,269	$19,252,124	$1,540,683
2022	$102,443,688	$107,869,697	$21,583,740	$-5,426,009
2021	$89,264,708	$90,029,244	$25,811,385	$-764,536
2020	$77,577,808	$72,855,425	$31,531,617	$4,722,383
2019	$80,485,740	$81,502,785	$32,064,163	$-1,017,045
2018	$66,568,790	$83,729,729	$35,976,658	$-17,160,939

Ludwig Institute for Cancer Research Ltd