FRED HUTCHINSON CANCER RESEARCH CE… - Form 990 Financial Data

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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

Legal Domicile

Principal Officer

DR THOMAS LYNCH JR

Phone

2066674876

Tax Period

2021-07-01 to 2022-03-31

FRED HUTCHINSON CANCER RESEARCH CENTER, founded in 1971, is a major nonprofit that reported $696.8M in total revenue in fiscal year 2021. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $610.3M left a modest 12% surplus.

Mission

OUR RESEARCHERS ARE PUSHING THE LIMITS OF HUMAN KNOWLEDGE, FROM FOUNDATIONAL BIOLOGY TO POPULATION-LEVEL HEALTH. THROUGH FEARLESS SCIENCE, COLLABORATION ACROSS DISCIPLINES, AND UNSHAKABLE FOCUS, WE'RE LEADING THE WAY TO A WORLD FREE OF CANCER AND RELATED DISEASES.

Program Service Accomplishments

Program 1

Expenses: $281,420,625 Revenue: $28,604,468

VACCINE AND INFECTIOUS DISEASE DIVISION (VIDD): VIDD INTEGRATES THE LATEST IN COMPUTATIONAL, LABORATORY AND CLINICAL RESEARCH METHODS TO ADVANCE THE UNDERSTANDING OF MICROBIAL PATHOGENESIS AND...

VACCINE AND INFECTIOUS DISEASE DIVISION (VIDD): VIDD INTEGRATES THE LATEST IN COMPUTATIONAL, LABORATORY AND CLINICAL RESEARCH METHODS TO ADVANCE THE UNDERSTANDING OF MICROBIAL PATHOGENESIS AND INFECTIOUS DISEASE PROCESSES. VIDD RESEARCHERS PARTNER WITH SCIENTISTS AT LABORATORY, CLINICAL AND FIELD SITES IN THE AMERICAS, AFRICA, ASIA AND EUROPE. THE DIVISION HAS SPECIFIC INITIATIVES IN UGANDA, CHINA AND THE REPUBLIC OF SOUTH AFRICA TO ADVANCE THE UNDERSTANDING OF INFECTION-RELATED CANCERS AND INFECTIOUS DISEASES THAT AFFECT HIGH-RISK POPULATIONS IN THESE REGIONS. VIDD SCIENTISTS AROUND THE WORLD, INCLUDING CLINICIANS, CLINICAL TRIAL SPECIALISTS, STATISTICIANS, COMPUTATIONAL BIOLOGISTS AND BASIC SCIENTISTS, TAKE PRIDE IN THEIR COLLABORATIVE EFFORTS TO PREDICT, DETECT, TREAT AND PREVENT INFECTIOUS DISEASES IN HUMANS, INCLUDING KNOWN AND EMERGING INFECTIONS OF MAJOR GLOBAL HEALTH IMPORTANCE, SUCH AS CORONAVIRUS, AND CANCER-RELATED INFECTIOUS DISEASES.

Program 2

Expenses: $120,087,117 Revenue: $12,206,028

CLINICAL RESEARCH DIVISION:THE CLINICAL RESEARCH DIVISION CONDUCTS LABORATORY AND PATIENT-ORIENTED RESEARCH TO BETTER UNDERSTAND THE MECHANISMS THAT DRIVE CANCER AND OTHER HUMAN DISEASES. INTEGRATING A VARIETY OF DISCIPLINES, OUR CLINICAL RESEARCHERS ARE CONTINUALLY DEVELOPING NEW THERAPEUTIC APPROACHES AND LEADING CLINICAL TRIALS THAT HELP MOVE DISCOVERIES FROM LABORATORY TO PATIENT. OUR PIONEERING RESEARCH HAS SAVED HUNDREDS OF THOUSANDS OF LIVES.

Program 3

Expenses: $87,467,133 Revenue: $8,890,432

PUBLIC HEALTH SCIENCES DIVISION:THE PUBLIC HEALTH SCIENCES DIVISION IDENTIFIES STRATEGIES THAT WOULD ULTIMATELY REDUCE THE INCIDENCE OF AND MORTALITY FROM CANCER AND OTHER DISEASES. USING LARGE...

PUBLIC HEALTH SCIENCES DIVISION:THE PUBLIC HEALTH SCIENCES DIVISION IDENTIFIES STRATEGIES THAT WOULD ULTIMATELY REDUCE THE INCIDENCE OF AND MORTALITY FROM CANCER AND OTHER DISEASES. USING LARGE POPULATIONS AS THEIR "LABORATORY," OUR PUBLIC-HEALTH RESEARCHERS LOOK FOR LINKS BETWEEN CANCER AND ITS POSSIBLE TRIGGERS, FROM DIET AND LIFESTYLE TO ENVIRONMENTAL AND GENETIC FACTORS. IDENTIFYING SUCH CANCER CAUSES CAN LEAD TO BETTER CANCER-DETECTION METHODS AND NEW WAYS TO HELP PEOPLE ADOPT HEALTHIER LIFESTYLES TO MINIMIZE OR AVOID THEIR RISK OF GETTING THE DISEASE IN THE FIRST PLACE. OUR STATISTICAL, COMPUTATIONAL, EPIDEMIOLOGICAL, TRANSLATIONAL AND PREVENTION PROJECTS INCLUDE STUDIES AROUND THE WORLD.

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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 (2021)

Revenue Breakdown

Contributions & Grants $545,163,928

Program Service Revenue $56,158,707

Investment Income $89,242,611

Other Revenue $6,280,228

TOTAL REVENUE $696,845,474

Expense Breakdown

Grants Paid $168,939,840

Salaries & Benefits $259,106,208

Fundraising Expenses $10,617,387

Program Expenses $552,508,728

Other Expenses $180,645,900

TOTAL EXPENSES $610,254,707

Year-over-Year Comparison

	2021	2020	Change
Revenue	$696,845,474	$943,352,737	-0.3%
Expenses	$610,254,707	$829,721,537	-0.3%
Net Income	$86,590,767	$113,631,200	-0.2%

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

3721

Volunteers

800

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

$14,134,764

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY SURACE-SMITH	CHAIR	7.70	Officer Director	$0	$0	$0
LEIGH MORGAN	VICE CHAIR	6.40	Officer Director	$0	$0	$0
SEAN BOYLE	TREASURER	4.90	Officer Director	$0	$0	$0
RICHARD W ANDERSON	SECRETARY	3.30	Officer Director	$0	$0	$0
CARL BEHNKE	TRUSTEE	2.20	Director	$0	$0	$0
MICHAEL CLAYVILLE	TRUSTEE	1.90	Director	$0	$0	$0
HOLLIS S DILLON	TRUSTEE	2.90	Director	$0	$0	$0
MARK FLEISCHAUER	TRUSTEE	1.90	Director	$0	$0	$0
THERESA GILLESPIE	TRUSTEE	1.90	Director	$0	$0	$0
STEPHEN M GRAHAM	TRUSTEE	3.10	Director	$0	$0	$0
CHRISTINE GREGOIRE	TRUSTEE	2.90	Director	$0	$0	$0
ROBERT HERBOLD	TRUSTEE	1.60	Director	$0	$0	$0
ALLAN JONES	TRUSTEE	1.90	Director	$0	$0	$0
PHILIP KENT	TRUSTEE	2.10	Director	$0	$0	$0
CONNIE KRAVAS	TRUSTEE	2.40	Director	$0	$0	$0
MATTHEW MCILWAIN	TRUSTEE	4.60	Director	$0	$0	$0
NORMAN METCALFE	TRUSTEE	2.20	Director	$0	$0	$0
SATYA NADELLA	TRUSTEE	1.30	Director	$0	$0	$0
PAUL W REED	TRUSTEE	3.00	Director	$0	$0	$0
BRIAN ROBERTS	TRUSTEE	1.90	Director	$0	$0	$0
CORAZON SANDERS	TRUSTEE	2.40	Director	$0	$0	$0
PETE SHIMER	TRUSTEE	1.90	Director	$0	$0	$0
BRYAN WHITE	TRUSTEE	3.20	Director	$0	$0	$0
THOMAS JAMES LYNCH JR	PRESIDENT & DIRECTOR	40.00	Officer	$1,702,109	$66,608	$1,768,717
NANCY E DAVIDSON	SR. VP & DIRECTOR, CRD	8.40	Officer	$1,266,466	$47,218	$1,313,684
ERIC C HOLLAND	SR VP & DIR, HUMAN BIOLOGY	40.00	Officer	$776,770	$53,518	$830,288
DAVID HARLAN BROWDY	VP & CHIEF FINANCIAL OFFICER	40.00	Officer	$853,047	$61,264	$914,311
BRUCE E CLURMAN	EXEC VP & DEPUTY DIR, FHCRC	40.00	Officer	$767,846	$56,974	$824,820
NICOLE C ROBINSON	VP & CHIEF OPERATING OFFICER	40.00	Officer	$849,608	$53,518	$903,126
FREDERICK R APPELBAUM	EXEC VP & DEPUTY DIRECTOR	40.00	Officer	$758,585	$55,623	$814,208
STEVEN HAYDON	VP, GENERAL COUNSEL	40.00	Officer	$585,496	$56,827	$642,323
GEOFFREY R HILL	SR VP & DIR BGI	40.00	Officer	$450,843	$55,890	$506,733
MARGARET JULIANA MCELRATH	SR VP & DIRECTOR - VIDD	40.00	Officer	$491,059	$46,432	$537,491
KELLY O'BRIEN	VICE PRESIDENT, PHILANTHROPY	40.00	Officer	$515,402	$56,339	$571,741
JODI LORRAINE BURKE	VP HUMAN RESOURCES	40.00	Officer	$464,479	$51,497	$515,976
MARION S DORER	VP, INTERDISCIPLINARY SCI ADM	40.00	Officer	$478,101	$47,124	$525,225
CHRISTOPHER LI	VP, FACULTY AFFAIR & DIVERSITY	40.00	Officer	$370,933	$59,646	$430,579
GARNET L ANDERSON	SR VP & DIR, PHS	40.00	Officer	$412,815	$47,100	$459,915
JENNIFER E GRIFFITH	VP GOV'T & COMMUNITY RELATIONS	40.00	Officer	$368,396	$46,834	$415,230
CHRIS BUNDESMANN	CORPORATE CONTROLLER	40.00	Officer	$269,599	$43,862	$313,461
JONATHAN A COOPER	SR VP & DIR, BASIC SCIENCES	40.00	Officer	$262,229	$43,876	$306,105
KATHY L ALEXION	VP & CHIEF INFORMATION OFFICER	40.00	Officer	$321,053	$35,200	$356,253
ELIZABETH BOYD	VP, RES ADM & FACULTY AFFAIRS	40.00	Officer	$276,810	$42,625	$319,435
PAUL M BUCKLEY	VP & CHIEF DIVERS/INCL OFFICER	40.00	Officer	$293,316	$44,681	$337,997
HERBERT L BONE III	CORPORATE TREASURER	40.00	Officer	$231,853	$44,129	$275,982
VAL RIE J SMITH	ASSISTANT TO THE BOARD OF TRUSTEES	40.00	Officer	$117,182	$18,078	$135,260
SUSAN BIGGINS	SR VP & DIR, BASIC SCIENCES	13.20	Officer	$112,819	$0	$112,819
SCOTT N RUSCH	VP, FACILITIES & OPERATIONS	5.00	Officer	$3,085	$0	$3,085
KELLY PATRICK	VP, CHIEF INFORMATION OFFICER	40.00	Officer	$0	$0	$0
STEVE STADUM	SPEC ADVISOR	40.00	Highest	$1,132,208	$56,974	$1,189,182
PETER S NELSON	FULL PROFESSOR	40.00	Highest	$449,036	$60,222	$509,258
STEPHANIE J LEE	FULL PROFESSOR	40.00	Highest	$390,143	$38,001	$428,144
JERALD PATRICK RADICH	FULL PROFESSOR	40.00	Highest	$396,440	$59,736	$456,176
STANLEY R RIDDELL	FULL PROFESSOR	40.00	Highest	$394,966	$55,733	$450,699
D GARY GILLILAND	PRESIDENT & DIRECTOR EMERITUS	5.00		$168,188	$0	$168,188

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
2022	$696,845,474	$610,254,707	No data	$86,590,767
2021	$943,352,737	$829,721,537	$1,740,460,544	$113,631,200
2020	$630,515,570	$645,999,059	$1,469,345,450	$-15,483,489
2019	$698,140,612	$633,715,331	$1,321,100,570	$64,425,281
2018	$851,220,102	$588,136,835	$1,227,585,664	$263,083,267

FRED HUTCHINSON CANCER RESEARCH CENTER