Cambridge, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TargetCancer Foundation Inc, founded in 2009, is a community nonprofit in the Medical Research sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $423K, a strong 33% operating margin.
TargetCancer Foundation promotes the development of lifesaving treatment protocols for rare cancers. TargetCancer Foundation directly supports initiatives at the forefront of cancer treatment by funding innovative research, fostering collaborations, and raising awareness among scientists, clinicians, and patients.
The specific purposes of the Organization are to raise awareness of and support for research into rare cancers, and to directly support patients and families facing rare cancers. This was...
The specific purposes of the Organization are to raise awareness of and support for research into rare cancers, and to directly support patients and families facing rare cancers. This was accomplished in the fiscal year through the ongoing operation of a rare cancer precision medicine clinical trial, and through other programs. In 2020, TargetCancer Foundation launched a rare cancer precision medicine clinical trial called TCF-001 TRACK (Target Rare Cancer Knowledge). TRACK is a 400-patient clinical trial studying genomics and precision medicine in rare cancers, providing patients with critical personalized genomic data about their cancer and treatment recommendations from a panel of field leaders, and also generating rare cancer research data. TRACK is developed, sponsored and managed by TargetCancer Foundation, and is currently over halfway through its enrollment of patients with rare cancers and cancer of unknown primary.In 2024, TargetCancer Foundation held a major scientific meeting- the Think Tank on Advancing Precision Medicine in Rare Cancers. This unique, innovative meeting unites key stakeholders including clinicians, researchers, government, industry, and patients and advocates. This meeting is specifically designed to promote collaboration, information-sharing and idea generation in an effort to define research priorities, foster new collaborative efforts across institutions, and ultimately propel the field forward.In 2024, TargetCancer Foundation launched its Patient Outreach, Education and Support Program, which provides online and downloadable educational resources designed for patients navigating a rare cancer diagnosis. Theis includes resources such as What is a Rare Cancer, Initial Steps for Navigating a Rare Cancer Diagnosis, Clinical Trials, and Biomarker Testing. In addition, this program includes an educational webinar series intended for patients and caregivers.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,261,609 | $676,451 | +0.9% |
| Expenses | $839,048 | $797,674 | +0.1% |
| Net Income | $422,561 | $-121,223 | -4.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Jerry Alderman | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Jennifer Levin Carter MD | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| CJ Chapman | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Samuel Davenport | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Janet Fine MS | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Mary Pat Lancelotta | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kristen Schuler Scammon | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Andrea Sullivan | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kristen Palma | President/Director | 40.00 |
Officer
Director
|
$55,397 | $11,933 | $67,330 |
| Colin Carey | Treasurer/Director | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| James M Palma | Chief Executive Officer | 50.00 |
Officer
Director
|
$168,555 | $5,502 | $174,057 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,261,609 | $839,048 | $1,016,178 | $422,561 |
| 2024 | $676,451 | $797,674 | $523,908 | $-121,223 |
| 2023 | $846,106 | $704,653 | $645,131 | $141,453 |
| 2022 | $510,511 | $467,331 | $472,447 | $43,180 |
| 2021 | $522,987 | $593,339 | $429,267 | $-70,352 |
| 2020 | $713,908 | $457,911 | $499,619 | $255,997 |
| 2019 | $383,824 | $345,981 | $243,622 | $37,843 |
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