TargetCancer Foundation Inc

EIN: 264510094 501(c)(3) Medical Research

Cambridge, MA

Total Revenue
$1,261,609
Total Expenses
$839,048
Total Assets
$1,016,178
Net Assets
$1,016,178
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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
2009
Legal Domicile
MA
Principal Officer
James Palma
Phone
6177654881
Tax Period
2024-02-01 to 2025-01-31

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.

Mission

Support for research into the causes and treatments of rare cancers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,308,131
Program Service Revenue $0
Investment Income $29,761
Other Revenue $-76,283
TOTAL REVENUE $1,261,609

Expense Breakdown

Grants Paid $0
Salaries & Benefits $402,014
Fundraising Expenses $108,005
Program Expenses $508,441
Other Expenses $437,034
TOTAL EXPENSES $839,048

Year-over-Year Comparison

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%
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

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Governance

Voting Members
11
Independent Members
9
Employees
4
Volunteers
30

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
3
$241,387
Total Directors
11
$241,387
Key Employees
0
$0
Highest Compensated
0
reported
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
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
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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