RAY OF HOPE CANCER FOUNDATION

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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

2002

Legal Domicile

Principal Officer

MAURO VILLASENOR

Phone

7202385401

Tax Period

2023-01-01 to 2023-12-31

RAY OF HOPE CANCER FOUNDATION, founded in 2002, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE FOUNDATION RESPONDS TO THE URGENT NEEDS OF COLORADANS WITH CANCER BY PROVIDING FINANCIAL ASSISTANCE WITH DIGNITY AND HUMANITY.

Program Service Accomplishments

Program 1

Expenses: $976,605

THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO CANCER PATIENTS WITH MARGINAL RESOURCES OF ALL AGES THROUGHOUT COLORADO. A GRANTS COMMITTEE, COMPRISED OF A MULTI-DISCIPLINARY GROUP OF MEDICAL...

THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO CANCER PATIENTS WITH MARGINAL RESOURCES OF ALL AGES THROUGHOUT COLORADO. A GRANTS COMMITTEE, COMPRISED OF A MULTI-DISCIPLINARY GROUP OF MEDICAL PROFESSIONALS, SOCIAL WORKERS, AND COMMUNITY MEMBERS, MEETS MONTHLY TO APPROVE APPLICATIONS RECEIVED BY THE FOUNDATION. IN 2023, THE FOUNDATION AWARDED GRANTS AND OTHER ASSISTANCE TO 780 CANCER PATIENTS.

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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 $675,085

Program Service Revenue $0

Investment Income $105,001

Other Revenue $222,813

TOTAL REVENUE $1,002,899

Expense Breakdown

Grants Paid $757,108

Salaries & Benefits $310,478

Fundraising Expenses $117,637

Program Expenses $976,605

Other Expenses $123,950

TOTAL EXPENSES $1,191,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,002,899	$922,517	+0.1%
Expenses	$1,191,536	$1,050,860	+0.1%
Net Income	$-188,637	$-128,343	+0.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$123,475

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUDRA FLEMING	EXECUTIVE DI	40.00	Officer	$123,475	$0	$123,475
ANNA-LIISA MULLIES JD	CHAIR	1.00	Officer Director	$0	$0	$0
BOB JONES	DIRECTOR	1.00	Director	$0	$0	$0
JENNY LAGERBERG	TREASURER	1.00	Officer Director	$0	$0	$0
DANA MALICK	DIRECTOR	1.00	Director	$0	$0	$0
STACY FISCHER MD	DIRECTOR	1.00	Director	$0	$0	$0
RYAN MURPHY	DIRECTOR	1.00	Director	$0	$0	$0
AMBER MYERS	DIRECTOR	1.00	Director	$0	$0	$0
AMY WHITED	DIRECTOR	1.00	Director	$0	$0	$0
MAURO VILLASENOR	DIRECTOR OF	40.00	Officer	$0	$0	$0

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	$1,002,899	$1,191,536	$2,646,647	$-188,637
2022	$922,517	$1,050,860	$2,749,439	$-128,343
2021	$1,174,867	$1,037,712	$3,129,583	$137,155
2020	$1,158,224	$1,041,056	$2,890,394	$117,168
2019	$624,529	$823,486	$2,796,163	$-198,957
2018	$806,578	$765,540	$2,654,319	$41,038