CASTING 4 A CURE INC C/O WILLIAM F… - 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

2009

Legal Domicile

Principal Officer

WILLIAM FARNUM

Phone

7206352572

Tax Period

2024-01-01 to 2024-12-31

CASTING 4 A CURE INC C/O WILLIAM FARNUM, founded in 2009, is a micro nonprofit in the Diseases & Disorders sector that reported $10K in total revenue in fiscal year 2024. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $25K exceeded revenue, resulting in a 154% operating deficit.

Mission

SUPPORT RETT SYNDROME RESEARCH AND PROVIDE FAMILY SUPPORT TO THOSE AFFECTED BY RETT SYNDROME.

Program Service Accomplishments

Program 1

Expenses: $17,286

PROMOTED THE NEED FOR RETT SYNDROME RESEARCH AND PROVIDED FAMILY SUPPORT FOR THOSE AFFECTED BY RETT SYNDROME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,823

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,823

Expense Breakdown

Grants Paid $11,545

Salaries & Benefits $0

Fundraising Expenses $57

Program Expenses $17,286

Other Expenses $13,390

TOTAL EXPENSES $24,935

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,823	$73,816	-0.9%
Expenses	$24,935	$86,491	-0.7%
Net Income	$-15,112	$-12,675	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM FARNUM	EXECUTIVE DI	4.00	Officer Director	$0	$0	$0
BRADLEY J BENNETT	TREASURER	4.00	Officer Director	$0	$0	$0
JAMES COPELAND	SECRETARY	1.00	Officer Director	$0	$0	$0
DOUG POWELL	DIRECTOR	1.00	Director	$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	$9,823	$24,935	$20,937	$-15,112
2023	$73,816	$86,491	$36,049	$-12,675
2022	$280,358	$338,572	$48,724	$-58,214
2021	$421,549	$357,295	$106,938	$64,254
2020	$261,787	$246,435	$45,285	$15,352
2019	$432,374	$459,610	$29,933	$-27,236
2018	$501,955	$519,325	$57,169	$-17,370

CASTING 4 A CURE INC C/O WILLIAM FARNUM