CHAN SOON-SHIONG NANTHEALTH FOUNDATION

EIN: 273651366 501(c)(3) Medical Research

EL SEGUNDO, CA

Total Revenue
$56,979
Total Expenses
$621,890
Total Assets
$22,803,260
Net Assets
$22,531,600
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
DE
Principal Officer
PATRICK SOON-SHIONG
Phone
3108366400
Tax Period
2023-07-01 to 2024-06-30

CHAN SOON-SHIONG NANTHEALTH FOUNDATION, founded in 2010, is a micro nonprofit in the Medical Research sector that reported $57K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $622K exceeded revenue, resulting in a 991% operating deficit.

Mission

THE SPECIFIC AND PRIMARY PURPOSE OF THIS ORGANIZATION IS TO ENGAGE IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH ONE OR MORE HOSPITALS WHICH ARE DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, ARE FEDERAL HOSPITALS, OR ARE INSTRUMENTALITIES OF A GOVERNMENTAL UNIT REFERRED TO IN SECTION 170(C)(1) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS DEDICATED TO RESEARCH AND TECHNOLOGY DEVELOPMENT IN PERSONALIZED MOLECULAR MEDICINE FOR THE TREATMENT OF UNMET MEDICAL NEEDS. PERSONALIZED MOLECULAR MEDICINE PROVIDES CUSTOMIZATION OF HEALTHCARE, WITH DECISIONS AND PRACTICES BEING TAILORED TO INDIVIDUAL PATIENTS AT THE MOLECULAR LEVEL.

Program Service Accomplishments

Program 1
Expenses: $591,273

THE ORGANIZATION IS DIRECTLY ENGAGED IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH VARIOUS CLINICAL SETTINGS AND HOSPITALS. INITIALLY, THE ORGANIZATION WAS ENGAGED IN A...

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THE ORGANIZATION IS DIRECTLY ENGAGED IN THE CONTINUOUS ACTIVE CONDUCT OF MEDICAL RESEARCH IN CONJUNCTION WITH VARIOUS CLINICAL SETTINGS AND HOSPITALS. INITIALLY, THE ORGANIZATION WAS ENGAGED IN A JOINT EFFORT WITH PROVIDENCE SAINT JOHN'S HEALTH CENTER TO CONDUCT RESEARCH AND DEVELOPMENT OF PERSONALIZED MOLECULAR MEDICAL THERAPIES FOR THE TREATMENT OF UNMET MEDICAL NEEDS. CURRENTLY, THE ORGANIZATION IS ENGAGED IN JOINT EFFORTS WITH WINDBER HOSPITAL AND JOHNS HOPKINS UNIVERSITY TO CONDUCT PARALLEL RESEARCH AND DEVELOPMENT. THE ORGANIZATION PROVIDES FUNDING, DATA AND EXPERTISE AND PERFORMS SUPPORT SERVICES INCLUDING, WITHOUT LIMITATION, CUSTOM ENGINEERING, REGULATORY AND MEDICAL SUPPORT SERVICES FOR EACH PROJECT CONDUCTED THROUGH ITS JOINT EFFORTS WITH WINDBER HOSPITAL AND JOHNS HOPKINS UNIVERSITY. THE ORGANIZATION ALSO PLANS TO CONDUCT MEDICAL RESEARCH PROJECTS IN COLLABORATION WITH VARIOUS UNIVERSITIES, PARTICULARLY RESEARCH PROJECTS LED BY FACULTY OF THE UNIVERSITY OF CALIFORNIA AND PARTNER INSTITUTIONS. THE ORGANIZATION WILL ANNUALLY EXPEND FUNDS EQUAL TO 3.5% OR MORE OF THE FAIR MARKET VALUE OF ITS ENDOWMENT FOR THE CONTINUOUS CONDUCT OF MEDICAL RESEARCH OR WILL DEVOTE MORE THAN ONE HALF OF ITS ASSETS TO THE CONTINUOUS CONDUCT OF MEDICAL RESEARCH. THE ORGANIZATION HAS CONTRACTED WITH CHAN SOON-SHIONG INSTITUTE OF MOLECULAR MEDICINE AT WINDBER TO STUDY THE LONG-TERM EFFECTS OF COVID-19 IN BREAST CANCER PATIENTS. THE STUDY INVOLVES OVER 400 PARTICIPANTS. BREAST CANCER IS A COMMON CANCER IN WOMEN WITH 685,000 WORLDWIDE DEATHS IN THE YEAR 2020 ALONE. APPROXIMATELY 30% OF ALL NEW FEMALE CANCERS ARE BREAST CANCER. MANY OF THE ESTABLISHED RISK FACTORS ARE LINKED TO ESTROGEN. RISK IS INCREASED BY BEGINNING MENSTRUATION AT A YOUNG AGE, ENTERING MENOPAUSE LATER IN LIFE, AND OBESITY IN POSTMENOPAUSAL WOMEN. THE PHYSIOLOGICAL ENVIRONMENT THAT STIMULATES SOMATIC CELLS PROLIFERATION AND DIFFERENTIATION LEADING TO CARCINOMA ARE NOT WELL UNDERSTOOD. THE RELATIONSHIP BETWEEN INFLAMMATION AND CANCER IS EMERGING. INFLAMMATORY DISEASES INCREASE THE RISK OF DEVELOPING CANCER. PLASMA FROM PARTICIPANTS IN THE STUDY WHO HAD COVID-19 OR NOT WILL BE UTILIZED TO UNDERSTAND THE ANTI-INFLAMMATORY IMMUNE RESPONSE IN PATIENTS WITH PREVIOUS BREAST CANCER DIAGNOSIS AND COMPARE WITH PARTICIPANTS WITH NO PREVIOUS CANCER DIAGNOSIS (CONTROLS). THE HYPOTHESIS IS THAT THE INCREASED IMMUNE RESPONSE TO COVID-19 RESULTS IN A CHRONIC IMMUNE RESPONSE IN THE BREAST CHANGING THE MICROENVIRONMENT FROM AT TH1 RESPONSE TO A TH2 RESPONSE WHICH RESULTS IN MORE AGGRESSIVE BREAST CANCER. THE STUDY IS ONGOING AND SIGNIFICANT FINDINGS WILL BE PUBLISHED UPON COMPLETION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $56,979
Other Revenue $0
TOTAL REVENUE $56,979

Expense Breakdown

Grants Paid $160,000
Salaries & Benefits $373,545
Fundraising Expenses $0
Program Expenses $591,273
Other Expenses $88,345
TOTAL EXPENSES $621,890

Year-over-Year Comparison

2023 2022 Change
Revenue $56,979 $65,306 -0.1%
Expenses $621,890 $716,071 -0.1%
Net Income $-564,911 $-650,765 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
2
Employees
1
Volunteers
2

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
$0
Total Directors
4
$0
Key Employees
1
$321,442
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILLIP B GORDON DIRECTOR OF GOVT. RELATIONS 40.0
Key Emp
$278,183 $43,259 $321,442
PATRICK SOON-SHIONG PRESIDENT, DIRECTOR 1.0
Officer Director
$0 $0 $0
MICHELE B SOON-SHIONG TREASURER, DIRECTOR 1.0
Officer Director
$0 $0 $0
LEONARD SHAPIRO DIRECTOR, SECRETARY 0.0
Officer Director
$0 $0 $0
MICHAEL SITRICK DIRECTOR 1.0
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
2025 No data No data No data No data
2024 $56,979 $621,890 $22,803,260 $-564,911
2023 $65,306 $716,071 $23,283,551 $-650,765
2022 $49,958 $1,093,609 $23,830,252 $-1,043,651
2021 $63,681 $483,866 $24,916,368 $-420,185
2020 $158,262 $1,687,532 $25,380,484 $-1,529,270
2019 $1,678,702 $4,938,497 $26,914,279 $-3,259,795
2018 $254,616 $9,152,816 $35,744,374 $-8,898,200
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