A Breath of Hope Lung Foundation

EIN: 300475578 501(c)(3) Diseases & Disorders

Bloomington, MN

Total Revenue
$1,259,978
Total Expenses
$1,435,203
Total Assets
$1,489,567
Net Assets
$1,410,220
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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MN
Principal Officer
Teri Cannon
Phone
9522307350
Tax Period
2025-01-01 to 2025-12-31

A Breath of Hope Lung Foundation, founded in 2008, is a community nonprofit in the Diseases & Disorders sector that reported $1.3M in total revenue in fiscal year 2025. Expenses of $1.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

We improve lives by advacing lung cancer research, education and support.

Program Service Accomplishments

Program 1
Expenses: $482,168

Lung Cancer Education: Education is a critical component to improve outcomes and save lives. Through comprehensive education efforts we increase awareness, empower patients, and equip providers with...

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Lung Cancer Education: Education is a critical component to improve outcomes and save lives. Through comprehensive education efforts we increase awareness, empower patients, and equip providers with the latest knowledge. Public Education: Through targeted awareness efforts, we emphasize the importance of screening and early diagnosis, when treatment is most effective. By reducing stigma and increasing knowledge, we aim to improve early detection rates and radon awareness and ultimately increase survival. Patient Education: We provide accessible, patient-centered education through YouAndLungCancer.org, which features easy-to-follow learning modules and downloadable infographics. In addition, the Midwest Lung Cancer Summit brings together patients, caregivers, and families for in-depth education and connection. These resources equip individuals affected by lung cancer with the knowledge needed to navigate their diagnosis and care with confidence. Provider Education: We support healthcare professionals through specialized education programs, including the Rural Lung Cancer Summit and Biomarker Summits, which bring providers together to connect, collaborate, and share practical strategies to improve lung cancer survival. With a focus on biomarker testing, screening, and the unique challenges faced in rural and underserved communities, these initiatives advance personalized care and help ensure patients receive timely, evidence-based treatment regardless of geographic location.

Program 2
Expenses: $283,697

Lung Cancer Research: A Breath of Hope advances innovative lung cancer research aimed at improving early detection, expanding treatment options, and increasing survival rates. The organization...

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Lung Cancer Research: A Breath of Hope advances innovative lung cancer research aimed at improving early detection, expanding treatment options, and increasing survival rates. The organization focuses its research investments on early-career researchers, supporting the next generation of scientists and clinicians dedicated to lung cancer. By investing in emerging talent, we help retain bright minds in the lung cancer field and drive fresh ideas and innovation. Our research efforts emphasize translational research to accelerate progress toward more effective, personalized treatment.

Program 3
Expenses: $254,953 Revenue: $12,440

Lung Cancer Support and Community Building: We provide comprehensive support services to ensure individuals and families affected by lung cancer do not navigate their journey alone. We build a...

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Lung Cancer Support and Community Building: We provide comprehensive support services to ensure individuals and families affected by lung cancer do not navigate their journey alone. We build a strong, inclusive lung cancer community where individuals feel connected, supported, and empowered. Key support offerings include: Support Groups: Professionally facilitated groups provide safe, compassionate spaces for individuals living with lung cancer and those who are grieving to share experiences. Transportation Assistance: Ride support helps patients access critical medical appointments and treatments, reducing barriers to care. Physical & Mental Health Support: Resources and programs support overall well-being, addressing both the physical and emotional impacts of living with lung cancer. Diet & Nutrition Guidance: Education and resources help individuals maintain strength and improve quality of life through informed nutrition choices. Peer-to-Peer Mentoring: One-on-one connections match individuals with mentors who have shared experience, offering personalized guidance, encouragement, and hope.Key community-building efforts include: Walk, Run, and Rally Event: This event brings the community together to raise awareness, inspire hope, and honor those impacted. Lifestyle & Wellness Events: Gatherings focus on connection and well-being providing uplifting experience such as painting classes and other fun activities. Open Community Space: An open door and welcoming environment offer a place for individuals to connect, talk, reflect, access resources, or simply spend time with others who understand their experience. Peer Connection Opportunities: Informal opportunities to build relationships help reduce isolation and foster a sense of belonging among patients, survivors, and caregivers.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,272,680
Program Service Revenue $14,275
Investment Income $5,726
Other Revenue $-32,703
TOTAL REVENUE $1,259,978

Expense Breakdown

Grants Paid $262,500
Salaries & Benefits $727,574
Fundraising Expenses $215,207
Program Expenses $1,020,818
Other Expenses $445,129
TOTAL EXPENSES $1,435,203

Year-over-Year Comparison

2025 2024 Change
Revenue $1,259,978 $1,229,594 +0.0%
Expenses $1,435,203 $1,251,534 +0.1%
Net Income $-175,225 $-21,940 +7.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
9
Volunteers
330

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
8
$334,349
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Justin Ballsrud Board member 0.50
Director
$0 $0 $0
Peter Bucka Board member 0.50
Director
$0 $0 $0
Jonathan Hovda Board member 0.50
Director
$0 $0 $0
Teri Kast Board member 0.50
Director
$0 $0 $0
Joe Leach Board member 0.50
Director
$0 $0 $0
Peter Leatherman Board member 0.50
Director
$0 $0 $0
Kostantinos Leventakos Board member 0.50
Director
$0 $0 $0
Steve Link Board member 0.50
Director
$0 $0 $0
Andrew McPherson Board member 0.50
Director
$0 $0 $0
Jennifer Olson Board member 0.50
Director
$0 $0 $0
Lori Shipman Board member 0.50
Director
$0 $0 $0
Janet Huss Chair (1/1-4/1) 2.50
Officer Director
$0 $0 $0
Randy Hertog Chair (4/1-12/31) 2.50
Officer Director
$0 $0 $0
Manish Patel Vice Chair 1.00
Officer Director
$0 $0 $0
Anna Kate Bush Secretary 1.00
Officer Director
$0 $0 $0
Mike Koroscik Treasurer 1.00
Officer Director
$0 $0 $0
Teri Cannon Executive Director (6/16-12/31) 50.00
Officer
$119,492 $3,825 $123,317
Nancy Torrison Executive Director (1/1-6/16) 35.00
Officer
$110,300 $4,005 $114,305
Nang Her Finance & Operations Director 40.00
Officer
$90,517 $6,210 $96,727
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 $1,259,978 $1,435,203 $1,489,567 $-175,225
2024 $1,229,594 $1,251,534 $1,660,128 $-21,940
2023 $1,477,220 $1,127,598 $1,720,466 $349,622
2022 $1,285,088 $1,149,439 $1,317,945 $135,649
2021 $1,194,306 $932,955 $1,150,164 $261,351
2021 $1,194,306 $932,955 $1,150,164 $261,351
2020 $942,152 $653,816 $887,172 $288,336
2019 $1,020,799 $877,477 $601,045 $143,322
2018 $868,546 $908,539 $459,494 $-39,993
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