AIMING FOR A CURE FOUNDATION

EIN: 320118340 501(c)(3) Medical Research

Iowa City, IA

Total Revenue
$526,773
Total Expenses
$595,071
Total Assets
$303,214
Net Assets
$303,214
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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
2004
Legal Domicile
IA
Phone
6303387837
Tax Period
2024-01-01 to 2024-12-31

AIMING FOR A CURE FOUNDATION, founded in 2004, is a small nonprofit in the Medical Research sector that reported $527K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $595K exceeded revenue, resulting in a 13% operating deficit.

Mission

The mission of the Aiming For A Cure Foundation is to support children and families who are dealing with difficult times and decisions in our local communities. Our goal is to improve the quality of life for these children and families who are affected by cancer, through the fund

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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 $518,384
Program Service Revenue $0
Investment Income $8,389
Other Revenue $0
TOTAL REVENUE $526,773

Expense Breakdown

Grants Paid $393,985
Salaries & Benefits $0
Fundraising Expenses $144,941
Program Expenses $393,985
Other Expenses $201,086
TOTAL EXPENSES $595,071

Year-over-Year Comparison

2024 2023 Change
Revenue $526,773 $557,962 -0.1%
Expenses $595,071 $602,299 0.0%
Net Income $-68,298 $-44,337 +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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
75

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
5
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Corbin Brumwell Director 1.00
Director
$0 $0 $0
Michelle Altmaier Director 1.00
Director
$0 $0 $0
Lori Johnson Secretary 1.00
Officer
$0 $0 $0
Todd Ettleman Officer 1.00
Officer
$0 $0 $0
Ryan Giannini Vice President 1.00
Officer
$0 $0 $0
Rachel Ries President 5.00
Officer
$0 $0 $0
Nathaniel Prom Treasurer 2.00
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 $526,773 $595,071 $303,214 $-68,298
2023 $557,962 $602,299 $371,512 $-44,337
2022 $477,156 $407,241 $415,849 $69,915
2021 $265,430 $189,210 $336,242 $76,220
2020 $258,306 $223,477 $251,535 $34,829
2019 $245,018 $342,763 $208,299 $-97,745
2018 $261,247 $392,082 $295,120 $-130,835
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