WOOD HUDSON CANCER RESEARCH LABORATORY INC

EIN: 341336975 501(c)(3)

NEWPORT, KY

Total Revenue
$2,259,833
Total Expenses
$548,073
Total Assets
$57,730,042
Net Assets
$57,691,717
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
KY
Principal Officer
ROBERT J LAYTON CPA
Phone
8595817249
Tax Period
2023-01-01 to 2023-12-31

WOOD HUDSON CANCER RESEARCH LABORATORY INC, founded in 1981, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. The organization ran a surplus of $1.7M, a strong 76% operating margin.

Mission

RESEARCH INSTITUTE DEDICATED TO THE DISCOVERY OF NEW KNOWLEDGE REGARDING THE CAUSES, DIAGNOSIS, TREATMENT, AND PREVENTION OF CANCER. ALL DISCOVERIES RESULTING FROM ONGOING RESEARCH ARE FREELY GIVEN TO THE SCIENTIFIC AND MEDICAL COMMUNITY THROUGH PROMPTLY REPORTED PEER REVIEWED PUBLICATIONS. WOOD HUDSON APPROACHES THE CANCER PROBLEM THREE WAYS:1) STUDY OF CLINICAL CASES AND EXPERIMENTAL MODELS OF CANCER TO LEARN NEW METHODS OF CANCER PREVENTION, DIAGNOSIS, PROGNOSIS, AND TREATMENT;2) STUDY OF ENVIRONMENTAL CAUSES OF CANCER, PARTICULARLY FOOD AND DRINKING WATER CHEMICALS;3) AND PROVISION OF TRAINING AND "HANDS-ON" RESEARCH EXPERIENCE FOR TOMORROW'S SCIENTISTS AND PHYSICIANS THROUGH ITS UNDERGRADUATE RESEARCH EDUCATION PROGRAM

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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 $2,193,495
Program Service Revenue $0
Investment Income $8,443
Other Revenue $57,895
TOTAL REVENUE $2,259,833

Expense Breakdown

Grants Paid $0
Salaries & Benefits $311,213
Fundraising Expenses $5,595
Program Expenses $499,239
Other Expenses $236,860
TOTAL EXPENSES $548,073

Year-over-Year Comparison

2023 2022 Change
Revenue $2,259,833 $2,121,375 +0.1%
Expenses $548,073 $528,883 +0.0%
Net Income $1,711,760 $1,592,492 +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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
15
Volunteers
12

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
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA H CARTER PH D PRESIDENT & CHAIRMAN 40.00
Officer Director
$0 $0 $0
ROBERT E SANDERS ESQ SECRETARY 2.00
Officer Director
$0 $0 $0
SIDNEY W CARTER PH D TRUSTEE 2.00
Director
$0 $0 $0
LARRY E DOUGLASS MD TRUSTEE 15.00
Director
$0 $0 $0
KATHLEEN M MUELLER RN BSN MBA TRUSTEE 2.00
Director
$0 $0 $0
MICHAEL P MURRAY CRRE TRUSTEE 2.00
Director
$0 $0 $0
JEREMY R GRAFF PH D TRUSTEE 2.00
Director
$0 $0 $0
DOUGLAS J HARTMAN MD TRUSTEE 2.00
Director
$0 $0 $0
MARK SHIELDS TRUSTEE 2.00
Director
$0 $0 $0
ROBERT J LAYTON CPA TREASURER 2.00
Officer Director
$0 $0 $0
TYLER KETTE TRUSTEE 2.00
Director
$0 $0 $0
RONALD SNYDER PHD TRUSTEE 2.00
Director
$0 $0 $0
ALLISON BARLETT MD TREASURER 2.00
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 No data No data No data No data
2023 $2,259,833 $548,073 $57,730,042 $1,711,760
2022 $2,121,375 $528,883 $55,981,117 $1,592,492
2021 $1,503,910 $495,132 $54,376,827 $1,008,778
2020 $2,031,913 $558,547 $53,369,415 $1,473,366
2019 $3,250,668 $527,683 $51,776,778 $2,722,985
2018 $4,040,640 $691,678 $48,978,488 $3,348,962
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