MATTHEW LARSON FOUNDATION FOR PEDIATRIC

EIN: 371540551 501(c)(3) Philanthropy & Grantmaking

FRANKLIN LAKES, NJ

Total Revenue
$1,834,174
Total Expenses
$2,499,676
Total Assets
$7,328,839
Net Assets
$7,271,852
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NJ
Principal Officer
KELLY LARSON
Phone
2014102751
Tax Period
2024-04-01 to 2025-03-31

MATTHEW LARSON FOUNDATION FOR PEDIATRIC, founded in 2007, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $2.5M exceeded revenue, resulting in a 36% operating deficit.

Mission

SEE MISSION STATEMENT BELOWTO RAISE THE AWARNESS AND FUNDS NECESSARY TO OVERCOME PEDIATRIC BRAIN TUMORS AND TO HELP THE CHILDREN AND FAMILIES AFFECTED BY THEM

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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 $280,616
Program Service Revenue $0
Investment Income $405,194
Other Revenue $1,148,364
TOTAL REVENUE $1,834,174

Expense Breakdown

Grants Paid $2,290,069
Salaries & Benefits $135,067
Fundraising Expenses $61,701
Program Expenses $2,297,769
Other Expenses $74,540
TOTAL EXPENSES $2,499,676

Year-over-Year Comparison

2024 2023 Change
Revenue $1,834,174 $1,863,417 0.0%
Expenses $2,499,676 $1,722,349 +0.5%
Net Income $-665,502 $141,068 -5.7%
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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Governance

Voting Members
22
Independent Members
22
Employees
3
Volunteers
30

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY LARSON President 25.00
Officer Director
$0 $0 $0
KIRSTEN KINCADE Vice President 15.00
Officer Director
$0 $0 $0
NICOLE KINCADE-DYE Secretary 10.00
Officer Director
$0 $0 $0
MARK DURFEE Treasurer 5.00
Officer Director
$0 $0 $0
NATALIE LARSON ASST TREASURER 15.00
Officer Director
$0 $0 $0
GREG LARSON Director 20.00
Director
$0 $0 $0
LIST ATTACHED OF ADDITIONAL 18 DIRECTORS 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
2025 $1,834,174 $2,499,676 $7,328,839 $-665,502
2024 $1,863,417 $1,722,349 $7,842,275 $141,068
2023 $1,550,590 $1,404,400 $6,616,177 $146,190
2022 $1,306,645 $1,525,883 $7,223,706 $-219,238
2021 $1,068,707 $1,007,154 $6,929,625 $61,553
2020 $1,307,629 $931,263 $5,009,681 $376,366
2019 $1,056,112 $1,025,214 $5,199,875 $30,898
2018 $1,008,953 $1,017,890 $5,068,180 $-8,937
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