MATTHEW LARSON FOUNDATION FOR PEDI… - Form 990 Financial Data

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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

2007

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $1,218,248

THE FOUNDATION (AKA "IRONMATT") FUNDS CUTTING-EDGE RESEARCH TO ULTIMATELY FIND A CURE FOR PEDIATRIC BRAIN TUMORS. IRONMATT ALSO SUPPORTS INVESTIGATORS LOOKING INTO WAYS TO LESSEN THE NEGATIVE...

THE FOUNDATION (AKA "IRONMATT") FUNDS CUTTING-EDGE RESEARCH TO ULTIMATELY FIND A CURE FOR PEDIATRIC BRAIN TUMORS. IRONMATT ALSO SUPPORTS INVESTIGATORS LOOKING INTO WAYS TO LESSEN THE NEGATIVE LONG-TERM EFFECTS THAT TREATMENT INCLUDING SURGERY, CHEMOTHERAPY, AND RADIATION HAVE ON A CHILKD'S GROWING BRAIN. A MEDICAL ADVISORY COMITTE, COMPOSED OF DOCTORS FROM PROMINENT RESEARCH HOSPITALS NATIONWIDE, GUIDES, COMPOSED OF DOCTORS FROM PROMINENT RESEARCH HOSPITALS NATIONWIDE, GUIDES THE FOUNDATION IN DETERMINING THE SCIENTIFIC MERIT OF MEDICAL GRANTS.

Program 2

Expenses: $1,071,821

IRONMATT PROVIDES ASSISTANCE TO QUALIFIED FAMILIES WHO HAVE A CHILD UNDERGOING TREATMENT FOR A BRAIN OR CENTRAL NERVOUS SYSTEM (CNS) CANCER. HARDSHIPS ASSOCIATED WITH HAVING A CHILD DIAGNOSED WITH A CANCER INCLUDE INCREASED EXPENSES AS THEY EXPERIENCE A DIFFICULT TREATMENT REGIMEN OR EXTENDED HOSPITALIZATION.

Program 3

Expenses: $7,700

IRONMATT INCREASES AWARENESS OF PEDIATRIC BRAIN TUMORS THROUGH PARTICIPATION IN ASSOCIATIONS AND SPONSORSHIP OF SYMPOSIUMS. IRONMATT COLLABORATED WITH LEADING NONPROFIT ORGANIZATIONS TO WORK TOGETHER TO RAISE AWARENESS AND ADVANCE RESEARCH IN AN EFFORT TO FIND A CUREOF CHILDHOOD CANCERS.IRONMATT CO-SPONSORS SYMPOSIUMS THAT BRING TOGETHER HEALTHCAARE PROFESSIONALS FROM AROUND THE WORLD TO PRESENT CURRENT TRENDS IN CARE, MANAGEMENT AND TREATMENT OF PATIENTS WITH CENTRAL NERVOUS SYSTEM TUMORS.THIS PROVIDES A PLATFORM AT WHICH NEW INFORMATION AND RESULTS CAN BE SHARED AND NEW COLLABORATIONS CAN BE ESTABLISHED.

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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%)

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

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

MATTHEW LARSON FOUNDATION FOR PEDIATRIC