BARBARA ANN KARMANOS CANCER INSTITUTE (EIN 381613280) - Form 990 Financial Analysis & Trantor Score

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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

1947

Legal Domicile

Principal Officer

BORIS PASCHE MD

Phone

8005276266

Tax Period

2023-10-01 to 2024-09-30

BARBARA ANN KARMANOS CANCER INSTITUTE, founded in 1947, is a mid-sized nonprofit in the Medical Research sector that reported $25.4M in total revenue in fiscal year 2023. Expenses of $32.8M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO LEAD IN TRANSFORMATIVE CANCER CARE, RESEARCH AND EDUCATION THROUGH COURAGE, COMMITMENT AND COMPASSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,781,666

Program Service Revenue $11,015,314

Investment Income $5,385,862

Other Revenue $3,213,117

TOTAL REVENUE $25,395,959

Expense Breakdown

Grants Paid $66,235

Salaries & Benefits $16,946,149

Fundraising Expenses $2,120,833

Program Expenses $25,657,854

Other Expenses $15,734,128

TOTAL EXPENSES $32,770,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,395,959	$24,422,883	+0.0%
Expenses	$32,770,709	$32,095,526	+0.0%
Net Income	$-7,374,750	$-7,672,643	0.0%

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

306

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

$612,639

Total Directors

$12,144,606

Key Employees

$3,290,186

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMONTHY MONAHAN	BOARD MEMBER & CHAIR	1.00	Director	$0	$0	$36,000
DANIEL RET	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY ESPY PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
GEANEEN M ARENDS	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN CULLEN	BOARD MEMBER - PART YEAR	1.00	Director	$0	$0	$0
MICHAEL DUHAIME	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID E DUPREY	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP A INCARNATI	BOARD MEMBER	1.00	Director	$0	$48,318	$11,859,773
SHARI FERBER-KAUFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SYLVESTER HESTER	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM BENNETHUM	BOARD MEMBER - PART YEAR	1.00	Director	$0	$0	$0
SCOTT HUNTER	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM KALAS	BOARD MEMBER	1.00	Director	$0	$0	$0
BORIS PASCHE MD	BOARD MEMBER/PRESIDENT KCI	41.00	Officer Director	$0	$2,048	$248,833
REGINA DOXTADER	VP CFO & SECRETARY	21.00	Officer	$339,822	$23,984	$363,806
PRAVEEN DALMIA	CORP DIR RADIATION SVCS-PART YEAR	40.00	Key Emp	$437,987	$50,364	$488,351
SCOTT MCCARTER	IT SITE DELIVERY MANAGER	40.00	Key Emp	$318,340	$58,843	$377,183
LAUREN LAWRENCE	VP KARMANOS CANCER NETWORK-PART YEAR	40.00	Key Emp	$315,135	$20,962	$336,097
AMY RYDER	VP HUMAN RESOURCES	40.00	Key Emp	$297,459	$34,559	$332,018
EVANO PIASENTIN	ACD & VP RESEARCH ADMIN	40.00	Key Emp	$278,442	$13,169	$291,611
DORIS RANSKI-ZAZULA	VP KARMANOS CANCER NETWORK	40.00	Key Emp	$222,277	$19,585	$241,862
ANN SCHWARTZ	VP RES & ADAC AFFAIRS/DEP DIRECTOR	40.00	Key Emp	$206,867	$4,151	$211,018
JOSEPH NUGENT	DIRECTOR INFORMATION TECHNOLOGY SVC	40.00	Key Emp	$206,988	$23,187	$230,175
MONICA PAPASIAN	DIRECTOR OF FINANCE ACCOUNTING	40.00	Key Emp	$188,219	$26,274	$214,493
SARAH BIGELOW	VP CLINICAL TRIALS OFFICE	40.00	Key Emp	$184,449	$6,954	$191,403
PATRICIA KEIGHER	REG DIR CANCER SERVICES	40.00	Key Emp	$176,755	$14,291	$191,046
TAMARA COLLINS	VP MARKETING BUSINESS DEV	40.00	Key Emp	$172,717	$12,212	$184,929
NICHOLAS ERIKSON	REG DIR CANCER SERVICES - PART YEAR	40.00	Highest	$157,940	$35,239	$193,179
RICHARD MORRISON	SYSTEMS ENGINEER SR	40.00	Highest	$171,110	$32,549	$203,659
BENJAMIN HERRING	DIR RESEARCH ADMINISTRATION	40.00	Highest	$159,154	$34,165	$193,319
THOMAS BELCHER	MGR IT PROGRAMS	40.00	Highest	$159,416	$19,755	$179,171
JODY HURTUBISE	DIR ACCOUNTING FINANCE	40.00	Highest	$149,915	$15,585	$165,500
GEROLD BEPLER MD PHD	FORMER PRESIDENT & CEO, SECRETARY	1.00		$0	$0	$1,134,476

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	$25,395,959	$32,770,709	$250,659,734	$-7,374,750
2023	$24,422,883	$32,095,526	$262,170,775	$-7,672,643
2023	$24,422,883	$32,095,526	$262,170,775	$-7,672,643
2022	$20,019,808	$26,764,007	$178,664,005	$-6,744,199
2021	$20,601,972	$25,730,919	$178,546,301	$-5,128,947
2020	$20,026,722	$28,207,466	$127,245,823	$-8,180,744
2019	$20,253,461	$28,021,746	$119,868,588	$-7,768,285
2018	$34,007,105	$27,765,811	$102,855,317	$6,241,294

BARBARA ANN KARMANOS CANCER INSTITUTE