BARBARA ANN KARMANOS CANCER INSTITUTE

EIN: 381613280 501(c)(3) Medical Research

DETROIT, MI

Total Revenue
$25,395,959
Total Expenses
$32,770,709
Total Assets
$250,659,734
Net Assets
$211,916,477
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
MI
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.

Program Service Accomplishments

Program 1
Expenses: $18,271,456 Revenue: $6,280,871

CANCER RESEARCH: AT KARMANOS CANCER INSTITUTE (KCI), THE INSTITUTES INVESTIGATORS CONDUCT ALL FORMS OF RESEARCH INTO THE PREVENTION, DETECTION, TREATMENT AND CAUSES OF CANCER. TYPES OF RESEARCH...

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CANCER RESEARCH: AT KARMANOS CANCER INSTITUTE (KCI), THE INSTITUTES INVESTIGATORS CONDUCT ALL FORMS OF RESEARCH INTO THE PREVENTION, DETECTION, TREATMENT AND CAUSES OF CANCER. TYPES OF RESEARCH CONDUCTED AT KCI INCLUDE: BASIC, CLINICAL, EPIDEMIOLOGICAL AND BEHAVIORAL. THE CORE RESEARCH FACILITIES OF KCI SERVE TO ENHANCE RESEARCH IN ALL OF THE PROGRAMS BY SUPPLYING INSTRUMENTATION AND/OR EXPERTISE THAT INDIVIDUAL INVESTIGATORS REQUIRE TO PERFORM CUTTING-EDGE RESEARCH. RESEARCH AT KCI IS ORGANIZED WITHIN THE FOLLOWING FOUR PROGRAMS: (1) MOLECULAR IMAGING, (2) MOLECULAR THERAPEUTICS, (3) POPULATION STUDIES AND DISPARITIES RESEARCH, AND (4) TUMOR BIOLOGY & MICROENVIRONMENT.

Program 2
Expenses: $96,745 Revenue: $96,745

KCI IS PART OF THE MICHIGAN BREAST & CERVICAL CANCER CONTROL PROGRAM (BCCCP): THIS PROGRAM IS AVAILABLE TO INDIVIDUALS MEETING THE FOLLOWING CRITERIA: (1) HAVE AN INCOME BELOW 250% OF THE FEDERAL...

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KCI IS PART OF THE MICHIGAN BREAST & CERVICAL CANCER CONTROL PROGRAM (BCCCP): THIS PROGRAM IS AVAILABLE TO INDIVIDUALS MEETING THE FOLLOWING CRITERIA: (1) HAVE AN INCOME BELOW 250% OF THE FEDERAL POVERTY LEVEL, (2) BE UNINSURED OR UNDERINSURED (3) BE AGE 40-64 FOR BREAST/CERVICAL CANCER SCREENING/DIAGNOSTIC/TREATMENT SERVICES , (4) BE AGE 21-39, REFERRED TO THE BCCCP WITH AN ABNORMAL PAP TEST OR CLINICAL BREAST EXAM WHICH REQUIRES BREAST/CERVICAL DIAGNOSTIC SERVICES. THE BCCCP PROVIDES BREAST CARE SERVICES SUCH AS CLINICAL BREAST EXAMS, MAMMOGRAMS, FOLLOW UP TESTS AND IF NEEDED, CANCER-RELATED TREATMENT. THE BCCCP ALSO PROVIDES CERVICAL CARE SERVICES SUCH AS PAP SMEARS, PELVIC EXAMS, FOLLOW UP TESTS AND IF NEEDED, CANCER-RELATED TREATMENT. THE BCCCP CAN ENROLL AND PROVIDE POST-SCREENING DIAGNOSTIC FOLLOW UP CARE (IMAGING, BIOPSY, OTHER) FOR INSURED WOMEN WHOSE DEDUCTIBLE CREATES A FINANCIAL HARDSHIP IF THEY MEET THE ABOVE BCCCP ELIGIBILITY REQUIREMENTS.

Program 3
Expenses: $7,289,653 Revenue: $4,637,698

AFFILIATION / NETWORK SUPPORT, COMMUNITY EDUCATION, & CORD STEM CELL BANK: COMMUNITY EDUCATION PROVIDED BY KCI STAFF AND VOLUNTEERS OCCUR THROUGH VISITS TO BUSINESSES, CHURCHES, SCHOOLS, SHOPPING...

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AFFILIATION / NETWORK SUPPORT, COMMUNITY EDUCATION, & CORD STEM CELL BANK: COMMUNITY EDUCATION PROVIDED BY KCI STAFF AND VOLUNTEERS OCCUR THROUGH VISITS TO BUSINESSES, CHURCHES, SCHOOLS, SHOPPING MALLS, HEALTH CARE FORUMS AND VIRTUALLY ANY VENUE CONDUCIVE TO INFORMING INDIVIDUALS ON WAYS TO PREVENT CANCER AND ITS WARNING SIGNS, AND THE VERY LATEST IN SCREENING, DIAGNOSTICS, TREATMENT AND FOLLOW-UP CARE THROUGH EDUCATIONAL PRESENTATIONS, MATERIALS AND DISPLAYS. KCI OFFERS FREE FACT SHEETS ON THE MOST COMMON FORMS OF CANCER AND TOPICS OF INTEREST. THESE ARE GEARED TO PERSONS CONCERNED ABOUT THEIR CANCER RISK AND INTERESTED IN PREVENTION AND EARLY DETECTION NOT TO PERSONS DIAGNOSED WITH CANCER. GENETIC COUNSELING EDUCATIONAL SESSIONS ARE OFFERED ON A REGULAR BASIS AT KCI AND BY APPOINTMENT. PARTICIPANTS LEARN ABOUT INHERITED BREAST AND OVARIAN CANCER GENES AND HOW TO REDUCE THEIR RISK. KCI ALSO SUPPORTS EFFORTS AND PROVIDES RESOURCES TO HELP INDIVIDUALS SUCCESSFULLY QUIT SMOKING. THE J.P. MCCARTHY CORD STEM CELL BANK AT KCI IS A PUBLIC, NON-PROFIT STEM CELL BANK WITH OVER 2,800 UMBILICAL CORD BLOOD UNITS IN ITS INVENTORY. THE BANK WAS FOUNDED IN 2001 WITH FUNDING FROM THE J.P. MCCARTHY FUND AND THE CARLS FOUNDATION AND IS ONE OF ONLY A FEW INTERNATIONALLY RECOGNIZED CORD STEM CELL BANKS AFFILIATED WITH THE NATIONAL MARROW DONOR PROGRAM. THE BANK WAS CREATED IN ANTICIPATION OF PROVIDING LIFE-SAVING HOPE TO PEOPLE WHO HAVE BEEN DIAGNOSED WITH CANCER AND SERIOUS BLOOD DISORDERS. KCI COLLECTS, PROCESSES AND STORES DONATED UMBILICAL CORD BLOOD THAT BECOMES A READILY AVAILABLE SOURCE OF HEMATOPOIETIC STEM CELLS FOR TRANSPLANT IN CHILDREN AND ADULTS WITH LEUKEMIA, LYMPHOMA, SICKLE CELL DISEASE OR OTHER LIFE-THREATENING CONDITIONS. THE J.P. MCCARTHY CORD BLOOD BANK AND CARLS PROCESSING LABORATORY IS ALSO ACCREDITED BY THE FOUNDATION FOR THE ACCREDITATION OF CELLULAR THERAPY (FACT). THE ACCREDITATION SIGNIFIES THE HIGHEST STANDARDS OF PRACTICE IN COLLECTION, PROCESSING AND TRANSPLANTATION. THIS ACCREDITATION DEMONSTRATES THE COMMITMENT TO QUALITY IN CORD BLOOD BANKING THROUGH ADHERENCE TO RIGOROUS STANDARDS THAT ARE VERIFIED BY PERIODIC INSPECTION AND PEER REVIEW.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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Governance

Voting Members
12
Independent Members
9
Employees
306
Volunteers
11

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
2
$612,639
Total Directors
14
$12,144,606
Key Employees
12
$3,290,186
Highest Compensated
5
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
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