KARMANOS CANCER FOUNDATION

EIN: 383584572 501(c)(3) Medical Research

DETROIT, MI

Total Revenue
$186,501
Total Expenses
$2,057
Total Assets
$910,750
Net Assets
$910,750
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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
2000
Legal Domicile
MI
Principal Officer
BORIS PASCHE MD
Phone
3135768935
Tax Period
2023-10-01 to 2024-09-30

KARMANOS CANCER FOUNDATION, founded in 2000, is a small nonprofit in the Medical Research sector that reported $187K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $184K, a strong 99% operating margin.

Mission

THE KARMANOS CANCER FOUNDATION'S OBJECTIVE IS TO SOLICIT, RECEIVE AND DISTRIBUTE FUNDS TO THE KARMANOS CANCER INSTITUTE, BARBARA ANN KARMANOS CANCER HOSPITAL AND AFFILIATED ENTITIES TO ENGAGE IN CHARITABLE, SCIENTIFIC, RESEARCH, EDUCATION, PREVENTION AND TREATMENT OF CANCER PATIENTS.

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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 $186,501
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $186,501

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,057
TOTAL EXPENSES $2,057

Year-over-Year Comparison

2023 2022 Change
Revenue $186,501 $354,329 -0.5%
Expenses $2,057 $3,837 -0.5%
Net Income $184,444 $350,492 -0.5%
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
13
Independent Members
11
Employees
N/A
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
4
$1,409,973
Total Directors
14
$1,082,167
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BORIS PASCHE MD BOARD MEMBER/PRESIDENT KCI 1.00
Officer Director
$0 $2,048 $248,833
BRIAN GAMBLE BOARD MEMBER/PRESIDENT KCC 1.00
Officer Director
$0 $38,067 $797,334
JIM BENNETHUM BOARD MEMBER/CHAIR - PART YEAR 1.00
Officer Director
$0 $0 $0
TIMOTHY MONAHAN BOARD MEMBER 1.00
Director
$0 $0 $36,000
DAWN ARONOFF BOARD MEMBER 1.00
Director
$0 $0 $0
GREG AVSHARIAN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL DUHAIME BOARD MEMBER 1.00
Director
$0 $0 $0
MARK FLYNN BOARD MEMBER 1.00
Director
$0 $0 $0
ADNAN HAMMAD BOARD MEMBER 1.00
Director
$0 $0 $0
PETER KARMANOS JR BOARD MEMBER 1.00
Director
$0 $0 $0
KELLEY LAFONTAINE BOARD MEMBER 1.00
Director
$0 $0 $0
MARY MUTJA BOARD MEMBER 1.00
Director
$0 $0 $0
DEBRA PATRICH BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH SAVOIE BOARD MEMBER 1.00
Director
$0 $0 $0
REGINA DOXTADER CFO 1.00
Officer
$0 $23,984 $363,806
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 $186,501 $2,057 $910,750 $184,444
2023 $354,329 $3,837 $726,306 $350,492
2023 $354,329 $3,837 $726,306 $350,492
2022 $289,654 $128,083 $375,814 $161,571
2021 $203,557 $1,907 $214,243 $201,650
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