KARMANOS CANCER FOUNDATION

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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

Principal Officer

BORIS PASCHE MD

Phone

3135768935

Tax Period

2024-10-01 to 2025-07-23

KARMANOS CANCER FOUNDATION, founded in 2000, is a small nonprofit in the Medical Research sector that reported $125K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $122K, a strong 97% operating margin.

Mission

RAISE FUNDS TO SUPPORT THE MISSION OF KARMANOS CANCER INSTITUTE AND OTHER AFFILIATED ENTITIES.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE KARMANOS CANCER FOUNDATION'S OBJECTIVE IS TO SOLICIT, RECEIVE AND DISTRIBUTE FUNDS TO THE BARBARA ANN KARMANOS CANCER INSTITUTE, BARBARA ANN KARMANOS CANCER HOSPITAL AND AFFILIATED ENTITIES TO...

THE KARMANOS CANCER FOUNDATION'S OBJECTIVE IS TO SOLICIT, RECEIVE AND DISTRIBUTE FUNDS TO THE BARBARA ANN KARMANOS CANCER INSTITUTE, BARBARA ANN KARMANOS CANCER HOSPITAL AND AFFILIATED ENTITIES TO ENGAGE IN CHARITABLE, SCIENTIFIC, RESEARCH, EDUCATION, PREVENTION AND TREATMENT OF CANCER PATIENTS. THE FOUNDATION MERGED WITH THE BARBARA ANN KARMANOS CANCER INSTITUTE ON JULY 23, 2025.

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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 $125,238

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $125,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,216

TOTAL EXPENSES $3,216

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,238	$186,501	-0.3%
Expenses	$3,216	$2,057	+0.6%
Net Income	$122,022	$184,444	-0.3%

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

N/A

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

$2,318,712

Total Directors

$1,889,106

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BORIS PASCHE MD	BOARD MEMBER/PRESIDENT KCI	1.00	Officer Director	$0	$18,785	$754,567
BRIAN GAMBLE	BOARD MEMBER/PRESIDENT KCC	1.00	Officer Director	$0	$55,000	$1,095,039
TIMOTHY MONAHAN	BOARD MEMBER	1.00	Director	$0	$0	$39,500
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	$41,684	$469,106

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	$125,238	$3,216	No data	$122,022
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