PACIFIC HEART LUNG & BLOOD INSTITUTE

EIN: 383668906 501(c)(3)

LOS ANGELES, CA

Total Revenue
$399,270
Total Expenses
$1,383,060
Total Assets
$300,251
Net Assets
$299,433
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
CLARE CAMERON
Tax Period
2023-01-01 to 2023-12-31

PACIFIC HEART LUNG & BLOOD INSTITUTE, founded in 2002, is a small nonprofit that reported $399K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 246% operating deficit.

Mission

SERVES AS A CENTER OF CROSS-DISCIPLINARY SCIENTIFIC RESEARCH THAT SIGNIFICANTLY CONTRIBUTES TO DISCOVERIES OF NEW TREATMENTS FOR HEART, LUNG, AND BLOOD DISEASES, AND TO PROVIDE A PLATFORM FOR MEDICAL EDUCATION FOR BOTH CONSUMERS AND PROFESSIONALS

Program Service Accomplishments

Program 1
Expenses: $1,235,466

DURING THESE DISRUPTIVE TIMES, IT HAS BEEN HARD TO RAISE MONEY, AND DIFFICULT TO FIND QUALIFIED SCIENTISTS TO OVERSEE AND PERFORM THE WORK IN OUR LAB. AFTER EXTENSIVE CONVERSATIONS FAILED TO HAVE...

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DURING THESE DISRUPTIVE TIMES, IT HAS BEEN HARD TO RAISE MONEY, AND DIFFICULT TO FIND QUALIFIED SCIENTISTS TO OVERSEE AND PERFORM THE WORK IN OUR LAB. AFTER EXTENSIVE CONVERSATIONS FAILED TO HAVE UCLA TAKE OUR INSTITUTE UNDER ITS WING, THE BOARD OF DIRECTORS, IN ORDER TO ENSURE THAT THE MAJORITY OF THE MONEY RAISED WAS USED TO PERFORM THE PURPOSE OF THE MISSION, DECIDED TO DISSOLVE THE NONPROFIT AND DONATE ITS EQUIPMENT AND MONEY TO THE FOLLOWING INSTITUTES WHO HAVE WELL-OILED MACHINES WITH RESOURCES: 1. UCLA IS A PRESTIGIOUS INSTITUTION RENOWNED FOR ITS COMMITMENT TO EDUCATION, RESEARCH, AND COMMUNITY ENGAGEMENT. OUR GIFT TO UCLAS FOUNDATION WILL BUILD A LEGACY FOR PHLBI TO INCENTIVIZE THE CONTINUATION OF DR. CAMERONS RESEARCH AT UCLAS PUNCH LAB AND HONOR THE LONGTIME COLLABORATION BETWEEN THE TWO ORGANIZATIONS. DR. CAMERONS GOAL IS TO BE ABLE TO RECALIBRATE THE MESOTHELIOMA PATIENTS IMMUNE RESPONSE TO RECOGNIZE AND FIGHT THE CANCER. IN THE PROCESS HE AND HIS TEAM WILL EVALUATE POTENTIAL THERAPIES, INCLUDING HIS LONG-TERM INTEREST IN GENE-MODIFIED MESENCHYMAL STEM CELLS FROM VARIOUS SOURCES. AND:2. OHSU (OREGON HEALTH & SCIENCES UNIVERSITY), A DISTINGUISHED AND NATIONALLY RECOGNIZED UNIVERSITY FOCUSING ON DISCOVERIES TO PREVENT AND CURE DISEASES, AS WELL AS THE TRAINING OF MEDICAL SCIENTISTS AND HEALTHCARE PROFESSIONALS ON PATIENT CARE THAT INCORPORATES THE LATEST ADVANCES. OHSUS CENTER FOR EXPERIMENTAL THERAPIES (CET) IS ACTIVELY ENGAGED IN THE DEVELOPMENT OF NOVEL STRATEGIES TO TREAT MESOTHELIOMA AND OVERCOME RESISTANCE TO CHEMOTHERAPY AND IMMUNOTHERAPIES.TO FACILITATE THIS TRANSITION, WE ARE WORKING CLOSELY WITH OHSU & UCLAS DEVELOPMENT OFFICE TO ENSURE THE PROPER TRANSFER OF FUNDS, ALONG WITH ANY SPECIFIC DESIGNATIONS OR RESTRICTIONS THAT HAVE BEEN MADE.

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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 $398,924
Program Service Revenue $0
Investment Income $21,296
Other Revenue $-20,950
TOTAL REVENUE $399,270

Expense Breakdown

Grants Paid $882,029
Salaries & Benefits $271,662
Fundraising Expenses $8,303
Program Expenses $1,235,466
Other Expenses $229,369
TOTAL EXPENSES $1,383,060

Year-over-Year Comparison

2023 2022 Change
Revenue $399,270 $353,486 +0.1%
Expenses $1,383,060 $682,396 +1.0%
Net Income $-983,790 $-328,910 +2.0%
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
5
Independent Members
5
Employees
3
Volunteers
4

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
1
$111,826
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLARE CAMERON PRESIDENT 40.00
Officer
$111,826 $0 $111,826
KRIS A FAIR DIRECTOR 1.00
Director
$0 $0 $0
YULIA MURZAEVA MANAGING DIRECTOR 1.00
Director
$0 $0 $0
WARREN SHULMAN TREASURER 1.00
Director
$0 $0 $0
MICHAEL ARLEN SECRETARY 1.00
Director
$0 $0 $0
N DANN MOSS DIRECTOR 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
2023 $399,270 $1,383,060 $300,251 $-983,790
2022 $353,486 $682,396 $1,436,333 $-328,910
2021 $706,290 $828,088 $1,954,311 $-121,798
2020 $1,937,157 $797,648 $1,997,560 $1,139,509
2019 $765,591 $856,349 $717,281 $-90,758
2018 $660,271 $913,136 $807,930 $-252,865
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