CURE ON WHEELS INC CO RICHARD J SPAYDE JR

EIN: 450568409 501(c)(3) Health Care

ST PETERSBURG, FL

Total Revenue
$123,614
Total Expenses
$108,805
Total Assets
$112,765
Net Assets
$112,765
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Phone
7276436989
Tax Period
2022-01-01 to 2022-12-31

CURE ON WHEELS INC CO RICHARD J SPAYDE JR, founded in 2007, is a small nonprofit in the Health Care sector that reported $124K in total revenue in fiscal year 2022. Revenue surged 156% from the prior year, signaling strong growth momentum. Expenses of $109K left a modest 12% surplus.

Mission

The purpose of the corporation shall be to receive contributions through one or more fundraising activities for the purpose of contributing them to the Moffitt Center Cancer Foundation, Florida Cancer Specialists Foundation and/or other local and national entities approved as 501(C)(3) organizations. Cure on Wheels raises money to help individuals and families in the Tampa Bay area cope with a diagnosis of cancer through annual "bike-a-thons" that travel along the beautiful roads throughout the state of Florida. The corporation's intention is to meld support from committed cyclists, volunteers, corporate sponsors, and individual contributors to provide Tampa Bay families with necessary services after a potentially debilitating diagnosis of cancer.

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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 (2022)

Revenue Breakdown

Contributions & Grants $181,884
Program Service Revenue $0
Investment Income $1,358
Other Revenue $-59,628
TOTAL REVENUE $123,614

Expense Breakdown

Grants Paid $99,258
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $99,258
Other Expenses $9,547
TOTAL EXPENSES $108,805

Year-over-Year Comparison

2022 2021 Change
Revenue $123,614 $48,354 +1.6%
Expenses $108,805 $22,716 +3.8%
Net Income $14,809 $25,638 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
100

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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD J SPAYDE JR President 10.00
Officer Director
$0 $0 $0
CHRIS BREWER Vice President 10.00
Officer Director
$0 $0 $0
RICHARD M LUSH Vice President 10.00
Officer Director
$0 $0 $0
JOSHUA RIVERA Secretary 10.00
Officer Director
$0 $0 $0
MICHELLE BUSHOVEN Vice President 10.00
Officer 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
2022 $123,614 $108,805 $112,765 $14,809
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