FAMILY CANCER NETWORK INC

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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

2015

Legal Domicile

Principal Officer

TIM MAURO

Tax Period

2023-01-01 to 2023-12-31

FAMILY CANCER NETWORK INC, founded in 2015, is a small nonprofit in the Human Services sector that reported $177K in total revenue in fiscal year 2023. Expenses of $231K exceeded revenue, resulting in a 31% operating deficit.

Mission

MISSION TO PROVIDE FINANCIAL AID TO FAMILIES GOING THROUGH CANCER TREATMENT. WE HOLD MULTIPLE EVENTS INCLUDING CORPORATE CONTRIBUTIONS WHICH HAS ENABLED US TO PROVIDE GRANTS FAMILIES WHO WERE NEEDING FINANCIAL ASSISTANCE DURING THEIR CANCER TREATMENTS.

Program Service Accomplishments

Program 1

Expenses: $231,417 Revenue: $176,916

DURING 2023 WE DISTRIBUTED A TOTAL OF $114,092 TO IOWA FAMILIES WHO APPLIED AND WERE APPROVED FOR OUR PATIENT SERVICES GRANT PROGRAM. OUR 100% VOLUNTEER GRANT COMMITTEE RECEIVES GRANT APPLICATIONS...

DURING 2023 WE DISTRIBUTED A TOTAL OF $114,092 TO IOWA FAMILIES WHO APPLIED AND WERE APPROVED FOR OUR PATIENT SERVICES GRANT PROGRAM. OUR 100% VOLUNTEER GRANT COMMITTEE RECEIVES GRANT APPLICATIONS AND FIRST CONDUCTS DUE DILIGENCE TO BE SURE THE APPLICANT QUALIFIES. THEN WORKS DIRECTLY WITH THE APPLICANT TO DISCUSS THE BEST WAY THESE GRANT FUNDS CAN BE USED TO HELP THEM DURING THEIR CANCER TREATMENTS. THE GRANT FUNDS ARE THEN PAID DIRECTLY TO THE VENDOR FOR BILLS SUCH AS MORTGAGE/RENT PAYMENTS, UTILITY BILLS, VEHICLE PAYMENTS, ETC. BY TAKING THE FINANCIAL BURDEN OFF THEIR MINDS DURING CANCER TREATMENTS ALLOWS THE PATIENT AND THEIR FAMILIY TO FOCUS ON THEIR RECOVERY. THESE APPLICANTS OFTEN FALL UPON DIFFICULT FINANICAL SITUATIONS BECAUSE OF THEIR CANCER TREATMENTS DUE TO LOSS OF JOBS, UNPAID LEAVE, INCREASED MEDICAL BILLS, ETC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $176,916

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $176,916

Expense Breakdown

Grants Paid $114,092

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $231,417

Other Expenses $117,325

TOTAL EXPENSES $231,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$176,916	$176,916	N/A
Expenses	$231,417	$172,845	+0.3%
Net Income	$-54,501	$4,071	-14.4%

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

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY LAUGHLIN	VICE PRESIDENT	6.00	Officer	$0	$0	$0
TIM MAURO	PRESIDENT	8.00	Officer	$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	$176,916	$231,417	$101,389	$-54,501
2022	$238,365	$208,545	$155,890	$29,820
2021	$213,753	$152,622	$126,070	$61,131