WILLIAM GUY FORBECK RESEARCH FOUNDATION

EIN: 570788084 501(c)(3)

CARBONDALE, CO

Total Revenue
$728,061
Total Expenses
$906,623
Total Assets
$3,629,822
Net Assets
$3,590,613
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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
1983
Legal Domicile
CO
Principal Officer
JAMIE F COLLINS
Phone
7734255980
Tax Period
2024-01-01 to 2024-12-31

WILLIAM GUY FORBECK RESEARCH FOUNDATION, founded in 1983, is a small nonprofit that reported $728K in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $907K exceeded revenue, resulting in a 25% operating deficit.

Mission

PROMOTE ADVANCES IN CANCER RESEARCH THROUGH COLLABORATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $282,069
Program Service Revenue $0
Investment Income $421,502
Other Revenue $24,490
TOTAL REVENUE $728,061

Expense Breakdown

Grants Paid $0
Salaries & Benefits $330,742
Fundraising Expenses $170,201
Program Expenses $632,940
Other Expenses $575,881
TOTAL EXPENSES $906,623

Year-over-Year Comparison

2024 2023 Change
Revenue $728,061 $388,704 +0.9%
Expenses $906,623 $776,152 +0.2%
Net Income $-178,562 $-387,448 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
11
Employees
2
Volunteers
6

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
7
$121,250
Total Directors
13
$191,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MS JAMIE F COLLINS EXECUTIVE DIRECTOR 40.00
Officer Director
$121,250 $0 $121,250
MR GALEN ECKLAND DIRECTOR 2.00
Director
$0 $0 $0
MR MATTHEW GERDES DIRECTOR/TREASURER 4.00
Officer Director
$0 $0 $0
MR AARON JESSER DIRECTOR 20.00
Director
$70,000 $0 $70,000
MR CHARLES JESSER DIRECTOR/PRESIDENT 4.00
Officer Director
$0 $0 $0
MR PATRICK JOYCE DIRECTOR 2.00
Director
$0 $0 $0
MR WILLIAM KASTEN DIRECTOR 2.00
Director
$0 $0 $0
DR JOHN KEMSHEAD MD DIRECTOR/SCI ADVISORY BD 8.00
Officer Director
$0 $0 $0
MRS ANN LEHMAN DIRECTOR/STR PLANNING CHAIR 4.00
Officer Director
$0 $0 $0
MR RONALD MILLER DIRECTOR/VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
MR JOHN O'NEILL DIRECTOR 2.00
Director
$0 $0 $0
MRS NORINE SMYTH DIRECTOR 2.00
Director
$0 $0 $0
MRS MAUREEN WHEELER DIRECTOR/SECRETARY 4.00
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
2024 $728,061 $906,623 $3,629,822 $-178,562
2023 $388,704 $776,152 $3,709,324 $-387,448
2022 $161,393 $754,542 $3,763,984 $-593,149
2021 $760,654 $977,291 $5,171,891 $-216,637
2020 $595,093 $300,065 $5,473,961 $295,028
2019 $544,905 $512,945 $4,725,642 $31,960
2018 $559,089 $534,091 $4,124,546 $24,998
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