WILLIAM GUY FORBECK RESEARCH FOUND… - Form 990 Financial Data

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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

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

WITH ITS ORIGIN IN PEDIATRIC CANCER, THE WILLIAM GUY FORBECK RESEARCH FOUNDATION PROMOTES ADVANCES IN CANCER RESEARCH THROUGH COLLABORATION

Program Service Accomplishments

Program 1

Expenses: $625,417

FORBECK FORUMS AND FORBECK SCHOLAR RETREATS:INTIMATE THREE DAY MEETINGS WHICH INCLUDE 'THINK TANKS' FOR SOME OF THE LEADING INTERNATIONAL CANCER RESEARCHERS AND EARLY CANCER ONCOLOGY INVESTIGATORS...

FORBECK FORUMS AND FORBECK SCHOLAR RETREATS:INTIMATE THREE DAY MEETINGS WHICH INCLUDE 'THINK TANKS' FOR SOME OF THE LEADING INTERNATIONAL CANCER RESEARCHERS AND EARLY CANCER ONCOLOGY INVESTIGATORS WITH GREAT FUTURE PROMISE. THESE EVENTS OFFER EDUCATIONAL, CAREER DEVELOPMENT AND NETWORKING OPPORTUNITIES.

Program 2

Expenses: $7,523

SCIENTIFIC ADVISORY BOARD (SAB):A SMALL COMMITTEE OF WELL RESPECTED PHYSICIANS AND SCIENTISTS FROM THE ARENAS OF CANCER BIOLOGY AND CLINICAL CARE THAT ASSIST TO DRIVE THE MISSION OF THE FOUNDATION...

SCIENTIFIC ADVISORY BOARD (SAB):A SMALL COMMITTEE OF WELL RESPECTED PHYSICIANS AND SCIENTISTS FROM THE ARENAS OF CANCER BIOLOGY AND CLINICAL CARE THAT ASSIST TO DRIVE THE MISSION OF THE FOUNDATION. THE SAB ADVISES THE BOARD OF DIRECTORS ON THE SCIENTIFIC ACTIVITIES OF THE FOUNDATION. ITS PRINCIPAL COMMITMENT IS THE SELECTION OF TOPICS AND ATTENDEES FOR SCIENTIFIC MEETINGS.

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$121,250

Total Directors

$191,250

Key Employees

Highest Compensated

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

WILLIAM GUY FORBECK RESEARCH FOUNDATION