CURE INTERNATIONAL INC

EIN: 582248383 501(c)(3) International Affairs

GRAND RAPIDS, MI

Total Revenue
$63,231,992
Total Expenses
$45,918,222
Total Assets
$96,058,602
Net Assets
$91,959,390
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
GA
Principal Officer
JUSTIN NARDUCCI
Phone
6165123105
Tax Period
2024-07-01 to 2025-06-30

CURE INTERNATIONAL INC, founded in 1996, is a mid-sized nonprofit in the International Affairs sector that reported $63.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $17.3M, a strong 27% operating margin.

Mission

CURE HOSPITALS PROVIDE SPECIALTY SURGERIES & SPIRITUAL CARE TO UNDER-SERVED CHILDREN & REGIONS.

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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 $58,958,933
Program Service Revenue $2,891,018
Investment Income $1,060,195
Other Revenue $321,846
TOTAL REVENUE $63,231,992

Expense Breakdown

Grants Paid $101,637
Salaries & Benefits $24,128,906
Fundraising Expenses $4,229,896
Program Expenses $38,734,600
Other Expenses $21,039,458
TOTAL EXPENSES $45,918,222

Year-over-Year Comparison

2024 2023 Change
Revenue $63,231,992 $55,797,233 +0.1%
Expenses $45,918,222 $43,566,916 +0.1%
Net Income $17,313,770 $12,230,317 +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

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
73
Volunteers
310

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
10
$1,131,780
Total Directors
13
$297,270
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN NARDUCCI PRESIDENT & CEO 40.00
Officer Director
$279,724 $17,546 $297,270
JERRY TUBERGEN CHAIRMAN 4.50
Officer Director
$0 $0 $0
JOSEPH STOWELL VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
PETER SCHULZE TREASURER 2.00
Officer Director
$0 $0 $0
MIKE HOUSKAMP SECRETARY 2.00
Officer Director
$0 $0 $0
SHARON ALMEIDA DIRECTOR 2.00
Director
$0 $0 $0
JUDY BELLIG DIRECTOR 2.00
Director
$0 $0 $0
FRED BW'OMBONGI DIRECTOR 2.00
Director
$0 $0 $0
DUANE CRESSMAN DIRECTOR 2.00
Director
$0 $0 $0
RICK GARDNER DIRECTOR 2.00
Director
$0 $0 $0
LUKE NIEWENHUIS DIRECTOR 2.00
Director
$0 $0 $0
MARCIA MCINTYRE DIRECTOR 2.00
Director
$0 $0 $0
DR JOHN O'DOWD DIRECTOR 2.00
Director
$0 $0 $0
DR GIORGIO LASTRONI CHIEF MEDICAL OFFICER 40.00
Officer
$184,981 $12,926 $197,907
DAVID HELMAN CHIEF FINANCIAL OFFICER 40.00
Officer
$151,753 $35,427 $187,180
CORNE BLOM CHIEF PROGRAM OFFICER 40.00
Officer
$158,093 $5,410 $163,503
PETER OSBORN CHIEF ADMINISTRATIVE OFFICER 40.00
Officer
$134,922 $28,374 $163,296
DR VAUGHN FRIGON CHIEF MEDICAL OFFICER (PART YEAR) 40.00
Officer
$116,753 $5,871 $122,624
DR SAMUEL MAINA MEDICAL DIRECTOR 40.00
Highest
$172,057 $12,531 $184,588
DR KAISER RAPHAEL MEDICAL DIRECTOR, MALAWI 40.00
Highest
$170,410 $12,660 $183,070
ELLY CHEMEY DIRECTOR OF PROGRAMS 40.00
Highest
$164,167 $13,075 $177,242
DR DIANE NAHIMANA ANESTHESIOLOGIST 40.00
Highest
$163,711 $12,425 $176,136
DR NICHOLAS LUBEGA PEDIATRIC ORTHOPEDIC SURGEON 40.00
Highest
$160,914 $6,578 $167,492
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
2025 $63,231,992 $45,918,222 $96,058,602 $17,313,770
2024 $55,797,233 $43,566,916 $79,549,422 $12,230,317
2023 $44,050,668 $38,629,495 $69,217,940 $5,421,173
2022 $39,923,691 $34,801,658 $64,472,066 $5,122,033
2021 $37,495,145 $66,539,718 $60,700,949 $-29,044,573
2020 $74,702,015 $78,692,064 $111,231,176 $-3,990,049
2019 $70,934,874 $82,924,422 $119,086,339 $-11,989,548
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