FLORIDA SOCIETY OF CLINICAL ONCOLO… - 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

1977

Legal Domicile

Principal Officer

JULIE NEWBERRY

Phone

8136770246

Tax Period

2023-01-01 to 2023-12-31

FLORIDA SOCIETY OF CLINICAL ONCOLOGY INC, founded in 1977, is a community nonprofit in the Diseases & Disorders sector that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $768K, a strong 27% operating margin.

Mission

THE FLORIDA SOCIETY OF CLINICAL ONCOLOGY IS A STATEWIDE NON-PROFIT ORGANIZATION COMMITTED TO FACILITATING AND PROMOTING MULTIDISCIPLINARY EFFORTS TO IMPROVE PATIENT CARE IN FLORIDA BY:- FOSTERING ACCESS TO QUALITY CANCER CARE TO THE CITIZENS OF FLORIDA.- ASSISTING THE CANCER PRACTITIONERS IN PROVIDING THE MOST COST EFFECTIVE QUALITY CARE FOR THEIR PATIENTS.- ACTING AS AN ADVOCATE FOR FLORIDA CANCER PATIENTS AND THEIR FAMILIES.- COORDINATING THE DISSEMINATION OF INFORMATION AND PROVIDING AN OPPORTUNITY FOR ONCOLOGISTS, PHYSICIANS, AND OTHER HEALTH CARE PROFESSIONALS TO NETWORK AND EXCHANGE INFORMATION.

Program Service Accomplishments

Program 1

Expenses: $1,430,580 Revenue: $488,769

EDUCATIONFLASCO PROVIDES SEVEN EDUCATIONAL SESSIONS ANNUALLY FOR ITS MEMBERS COVERING SCIENTIFIC AND BUSINESS OF ONCOLOGY TOPICS. IN ADDITION, EACH YEAR FLASCO HOLDS A BUSINESS OF ONCOLOGY SUMMIT FOR ITS MEMBERS.FLASCO SPONSORS AN ASCO YOUNG INVESTIGATOR'S AWARD FOR FLORIDA FELLOWS AND IS CURRENTLY SUPPORTING EDUCATIONAL GRANTS TO FACILITATE FELLOW TRAVEL TO NINE DIFFERENT ONCOLOGY CONFERENCES. THESE GRANT OPPORTUNITIES FACILITATE COLLABORATION, LEARNING, AND PROFESSIONAL NETWORKING AND PROVIDE FELLOWS THE OPPORTUNITY TO EXPAND THEIR TRAINING BY PARTICIPATING IN THESE MEETING AND BECOMING INVOLVED IN THE SOCIETIES OF PEER PROFESSIONALS.OPPORTUNITIES FOR ACTIVE PARTICIPATION IN AND LEARNING ABOUT THE ADMINISTRATIVE ASPECTS OF CLINICAL CARE THROUGH FLASCO MEMBER MENTORSHIP AND COMMITTEE INVOLVEMENT ARE ENCOURAGED.EMPLOYMENT OPPORTUNITIES IN FLORIDA AFTER FELLOWSHIP CAN BE FACILITATED THROUGH FLASCO MEMBERS AND ADMINISTRATION. JUNIOR FACULTY AND RECENT GRADUATES ARE ENCOURAGED TO TAKE ADVANTAGE OF THESE RESOURCES, PARTICULARLY THE MENTORSHIP, EDUCATIONAL AND ADMINISTRATIVE ASPECTS OF PROFESSIONAL DEVELOPMENT THROUGH FLASCO.FLASCO FELLOW MEMBERSHIP AND ASSOCIATED BENEFITS ARE FREE TO ANY TRAINEE OF A FLORIDA HEMATOLOGY OR MEDICAL ONCOLOGY FELLOWSHIP PROGRAM.PROVIDED 10 EDUCATIONAL EVENTS FOR CANCER PATIENTS AND THEIR CAREGIVERS, PROVIDING INFORMATION ABOUT THEIR DISEASE, TREATMENT OPTIONS, FINANCIAL SUPPORT, AND THE IMPORTANCE OF A CAREGIVER. PROVIDE TWO EDUCATIONAL MEETINGS EACH YEAR SPECIFICALLY FOR NURSES, NURSE PRACTITIONERS, ANDPHYSICIAN ASSISTANTS, WHICH HAVE BEEN VERY WELL RECEIVED AND DRAW OVER 150 ONCOLOGY HEALTHCARE PROVIDERS.

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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 $2,306,486

Program Service Revenue $488,769

Investment Income $8,127

Other Revenue $0

TOTAL REVENUE $2,803,382

Expense Breakdown

Grants Paid $27,334

Salaries & Benefits $591,301

Fundraising Expenses $0

Program Expenses $1,430,580

Other Expenses $1,416,530

TOTAL EXPENSES $2,035,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,803,382	$2,531,361	+0.1%
Expenses	$2,035,165	$1,889,962	+0.1%
Net Income	$768,217	$641,399	+0.2%

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

$174,381

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUIS RAEZ MD	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
WINSTON TAN MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
MAEN HUSSEIN MD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
EDGARDO SANTOS CASTILLERO MD FACP	TREASURER	1.00	Officer Director	$0	$0	$0
DINA DUMERCY PHARMD BCOP BCPS	DIRECTOR	1.00	Director	$0	$0	$0
ARDESHIR HAKAM MD MBA	DIRECTOR	1.00	Director	$0	$0	$0
KUN JIANG MD PHD	DIRECTOR	1.00	Director	$0	$0	$0
RESHMA MAHTANI DO	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH MIGNONE MD	DIRECTOR	1.00	Director	$0	$0	$0
ANAY MOSCU PHARMD BCPS BCOP	DIRECTOR	1.00	Director	$0	$0	$0
BRENDAN PRENDERGAST MD	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH ROSENBLATT MD	DIRECTOR	1.00	Director	$0	$0	$0
JOSE SANDOVAL-SUS MD	DIRECTOR	1.00	Director	$0	$0	$0
JASON STARR DO	DIRECTOR	1.00	Director	$0	$0	$0
BARRY BERMAN MD	DIRECTOR	1.00	Director	$0	$0	$0
CHAKRA CHAULAGAIN MD FACP	DIRECTOR	1.00	Director	$0	$0	$0
LAURA FREEDMAN MD	DIRECTOR	1.00	Director	$0	$0	$0
FAITHLORE GARDNER MD	DIRECTOR	1.00	Director	$0	$0	$0
ERIC HARRIS DO	DIRECTOR	1.00	Director	$0	$0	$0
MEHDI MOEZI MD	DIRECTOR	1.00	Director	$0	$0	$0
ZEINA NAHLEH MD FACP	DIRECTOR	1.00	Director	$0	$0	$0
PARESHKUMAR PATEL MD	DIRECTOR	1.00	Director	$0	$0	$0
SIKANDER ALLAWADHI MD	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN FEIN MD	DIRECTOR	1.00	Director	$0	$0	$0
JORGE GARCIA PHARMD MHA FACHE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS GEORGE MD	DIRECTOR	1.00	Director	$0	$0	$0
NALINI HASIJA MD	DIRECTOR	1.00	Director	$0	$0	$0
MOHAMMAD JAHANZEB MD FACP	DIRECTOR	1.00	Director	$0	$0	$0
LORETTA LOFTUS MD MBA	DIRECTOR	1.00	Director	$0	$0	$0
YAN MAKEYEV MD	DIRECTOR	1.00	Director	$0	$0	$0
OMAR RASHID MD JDS FACS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT TETREAULT MD	DIRECTOR	1.00	Director	$0	$0	$0
MAGALI VAN DEN BERGH MD	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN ZAGER MD	DIRECTOR	1.00	Director	$0	$0	$0
MANMEET AHULWALIA MD MBA	DIRECTOR	1.00	Director	$0	$0	$0
RAMI MANOCHAKIAN MD	DIRECTOR	1.00	Director	$0	$0	$0
MERRY JENNIFER MARKHAM MD FACP	DIRECTOR	1.00	Director	$0	$0	$0
NATHALIE MCKENZIE MD MSPH FACOG	DIRECTOR	1.00	Director	$0	$0	$0
ASHWIN MEHTA MD	DIRECTOR	1.00	Director	$0	$0	$0
CESAR PEREZ MD	DIRECTOR	1.00	Director	$0	$0	$0
EDUARDO SOTOMAYOR DO	DIRECTOR	1.00	Director	$0	$0	$0
JULIE NEWBERRY	EXECUTIVE DIRECTOR	40.00	Officer	$174,381	$0	$174,381

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	No data	No data	No data	No data
2023	$2,803,382	$2,035,165	$4,546,560	$768,217
2022	$2,531,361	$1,889,962	$3,573,540	$641,399
2021	$1,540,570	$1,217,037	$3,143,681	$323,533
2020	$1,381,574	$937,392	$2,808,290	$444,182
2019	$1,332,814	$1,118,858	$2,363,098	$213,956
2018	$1,237,210	$963,696	$2,111,765	$273,514

FLORIDA SOCIETY OF CLINICAL ONCOLOGY INC