THE CANARY FUND DBA CANARY FOUNDATION (EIN 651230251) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

Don Listwin

Phone

6506463200

Tax Period

2023-01-01 to 2023-12-31

THE CANARY FUND DBA CANARY FOUNDATION, founded in 2004, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $531K, a strong 28% operating margin.

Mission

Canary Foundation is the world's first non-profit organization dedicated solely to the funding, discovery and development of tests for early cancer detection.

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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 $1,858,743

Program Service Revenue $0

Investment Income $24,569

Other Revenue $0

TOTAL REVENUE $1,883,312

Expense Breakdown

Grants Paid $881,040

Salaries & Benefits $245,694

Fundraising Expenses $175,840

Program Expenses $1,105,307

Other Expenses $225,857

TOTAL EXPENSES $1,352,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,883,312	$2,494,481	-0.2%
Expenses	$1,352,591	$1,374,478	0.0%
Net Income	$530,721	$1,120,003	-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

N/A

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
Heidi Auman	Program Manager	40.00		$168,000	$22,500	$190,500
Don Listwin	Founder & CEO	8.00	Officer Director	$0	$0	$0
Kevin Kennedy	Treasurer	4.00	Officer Director	$0	$0	$0
Michael Ball	Director	4.00	Director	$0	$0	$0
Dale Jantzen	Director	4.00	Director	$0	$0	$0
Hilary Valentine	Director	4.00	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	No data	No data	No data	No data
2023	$1,883,312	$1,352,591	$1,687,918	$530,721
2022	$2,494,481	$1,374,478	$1,170,913	$1,120,003
2021	$664,526	$936,652	$632,764	$-272,126
2020	$2,702,998	$3,809,221	$2,590,779	$-1,106,223
2019	$5,877,404	$838,453	$6,529,556	$5,038,951
2018	$3,072,122	$2,446,360	$3,575,137	$625,762

THE CANARY FUND DBA CANARY FOUNDATION