CARTI Foundation Inc

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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

1987

Legal Domicile

Principal Officer

Adam Head

Phone

5012963438

Tax Period

2024-07-01 to 2025-06-30

CARTI Foundation Inc, founded in 1987, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

The mission of CARTI Foundation, Inc. ("Foundation") is to foster, support, and encourage the activities and purposes of its Member's nonprofit subsidiaries Central Arkansas Radiation Therapy Institute, Inc. and CARTI Cancer Centers, Inc. and to advance their objectives, including sponsorship of and assistance to provide healthcare services to cancer patients.

Program Service Accomplishments

Program 1

Expenses: $1,914,202

The Foundation was organized to foster, support, and encourage the activities and purposes of Central Arkansas Radiation Therapy Institute, Inc. (CARTI) and to advance its objectives, including...

The Foundation was organized to foster, support, and encourage the activities and purposes of Central Arkansas Radiation Therapy Institute, Inc. (CARTI) and to advance its objectives, including sponsorship of and assistance to CARTI and its related activities. Today, the Foundation funds all patient assistance and outreach programs as well as many of CARTI's program, equipment and capital needs. Funds raised through the CARTI Foundation directly benefit and enhance the quality of life for the estimated 34,000 patients CARTI treats each year.

Program 2

Expenses: $68,195

Scholarship recipients must be or have been a cancer patient and a CARTI kid. Applicants must complete an application and submit an essay on the impact cancer had on their lives and what CARTI meant...

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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 $2,420,664

Program Service Revenue $0

Investment Income $260,491

Other Revenue $-8,676

TOTAL REVENUE $2,672,479

Expense Breakdown

Grants Paid $1,982,397

Salaries & Benefits $874,124

Fundraising Expenses $26,968

Program Expenses $1,982,397

Other Expenses $240,157

TOTAL EXPENSES $3,096,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,672,479	$2,298,870	+0.2%
Expenses	$3,096,678	$3,356,097	-0.1%
Net Income	$-424,199	$-1,057,227	-0.6%

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

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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

N/A

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

$1,142,871

Total Directors

$2,243,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J Scott Schallhorn	Chair	1.00	Officer Director	$0	$0	$0
Cindy VanVeckhoven	Vice Chair	1.00	Officer Director	$0	$0	$0
Paul Benham III	Past Chair	1.00	Officer Director	$0	$0	$0
Dalton Van Horn	Director	1.00	Director	$0	$0	$0
Greg Williams	Director	1.00	Director	$0	$0	$0
Pam Brown Courtney	Director	1.00	Director	$0	$0	$0
Jason Chacko	Director	1.00	Director	$0	$0	$0
Cathy Gammill	Director	1.00	Director	$0	$0	$0
Jennifer Ralston-Day	Director	1.00	Director	$0	$0	$0
Jeff Neill	Director	1.00	Director	$0	$0	$0
Don Parker	Director	1.00	Director	$0	$0	$0
Kelley Erstine	Director	1.00	Director	$0	$0	$0
Adam Head - Ex-Officio	Director/CEO CARTI Inc.	1.00	Director	$0	$35,468	$816,782
Kyle King	Director	1.00	Director	$0	$0	$0
Manoj Patel	Director	1.00	Director	$0	$0	$0
Grace Raja MD	Director	1.00	Director	$0	$9,787	$1,426,268
Terry Vick	Ex-Officio Director - Carti Chair	1.00	Director	$0	$0	$0
Jan Zimmerman	Director	1.00	Director	$0	$0	$0
Jennifer Selig	Executive Director	40.00	Officer	$0	$7,583	$267,781
Jennifer Styron	Treasurer/CFO CARTI Inc.	1.00	Officer	$0	$15,412	$528,213
Jacob Zach - VP Finance	CARTI - Assistant Treasurer	1.00	Officer	$0	$26,857	$232,343
Jill Tate - Secretary	Executive Assistant CARTI	1.00	Officer	$0	$22,644	$114,534

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	$2,672,479	$3,096,678	$10,075,562	$-424,199
2024	No data	No data	No data	No data
2023	$3,539,407	$2,551,092	$9,318,646	$988,315
2022	$4,449,906	$1,502,896	$7,015,252	$2,947,010
2021	$2,569,148	$5,275,529	$6,740,504	$-2,706,381
2020	$4,319,932	$4,175,245	$8,988,615	$144,687
2019	$3,582,489	$3,524,624	$11,034,418	$57,865
2018	$2,289,266	$3,235,209	$11,444,655	$-945,943