TEXAS SOCIETY OF CLINICAL ONCOLOGY

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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

1988

Legal Domicile

Principal Officer

LUCAS WONG

Phone

3019849496

Tax Period

2024-01-01 to 2024-12-31

TEXAS SOCIETY OF CLINICAL ONCOLOGY, founded in 1988, is a small nonprofit that reported $452K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $438K left a modest 3% surplus.

Mission

TO PROVIDE ADVOCACY FOR CANCER PATIENTS AND TO PROMOTE STANDARDS OF HIGH-QUALITY CANCER CARE IN TEXAS.

Program Service Accomplishments

Program 1

- HOSTED VIRTUAL "TXSCO LEADERSHIP DAY"- AN EVENT WHICH BROUGHT TOGETHER LEADERS AND CORPORATE MEMBERS TO DISCUSS PIVOTAL PATIENT CARE ISSUES. - HOSTED IN-PERSON ANNUAL CONFERENCE WITH ACCREDITED...

- HOSTED VIRTUAL "TXSCO LEADERSHIP DAY"- AN EVENT WHICH BROUGHT TOGETHER LEADERS AND CORPORATE MEMBERS TO DISCUSS PIVOTAL PATIENT CARE ISSUES. - HOSTED IN-PERSON ANNUAL CONFERENCE WITH ACCREDITED EDUCATIONAL SESSIONS AND UPDATES ON STATE AND NATIONAL HEALTHCARE ISSUES. HOSTED ADDITIONAL VIRTUAL EDUCATIONAL EVENTS FOR MEMBERSHIP ON A VARIETY OF CLINICAL TOPICS THROUGHOUT THE YEAR. - CONTINUED EFFORTS TO ADVOCATE FOR STATE AND FEDERAL POLICY CHANGES TO IMPROVE DELIVERY OF QUALITY CANCER CARE, IMPACT DISPARTIES IN CARE, AND IMPROVE PATIENT AFFORDABILITY OF CARE.- PROVIDED FUNDING FOR CONQUER CANCER YOUNG INVESTIGATOR AWARD TO SUPPORT QUALITY RESEARCH IN CLINICAL ONCOLOGY.

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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 $363,000

Program Service Revenue $70,100

Investment Income $16,939

Other Revenue $1,533

TOTAL REVENUE $451,572

Expense Breakdown

Grants Paid $60,033

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $377,985

TOTAL EXPENSES $438,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$451,572	$415,990	+0.1%
Expenses	$438,018	$440,870	0.0%
Net Income	$13,554	$-24,880	-1.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCAS WONG	PRESIDENT	1.00	Officer Director	$0	$0	$0
AJIT BISEN	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
BHUVANA SAGAR	SECRETARY	1.00	Officer Director	$0	$0	$0
RAY D PAGE	TREASURER	1.00	Officer Director	$0	$0	$0
SUCHARU CHRIS PRAKASH	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
LUIS T CAMPOS	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
BRADLEY SCOTT COLTON	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
NEAL DAVE	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
VIPAL DURKAL	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
AARON LAINE	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
CHRISTINE LONG	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
ANH NUGUYEN	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
SHIKHA PRAKASH	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
ALTI RAHMAN	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
PATRICIA SERNA	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
TRAVIS SIMS	DIRECTOR-AT-LARGE	1.00	Director	$0	$0	$0
VICENTE VALERO	DIRECTOR-AT-LARGE	1.00	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	$451,572	$438,018	$791,546	$13,554
2023	$415,990	$440,870	$663,944	$-24,880
2022	$324,213	$359,852	$653,179	$-35,639
2021	$306,416	$258,734	$703,007	$47,682
2020	$315,281	$241,203	$602,366	$74,078
2019	$344,822	$405,741	$583,501	$-60,919
2018	$329,167	$342,955	$643,359	$-13,788