THE HOPE FOUNDATION

EIN: 742655302 501(c)(3) Diseases & Disorders

ANN ARBOR, MI

Total Revenue
$28,575,690
Total Expenses
$22,976,649
Total Assets
$62,614,833
Net Assets
$40,914,048
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
TX
Principal Officer
JOHANNA HORN
Phone
7349987150
Tax Period
2024-01-01 to 2024-12-31

THE HOPE FOUNDATION, founded in 1992, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $28.6M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.6M, a strong 20% operating margin.

Mission

AS THE PHILANTHROPIC ARM OF THE SWOG CANCER RESEARCH NETWORK, THE HOPE FOUNDATION STRIVES TO PROVIDE FUNDING AND RESOURCES FOR CANCER CLINICAL TRIALS RESEARCH IN VARIOUS FORMS OF ADULT CANCERS. FELLOWSHIPS, RESEARCH GRANTS, PROFESSIONAL MEDICAL EDUCATION TRAINING SESSIONS, TECHNICAL EQUIPMENT, AND MEETING COORDINATION ARE FUNDED BY THE FOUNDATION.

Program Service Accomplishments

Program 1
Expenses: $18,914,713 Revenue: $13,851,914

SUPPORT OF CANCER RESEARCH GROUPS.

Program 2
Expenses: $1,510,666 Revenue: $90,844

SUPPORT RESEARCH AND EDUCATION, INCLUDING SPRING AND FALL 2024 GROUP MEETINGS OF SWOG. FORMERLY THE SOUTHWEST ONCOLOGY GROUP, SWOG IS ONE OF FIVE COOPERATIVE GROUPS IN THE NCI'S NATIONAL CLINICAL...

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SUPPORT RESEARCH AND EDUCATION, INCLUDING SPRING AND FALL 2024 GROUP MEETINGS OF SWOG. FORMERLY THE SOUTHWEST ONCOLOGY GROUP, SWOG IS ONE OF FIVE COOPERATIVE GROUPS IN THE NCI'S NATIONAL CLINICAL TRIALS NETWORK.

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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 $6,147,693
Program Service Revenue $13,942,758
Investment Income $8,485,239
Other Revenue $0
TOTAL REVENUE $28,575,690

Expense Breakdown

Grants Paid $2,952,299
Salaries & Benefits $6,742,048
Fundraising Expenses $182,275
Program Expenses $20,425,379
Other Expenses $13,282,302
TOTAL EXPENSES $22,976,649

Year-over-Year Comparison

2024 2023 Change
Revenue $28,575,690 $15,053,174 +0.9%
Expenses $22,976,649 $11,391,428 +1.0%
Net Income $5,599,041 $3,661,746 +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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
19
Independent Members
18
Employees
69
Volunteers
18

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
6
$301,975
Total Directors
19
$301,975
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHANNA HORN MSW PRESIDENT & CEO 50.00
Officer Director
$267,375 $34,600 $301,975
DANA SPARKS DIRECTOR OF PC & OPERATION 50.00
Highest
$168,470 $22,140 $190,610
MORGAN COX DIRECTOR OF COMMUNICATIONS 50.00
Highest
$129,526 $20,649 $150,175
JENNIFER FRANKS LEAD ATTORNEY 50.00
Highest
$129,502 $16,546 $146,048
DEBRA ALLEN DIRECTOR OF FINANCE 50.00
Highest
$126,438 $19,405 $145,843
MARY BRIEDE SENIOR ATTORNEY 50.00
Highest
$126,664 $16,106 $142,770
JOSEPH UNGER PHD DIRECTOR 0.20
Director
$0 $0 $0
NATHAN ERIKSEN DIRECTOR 0.20
Director
$0 $0 $0
DAVID GIBSON DIRECTOR 0.20
Director
$0 $0 $0
SARAH GOLDBERG MD DIRECTOR 0.20
Director
$0 $0 $0
SYED AHMAD MD DIRECTOR 0.20
Director
$0 $0 $0
ANJALI ADVANI MD DIRECTOR 0.20
Director
$0 $0 $0
MARIE SUGA MD DIRECTOR 0.20
Director
$0 $0 $0
SUMANTA PAL MD DIRECTOR 0.20
Director
$0 $0 $0
CHRISTOPHER LIEU MD DIRECTOR 0.20
Director
$0 $0 $0
NORAH LYNN HENRY MD DIRECTOR 0.20
Director
$0 $0 $0
PRIYANKA SHARMA MD DIRECTOR 0.20
Director
$0 $0 $0
MARTI K S HEIL DIRECTOR 0.20
Director
$0 $0 $0
SCOTT RAMSEY MD DIRECTOR 0.20
Director
$0 $0 $0
CHARLES BLANKE MD SWOG CHAIR 0.20
Officer Director
$0 $0 $0
CATHY TANGEN PHD SECRETARY 0.20
Officer Director
$0 $0 $0
MARITA KENNEDY WEIN TREASURER 0.20
Officer Director
$0 $0 $0
MARIANA CHAVEZ MAC GREGOR MD VICE CHAIR 0.20
Officer Director
$0 $0 $0
DON S DIZON MD CHAIR 0.20
Officer 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 $28,575,690 $22,976,649 $62,614,833 $5,599,041
2023 $15,053,174 $11,391,428 $62,313,456 $3,661,746
2022 $9,871,970 $10,964,319 $56,686,859 $-1,092,349
2021 $9,873,142 $7,864,451 $67,036,351 $2,008,691
2020 $7,616,320 $7,419,016 $59,783,233 $197,304
2019 $9,086,097 $9,431,866 $58,167,517 $-345,769
2018 $8,713,150 $8,086,200 $53,686,931 $626,950
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