HOPE & HEROES CHILDREN'S CANCER FU… - 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

2002

Legal Domicile

Principal Officer

ROBERT KAPITO

Phone

3323301025

Tax Period

2022-07-01 to 2023-06-30

HOPE & HEROES CHILDREN'S CANCER FUND, founded in 2002, is a community nonprofit in the Diseases & Disorders sector that reported $5.8M in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $6.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

HOPE & HEROES FUNDS THE LIFE-SAVING WORK ON CHILDHOOD CANCER AND BLOOD DISORDERS AT INSTITUTIONS THROUGHOUT THE TRI-STATE REGION- INCLUDING CUTTING EDGE RESEARCH, SUPPORT FOR FAMILIES AND PATIENT WELL-BEING, AND COLLABORATIVE RESEARCH INITIATIVES, WHICH AIM TO PUT AN END TO CHILDHOOD CANCER.

Program Service Accomplishments

Program 1

Expenses: $3,282,928

COLUMBIA UNIVERSITY MEDICAL CENTER, DIVISION OF PEDIATRIC HEMATOLOGY ONCOLOGY & STEM CELL TRANSPLANTATIONDONATIONS TO THE TRUSTEES OF COLUMBIA UNIVERSITY MEDICAL CENTER ARE FOR USE IN ALL ASPECTS OF THE DIVISION'S WORK TO TREAT CHILDREN WITH CANCER AND BLOOD DISORDERS, OR TO CONDUCT RESEARCH INTO THE SAME. THIS PROGRAM HELPS 1,500 PATIENTS/PER YEAR.

Program 2

Expenses: $62,293

DIRECT PATIENT & FAMILY SUPPORTDIRECT SUPPORT PROVIDED TO PATIENTS AND FAMILIES VIA WASILY FAMILY FUND. ITEMS COVERED INCLUDE MORTGAGE PAYMENTS, UTILITIES, FOOD, SCHOOL CLOTHING, TECHNOLOGY...

DIRECT PATIENT & FAMILY SUPPORTDIRECT SUPPORT PROVIDED TO PATIENTS AND FAMILIES VIA WASILY FAMILY FUND. ITEMS COVERED INCLUDE MORTGAGE PAYMENTS, UTILITIES, FOOD, SCHOOL CLOTHING, TECHNOLOGY, EDUCATION, ETC. ALL DISBURSEMENTS ARE MADE IN CONSULTATION WITH SOCIAL WORKERS AND PHYSICIANS. DIRECT SUPPORT WAS PROVIDED INDIVIDUALLYTO 150 PATIENTS AND ALSO IN GROUPS OF MULTIPLE PATIENTS.

Program 3

Expenses: $1,373,986

OTHER PRGRAM SUPPORT:GRANTS AND DONATIONS TO OTHERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,945,462

Program Service Revenue $0

Investment Income $1,351

Other Revenue $-1,179,793

TOTAL REVENUE $5,767,020

Expense Breakdown

Grants Paid $4,362,823

Salaries & Benefits $1,236,986

Fundraising Expenses $364,798

Program Expenses $5,319,207

Other Expenses $815,980

TOTAL EXPENSES $6,415,789

Year-over-Year Comparison

	2022	2021	Change
Revenue	$5,767,020	$9,311,492	-0.4%
Expenses	$6,415,789	$6,000,343	+0.1%
Net Income	$-648,769	$3,311,149	-1.2%

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

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

$195,235

Total Directors