GLIOBLASTOMA FOUNDATION INC

EIN: 812849764 501(c)(3) Medical Research

DURHAM, NC

Total Revenue
$2,055,218
Total Expenses
$1,833,664
Total Assets
$3,662,658
Net Assets
$3,166,487
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NC
Principal Officer
MADAN KWATRA
Phone
9193091489
Tax Period
2024-01-01 to 2024-12-31

GLIOBLASTOMA FOUNDATION INC, founded in 2016, is a community nonprofit in the Medical Research sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 11% surplus.

Mission

TO IMPROVE TREATMENT OPTIONS FOR GLIOBLASTOMA PATIENTS BY FUNDING INNOVATIVE RESEARCH, EXPANDING ACCESS TO GENOMIC TESTING, SUPPORTING PATIENTS AND FAMILIES, AND RAISING NATIONAL AWARENESS OF THIS AGGRESSIVE BRAIN CANCER.

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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 $1,964,537
Program Service Revenue $0
Investment Income $2,803
Other Revenue $87,878
TOTAL REVENUE $2,055,218

Expense Breakdown

Grants Paid $97,474
Salaries & Benefits $696,475
Fundraising Expenses $13,930
Program Expenses $1,581,752
Other Expenses $1,039,715
TOTAL EXPENSES $1,833,664

Year-over-Year Comparison

2024 2023 Change
Revenue $2,055,218 $1,699,784 +0.2%
Expenses $1,833,664 $1,411,492 +0.3%
Net Income $221,554 $288,292 -0.2%
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

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Governance

Voting Members
5
Independent Members
4
Employees
21
Volunteers
150

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
3
$343,048
Total Directors
5
$343,048
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NEELAM KWATRA PRESIDENT 20.00
Officer Director
$0 $0 $0
MADAN KWATRA TREASURER/SECRETARY 4.00
Officer Director
$0 $0 $0
GITA KWATRA CEO 40.00
Officer Director
$291,500 $51,548 $343,048
CAMERON WEST BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN AUSTIN BOARD MEMBER 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 $2,055,218 $1,833,664 $3,662,658 $221,554
2023 $1,699,784 $1,411,492 $2,482,026 $288,292
2022 $1,471,550 $853,578 $1,781,399 $617,972
2021 $1,253,574 $703,351 $1,523,936 $550,223
2020 $958,672 $323,928 $1,140,681 $634,744
2019 $448,677 $296,591 $455,940 $152,086
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