CHANCE FOR LIFE

EIN: 831567274 501(c)(3) Medical Research

ALEXANDRIA, VA

Total Revenue
$40,379
Total Expenses
$17,995
Total Assets
$516,288
Net Assets
$502,654
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
VA
Principal Officer
BRAD NIERENBERG
Tax Period
2022-07-01 to 2023-06-30

CHANCE FOR LIFE, founded in 2018, is a small nonprofit in the Medical Research sector that reported $181K in total revenue in fiscal year 2018. The organization ran a surplus of $133K, a strong 73% operating margin.

Mission

CHANCE FOR LIFE'S MISSION IS TO RAISE AWARENESS AND FUNDS FOR CRITICAL RESEARCH AND CLINICAL TRIALS FOR PEDIATRIC CANCER IN THE UNITED STATES OF AMERICA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $40,154
Program Service Revenue $0
Investment Income $225
Other Revenue $0
TOTAL REVENUE $40,379

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $6,521
Other Expenses $17,995
TOTAL EXPENSES $17,995

Year-over-Year Comparison

2022 2021 Change
Revenue $40,379 $76,275 -0.5%
Expenses $17,995 $801,511 -1.0%
Net Income $22,384 $-725,236 -1.0%
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
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
2
$141,223
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA BOOKER EXECUTIVE DI 10.00
Officer
$0 $0 $141,223
BRAD NIERENBERG CHAIRMAN 1.00
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 No data No data No data No data
2023 $40,379 $17,995 $516,288 $22,384
2022 $76,275 $801,511 $485,878 $-725,236
2021 $982,944 $662,881 $1,211,933 $320,063
2018 $180,681 $47,965 $595,684 $132,716
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