Closer to Cure Foundation

EIN: 833703299 501(c)(3)

Park City, UT

Total Revenue
$1,035,537
Total Expenses
$10,377
Total Assets
$1,025,160
Net Assets
$1,025,160
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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
2019
Legal Domicile
UT
Phone
4353002736
Tax Period
2019-01-01 to 2019-12-31

Closer to Cure Foundation, founded in 2019, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2019. The organization ran a surplus of $1.0M, a strong 99% operating margin.

Mission

Closer to Cure Foundation provides philanthropic support to researchers and organizations utilizing evolutionary biology to develop new therapeutics to cure cancer and disease in humans and animals.

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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 (2019)

Revenue Breakdown

Contributions & Grants $1,033,594
Program Service Revenue $0
Investment Income $1,943
Other Revenue $0
TOTAL REVENUE $1,035,537

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,900
Fundraising Expenses $0
Program Expenses $6,301
Other Expenses $1,477
TOTAL EXPENSES $10,377

Year-over-Year Comparison

2019 2018 Change
Revenue $1,035,537 N/A N/A
Expenses $10,377 N/A N/A
Net Income $1,025,160 N/A N/A
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
6
Independent Members
6
Employees
1
Volunteers
5

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gareth Mitchell Executive Director 20.00
$7,644 $0 $7,644
Laurie Eastwood Co-President 2.00
Director
$0 $0 $0
Morgan Irvin Treasurer 1.00
Director
$0 $0 $0
Clinton Nagy Director 0.50
Director
$0 $0 $0
Aimee Preston Secretary 2.00
Director
$0 $0 $0
Marva Warnock Co-President 2.00
Director
$0 $0 $0
Oliver Wyss Director 0.10
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
2019 $1,035,537 $10,377 $1,025,160 $1,025,160
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