The Oklahoma Proton Foundation

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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

2021

Legal Domicile

Principal Officer

G Richard Fransen

Phone

4159849804

Tax Period

2024-01-01 to 2024-12-31

The Oklahoma Proton Foundation, founded in 2021, is a mid-sized nonprofit in the Health Care sector that reported $28.9M in total revenue in fiscal year 2024. Expenses of $32.4M exceeded revenue, resulting in a 12% operating deficit.

Mission

To acquire and operate an advanced proton therapy treatment center located in Oklahoma City, Oklahoma.

Program Service Accomplishments

Program 1

Expenses: $28,273,102 Revenue: $28,352,641

The Oklahoma Proton Center, LLC, wholly owned by the Foundation, is a cancer center that has successfully treated thousands of patients from all over the United States and from fifteen different...

The Oklahoma Proton Center, LLC, wholly owned by the Foundation, is a cancer center that has successfully treated thousands of patients from all over the United States and from fifteen different countries. Its doctors have experience treating patients with a wide variety of conditions, including breast cancer, lung cancer, prostate cancer, head and neck cancer, pediatric cancers, liver cancer, esophageal cancer and many other diagnoses. The facility features four treatment rooms with advanced in-room imaging capabilities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $28,401,603

Investment Income $312,085

Other Revenue $180,698

TOTAL REVENUE $28,894,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,697,267

Fundraising Expenses $0

Program Expenses $28,273,102

Other Expenses $26,675,458

TOTAL EXPENSES $32,372,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,894,386	$27,970,398	+0.0%
Expenses	$32,372,725	$31,399,767	+0.0%
Net Income	$-3,478,339	$-3,429,369	+0.0%

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

Governance

Voting Members

Independent Members

N/A

Employees

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

$18,750

Total Directors

$37,500

Key Employees

$741,967

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G Richard Fransen	Chair	0.50	Officer Director	$6,250	$0	$6,250
Les Fout	Treasurer	0.50	Officer Director	$6,250	$0	$6,250
Rodney Baker	Secretary	0.50	Officer Director	$6,250	$0	$6,250
Gary Bridwell	Board Member	0.50	Director	$6,250	$0	$6,250
Nicholas J Samarripas	Board Member	0.50	Director	$6,250	$0	$6,250
Steve Rowley	Board Member	0.50	Director	$6,250	$0	$6,250
Yi Le	Director of Physics	40.00	Key Emp	$252,718	$0	$252,718
Thanh Nguyen	Physicist	40.00	Key Emp	$170,503	$0	$170,503
Randall Johnson	Dosimetry Manager	40.00	Key Emp	$165,047	$0	$165,047
Ying Feng	Dosimetrist	40.00	Key Emp	$153,699	$0	$153,699
Levi Garrett	Former Physicist	40.00		$195,452	$0	$195,452

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	$28,894,386	$32,372,725	$81,059,386	$-3,478,339
2023	$27,970,398	$31,399,767	$83,206,043	$-3,429,369
2022	$24,408,997	$28,741,766	$84,927,274	$-4,332,769
2021	$19,765,055	$22,935,444	$88,267,209	$-3,170,389