The Oklahoma Proton Foundation

EIN: 844765097 501(c)(3) Health Care

Oklahoma City, OK

Total Revenue
$28,894,386
Total Expenses
$32,372,725
Total Assets
$81,059,386
Net Assets
$-6,602,692
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
OK
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

Organization was formed to acquire and operate a proton therapy center located in Oklahoma City, Oklahoma. The proton therapy center operates under the name of The Oklahoma Proton Center, LLC. Proton therapy is the cutting edge of radiation cancer treatment. It is an advanced form of radiation therapy utilized for a growing list of clinical indications, including brain, breast, lung, prostate, and pediatric cancers.

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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 $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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Governance

Voting Members
6
Independent Members
N/A
Employees
78
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
3
$18,750
Total Directors
6
$37,500
Key Employees
4
$741,967
Highest Compensated
0
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
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