PRECEDE FOUNDATION INC (EIN 851199264) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

Principal Officer

Jamie Brickell

Phone

9412637968

Tax Period

2024-01-01 to 2024-12-31

PRECEDE FOUNDATION INC, founded in 2020, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO SUPPORT THE EFFORTS OF THE PANCREATIC CANCER EARLY DETECTION PROGRAM CONSORTIUM. THE CONSORTIUM IS AN INTERNATIONAL COLLABORATIVE EFFORT, CURRENTLY COMPRISED OF 35 HOSPITALS AND EDUCATIONAL INSTITUTIONS, DESIGNED TO TRANSFER THE LANDSCAPE OF PANCREATIC CANCER RISK ASSESSMENT, EARLY DETETCTION AND PREVENTION.

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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 $1,133,212

Program Service Revenue $53,550

Investment Income $0

Other Revenue $59,135

TOTAL REVENUE $1,245,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $445,517

Fundraising Expenses $0

Program Expenses $1,478,337

Other Expenses $1,126,130

TOTAL EXPENSES $1,571,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,245,897	$1,388,465	-0.1%
Expenses	$1,571,647	$680,849	+1.3%
Net Income	$-325,750	$707,616	-1.5%

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

Employees

Volunteers

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

$239,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronald Horvat	Executive Dir.	40.00	Officer	$239,400	$0	$239,400
Debbie Brandel	VP of Operations	40.00		$174,400	$0	$174,400
Jamie Brickell	President	1.00	Officer Director	$0	$0	$0
Victoria Manax	Board Member	1.00	Director	$0	$0	$0
Lyle Jackson	Board Member	1.00	Director	$0	$0	$0
Doug Frankel	Board Member	1.00	Director	$0	$0	$0
Daniel Karlsberg	Board Member	1.00	Director	$0	$0	$0
Michael Gershenson	Board Member	1.00	Director	$0	$0	$0
Garry Lowe	Board Member	1.00	Director	$0	$0	$0
Skip Trachtman	Board Member	1.00	Director	$0	$0	$0
Laurie MacCaskill	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	$1,245,897	$1,571,647	$606,955	$-325,750
2023	$1,388,468	$519,137	$1,047,247	$869,331
2022	$143,231	$160,173	$177,267	$-16,942
2021	$241,163	$82,708	$194,209	$158,455

PRECEDE FOUNDATION INC