SARC

EIN: 861087705 501(c)(3) Medical Research

Ann Arbor, MI

Total Revenue
$2,780,009
Total Expenses
$3,522,270
Total Assets
$3,914,887
Net Assets
$3,593,000
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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
2004
Legal Domicile
MI
Principal Officer
Steven Young
Phone
7349307600
Tax Period
2024-01-01 to 2024-12-31

SARC, founded in 2004, is a community nonprofit in the Medical Research sector that reported $2.8M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 27% operating deficit.

Mission

SARC exists to provide a collaborative platform to make progress in the prevention, diagnosis, and treatment of sarcoma.

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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 $2,573,441
Program Service Revenue $44,800
Investment Income $154,206
Other Revenue $7,562
TOTAL REVENUE $2,780,009

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,069,969
Fundraising Expenses $206,414
Program Expenses $2,355,847
Other Expenses $2,452,301
TOTAL EXPENSES $3,522,270

Year-over-Year Comparison

2024 2023 Change
Revenue $2,780,009 $3,705,576 -0.2%
Expenses $3,522,270 $3,466,626 +0.0%
Net Income $-742,261 $238,950 -4.1%
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
8
Independent Members
7
Employees
9
Volunteers
66

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
4
$325,382
Total Directors
9
$325,382
Key Employees
1
$171,003
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven Young President & CEO 40.00
Officer Director
$275,625 $49,757 $325,382
Ernest Conrad Board Chair 1.00
Officer Director
$0 $0 $0
John Hopper Treasurer 1.00
Officer Director
$0 $0 $0
Eva Gallagher Secretary 1.00
Officer Director
$0 $0 $0
Ann Graham Board Member 1.00
Director
$0 $0 $0
Timothy Timmerman Board Member 1.00
Director
$0 $0 $0
Andrew Wagner Board Member 1.00
Director
$0 $0 $0
Thomas Williams Board Member 1.00
Director
$0 $0 $0
Marlene Portnoy Former Board Member 0.00
Director
$0 $0 $0
Claudia Hill Chief Operating Officer 40.00
Key Emp
$154,800 $16,203 $171,003
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 $2,780,009 $3,522,270 $3,914,887 $-742,261
2023 $3,705,576 $3,466,626 $4,647,616 $238,950
2022 $3,308,156 $3,523,580 $4,435,160 $-215,424
2021 $2,975,322 $3,871,934 $4,576,741 $-896,612
2020 $2,628,542 $3,627,831 $7,324,171 $-999,289
2019 $4,429,424 $3,243,139 $8,183,005 $1,186,285
2018 $4,026,485 $4,328,308 $6,819,408 $-301,823
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