HUNTSMAN CANCER 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

1995

Legal Domicile

Principal Officer

THOMAS MUIR

Phone

8015845700

Tax Period

2023-01-01 to 2023-12-31

HUNTSMAN CANCER FOUNDATION, founded in 1995, is a mid-sized nonprofit in the Medical Research sector that reported $27.4M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $51.4M exceeded revenue, resulting in a 88% operating deficit.

Mission

THE FOUNDATION IS OPERATED EXCLUSIVELY FOR THE PURPOSE OF SUPPORTING THE EDUCATIONAL, RESEARCH, AND HEALTH PROMOTION ACTIVITIES OF THE HEALTH SCIENCES CENTER OF THE UNIVERSITY OF UTAH (THE "UNIVERSITY"). THE UNIVERSITY IS AN INSTRUMENTALITY OF THE (CONTINUED ON SCHEDULE O) STATE OF UTAH GOVERNED BY A BOARD OF REGENTS APPOINTED BY THE GOVERNOR AND THE STATE LEGISLATURE. THE HEALTH SCIENCES CENTER INCLUDES THE UNIVERSITY'S SCHOOL OF MEDICINE; THE COLLEGES OF NURSING, PHARMACY, AND HEALTH; AND THE UNIVERSITY OF UTAH HOSPITAL. MORE SPECIFICALLY, THE FOUNDATION IS PROVIDING SUPPORT FOR THE HUNTSMAN CANCER INSTITUTE AT THE UNIVERSITY OF UTAH ("UHCI"), A NATIONAL CANCER INSTITUTE - DESIGNATED COMPREHENSIVE CANCER CENTER.

Program Service Accomplishments

Program 1

Expenses: $40,197,539

ACTIVITIES TO SUPPORT THE HUNTSMAN CANCER INSTITUTE WHICH IS A CENTER FOR CANCER RESEARCH THAT HAS BEEN FORMED WITHIN THE HEALTH SERVICES CENTER OF THE UNIVERSITY OF UTAH, PURSUANT TO A SUPPORT...

ACTIVITIES TO SUPPORT THE HUNTSMAN CANCER INSTITUTE WHICH IS A CENTER FOR CANCER RESEARCH THAT HAS BEEN FORMED WITHIN THE HEALTH SERVICES CENTER OF THE UNIVERSITY OF UTAH, PURSUANT TO A SUPPORT AGREEMENT WITH THE UNIVERSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $21,197,000

Program Service Revenue $0

Investment Income $6,730,841

Other Revenue $-557,347

TOTAL REVENUE $27,370,494

Expense Breakdown

Grants Paid $38,462,978

Salaries & Benefits $2,765,363

Fundraising Expenses $8,161,780

Program Expenses $40,197,539

Other Expenses $10,145,034

TOTAL EXPENSES $51,373,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,370,494	$19,541,609	+0.4%
Expenses	$51,373,375	$97,811,195	-0.5%
Net Income	$-24,002,881	$-78,269,586	-0.7%

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

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

$662,939

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER R HUNTSMAN	CHAIRMAN/DIRECTOR/CEO	5.00	Officer Director	$0	$0	$0
TAYLOR RANDALL	DIRECTOR	1.00	Director	$0	$0	$0
A SCOTT ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN J SHEEHAN	PRESIDENT/COO (THRU - 04/30/23)	1.00	Officer	$0	$8,171	$351,142
THOMAS E MUIR	VP FINANCE/CFO	3.00	Officer	$0	$0	$0
RON MOFFITT	SECRETARY	1.00	Officer	$0	$0	$0
KIM WIRTHLIN	PRESIDENT/COO (AS OF - 02/01/23)	1.00	Officer	$0	$10,573	$311,797
DALE JERRY NELSON	LEAD MAJOR GIFT OFFICER	1.00	Highest	$0	$13,021	$124,798
LOREN EL SAVAGE	EXECUTIVE DIRECTOR	1.00	Highest	$0	$17,298	$231,070
JILL PEARL	EXECUTIVE DIRECTOR	1.00	Highest	$0	$17,298	$192,018
THOMAS EUGENE HANRATTY	DIRECTOR	1.00	Highest	$0	$26,876	$150,945
BRADLEY KENT BISHOP	MAJOR GIFT OFFICER	1.00	Highest	$0	$18,566	$134,448

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	No data	No data	No data	No data
2023	$27,370,494	$51,373,375	$123,790,146	$-24,002,881
2022	$19,541,609	$97,811,195	$156,746,141	$-78,269,586
2021	$34,840,690	$44,327,493	$266,610,959	$-9,486,803
2020	$25,314,719	$144,884,362	$249,025,932	$-119,569,643
2019	$57,273,253	$28,993,046	$354,592,022	$28,280,207
2018	$135,595,366	$17,392,120	$316,298,811	$118,203,246