FRED HUTCHINSON CANCER CENTER (EIN 911935159) - 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

1998

Legal Domicile

Principal Officer

DR THOMAS LYNCH JR

Phone

2066675000

Tax Period

2023-07-01 to 2024-06-30

FRED HUTCHINSON CANCER CENTER, founded in 1998, is a large national nonprofit in the Health Care sector that reported $2.0B in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

FRED HUTCHINSON CANCER CENTER UNITES INNOVATIVE RESEARCH AND COMPASSIONATE CARE TO PREVENT AND ELIMINATE CANCER AND INFECTIOUS DISEASE.

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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 $630,655,652

Program Service Revenue $1,354,597,702

Investment Income $24,750,936

Other Revenue $17,042,381

TOTAL REVENUE $2,027,046,671

Expense Breakdown

Grants Paid $120,169,153

Salaries & Benefits $754,924,414

Fundraising Expenses $24,861,229

Program Expenses $1,791,028,248

Other Expenses $1,189,362,059

TOTAL EXPENSES $2,064,743,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,027,046,671	$2,322,795,971	-0.1%
Expenses	$2,064,743,953	$1,951,660,593	+0.1%
Net Income	$-37,697,282	$371,135,378	-1.1%

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

Governance

Voting Members

Independent Members

Employees

6797

Volunteers

614

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

$6,964,938

Total Directors

$3,750,661

Key Employees

$4,251,622

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS J LYNCH MD	PRESIDENT & DIRECTOR	55.00	Officer Director	$2,028,077	$364,136	$2,392,213
NANCY DAVIDSON MD	EVP, CLINICAL AFFAIRS	55.00	Director	$1,198,547	$159,901	$1,358,448
LEIGH MORGAN	CHAIR	4.00	Officer Director	$0	$0	$0
RICHARD ANDERSON	VICE-CHAIR(FROM 1/24)	4.00	Officer Director	$0	$0	$0
SEAN BOYLE	VICE-CHAIR(THRU 1/24), DIRECTOR	2.00	Officer Director	$0	$0	$0
KRISTIANNE BLAKE	TREASURER	4.00	Officer Director	$0	$0	$0
JULIE NORDSTROM	SECRETARY	4.00	Officer Director	$0	$0	$0
BRADLEY SIMMONS	DIRECTOR(FROM 8/23)	2.00	Director	$0	$0	$0
CHERYL M SCOTT	DIRECTOR (BEG 4/24)	2.00	Director	$0	$0	$0
CYNTHIA DOLD	DIRECTOR(THRU 8/23)	2.00	Director	$0	$0	$0
EDUARDO PENALVER	DIRECTOR	2.00	Director	$0	$0	$0
JOANNE HARRELL	DIRECTOR	2.00	Director	$0	$0	$0
KATHY SURACE-SMITH	DIRECTOR	2.00	Director	$0	$0	$0
PETE SHIMER	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN GRAHAM	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY H DELLIT MD	DIRECTOR	2.00	Director	$0	$0	$0
NICOLE C ROBINSON PHD	VP & COO	55.00	Officer	$1,153,027	$162,054	$1,315,081
DAVID BROWDY	VP & CFO	54.00	Officer	$1,115,822	$171,675	$1,287,497
STEVEN HAYDON	VP & GENERAL COUNSEL(THRU 2/24)	55.00	Officer	$812,745	$73,528	$886,273
GERIANNE SANDS	CORP SEC., VP&GEN. COUNSEL(BEG 2/24)	55.00	Officer	$365,941	$62,781	$428,722
CHRIS BUNDESMANN	CORPORATE CONTROLLER	54.00	Officer	$288,955	$50,244	$339,199
HERBERT L BONE III	CORPORATE TREASURER	55.00	Officer	$258,649	$57,304	$315,953
BRUCE E CLURMAN MD PHD	EVP, CHIEF SCI. OFFICER & DEPUTY DIRECTOR	55.00	Key Emp	$961,057	$147,503	$1,108,560
FREDERICK APPELBAUM MD	EXECUTIVE VICE PRESIDENT	55.00	Key Emp	$771,543	$141,975	$913,518
TOM PURCELL MD	VP & CHIEF MEDICAL OFFICER	55.00	Key Emp	$661,932	$137,970	$799,902
KELLY O'BRIEN	VP & CHIEF PHILANTHROPY OFFICER	55.00	Key Emp	$621,488	$136,478	$757,966
THERESA MCDONNELL DNP	VP & CHIEF NURSING OFFICER(THRU 9/23)	55.00	Key Emp	$608,583	$63,093	$671,676
SARA HURVITZ MD	SVP & DIRECTOR, CLINICAL RESEARCH	55.00	Highest	$1,057,788	$58,156	$1,115,944
ERIC C HOLLAND MD PHD	SVP & DIRECTOR, HUMAN BIOLOGY	55.00	Highest	$803,616	$144,143	$947,759
KELLY PATRICK	VP & CIO	55.00	Highest	$761,873	$56,627	$818,500
GEOFFREY HILL MD	SVP & DIRECTOR, TRANSLATIONAL SCI	55.00	Highest	$718,444	$137,250	$855,694
JODI BURKE	VP, HUMAN RESOURCES	55.00	Highest	$640,821	$132,867	$773,688
STEPHANIE MAYS	FORMER OFFICER	55.00		$512,712	$68,204	$580,916
CHAD HOGGARD	FORMER KEY EMPLOYEE	55.00		$368,825	$70,387	$439,212
CINDY GIST MHA	FORMER KEY EMPLOYEE	55.00		$354,803	$87,573	$442,376
NICKI NGUYEN-COLVIN	FORMER KEY EMPLOYEE	55.00		$327,282	$64,843	$392,125
BRITTANY MCCREERY MD	FORMER KEY EMPLOYEE	55.00		$320,868	$107,709	$428,577
RICHARD LAFRANCE	FORMER KEY EMPLOYEE	55.00		$276,203	$65,984	$342,187
DANIEL MARKUS	FORMER KEY EMPLOYEE	55.00		$270,742	$33,752	$304,494
MICHELLE HALL	FORMER KEY EMPLOYEE	55.00		$258,875	$52,093	$310,968
TIMOTHY EHLING	FORMER KEY EMPLOYEE	55.00		$252,017	$60,849	$312,866
PAUL HELMUTH	FORMER KEY EMPLOYEE	55.00		$240,299	$34,345	$274,644
GANSUVD BALGANSUREN	FORMER KEY EMPLOYEE	55.00		$233,728	$49,429	$283,157
MATTHEW MCSWEYN	FORMER KEY EMPLOYEE	55.00		$227,577	$45,212	$272,789
CARILLA WALLIN	FORMER KEY EMPLOYEE	55.00		$216,323	$49,736	$266,059
TAMI DEEB	FORMER KEY EMPLOYEE	55.00		$205,480	$22,814	$228,294
ANDREW JACKSON	FORMER KEY EMPLOYEE	55.00		$163,218	$31,001	$194,219

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
2025	No data	No data	No data	No data
2024	$2,027,046,671	$2,064,743,953	$3,453,149,919	$-37,697,282
2023	$2,322,795,971	$1,951,660,593	$3,407,176,412	$371,135,378
2022	$1,283,961,922	$1,134,529,429	$2,999,831,201	$149,432,493
2021	$940,996,725	$841,344,866	$1,535,470,671	$99,651,859
2020	$820,892,125	$735,653,659	$1,020,161,042	$85,238,466
2019	$757,282,570	$684,323,509	$753,310,466	$72,959,061
2018	$653,487,789	$610,353,946	$647,980,104	$43,133,843

FRED HUTCHINSON CANCER CENTER