Blalock 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

1956

Legal Domicile

Principal Officer

OJoe Hines MD

Phone

3108290282

Tax Period

2024-08-01 to 2025-07-31

Blalock Foundation, founded in 1956, is a small nonprofit in the Diseases & Disorders sector that reported $156K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $528K exceeded revenue, resulting in a 239% operating deficit.

Mission

To support and further research in improving human health and welfare

Program Service Accomplishments

Program 1

Expenses: $440,173

Providing support through ten research grants to The Regents of the University of California to support the work of resident physicians.

Program 2

Expenses: $13,388

Providing support through payment of travel grants to surgical resident physicians at UCLA to facilitate presentation by them of papers at educational medical symposia and conferences

Program 3

Expenses: $3,500

Providing support through giving annual awards to surgical residents for thier exemplary works. Providing support to the Annual Neurosurgery and Urology Research grants, and providing honoraria to...

Providing support through giving annual awards to surgical residents for thier exemplary works. Providing support to the Annual Neurosurgery and Urology Research grants, and providing honoraria to visiting professors.

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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 $17,000

Program Service Revenue $0

Investment Income $138,703

Other Revenue $0

TOTAL REVENUE $155,703

Expense Breakdown

Grants Paid $457,061

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $457,061

Other Expenses $70,463

TOTAL EXPENSES $527,524

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,703	$188,503	-0.2%
Expenses	$527,524	$132,136	+3.0%
Net Income	$-371,821	$56,367	-7.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrea Cracchiolo MD	Trustee	2.00	Director	$0	$0	$0
OJoe Hines MD	Trustee/Pres.	2.00	Officer Director	$0	$0	$0
Langston T Holly MD	Trustee/VP	2.00	Officer Director	$0	$0	$0
Mark S Litwin MD	Trustee	2.00	Director	$0	$0	$0
David R McAllister MD	Trustee/Tres/Se	2.00	Officer 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
2025	$155,703	$527,524	$3,419,552	$-371,821
2024	$188,503	$132,136	$3,677,751	$56,367
2023	$199,041	$396,834	$3,454,385	$-197,793
2022	$390,047	$293,935	$3,652,178	$96,112
2021	$580,695	$336,212	$3,556,066	$244,483