LICR CHARITABLE TRUST

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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

1988

Principal Officer

Edward A McDermott Jr

Phone

2124501500

Tax Period

2024-10-01 to 2025-09-30

LICR CHARITABLE TRUST, founded in 1988, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $280K in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $503K exceeded revenue, resulting in a 80% operating deficit.

Mission

The organization is a Bermudian trust whose mission is to operate in connection with the Ludwig Institute for Cancer Research Ltd ("the Institute"), a Swiss not-for-profit organization, by maintaining oversight of the management of the Institute's programs and operations.

Program Service Accomplishments

Program 1

Expenses: $295,968 Revenue: $0

Oversight of the management Ludwig Institute for Cancer Research Ltd

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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 $0

Program Service Revenue $0

Investment Income $279,620

Other Revenue $0

TOTAL REVENUE $279,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,645

Fundraising Expenses $0

Program Expenses $295,968

Other Expenses $166,051

TOTAL EXPENSES $502,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$279,620	$149,784	+0.9%
Expenses	$502,696	$453,587	+0.1%
Net Income	$-223,076	$-303,803	-0.3%

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

$1,033,466

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward A McDermott Jr	Individual Trustee	1	Director	$54,960	$51,800	$670,727
John L Notter	Individual Trustee	1	Director	$54,960	$0	$115,317
John D Gordan III	Individual Trustee	1	Director	$54,960	$0	$96,231
Dr Jedd D Wolchok	Individual Trustee	1	Director	$54,960	$0	$96,231
Sir John Bell	Individual Trustee	1	Director	$54,960	$0	$54,960
N/A	Administrative Trustee	1		$41,220	$0	$41,220

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	$279,620	$502,696	$2,915,073	$-223,076
2024	$149,784	$453,587	$3,138,149	$-303,803
2023	$156,454	$477,208	$3,441,952	$-320,754
2022	$392,973	$457,871	$3,762,706	$-64,898
2021	$254,319	$425,407	$3,827,604	$-171,088
2020	$4,158,922	$408,574	$3,998,692	$3,750,348