LICR CHARITABLE TRUST (EIN 986039547) - 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

1988

Principal Officer

Edward A McDermott Jr

Phone

2124501500

Tax Period

2023-10-01 to 2024-09-30

LICR CHARITABLE TRUST, founded in 1988, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $150K in total revenue in fiscal year 2023. Expenses of $454K exceeded revenue, resulting in a 203% 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.

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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 $0

Program Service Revenue $0

Investment Income $149,784

Other Revenue $0

TOTAL REVENUE $149,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,762

Fundraising Expenses $0

Program Expenses $272,085

Other Expenses $140,825

TOTAL EXPENSES $453,587

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,784	$156,454	0.0%
Expenses	$453,587	$477,208	0.0%
Net Income	$-303,803	$-320,754	-0.1%

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

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

$1,442,181

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Edward A McDermott Jr	Individual Trustee	1	Director	$52,788	$93,653	$1,045,460
John L Notter	Individual Trustee	1	Director	$52,788	$0	$156,489
John D Gordan III	Individual Trustee	1	Director	$52,788	$0	$93,722
Dr Jedd D Wolchok	Individual Trustee	1	Director	$52,788	$0	$93,722
Sir John Bell	Individual Trustee	1	Director	$52,788	$0	$52,788
N/A	Administrative Trustee	1		$52,788	$0	$52,788

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	$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

LICR CHARITABLE TRUST