DANIEL W OFFIT FUND TO FIGHT GLIOB… - Form 990 Financial Data

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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

2024

Legal Domicile

Principal Officer

VINCENT RELLA

Phone

2125883264

Tax Period

2024-04-30 to 2024-12-31

DANIEL W OFFIT FUND TO FIGHT GLIOBLASTOMA INC, founded in 2024, is a small nonprofit in the Medical Research sector that reported $629K in total revenue in fiscal year 2024. The organization ran a surplus of $532K, a strong 85% operating margin.

Mission

THE DANIEL W. OFFIT FUND TO FIGHT GLIOBLASTOMA IS DEDICATED TO ADVANCING GLIOBLASTOMA RESEARCH AND THERAPIES.

Program Service Accomplishments

Program 1

THE DANIEL W. OFFIT FUND TO FIGHT GLIOBLASTOMA, INC. (THE ORGANIZATION) PLANS TO FUNDRAISE TO FUND RESEARCH AND THERAPIES FOR CANCER, INCLUDING IN PARTICULAR GLIOBLASTOMA. THE GLIOBLASTOMA MULTIFORME (GBM) IS THE MOST COMMON AND DEADLIEST FORM OF ADULT BRAIN CANCER. TO DATE THERE HAS BEEN LITTLE PROGRESS MADE IN IDENTIFYING A CURE FOR THIS DISEASE, WITH THE AVERAGE LIFE EXPECTANCY AFTER DIAGNOSIS SADLY BEING AROUND 14 MONTHS. (CONTINUED SCHED O)(CONTINUED FROM PAGE 2, PART III, 4A) THE ORGANIZATION INTENDS TO FUNDRAISE FROM THE PUBLIC, INCLUDING THROUGH FUNDRAISING EVENTS, AND ALL OF THE FUNDS RAISED BY THE ORGANIZATION WILL BE USED TO FUND AND ADVANCE FURTHER RESEARCH AND THERAPIES FOR CANCER, INCLUDING IN PARTICULAR GBM.THE ORGANIZATION INTENDS TO HAVE A SCIENTIFIC ADVISORY BOARD (SAB), WHICH WILL BE COMPOSED OF EXPERT MEDICAL AND RESEARCH PROFESSIONALS, TO ADVISE THE ORGANIZATION ON THE PROJECTS THAT HAVE THE MOST VIABLE PATH TO A CURE FOR GBM. THE ORGANIZATION WILL USE THE FEEDBACK OF ITS SAB TO DETERMINE THE MOST IMPORTANT RESEARCH PRIORITIES AND TO SOLICIT AND FUND RESEARCH PROPOSALS AIMED AT ADDRESSING THESE PRIORITIES. THE ORGANIZATION WILL ENSURE THAT ANY GRANTS IT MAKES ARE SELECTED AND DISTRIBUTED THROUGH AN OPEN AND DISINTERESTED PROCESS AND THROUGH EXISTING ACADEMIC AND PROFESSIONAL INFRASTRUCTURES.

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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 $615,339

Program Service Revenue $0

Investment Income $14,018

Other Revenue $0

TOTAL REVENUE $629,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $97,425

Other Expenses $97,425

TOTAL EXPENSES $97,425

Year-over-Year Comparison

	2024	2023	Change
Revenue	$629,357	N/A	N/A
Expenses	$97,425	N/A	N/A
Net Income	$531,932	N/A	N/A

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
MORRIS OFFIT	DIRECTOR	2.00	Director	$0	$0	$0
NED OFFIT	PRESIDENT	2.00	Officer Director	$0	$0	$0
VINCENT RELLA	SECRETARY/TREASURER	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
2024	$629,357	$97,425	$538,884	$531,932

DANIEL W OFFIT FUND TO FIGHT GLIOBLASTOMA INC