Casting for Hope

Nonprofit profile at a glance

EIN
464852561
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2018, Form 990-N 2014
Location
Morganton, NC, USA
Phone
8284437726
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Reported finances

Revenue
$177,660
Expenses
$191,027
Assets
$183,622
Liabilities
$6,472

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • KATHRYN P HANEY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KATHRYN P HANEY (EXECUTIVE DIRECTOR): $18,000 total reported compensation
  • ERICA BAXTER (EXECUTIVE TEAM ADMINISTRATOR): $9,113 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Casting for hope's primary purpose is to attend to the financial, emotional, and spiritual needs of women living with and surviving through an ovarian or gynecological cancer diagnosis and treatment, fill service gaps for these women and their families, and nurture women and their caregivers during the cancer journey by presenting a network of related resources. Casting for hope directors listen to concerns, offer a degree of financial assistance, hold retreats for a time of respite, and distribute ovarian and gynecological cancer educational literature. Through assistance programs, female cancer survivors receive limited financial assistance, retreat opportunities, referrals to other organizations, and resource lists. Funds to sustain these programs are raised through fly-fishing tournaments and sponsorships, 5k walks and runs, concerts and dinners, various community events, private donations and community grants.

What it reported doing in 2024

Retreats: weekend respites for gynecological cancer patients and their caregivers. Fellowship amid presentations. Talks on cancer and health-related topics. Casting and fly-fishing participation. Fly-tying demonstrations. Retreats offered at no cost to participants. Casting for hope organizes weekend retreats for up to fourteen gynecological cancer patients/survivors and their caregivers at the retreat center. Guests bond over the two-day period through shared experiences and personal stories. Professionals in the fields of oncology, survivorship, health and well-being, and other related topics present practical information. Fly-tying and casting are demonstrated by expert anglers and fly-fishing participation is encouraged. The primary goal is to give participants a break from clinical settings. For a shorter get-away period, day retreats and one-night stay retreats may be scheduled for an individual and her caregiver(s). Day retreats are also open to cancer support groups. Casting for hope's team goal is to increase the number of day and one-night stay retreats. Casting for hope directors think the treatment and other illness isolation required for those who are undergoing or have gone through cancer treatment can be unsettling. Believing it is beneficial for patients to step out of a clinical setting and/or an isolated home environment, the team offers spring and fall retreats to a specific number of patients and their caregivers.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 92
  • Accountability: 84
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.9%; rating input score 78
  • Program expense ratio: 72.4%; rating input score 72
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -7.5%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0.96; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 14.2%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 2.2% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 4.4% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 9.5% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 77.9% of revenue deployed · 72.4% of spending went to programs
  • Governance: 9 of 9 board members independent · 5 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $138K in reported program spending
  • Leadership: top reported pay $18K · 9 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 25/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Sustainability: Officer compensation ratio scored 25/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.