The University of Tennesseewest Institute for Cancer Research

Nonprofit profile at a glance

EIN
471358542
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Memphis, TN, USA
Phone
9013362228
Rating
48
Verdict
MIXED
Rating confidence
Moderate
Sector
Health

Official website

Reported finances

Revenue
$269,403
Expenses
$50,709
Assets
$5,464,323
Liabilities
$24,930

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

Leadership & pay

7 people listed

Executive titles in this filing

  • DR MICHAEL UGWUEKE (PRESIDENT)

People named in this filing

  • DR MICHAEL UGWUEKE (PRESIDENT)
  • DR NEIL HAYES (DIRECTOR)
  • MONICA WHARTON (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

At inception, the purpose of the institute was to invest in discovery, innovation and advancement in the field of adult cancer research and patient education, care and support. See schedule o for additional information.

What it reported doing in 2024

The university of Tennessee/west institute for cancer research was fully dedicated to raising funds for adult cancer research in memphis, Tennessee. The plan was to broaden cutting-edge research programs and to strengthen the ability to provide the best possible cancer treatment and supportive services to patients. As disclosed in schedule o, the organization approved a plan of dissolution on october 14, 2020. Accordingly, during 2024 there were no program expenses incurred. The organization did not solicit nor accept any contributions in 2024.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 89
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 81.2%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 107.76; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -16.7% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -28% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -8.8% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 7 of 7 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.