CONNECTICUT UNITED FOR RESEARCH EXCELLENCE INC

EIN: 061304212 501(c)(3) Medical Research

GROTON, CT

Total Revenue
$971,950
Total Expenses
$870,703
Total Assets
$607,289
Net Assets
$583,341
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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

Legal Domicile
CT
Principal Officer
STANLEY CHOY
Phone
2034702720
Tax Period
2023-07-01 to 2024-06-30

CONNECTICUT UNITED FOR RESEARCH EXCELLENCE INC is a small nonprofit in the Medical Research sector that reported $972K in total revenue in fiscal year 2023. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $871K left a modest 10% surplus.

Mission

TO EDUCATE AND INFORM THE PUBLIC ABOUT BIOMEDICAL RESEARCH AND BIOTECHNOLOGY AND TO ADVANCE SUCH RESEARCH AND TECHNOLOGY.

Program Service Accomplishments

Program 1
Expenses: $827,217

BIOCT WORKED WITH 200 MEMBERS TO FOSTER CONNECTEDNESS AMONG PHARMACEUTICAL COMPANIES, BIOTECH FIRMS, AND COLLEGES AND UNIVERSITIES, IN ORDER TO FORM RELATIONSHIPS BETWEEN INDUSTRY AND EDUCATION...

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BIOCT WORKED WITH 200 MEMBERS TO FOSTER CONNECTEDNESS AMONG PHARMACEUTICAL COMPANIES, BIOTECH FIRMS, AND COLLEGES AND UNIVERSITIES, IN ORDER TO FORM RELATIONSHIPS BETWEEN INDUSTRY AND EDUCATION, PROMOTED CT AS A BIOTECH AND PHARMACEUTICAL FRIENDLY STATE THROUGH EDUCATIONAL SEMINARS AND EVENTS, MEETINGS FOR ENTREPRENEURS TO DISCUSS THEIR START-UPS AND CONFERENCES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $617,817
Program Service Revenue $354,133
Investment Income $0
Other Revenue $0
TOTAL REVENUE $971,950

Expense Breakdown

Grants Paid $0
Salaries & Benefits $647,409
Fundraising Expenses $0
Program Expenses $827,217
Other Expenses $223,294
TOTAL EXPENSES $870,703

Year-over-Year Comparison

2023 2022 Change
Revenue $971,950 $601,426 +0.6%
Expenses $870,703 $618,171 +0.4%
Net Income $101,247 $-16,745 -7.0%
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

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Governance

Voting Members
22
Independent Members
22
Employees
6
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
4
$193,581
Total Directors
22
$193,581
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JODIE GILLON PRESIDENT & 40.00
Officer Director
$113,414 $0 $113,414
KELLEY GIPSON COO 40.00
Highest
$110,000 $0 $110,000
DAWN HOCEVAR PRESIDENT & 30.00
Officer Director
$41,667 $0 $41,667
STANLEY CHOY CHAIR & TREA 10.00
Officer Director
$38,500 $0 $38,500
MARK ADAMS DIRECTOR 0.10
Director
$0 $0 $0
ABHIJIT BANERJEE DIRECTOR 0.10
Director
$0 $0 $0
ROBERT BETTIGOLE DIRECTOR 0.10
Director
$0 $0 $0
JEAN-MICHEL BOERS DIRECTOR 0.10
Director
$0 $0 $0
SENG H CHENG DIRECTOR 0.10
Director
$0 $0 $0
PAUL FONTEYNE DIRECTOR 0.10
Director
$0 $0 $0
JOSH GEBALLE DIRECTOR 0.10
Director
$0 $0 $0
JOHN G HOUSTON DIRECTOR 0.10
Director
$0 $0 $0
PAUL HUGHES SECRETARY 0.10
Officer Director
$0 $0 $0
KAT KAYSER-BRICKER DIRECTOR 0.10
Director
$0 $0 $0
RAJA MANGIPUDY DIRECTOR 0.10
Director
$0 $0 $0
DAVID I SCHEER DIRECTOR 0.10
Director
$0 $0 $0
JACKIE SCHUMACHER DIRECTOR 0.10
Director
$0 $0 $0
ERIKA SMITH DIRECTOR 0.10
Director
$0 $0 $0
J DORMER STEPHEN DIRECTOR 0.10
Director
$0 $0 $0
MATT STOREYGARD DIRECTOR 0.10
Director
$0 $0 $0
MIKE STOW DIRECTOR 0.10
Director
$0 $0 $0
CARTER WINSTANLEY DIRECTOR 0.10
Director
$0 $0 $0
KAILE ZAGGER DIRECTOR 0.10
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 $344,203 $491,652 $580,574 $-147,449
2024 $971,950 $870,703 $607,289 $101,247
2023 $601,426 $618,171 $496,336 $-16,745
2022 $831,236 $709,651 $829,464 $121,585
2021 $683,846 $521,878 $559,745 $161,968
2020 $492,808 $480,172 $457,427 $12,636
2019 $556,340 $578,726 $345,959 $-22,386
2018 $472,550 $414,345 $278,029 $58,205
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