BOYCE THOMPSON INSTITUTE FOR PLANT… - 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

1924

Legal Domicile

Principal Officer

RYAN HILDRETH

Phone

6072541225

Tax Period

2024-01-01 to 2024-12-31

BOYCE THOMPSON INSTITUTE FOR PLANT RESEARCH INC, founded in 1924, is a mid-sized nonprofit in the Science & Technology sector that reported $15.5M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $18.0M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO ADVANCE AND COMMUNICATE SCIENTIFIC DISCOVERY IN PLANT BIOLOGY TO IMPROVE AGRICULTURE, PROTECT THE ENVIRONMENT AND ENHANCE HUMAN HEALTH.

Program Service Accomplishments

Program 1

Expenses: $8,528,436

IMPROVE AGRICULTURE/SUSTAINABLE FOOD PRODUCTION: BTI SCIENTISTS ADVANCE, COMMUNICATE, AND APPLY PLANT RESEARCH TOWARDS PRODUCING AN INCREASINGLY SUSTAINABLE FOOD SUPPLY. FOOD SECURITY ANALYSIS BY THE UNITED NATIONS HAS CITED CLIMATE CHANGE, NATURAL DISASTER, RAPID URBANIZATION AND UNPRECENDENTED POPULATION GROWTH AS GREAT CHALLENGES TO THE SUSTAINABLE FUTURE OF THE WORLD FOOD SUPPLY. AT BTI, SCIENTISTS ARE INVESTIGATING, AT THE MOLECULAR LEVEL, HOW PLANTS GROW, RESPOND TO LIGHT, AND MAKE USE ON A SCALE THAT CAN MEET DEMAND. CURRENT RESEARCH IS FOCUSED ON IMPROVING THE NUTRITIVE QUALITY OF FOOD, INCREASING YIELD AND FURTHERING THE SUSTAINABILITY OF AGRONOMICALLY VIABLE PLANT SPECIES. SPECIFIC RESEARCH FOCUSES ON LONGER SHELFLIFE, CROPS THAT PRODUCE HIGHER YIELD WITH LESS INPUTS, REDUCED NEED FOR CHEMICAL FERTILIZATION, AND PLANTS WITH HIGHER TOLERANCE FOR ENVIRONMENTAL STRESSORS SUCH AS DROUGH, SALINITY, HEAT AND COLD.

Program 2

Expenses: $5,274,177

RESEARCH TOOLS & COMMUNICATIONS: BTI SCIENTISTS ADVANCE, COMMUNICATE, AND APPLY PLANT RESEARCH TOWARDS THE ADVANCEMENT OF SCIENTIFIC KNOWLEDGE. VIRTUALLY EVERY DAY, SCIENTISTS DISCOVER AND RECORD A STAGGERING AMOUNT OF NEW INFORMATION ABOUT THE GENES, PROTEINS AND CHEMICALS THAT DIRECT THE DEVELOPMENT OF CELLS. BTI RESEARCHERS ALSO ARE CONTINUALLY DEVELOPING NEW TECHNIQUES FOR LABORATORY RESEARCH. BTI SCIENTISTS ARE DEVELOPING INNOVATIVE SOFTWARE AND DATABASES, ENABLING RESEARCHERS TO BETTER ORGANIZE, ACCESS AND RETRIEVE A WEALTH OF DATA, ISOLATE AND IDENTIFY SPECIFIC GENES CONTROLLING THE SPECIFIC LIFE PROCESSES AND IDENTIFY MOLECULES WITH POTENTIAL EVOLUTIONARY, BIOLOGICAL AND MEDICAL IMPORTANCES. BTI SCIENTISTS ALSO DEVELOP NEW RESEARCH PROTOCOLS FOR TRANSFORMING PLANTS WITH GENES OF INTEREST TO DISCOVER THEIR FUNCTIONS.

Program 3

Expenses: $7,317

IMPROVED HUMAN HEALTH: INSTITUTE SCIENTISTS ADVANCE, COMMUNICATE, AND APPLY PLANT SCIENCE AND RELATED RESEARCH TOWARDS IMPROVED HUMAN HEALTH. CURRENT RESEARCH AT BTI MAY LEAD TO AN INCREASE IN OUR...

IMPROVED HUMAN HEALTH: INSTITUTE SCIENTISTS ADVANCE, COMMUNICATE, AND APPLY PLANT SCIENCE AND RELATED RESEARCH TOWARDS IMPROVED HUMAN HEALTH. CURRENT RESEARCH AT BTI MAY LEAD TO AN INCREASE IN OUR UNDERSTANDING OF HUMAN DISEASES SUCH AS DIABETES, ALZHEIMER'S DISEASE AND AGING-RELATED DISEASES. BTI RESEARCHERS DEVELOP CELL LINES IN PLANTS AND INSECTS THAT CAN BE USED TO MANUFACTURE THERAPEUTICS, DIAGNOSTICS, AND VACCINES. INSTITUTE RESEARCH ALSO MAY LEAD TO MORE NUTRITIOUS FOODS TO COMBAT VITAMIN DEFICIENCIES AND LESS PESTICIDE USE TO REDUCE HUMAN EXPOSURE TO HARMFUL CHEMICALS. BTI SCIENTISTS ALSO STUDY HOW PLANTS PRODUCE PHARMACEUTICALLY ACTIVE COMPOUNDS AND MAY LEAD TO NEW SOURCES OF NATURAL WAYS TO COMBAT CONDITIONS LIKE HEART DISEASE.

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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 $13,108,061

Program Service Revenue $0

Investment Income $1,819,329

Other Revenue $613,545

TOTAL REVENUE $15,540,935

Expense Breakdown

Grants Paid $949,270

Salaries & Benefits $10,472,683

Fundraising Expenses $314,282

Program Expenses $14,062,394

Other Expenses $6,568,672

TOTAL EXPENSES $17,990,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,540,935	$12,819,530	+0.2%
Expenses	$17,990,625	$21,775,037	-0.2%
Net Income	$-2,449,690	$-8,955,507	-0.7%

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

140

Volunteers

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

$647,156

Total Directors

$221,661

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN HOULTON	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE MCCOMAS	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET KRIEGER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES TRAUTMANN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC LYONS	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY GALVIN	CHAIR	1.00	Officer Director	$0	$0	$0
JOCELYN ROSE	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET SMITH	DIRECTOR	1.00	Director	$0	$0	$0
LOURDES CASANOVA	DIRECTOR	1.00	Director	$0	$0	$0
IAN GAZARD	DIRECTOR	1.00	Director	$0	$0	$0
MARK NELSON	DIRECTOR	1.00	Director	$0	$0	$0
STACY KIMMEL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTO CANIZARES	DIRECTOR	1.00	Director	$0	$0	$0
PETER CORNELIUS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CHOMET	CHAIR	1.00	Officer Director	$0	$0	$0
SALLY ROCKEY	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
MELINDA OAKES	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARY LOU GUERINOT	DIRECTOR	1.00	Director	$0	$0	$0
OLIVER SCHULZE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STERN	PRIMARY INVESTIGATOR	40.00	Director	$190,274	$31,387	$221,661
SILVIA RESTREPO	PRESIDENT	40.00	Officer	$375,525	$19,316	$394,841
MEREDITH WILLIAMS	ASSISTANT EXECUTIVE/SECRET	40.00	Officer	$62,426	$31,052	$93,478
RYAN HILDRETH	DIRECTOR OF FINANCE/TREASU	40.00	Officer	$152,227	$6,610	$158,837
MARIA HARRISON	PRIMARY INVESTIGATOR	40.00	Highest	$277,211	$20,039	$297,250
FRANK SCHROEDER	PRIMARY INVESTIGATOR	40.00	Highest	$195,411	$16,145	$211,556
ERIC RICHARDS	PRIMARY INVESTIGATOR	40.00	Highest	$178,466	$27,156	$205,622
ZHANGJUN FEI	PRIMARY INVESTIGATOR	40.00	Highest	$252,978	$9,238	$262,216

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	$15,540,935	$17,990,625	$85,511,204	$-2,449,690
2023	$12,819,530	$21,775,037	$82,750,847	$-8,955,507
2022	$13,422,220	$21,924,107	$85,345,949	$-8,501,887
2021	$16,707,988	$18,290,743	$101,082,296	$-1,582,755
2020	$11,509,277	$17,156,223	$88,923,201	$-5,646,946
2019	$13,148,538	$18,147,418	$84,751,025	$-4,998,880
2018	$17,406,193	$19,118,708	$78,740,649	$-1,712,515

BOYCE THOMPSON INSTITUTE FOR PLANT RESEARCH INC