NEW ORLEANS BIO INNOVATION CENTER INC (EIN 200078125) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

KRISTOPHER KHALIL

Phone

5046802973

Tax Period

2024-07-01 to 2025-06-30

NEW ORLEANS BIO INNOVATION CENTER INC, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2024. Expenses of $3.8M exceeded revenue, resulting in a 40% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO MANAGE A BIOTECHNOLOGY INCUBATOR FACILITY TO DEVELOP AND SUPPORT A LIFE SCIENCE INDUSTRY IN NEW ORLEANS.

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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 $954,036

Program Service Revenue $126,163

Investment Income $40,765

Other Revenue $1,626,232

TOTAL REVENUE $2,747,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $742,375

Fundraising Expenses $0

Program Expenses $3,213,489

Other Expenses $3,091,426

TOTAL EXPENSES $3,833,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,747,196	$2,602,562	+0.1%
Expenses	$3,833,801	$4,147,194	-0.1%
Net Income	$-1,086,605	$-1,544,632	-0.3%

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

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

Total Directors

Key Employees

$223,454

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN FORMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
NICOLE HONOREE	BOARD MEMBER	2.00	Director	$0	$0	$0
DR STEVE NELSON	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
PATRICK NORTON	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANDRE RUBENSTEIN	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JOSH FLEIG	BOARD MEMBER	2.00	Director	$0	$0	$0
KANEISHA AKINPELUMI	BOARD MEMBER	2.00	Director	$0	$0	$0
ARTHUR COOPER	BOARD MEMBER	2.00	Director	$0	$0	$0
KRISTOPHER KHALIL	PRESIDENT/CEO	40.00	Key Emp	$187,500	$35,954	$223,454

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
2025	$2,747,196	$3,833,801	$33,204,192	$-1,086,605
2024	No data	No data	No data	No data
2023	$2,777,460	$3,441,279	$35,981,638	$-663,819
2022	$2,652,468	$3,397,260	$36,174,841	$-744,792
2021	$2,583,962	$3,142,678	$37,003,037	$-558,716
2020	$1,498,077	$2,667,218	$37,506,947	$-1,169,141

NEW ORLEANS BIO INNOVATION CENTER INC