THE INSTITUTE FOR INDUSTRIAL & APPLIED LIFE SCIENC (EIN 201215246) - 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

2004

Legal Domicile

Principal Officer

SARA HAGEN

Phone

8167494012

Tax Period

2024-01-01 to 2024-12-31

THE INSTITUTE FOR INDUSTRIAL & APPLIED LIFE SCIENC, founded in 2004, is a small nonprofit in the Education sector that reported $281K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $369K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROMOTE AND FOSTER DEVELOPMENT OF LIFE SCIENCES IN THE ST. JOSEPH, MO AREA, AND TO PROVIDE A PLATFORM FOR DEVELOPMENT IN THE AREA OF LIFE SCIENCES IN THE ST. JOSEPH, MO AREA.

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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 $114,208

Program Service Revenue $149,071

Investment Income $17,352

Other Revenue $0

TOTAL REVENUE $280,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,529

Fundraising Expenses $0

Program Expenses $136,323

Other Expenses $270,433

TOTAL EXPENSES $368,962

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,631	$434,225	-0.4%
Expenses	$368,962	$376,124	0.0%
Net Income	$-88,331	$58,101	-2.5%

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

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

$91,371

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA HAGEN	N/A	40.00	Officer	$86,255	$5,116	$91,371
KEVIN KELLY	DIRECTOR	0.50	Director	$0	$0	$0
JAMIN SYBERT	DIRECTOR	0.10	Director	$0	$0	$0
DANIEL PFISTER	DIRECTOR	0.10	Director	$0	$0	$0
MIKE VANEK	DIRECTOR	0.10	Director	$0	$0	$0
JOHN JOSENDALE	DIRECTOR	0.10	Director	$0	$0	$0
JOHN EBLING	DIRECTOR	0.10	Director	$0	$0	$0
BOB MILLER	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT NELSON	DIRECTOR	0.10	Director	$0	$0	$0
AL LANDES	DIRECTORVICE CHAIRMAN	0.10	Officer Director	$0	$0	$0
ELIZABETH KENNEDY	DIRECTORTREASURER	0.10	Officer Director	$0	$0	$0
BRENDON CLARK	DIRECTORCHAIRMAN	0.50	Officer Director	$0	$0	$0
NATALIE REDMOND	DIRECTORSECRETARY	0.20	Officer 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	$280,631	$368,962	$571,191	$-88,331
2023	$434,225	$376,124	$660,650	$58,101
2022	$498,477	$363,672	$603,921	$134,805
2021	$432,085	$389,174	$464,945	$42,911
2020	$432,976	$526,880	$425,369	$-93,904

THE INSTITUTE FOR INDUSTRIAL & APPLIED LIFE SCIENC