BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC

EIN: 205349674 Community Improvement

LAWRENCE, KS

Total Revenue
$4,943,527
Total Expenses
$5,260,690
Total Assets
$46,536,366
Net Assets
$20,161,424
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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
2006
Legal Domicile
KS
Principal Officer
ADAM COURTNEY
Phone
7858322110
Tax Period
2024-01-01 to 2024-12-31

BIOSCIENCE & TECHNOLOGY BUSINESS CENTER INC, founded in 2006, is a community nonprofit in the Community Improvement sector that reported $4.9M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Net assets of $20.2M represent 49 months of operating reserves.

Mission

THE ORGANIZATION'S MISSION IS TO CREATE, RECRUIT, GROW AND RETAIN TECHNOLOGY AND BIOSCIENCE BUSINESSES IN NORTHEAST KANSAS WITH THE ULTIMATE VISION TO BUILD A MORE MODERN, RESILIENT AND DIVERSE REGIONAL ECONOMY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,383,446
Program Service Revenue $3,408,991
Investment Income $116,277
Other Revenue $34,813
TOTAL REVENUE $4,943,527

Expense Breakdown

Grants Paid $0
Salaries & Benefits $862,905
Fundraising Expenses $0
Other Expenses $4,397,785
TOTAL EXPENSES $5,260,690

Year-over-Year Comparison

2024 2023 Change
Revenue $4,943,527 $6,583,194 -0.2%
Expenses $5,260,690 $4,957,306 +0.1%
Net Income $-317,163 $1,625,888 -1.2%
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
12
Independent Members
11
Employees
18
Volunteers
11

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
$318,579
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM COURTNEY VP FINANCE 40.00
Officer
$294,162 $24,417 $318,579
KATE CHINN BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE DEVER BOARD MEMBER 1.00
Director
$0 $0 $0
DOUGLAS GIROD BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN WILLEY BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELE HAMMANN TREASURER 2.00
Officer Director
$0 $0 $0
DEREK KWAN SECRETARY 2.00
Officer Director
$0 $0 $0
MARK SHIFLETT CO- FOUNDER 1.00
Director
$0 $0 $0
STEVEN W STITES EX. VICE PRE 1.00
Director
$0 $0 $0
BONNIE LOWE PRESIDENT 2.00
Officer Director
$0 $0 $0
CRAIG OWENS BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH PLINSKY BOARD MEMBER 1.00
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 $4,943,527 $5,260,690 $46,536,366 $-317,163
2023 $6,583,194 $4,957,306 $45,142,722 $1,625,888
2022 $13,851,598 $4,239,161 $44,485,182 $9,612,437
2021 $4,805,721 $2,815,980 $30,111,538 $1,989,741
2020 $2,475,086 $2,945,082 $19,955,653 $-469,996
2019 $2,701,344 $3,080,640 $18,288,569 $-379,296
2018 $2,590,770 $2,963,276 $18,599,012 $-372,506
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