OREGON TRANSLATIONAL RESEARCH AND … - 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

2007

Legal Domicile

Principal Officer

HEATHER ELLIS

Phone

5032271814

Tax Period

2023-01-01 to 2023-12-31

OREGON TRANSLATIONAL RESEARCH AND DEVELOPMENT INSTITUTE, founded in 2007, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

OTRADI IS A NON-PROFIT RESEARCH AND DEVELOPMENT ORGANIZATION, SUPPORTED IN PART BY THE STATE OF OREGON, THAT STRIVES TO PROMOTE BIOSCIENCE INDUSTRY GROWTH AND JOB CREATION IN OREGON. OTRADI ACHIEVES THIS GOAL VIA COLLABORATION WITH PRIVATE AND PUBLIC SECTOR ENTITIES IN THE BIOSCIENCE COMMUNITY TO DISCOVER, DEVELOP, AND COMMERCIALIZE THERAPEUTICS, VACCINES, DIAGNOSTICS AND OTHER LIFE SCIENCES PRODUCTS IMPORTANT FOR HUMAN HEALTH.

Program Service Accomplishments

Program 1

Expenses: $1,393,866 Revenue: $711,970

PROVIDE THE EXPERTISE AND EQUIPMENT REQUIRED TO SUPPORT THE DEVELOPMENT OF THERAPEUTICS AND TECHNOLOGIES ARISING FROM INFECTIOUS DISEASE AND OTHER RESEARCH. PROMOTE BIOSCIENCE SECTOR GROWTH THROUGH COLLABORATION WITH GOVERNMENT, UNIVERSITY, AND PRIVATE ECONOMIC DEVELOPMENT PARTNERS. PROVIDE MENTORING AND INTERNSHIP OPPORTUNITIES FOR STUDENTS, POSTGRADUATES AND OTHER AFFILIATES.

Program 2

Expenses: $10,682 Revenue: $15,388

THE OTRADI BIOSCIENCE INCUBATOR IS OREGON'S FIRST BIOSCIENCE SPECIFIC ACCELERATOR. IT PROVIDES SCIENTISTS AND YOUNG COMPANIES WITH THE RESOURCES AND EXPERTISE NEEDED TO TAKE THEIR RESEARCH FROM THE...

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,019,796

Program Service Revenue $727,358

Investment Income $80,406

Other Revenue $0

TOTAL REVENUE $1,827,560

Expense Breakdown

Grants Paid $22,053

Salaries & Benefits $618,312

Fundraising Expenses $0

Program Expenses $1,404,548

Other Expenses $1,398,177

TOTAL EXPENSES $2,038,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,827,560	$2,222,628	-0.2%
Expenses	$2,038,542	$2,017,841	+0.0%
Net Income	$-210,982	$204,787	-2.0%

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

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

$185,491

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER ELLIS	EXECUTIVE DI	40.00	Officer	$172,192	$13,299	$185,491
RENE MILLER	ASSOCIATE DI	40.00	Highest	$102,952	$29,738	$132,690
ADITI MARTIN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SANDRA SHOTWELL	TREASURER	1.00	Officer Director	$0	$0	$0
JOE JANDA	PAST BOARD C	1.00	Officer Director	$0	$0	$0
CARL ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
LIISA BOZINOVIC	DIRECTOR	1.00	Director	$0	$0	$0
RAMSEY COX	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FORMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER FOX	DIRECTOR	1.00	Director	$0	$0	$0
ZACH JONASSON	DIRECTOR	1.00	Director	$0	$0	$0
DENISE MCCARTY	DIRECTOR	1.00	Director	$0	$0	$0
SEAN MCCLAIN	DIRECTOR	1.00	Director	$0	$0	$0
KARL MUNDORFF	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA OBORNE	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH WILSON	DIRECTOR	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	No data	No data	No data	No data
2023	$1,827,560	$2,038,542	$16,165,340	$-210,982
2022	$2,222,628	$2,017,841	$16,344,117	$204,787
2021	$2,041,535	$1,724,569	$6,242,383	$316,966
2020	$1,824,854	$1,524,119	$4,158,559	$300,735
2019	$1,920,057	$1,609,790	$5,064,218	$310,267
2018	$1,804,620	$1,589,775	$3,655,411	$214,845

OREGON TRANSLATIONAL RESEARCH AND DEVELOPMENT INSTITUTE