MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC

EIN: 222693047

CAMBRIDGE, MA

Total Revenue
$18,520,598
Total Expenses
$17,553,360
Total Assets
$29,829,163
Net Assets
$18,601,414
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MA
Principal Officer
KENDALLE BURLIN O'CONNELL
Phone
6176745100
Tax Period
2023-01-01 to 2023-12-31

MASSACHUSETTS BIOTECHNOLOGY COUNCIL INC, founded in 1985, is a mid-sized nonprofit that reported $18.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $17.6M left a modest 5% surplus.

Mission

MASSBIO IS COMMITTED TO ADVANCING MASSACHUSETTS' LEADERSHIP IN THE LIFE SCIENCES TO GROW THE INDUSTRY, ADD VALUE TO THE HEALTH CARE SYSTEM AND IMPROVE PATIENT LIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,736,593
Program Service Revenue $11,136,990
Investment Income $647,015
Other Revenue $0
TOTAL REVENUE $18,520,598

Expense Breakdown

Grants Paid $579,033
Salaries & Benefits $7,229,307
Fundraising Expenses $0
Other Expenses $9,745,020
TOTAL EXPENSES $17,553,360

Year-over-Year Comparison

2023 2022 Change
Revenue $18,520,598 $16,916,817 +0.1%
Expenses $17,553,360 $15,878,078 +0.1%
Net Income $967,238 $1,038,739 -0.1%
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

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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
43
Independent Members
42
Employees
50
Volunteers
42

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
7
$1,380,701
Total Directors
43
$744,644
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENDALLE LEE BURLIN O'CONNELL PRESIDENT & CEO 40.00
Officer Director
$720,968 $23,676 $744,644
PAM RANDHAWA CHAIR 0.50
Officer Director
$0 $0 $0
MIKE O'HARA TREASURER 0.50
Officer Director
$0 $0 $0
TAMAR THOMPSON VICE CHAIR 0.50
Officer Director
$0 $0 $0
JEFFREY ELTON CLERK 0.50
Officer Director
$0 $0 $0
LAWRENCE WITTENBERG COUNSEL 0.50
Director
$0 $0 $0
DAVID LUCCHINO PAST CHAIR 0.25
Director
$0 $0 $0
CHERYL BLANCHARD DIRECTOR 0.25
Director
$0 $0 $0
MELISSA BRADFORD-KLUG DIRECTOR 0.25
Director
$0 $0 $0
LAUREN CELANO DIRECTOR 0.25
Director
$0 $0 $0
CHIP CLARK DIRECTOR 0.25
Director
$0 $0 $0
JASON COLE DIRECTOR 0.25
Director
$0 $0 $0
ROBERT COUGHLIN DIRECTOR 0.25
Director
$0 $0 $0
JOHN DUNLOP DIRECTOR 0.25
Director
$0 $0 $0
ALAN EISENBERG DIRECTOR 0.25
Director
$0 $0 $0
EILEEN ELLIOTT DIRECTOR 0.25
Director
$0 $0 $0
BARBARA FOX DIRECTOR 0.25
Director
$0 $0 $0
CHRIS GARABEDIAN DIRECTOR 0.25
Director
$0 $0 $0
GARY GILLHEENEY DIRECTOR 0.25
Director
$0 $0 $0
ROBERT GOTTLIEB DIRECTOR 0.25
Director
$0 $0 $0
LUBA GREENWOOD DIRECTOR 0.25
Director
$0 $0 $0
SUE HAGER DIRECTOR 0.25
Director
$0 $0 $0
MARTIN HEIDECKER DIRECTOR 0.25
Director
$0 $0 $0
DENNIS HUANG DIRECTOR 0.25
Director
$0 $0 $0
ED KAYE DIRECTOR 0.25
Director
$0 $0 $0
CHRIS LEIBMAN DIRECTOR 0.25
Director
$0 $0 $0
LIZABETH LEVEILLE DIRECTOR 0.25
Director
$0 $0 $0
LIZ LEWIS DIRECTOR 0.25
Director
$0 $0 $0
MICHAEL LUTHER DIRECTOR 0.25
Director
$0 $0 $0
STACIA REIDY MACNAUGHT DIRECTOR 0.25
Director
$0 $0 $0
BILL MCDERMOTT DIRECTOR 0.25
Director
$0 $0 $0
DAVID MEEKER DIRECTOR 0.25
Director
$0 $0 $0
CHRISTOPHER MURPHY DIRECTOR 0.25
Director
$0 $0 $0
GILMORE O'NEILL DIRECTOR 0.25
Director
$0 $0 $0
CINDY PERETTIE DIRECTOR 0.25
Director
$0 $0 $0
MICHAL PREMINGER DIRECTOR 0.25
Director
$0 $0 $0
CHANDRA RAMANATHAN DIRECTOR 0.25
Director
$0 $0 $0
ERIC RASMUSSEN DIRECTOR 0.25
Director
$0 $0 $0
CHRIS ROUND DIRECTOR 0.25
Director
$0 $0 $0
MICHAEL SHAFER DIRECTOR 0.25
Director
$0 $0 $0
BILL SIBOLD DIRECTOR 0.25
Director
$0 $0 $0
REHAN VERJEE DIRECTOR 0.25
Director
$0 $0 $0
JENNIFER WIPF DIRECTOR 0.25
Director
$0 $0 $0
JASON M CORDEIRO VP OPS.(TIL 11/23)/COIO(AS OF 12/23) 40.00
Officer
$342,223 $32,020 $374,243
KEVIN KELLY VP FIN.(TIL 11/23)/CFO(AS OF 12/23) 40.00
Officer
$244,899 $16,915 $261,814
ZACHARY A STANLEY EXECUTIVE DIRECTOR BIOVERSITY 40.00
Highest
$305,094 $29,486 $334,580
BENJAMIN M BRADFORD VP MEM(TIL11/23)/HEAD EXT.AFF(AS OF12/23) 40.00
Highest
$276,223 $35,231 $311,454
EDWARD COPPINGER HEAD OF GOVERNMENT AFFAIRS 40.00
Highest
$286,376 $33,794 $320,170
MATTHEW KOONS VP OF MERMBERSHIP 40.00
Highest
$220,930 $19,304 $240,234
RITA MCATEER VP OF MARKETING 40.00
Highest
$190,437 $39,284 $229,721
JOSEPH BONCORE FORMER CEO 40.00
$434,893 $4,673 $439,566
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 $18,520,598 $17,553,360 $29,829,163 $967,238
2022 $16,916,817 $15,878,078 $31,306,037 $1,038,739
2021 $14,815,378 $11,052,367 $19,701,937 $3,763,011
2020 $12,486,190 $10,070,293 $15,841,955 $2,415,897
2019 $11,604,426 $10,683,430 $16,265,468 $920,996
2018 $10,531,492 $10,070,131 $11,726,238 $461,361
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