BIOCOM INSTITUTE (EIN 261852884) - 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

2008

Legal Domicile

Principal Officer

FRANCESCO SHEROD

Phone

8588324162

Tax Period

2024-01-01 to 2024-12-31

BIOCOM INSTITUTE, founded in 2008, is a community nonprofit in the Science & Technology sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 12% surplus.

Mission

BIOCOM INSTITUTE IS A 501(C)(3) ORGANIZATION ESTABLISHED IN 2008 BY BIOCOM, THE LARGEST AND MOST EXPERIENCED ADVOCATE FOR CALIFORNIA'S LIFE SCIENCE SECTOR. OUR MISSION IS TO DEVELOP AND PROMOTE A SKILLED AND DIVERSE PIPELINE OF TALENT TO ACCELERATE THE GROWTH OF THE CALIFORNIA'S LIFE SCIENCE ECOSYSTEM. WE COLLABORATE WITH THE LIFE SCIENCE INDUSTRY, GOVERNMENT, NON-PROFITS, THE K-12 AND COMMUNITY COLLEGE SYSTEMS, INSTITUTIONS OF HIGHER EDUCATION, AND OTHER STAKEHOLDERS TO MEET AND ANTICIPATE THE WORKFORCE NEEDS OF THE LIFE SCIENCE COMMUNITY, AND TO PROMOTE THE ADVANCEMENT OF LIFE SCIENCE TALENT THROUGHOUT THE WORLD.

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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 $1,408,384

Program Service Revenue $0

Investment Income $1,422

Other Revenue $0

TOTAL REVENUE $1,409,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $801,166

Fundraising Expenses $0

Program Expenses $1,079,806

Other Expenses $443,947

TOTAL EXPENSES $1,245,113

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,409,806	$815,255	+0.7%
Expenses	$1,245,113	$1,091,933	+0.1%
Net Income	$164,693	$-276,678	-1.6%

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

$1,263,315

Total Directors

$1,263,315

Key Employees

$252,205

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH D PANETTA	PRESIDENT & CEO	1.00	Officer Director	$0	$216,598	$1,263,315
AILEEN GIPSON	DIRECTOR	0.50	Director	$0	$0	$0
DAVID WEBB PHD	DIRECTOR	0.50	Director	$0	$0	$0
STACY SOLORIO	DIRECTOR	0.50	Director	$0	$0	$0
WILLIE ZUNIGA	DIRECTOR	0.50	Director	$0	$0	$0
DEBORAH WAFER	DIRECTOR	0.50	Director	$0	$0	$0
KIT POGLIANO	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE ARTERTON	DIRECTOR	0.50	Director	$0	$0	$0
VICKI BRANNOCK	SENIOR DIRECTOR, WORKFORCE	40.00	Key Emp	$211,422	$40,783	$252,205

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	$1,409,806	$1,245,113	$403,305	$164,693
2023	$815,255	$1,091,933	$284,614	$-276,678
2022	$1,717,341	$1,460,934	$712,895	$256,407
2021	$1,938,912	$1,486,523	$371,676	$452,389
2020	$1,758,659	$1,813,560	$780,351	$-54,901
2019	$1,488,416	$1,426,317	$585,551	$62,099
2018	$1,046,637	$1,279,628	$485,681	$-232,991

BIOCOM INSTITUTE