Boilermaker Health Innovations Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Phone

7655881061

Tax Period

2024-07-01 to 2025-06-30

Boilermaker Health Innovations Inc, founded in 2007, is a small nonprofit in the Diseases & Disorders sector that reported $672K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $664K, a strong 99% operating margin.

Mission

TO SUPPORT AND OPERATE FOR THE EXCLUSIVE BENEFIT OF PURDUE RESEARCH FOUNDATION AND PURDUE UNIVERSITY TO IMPROVE HUMAN HEALTH AND WELL-BEING BY EXPEDITING THE TRANSLATION OF INTELLECTUAL PROPERTY INTO MEDICAL PRODUCTS FOR PUBLIC BENEFIT.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE PRIMARY PURPOSE OF BOILERMAKER HEALTH INNOVATIONS, INC. (BHI) IS TO EXPEDITE THE TRANSLATION OF INTELLECTUAL PROPERTY OF THE PURDUE RESEARCH FOUNDATION INTO COMMERCIAL MEDICAL PRODUCTS FOR...

THE PRIMARY PURPOSE OF BOILERMAKER HEALTH INNOVATIONS, INC. (BHI) IS TO EXPEDITE THE TRANSLATION OF INTELLECTUAL PROPERTY OF THE PURDUE RESEARCH FOUNDATION INTO COMMERCIAL MEDICAL PRODUCTS FOR BENEFIT OF MANKIND. THE ORGANIZATION IS INTENDED TO FACILITATE AND SERVE AS A BRIDGE BETWEEN PURDUE UNIVERSITY, PURDUE RESEARCH FOUNDATION AND INDUSTRY IN THE DEVELOPMENT AND REFINEMENT OF CONCEPTS, IDEAS, INVENTIONS AND DISCOVERIES ORIGINATING, IN WHOLE OR IN PART, WITHIN PURDUE, SO AS TO CREATE NEW MEDICAL DEVICES, MEDICAL APPARATUSES, PHARMACEUTICALS AND TREATMENTS WITH THE ULTIMATE GOAL OF IMPROVING HUMAN HEALTH AND WELL-BEING FOR THE PUBLIC BENEFIT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $608,796

Program Service Revenue $0

Investment Income $62,914

Other Revenue $0

TOTAL REVENUE $671,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $8,184

TOTAL EXPENSES $8,184

Year-over-Year Comparison

	2024	2023	Change
Revenue	$671,710	$766,499	-0.1%
Expenses	$8,184	$8,124	+0.0%
Net Income	$663,526	$758,375	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

$1,723,782

Total Directors

$2,023,782

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Mesecar	Executive Director	1.0	Officer Director	$0	$60,807	$473,351
Brian Edelman	Secretary	1.0	Officer Director	$0	$48,277	$428,646
Philip Low	Vice-Chair	1.0	Officer Director	$0	$50,900	$403,123
Timothy Ratliff	Treasurer	1.0	Officer Director	$0	$50,958	$418,662
Thomas Verhoeven	Director	1.0	Director	$0	$0	$300,000

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
2025	$671,710	$8,184	$3,039,143	$663,526
2024	$766,499	$8,124	$2,375,660	$758,375
2023	$872,784	$8,433	$1,886,862	$864,351
2022	$142,641	$9,004	$1,023,120	$133,637
2021	$177,114	$7,006	$890,818	$170,108
2020	$269,197	$30,828	$725,027	$238,369
2019	$72,241	$4,950	$480,767	$67,291
2018	$21,836	$4,854	$413,454	$16,982