PASADENA BIO COLLABORATIVE INCUBATOR (EIN 300150121) - 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

2002

Legal Domicile

Principal Officer

JANICE OHTA

Phone

6265078487

Tax Period

2024-07-01 to 2025-06-30

PASADENA BIO COLLABORATIVE INCUBATOR, founded in 2002, is a small nonprofit in the Science & Technology sector that reported $712K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $811K exceeded revenue, resulting in a 14% operating deficit.

Mission

PASADENA BIO COLLABORATIVE INCUBATOR IS A NONPROFIT ORGANIZATION FOCUSED ON ECONOMIC DEVELOPMENT AND JOB CREATION IN SOUTHERN CALIFORNIA. WE ENCOURAGE THE GROWTH OF AN INNOVATIVE BIOTECHNOLOGY INDUSTRY BY PROVIDING EDUCATIONAL/TRAINING OPPORTUNITIES FOR POTENTIAL FUTURE EMPLOYEES AND COST EFFECTIVE INCUBATOR FACILITIES WITH SHARED EQUIPMENT/OFFICE SPACE FOR START-UP COMPANIES.

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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 $1,353

Program Service Revenue $693,583

Investment Income $16,702

Other Revenue $0

TOTAL REVENUE $711,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,966

Fundraising Expenses $0

Program Expenses $779,374

Other Expenses $730,291

TOTAL EXPENSES $811,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$711,638	$826,887	-0.1%
Expenses	$811,257	$833,395	0.0%
Net Income	$-99,619	$-6,508	+14.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACOB BERLIN	Director	0.25	Director	$0	$0	$0
ERIKA ENDRIJONAS	Director	0.25	Director	$0	$0	$0
ROBERT BISHOP	Director	2.00	Director	$0	$0	$0
JANICE OHTA	Treasurer/Secre	2.00	Officer Director	$0	$0	$0
ALISON BASKI	Director	0.25	Director	$0	$0	$0
MARIE CSETE	Director	1.00	Director	$0	$0	$0
ERIC DUYSHART	Chairman	10.00	Officer Director	$0	$0	$0
JOSE GOMEZ	Director	0.25	Director	$0	$0	$0
DAVID KLUG	Director	0.25	Director	$0	$0	$0
MARK DIXON	Director	0.25	Director	$0	$0	$0
SHELDON SCHUSTER	Director	0.25	Director	$0	$0	$0
CRAIG CHRISNEY	Director	0.25	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
2025	$711,638	$811,257	$1,144,634	$-99,619
2024	$826,887	$833,395	$1,224,797	$-6,508
2023	$875,426	$769,518	$1,264,161	$105,908
2022	$982,020	$778,585	$1,191,292	$203,435
2021	$1,042,044	$901,641	$1,004,776	$140,403
2020	$864,526	$777,105	$851,486	$87,421
2019	$857,536	$834,265	$802,545	$23,271
2018	$689,233	$733,972	$728,292	$-44,739

PASADENA BIO COLLABORATIVE INCUBATOR