BATTELLE MEMORIAL INSTITUTE

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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

1925

Legal Domicile

Principal Officer

LEWIS VON THAER

Phone

6144246424

Tax Period

2023-10-01 to 2024-09-30

BATTELLE MEMORIAL INSTITUTE, founded in 1925, is a large national nonprofit in the Science & Technology sector that reported $13.3B in total revenue in fiscal year 2023.

Mission

BATTELLE MEMORIAL INSTITUTE ("BMI") IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING THE UTILIZATION OF SCIENCE, THE SCIENTIFIC METHOD AND RESEARCH FOR THE BENEFIT AND EDUCATION OF MANKIND.

Program Service Accomplishments

Program 1

Expenses: $8,178,817,950 Revenue: $848,430,645

BATTELLE MEMORIAL INSTITUTE ("BMI") AND ITS AFFILIATES OPERATE SEVEN UNITED STATES DEPARTMENT OF ENERGY ("DOE") NATIONAL LABORATORIES: BROOKHAVEN NATIONAL LABORATORY; IDAHO NATIONAL LABORATORY; LOS ALAMOS NATIONAL LABORATORY; NATIONAL RENEWABLE ENERGY LABORATORY; OAK RIDGE NATIONAL LABORATORY; PACIFIC NORTHWEST NATIONAL LABORATORY AND SAVANNAH RIVER NATIONAL LABORATORY. BMI IS AN INTEGRATED SUBCONTRACTOR AT AN EIGHTH DOE NATIONAL LABORATORY: LAWRENCE LIVERMORE NATIONAL LABORATORY. IN ADDITION, A BMI AFFILIATE HOLDS THE MANAGEMENT CONTRACT WITH RESPECT TO THE UNITED STATES DEPARTMENT OF HOMELAND SECURITY'S NATIONAL BIODEFENSE ANALYSIS AND COUNTERMEASURES CENTER. THROUGH OPERATION OF THE NATIONAL LABORATORIES, BMI AND ITS AFFILIATES ADDRESS CRITICAL ELEMENTS OF THE NATION'S SCIENTIFIC RESEARCH AGENDA, PERFORM BASIC AND APPLIED SCIENTIFIC RESEARCH, CREATE SCIENTIFIC KNOWLEDGE AND TECHNICAL SOLUTIONS IN KEY AREAS OF SCIENCE, INCREASE THE AVAILABILITY OF CLEAN AND ABUNDANT ENERGY, RESTORE AND PROTECT THE ENVIRONMENT, ENGAGE IN EDUCATIONAL ACTIVITIES, AND CONTRIBUTE TO NATIONAL SECURITY.

Program 2

Expenses: $391,964,132 Revenue: $457,235,723

BMI ALSO CONDUCTS SCIENTIFIC RESEARCH AND DEVELOPMENT PROGRAMS FOR OTHER FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES AND INDUSTRIAL SPONSORS, AND TRANSLATES SCIENCE AND TECHNOLOGY INTO PRODUCTS...

BMI ALSO CONDUCTS SCIENTIFIC RESEARCH AND DEVELOPMENT PROGRAMS FOR OTHER FEDERAL, STATE AND LOCAL GOVERNMENT AGENCIES AND INDUSTRIAL SPONSORS, AND TRANSLATES SCIENCE AND TECHNOLOGY INTO PRODUCTS, SYSTEMS AND SERVICES FOR ITS SPONSORS. BMI PLACES SPECIAL EMPHASIS UPON SIGNATURE AREAS OF ENERGY, ENVIRONMENT AND MATERIAL SCIENCES, NATIONAL SECURITY, AND HEALTH AND LIFE SCIENCES.

Program 3

Expenses: $18,533,260

EACH YEAR, BMI DISTRIBUTES AT LEAST TWENTY PERCENT OF ITS PRIOR YEAR CONSOLIDATED NET INCOME BEFORE ADJUSTMENTS FOR UNREALIZED GAINS AND LOSSES TO PUBLIC CHARITIES AND EDUCATIONAL INSTITUTIONS...

EACH YEAR, BMI DISTRIBUTES AT LEAST TWENTY PERCENT OF ITS PRIOR YEAR CONSOLIDATED NET INCOME BEFORE ADJUSTMENTS FOR UNREALIZED GAINS AND LOSSES TO PUBLIC CHARITIES AND EDUCATIONAL INSTITUTIONS. DISTRIBUTIONS ARE PRIMARILY FOCUSED UPON EDUCATION, HUMAN SERVICES, ARTS AND SCIENCES, AND ECONOMIC DEVELOPMENT. BMI ACTIVELY SUPPORTS EDUCATIONAL INITIATIVES IN OHIO, TENNESSEE AND ACROSS THE UNITED STATES THAT PROMOTE STUDENT ACHIEVEMENT, ASSIST WITH PROFESSIONAL DEVELOPMENT FOR TEACHERS, AND PROMOTE INQUIRY-BASED LEARNING, ESPECIALLY IN THE SCIENCE, TECHNOLOGY, ENGINEERING, AND MATHEMATICS (STEM) DISCIPLINES.

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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 $11,812,481,257

Program Service Revenue $1,410,931,090

Investment Income $121,020,885

Other Revenue $4,647,881

TOTAL REVENUE $13,349,081,113

Expense Breakdown

Grants Paid $18,533,260

Salaries & Benefits $7,563,908,982

Fundraising Expenses $0

Program Expenses $8,589,315,342

Other Expenses $5,787,470,609

TOTAL EXPENSES $13,369,912,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,349,081,113	$12,464,254,299	+0.1%
Expenses	$13,369,912,851	$12,362,925,805	+0.1%
Net Income	$-20,831,738	$101,328,494	-1.2%

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

48024

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

$17,019,493

Total Directors

$1,564,441

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN C O'KEEFE	DIRECTOR	3.00	Director	$168,202	$0	$168,202
MICHAEL J GASSER	DIRECTOR TO 11/23	3.00	Director	$161,208	$0	$161,208
JOHN C LECHLEITER	DIRECTOR	3.00	Director	$160,687	$0	$160,687
KIRKLAND H DONALD	CHAIRMAN AND DIRECTOR	3.00	Director	$198,501	$0	$198,501
STEPHANIE O'SULLIVAN	DIRECTOR	3.00	Director	$155,791	$0	$155,791
SUZANNE M VAUTRINOT	DIRECTOR	3.00	Director	$165,698	$0	$165,698
VICKY A BAILEY	DIRECTOR	3.00	Director	$163,246	$0	$163,246
STEPHEN D STEINOUR	DIRECTOR	3.00	Director	$158,202	$0	$158,202
WAYNE FREDERICK	DIRECTOR	3.00	Director	$153,209	$0	$153,209
CALVIN G BUTLER	DIRECTOR FROM 11/23	3.00	Director	$39,130	$0	$39,130
JEFFREY W EDWARDS	DIRECTOR FROM 11/23	3.00	Director	$40,567	$0	$40,567
LEWIS VON THAER	PRESIDENT & CEO	39.00	Officer	$5,569,100	$41,656	$5,610,756
RUSSELL P AUSTIN	SR VP, GEN COUNSEL & SECRETARY	40.00	Officer	$1,236,320	$75,190	$1,311,510
CHRIS BOYNTON	EXECUTIVE VP, CFO FROM 05/23	40.00	Officer	$641,797	$39,772	$681,569
STEVEN F ASHBY	SR VP, LAB DIRECTOR	40.00	Officer	$1,002,318	$87,323	$1,089,641
PATRICK F JARVIS	SR VP, MARKETING & COMMUNICATIONS	40.00	Officer	$795,638	$46,792	$842,430
MATTHEW L VAUGHAN	EXECUTIVE VP, AS&T	40.00	Officer	$2,101,003	$50,356	$2,151,359
MARK T PETERS	EXECUTIVE VP, GLOBAL LAB OPERATIONS	40.00	Officer	$2,109,993	$53,511	$2,163,504
AIMEE KENNEDY	SR VP, CHIEF HR OFFICER	40.00	Officer	$827,898	$47,020	$874,918
THOMAS E SHARPE	ASST TREASURER & ASST SECRETARY	39.00	Officer	$311,502	$56,977	$368,479
BRIAN R SMITH	VP & TREASURER	39.00	Officer	$439,880	$48,774	$488,654
AMY VERTANEN	ASST TREAS. & CONTROLLER	40.00	Officer	$432,764	$31,996	$464,760
JOHN WAGNER	SR VP, LAB DIRECTOR	40.00	Officer	$919,772	$52,141	$971,913
GEORGE LECAKES	SR VP & GENERAL MANAGER	40.00	Highest	$830,722	$34,031	$864,753
JEFFREY SMITH	SR VP LAB OPS	40.00	Highest	$1,010,691	$16,273	$1,026,964
MICHAEL SCHLENDER	DEPUTY LAB DIRECTOR	40.00	Highest	$722,430	$96,275	$818,705
ANTHONY PEURRUNG	DEPUTY LAB DIRECTOR	40.00	Highest	$672,615	$22,183	$694,798
JERRY TOTTLER	SR VP LAB OPS	40.00	Highest	$735,426	$21,486	$756,912
RONALD D TOWNSEND	EXECUTIVE VP, GLB LAB OPS TO 01/21	0.00		$194,991	$0	$194,991
EDWARD GRECCO	EXECUTIVE VP, CFO TO 05/23	40.00		$1,000,389	$34,921	$1,035,310
MARK D PERRIGO	ASST TREAS. & CONTROLLER	40.00		$532,904	$39,554	$572,458
THOMAS E MASON	SENIOR VP 07/17 TO 11/17	40.00		$777,383	$21	$777,404

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	$13,349,081,113	$13,369,912,851	$1,795,308,649	$-20,831,738
2023	$12,464,254,299	$12,362,925,805	$1,611,117,235	$101,328,494
2022	$11,024,946,046	$11,003,881,954	$1,503,032,732	$21,064,092
2021	$10,086,822,364	$9,892,209,409	$1,558,568,214	$194,612,955
2020	$9,245,496,160	$9,164,470,026	$1,336,035,166	$81,026,134
2019	$8,259,952,869	$8,175,602,069	$1,144,517,135	$84,350,800
2018	$5,087,879,187	$5,047,673,413	$1,094,142,717	$40,205,774