IBIO INSTITUTE

EIN: 320092551 501(c)(3) Science & Technology

CHICAGO, IL

Total Revenue
$721,227
Total Expenses
$390,470
Total Assets
$939,285
Net Assets
$587,412
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
IL
Principal Officer
JOHN CONRAD
Phone
3124221111
Tax Period
2023-01-01 to 2023-12-31

IBIO INSTITUTE, founded in 2003, is a small nonprofit in the Science & Technology sector that reported $721K in total revenue in fiscal year 2023. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $331K, a strong 46% operating margin.

Mission

TO CREATE A GLOBALLY RECOGNIZED BIOTECHNOLOGY CENTER IN CHICAGO AND THE SURROUNDING MIDWEST REGION.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $561,012
Program Service Revenue $160,215
Investment Income $0
Other Revenue $0
TOTAL REVENUE $721,227

Expense Breakdown

Grants Paid $0
Salaries & Benefits $154,585
Fundraising Expenses $11,123
Program Expenses $337,640
Other Expenses $235,885
TOTAL EXPENSES $390,470

Year-over-Year Comparison

2023 2022 Change
Revenue $721,227 $304,309 +1.4%
Expenses $390,470 $554,711 -0.3%
Net Income $330,757 $-250,402 -2.3%
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

Sign In

Governance

Voting Members
24
Independent Members
24
Employees
N/A
Volunteers
150

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
$0
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN DUCOMMUN CORPORATE SECRETARY 0.50
Officer Director
$0 $0 $0
BLAIR KOMASINSKI TREASURER 0.50
Officer Director
$0 $0 $0
MAYEBETH HADFIELD PAST MEMBER AT LARGE 0.50
Officer Director
$0 $0 $0
NORBERT RIEDEL PHD MEMBER AT LARGE 0.50
Officer Director
$0 $0 $0
JAMES WHITE PAST MEMBER AT LARGE 0.50
Director
$0 $0 $0
JOHN BATHERY DIRECTOR 0.50
Director
$0 $0 $0
JEFF BERGAU DIRECTOR 0.50
Director
$0 $0 $0
DRUE DUNCAN DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL FLAVIN DIRECTOR 0.50
Director
$0 $0 $0
DAVID FLOWERS DIRECTOR 0.50
Director
$0 $0 $0
PATRICK GATTARI DIRECTOR 0.50
Director
$0 $0 $0
ASHISH KHANNA DIRECTOR 0.50
Director
$0 $0 $0
DAN LYNE DIRECTOR 0.50
Director
$0 $0 $0
NANCY SULLIVAN DIRECTOR 0.50
Director
$0 $0 $0
CHARLIE TOBLER PAST DIRECTOR 0.50
Director
$0 $0 $0
TRES JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
HARRY ROWLAND DIRECTOR 0.50
Director
$0 $0 $0
RAHUL JERATH DIRECTOR 0.50
Director
$0 $0 $0
KENNETH JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
ERIC MESSNER DIRECTOR 0.50
Director
$0 $0 $0
JIM SULLIVAN DIRECTOR 0.50
Director
$0 $0 $0
PHIL TENNANT PAST DIRECTOR 0.50
Director
$0 $0 $0
JOE WHALEN PAST DIRECTOR 0.50
Director
$0 $0 $0
GEOFF CURTIS NEW DIRECTOR 0.50
Director
$0 $0 $0
ABNER GARCIA-DELGADO NEW DIRECTOR 0.50
Director
$0 $0 $0
HEIDI GILMORE NEW DIRECTOR 0.50
Director
$0 $0 $0
JOE HRDLICKA NEW DIRECTOR 0.50
Director
$0 $0 $0
KEVIN JOHNSON NEW DIRECTOR 0.50
Director
$0 $0 $0
MARILYN VETTER VICE CHAIR HUMAN HEALTH 0.50
Officer
$0 $0 $0
JOHN CONRAD PRESIDENT & CEO 20.00
Officer
$0 $0 $0
ANN VOGEL SENIOR VP, EDUCATE 40.00
Officer
$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
2024 No data No data No data No data
2023 $721,227 $390,470 $939,285 $330,757
2022 $304,309 $554,711 $581,603 $-250,402
2021 $573,324 $632,598 $850,482 $-59,274
2020 $1,376,485 $884,701 $1,029,520 $491,784
2019 $319,573 $426,829 $432,926 $-107,256
2018 $514,304 $642,023 $533,293 $-127,719
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare IBIO INSTITUTE with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.