EDISON BIOTECHNOLOGY CENTER INC DBA OHIO LIFE SCIENCES FOUNDATION

EIN: 341577705 501(c)(3) Health Care

COLUMBUS, OH

Total Revenue
$452,441
Total Expenses
$851,963
Total Assets
$546,339
Net Assets
$63,185
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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
1987
Legal Domicile
OH
Principal Officer
EDDIE PAULINE
Phone
6146753686
Tax Period
2023-01-01 to 2023-12-31

EDISON BIOTECHNOLOGY CENTER INC DBA OHIO LIFE SCIENCES FOUNDATION, founded in 1987, is a small nonprofit in the Health Care sector that reported $452K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $852K exceeded revenue, resulting in a 88% operating deficit.

Mission

THE MISSION OF OHIO LIFE SCIENCES FOUNDATION IS TO ACCELERATE BIOSCIENCE DISCOVERY, INNOVATION AND COMMERCIALIZATION OF GLOBAL VALUE, DRIVING ECONOMIC GROWTH, COMPANY ATTRACTION, IMPROVING WORKFORCE TRAINING AND IMPROVED QUALITY OF LIFE IN OHIO

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $452,090
Program Service Revenue $0
Investment Income $0
Other Revenue $351
TOTAL REVENUE $452,441

Expense Breakdown

Grants Paid $0
Salaries & Benefits $592,534
Fundraising Expenses $0
Program Expenses $770,230
Other Expenses $259,429
TOTAL EXPENSES $851,963

Year-over-Year Comparison

2023 2022 Change
Revenue $452,441 $649,833 -0.3%
Expenses $851,963 $1,141,400 -0.3%
Net Income $-399,522 $-491,567 -0.2%
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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Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
10

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
5
$340,907
Total Directors
11
$340,907
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDDIE PAULINE PRESIDENT & CEO 60.00
Officer Director
$338,481 $2,426 $340,907
STACY STRAUSS BOARD CHAIR 2.00
Officer Director
$0 $0 $0
ELI PHILLIPS JR VICE CHAIR 1.00
Officer Director
$0 $0 $0
LINDA MARTENS SECRETARY 1.00
Officer Director
$0 $0 $0
STEPHANIE HARRINGTON TREASURER 1.00
Officer Director
$0 $0 $0
MIKE TRIPLETT EX-OFFICIO TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL GAUL TRUSTEE 1.00
Director
$0 $0 $0
MIKE HOOVEN TRUSTEE 1.00
Director
$0 $0 $0
MICHELLE LEONARD TRUSTEE 1.00
Director
$0 $0 $0
DAVID SYLVAN TRUSTEE 1.00
Director
$0 $0 $0
JOHN P PIGOTT MD THROUGH 082023 TRUSTEE 1.00
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
2024 No data No data No data No data
2023 $452,441 $851,963 $546,339 $-399,522
2022 $649,833 $1,141,400 $597,397 $-491,567
2021 $846,309 $677,456 $1,109,359 $168,853
2020 $721,446 $650,305 $915,885 $71,141
2019 $789,946 $767,776 $777,115 $22,170
2018 $723,384 $750,349 $733,169 $-26,965
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