COLUMBUS, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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
MEMBERSHIP FOR BIOSCIENCE COMMUNITY AND EDUCATION/DEVELOPMENTOHIO LIFE SCIENCES FOUNDATION REPRESENTS MEMBERSHIP THROUGH VARIOUS BIOSCIENCE COMMUNITY EVENTS, AND EDUCATION AND TRAINING EVENTS. THEY...
MEMBERSHIP FOR BIOSCIENCE COMMUNITY AND EDUCATION/DEVELOPMENTOHIO LIFE SCIENCES FOUNDATION REPRESENTS MEMBERSHIP THROUGH VARIOUS BIOSCIENCE COMMUNITY EVENTS, AND EDUCATION AND TRAINING EVENTS. THEY INCLUDE: AN ANNUAL CONFERENCE, WHICH BRINGS TOGETHER BIOMEDICAL COMPANY REPRESENTATIVES, ENTREPRENEURS, INVESTORS, SUPPLIERS, SERVICE PROVIDERS AND LOCAL AND STATE GOVERNMENT OFFICIALS FOR EDUCATION AND NETWORKING TO ENHANCE ECONOMIC DEVELOPMENT OPPORTUNITIES; ANNUAL PRESENCE AT INDUSTRY MEETINGS SUCH AS THE BIO CONVENTION (BIOTECH, PHARMA, DIAGNOSTICS, MEDICAL DEVICES AND AG-BIO), THE ADVAMED CONVENTION AND ANNUAL CONFERENCE (MEDICAL DEVICE AND DIAGNOSTICS) WHERE THE LATEST INDUSTRY TOPICS ARE DISCUSSED AND MEETINGS OCCUR WITH INDUSTRY FOR POSSIBLE ECONOMIC DEVELOPMENT OPPORTUNITIES FOR OHIO; REGULATORY FORUM ON CURRENT FDA ISSUES THAT ARE APPROPRIATE FOR THE BIOSCIENCE INDUSTRY; STATEWIDE SUPPLIER EXPO, A CEO UNPLUGGED SERIES; REGIONAL CAREER FAIRS TO MATCH TALENT WITH GROWING OHIO BIOSCIENCE COMPANIES; SPRING/SUMMER NETWORKING SOCIALS IN CLEVELAND, COLUMBUS AND CINCINNATI; AND SEVERAL EDUCATIONAL WEBINARS. THROUGH ITS STATEWIDE MEMBERSHIP, RELATIONS WITH THE EDUCATIONAL AND RESEARCH COMMUNITY, THE STATE OF OHIO GOVERNMENT AND ITS PROFESSIONAL NETWORK, OHIO LIFE SCIENCES FOUNDATION ENCOURAGES AND FOSTERS PARTNERSHIPS BETWEEN COMPANIES, RESEARCH INSTITUTIONS, PROFESSIONAL SERVICE PROVIDERS AND OTHER INTERMEDIARIES TO HELP IMPROVE THE ECONOMIC CLIMATE IN THE STATE OF OHIO AND TO IMPROVE THE PUBLIC HEALTH. MEMBERSHIP:
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare EDISON BIOTECHNOLOGY CENTER INC DBA OHIO LIFE SCIENCES FOUNDATION with other nonprofits in Ohio and across the country.