SOCIETY FOR INDUSTRIAL MICROBIOLOGY AND BIOTECHNOLOGY

EIN: 356026526 501(c)(3) Science & Technology

FAIRFAX, VA

Total Revenue
$1,988,522
Total Expenses
$1,766,366
Total Assets
$1,388,022
Net Assets
$1,269,334
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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
1960
Legal Domicile
DC
Principal Officer
HALEY COX
Phone
7036913357
Tax Period
2023-01-01 to 2023-12-31

SOCIETY FOR INDUSTRIAL MICROBIOLOGY AND BIOTECHNOLOGY, founded in 1960, is a community nonprofit in the Science & Technology sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 11% surplus.

Mission

SIMB'S PRIMARY PURPOSE IS THE ADVANCEMENT OF MICROBIOLOGICAL SCIENCES AS APPLIED TO INDUSTRIAL MATERIALS AND PROCESSES. IT PROMOTES THE EXCHANGE OF SCIENTIFIC INFORMATION THROUGH ITS MESSAGE AND PUBLICATIONS AND SERVES AS LIAISON AMOUNG THE SPECIALIZED FIELD OF MICROBIOLOGY.

Program Service Accomplishments

Program 1
Expenses: $1,321,265

DURING 2022, THE SIMB MEMBER MAGAZINE, SIMB NEWS, WAS PUBLISHED QUARTERLY, BOTH IN PRINT AND ONLINE. SIMB CONTINUES TO MAINTAIN ITS WEBSITE AT THE HEADQUARTERS.SIMB ALSO PRODUCED THE PEER-REVIEWED...

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DURING 2022, THE SIMB MEMBER MAGAZINE, SIMB NEWS, WAS PUBLISHED QUARTERLY, BOTH IN PRINT AND ONLINE. SIMB CONTINUES TO MAINTAIN ITS WEBSITE AT THE HEADQUARTERS.SIMB ALSO PRODUCED THE PEER-REVIEWED JOURNAL OF INDUSTRIAL MICROBIOLOGY AND BIOTECHNOLOGY VIA OXFORD UNIVERSITY PRESS, WHICH IS PROVIDED TO ALL SIMB MEMBERS AS WELL AS OTHER ORGANIZATIONS.SIMB HELD ITS ANNUAL MEETING AND HELD TWO SPECIAL CONFERENCES: THE 44TH Annual SYMPOSIUM ON BIOMATERIALS, FUELS AND CHEMICALS (SBFC) AND THE 14TH RECENT ADVANCES IN FERMENTATION TECHNOLOGY(RAFT)CONFERENCE.THE SIMB HEADQUARTERS PROVIDED SUPPORT AND INFORMATION SERVICES TO ITS MEMBERSHIP THROUGHOUT THE YEAR.

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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 $149,722
Program Service Revenue $1,818,493
Investment Income $8,250
Other Revenue $12,057
TOTAL REVENUE $1,988,522

Expense Breakdown

Grants Paid $0
Salaries & Benefits $508,562
Fundraising Expenses $0
Program Expenses $1,321,265
Other Expenses $1,257,804
TOTAL EXPENSES $1,766,366

Year-over-Year Comparison

2023 2022 Change
Revenue $1,988,522 $1,318,054 +0.5%
Expenses $1,766,366 $1,421,345 +0.2%
Net Income $222,156 $-103,291 -3.2%
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

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Governance

Voting Members
12
Independent Members
12
Employees
6
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
4
$0
Total Directors
13
$107,100
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HALEY COX Executive Dir. 40.00
Director
$107,100 $0 $107,100
NOEL FONG Director 20.00
Director
$0 $0 $0
NIGEL MOUNCEY PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
ELISABETH ELDER Secretary 8.00
Officer Director
$0 $0 $0
LAURA JARBOE Director 7.00
Director
$0 $0 $0
KATY KAO Treasurer 5.00
Officer Director
$0 $0 $0
ROB DONOFRIO Director 5.00
Director
$0 $0 $0
BEN SHEN Director 4.00
Director
$0 $0 $0
RAMON GONZALEZ PRESIDENT-ELECT 1.00
Director
$0 $0 $0
MICHAEL RESCH President 5.00
Officer Director
$0 $0 $0
ADAM GUSS Director 4.00
Director
$0 $0 $0
BRIAN PFLEGER Director 4.00
Director
$0 $0 $0
JENNIFER HEADMAN Director 6.00
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 $1,988,522 $1,766,366 $1,388,022 $222,156
2022 $1,318,054 $1,421,345 $1,136,832 $-103,291
2021 $630,998 $764,016 $1,235,583 $-133,018
2020 $767,567 $709,308 $1,304,314 $58,259
2019 $1,352,040 $1,344,866 $1,416,241 $7,174
2018 $1,297,191 $1,451,693 $1,087,940 $-154,502
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