ILLINOIS BIOTECHNOLOGY INNOVATION ORGANIZATION (EIN 364225980) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

JOHN CONRAD

Phone

3124221111

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS BIOTECHNOLOGY INNOVATION ORGANIZATION, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $701K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $662K left a modest 6% surplus.

Mission

TO MAKE ILLINOIS AND SURROUNDING MIDWEST ONE OF THE WORLD'S TOP LIFE SCIENCE CENTERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $517,000

Investment Income $0

Other Revenue $184,113

TOTAL REVENUE $701,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,298

Fundraising Expenses $0

Other Expenses $329,209

TOTAL EXPENSES $661,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$701,113	$748,592	-0.1%
Expenses	$661,507	$694,762	0.0%
Net Income	$39,606	$53,830	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

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
NORBERT RIEDEL PHD	MEMBER AT LARGE	0.50	Officer 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
TRES JOHNSON	PAST 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
GEOFF CURTIS	DIRECTOR	0.50	Director	$0	$0	$0
ABNER GARCIA-DELGADO	DIRECTOR	0.50	Director	$0	$0	$0
HEIDI GILMORE	DIRECTOR	0.50	Director	$0	$0	$0
JOE HRDLICKA	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
KHALED EL-CHEBLI	NEW DIRECTOR	0.50	Director	$0	$0	$0
GERALD STOVAL	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	$701,113	$661,507	$657,697	$39,606
2023	$748,592	$694,762	$709,315	$53,830
2022	$742,849	$612,673	$540,353	$130,176
2021	$697,102	$594,703	$434,095	$102,399
2020	$673,021	$577,918	$430,066	$95,103
2019	$706,652	$597,060	$297,169	$109,592
2018	$765,604	$739,048	$213,613	$26,556

ILLINOIS BIOTECHNOLOGY INNOVATION ORGANIZATION