MICHIGAN BIOTECHNOLOGY INSTITUTE

EIN: 382418381 501(c)(3) Education

EAST LANSING, MI

Total Revenue
$2,936
Total Expenses
$94,778
Total Assets
$626,700
Net Assets
$626,293
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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
1981
Legal Domicile
MI
Principal Officer
DAVID WASHBURN
Phone
5173539268
Tax Period
2022-07-01 to 2023-06-30

MICHIGAN BIOTECHNOLOGY INSTITUTE, founded in 1981, is a micro nonprofit in the Education sector that reported $3K in total revenue in fiscal year 2022. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 3128% operating deficit.

Mission

BRIDGING THE GAP BETWEEN EARLY-STAGE INNOVATION AND COMMERCIAL APPLICATION PARTNERING TO DE-RISK, DEVELOP AND SCALE-UP DISCOVERIES INTO COMMERCIALLY-VIABLE TECHNOLOGY PACKAGES.

Program Service Accomplishments

Program 1
Expenses: $94,103 Revenue: $0

RESEARCH AND DEVELOPMENT - PRIVATE, NOT-FOR-PROFIT TECHNOLOGY DEVELOPMENT AND COMMERCIALIZATION CORPORATION ORGANIZED TO MEET AGRICULTURAL, INDUSTRIAL, AND ENVIRONMENTAL MARKET NEEDS BY DEVELOPING...

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RESEARCH AND DEVELOPMENT - PRIVATE, NOT-FOR-PROFIT TECHNOLOGY DEVELOPMENT AND COMMERCIALIZATION CORPORATION ORGANIZED TO MEET AGRICULTURAL, INDUSTRIAL, AND ENVIRONMENTAL MARKET NEEDS BY DEVELOPING AND SCALING UP COMMERCIALLY PROMISING TECHNOLOGIES. MBI'S MISSION IS TO CREATE MEANINGFUL SOCIETAL BENEFITS BY COLLABORATING WITH UNIVERSITIES, GOVERNMENTS, FOUNDATIONS AND COMPANIES TO ACCELERATE THE COMMERCIALIZATION OF BIOBASED TECHNOLOGIES. MBI PROVIDES BUSINESS AND TECHNICAL EXPERTISE TO DEVELOP AND DERISK EARLY-STAGE BIOBASED TECHNOLOGIES, ULTIMATELY DEMONSTRATING TECHNO-ECONOMIC VIABILITY AT PILOT SCALE AND PREPARING THE TECHNOLOGIES FOR TRANSITION TO COMMERCIAL PARTNERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-40,385
Other Revenue $43,321
TOTAL REVENUE $2,936

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $94,103
Other Expenses $94,778
TOTAL EXPENSES $94,778

Year-over-Year Comparison

2022 2021 Change
Revenue $2,936 $47,911 -0.9%
Expenses $94,778 $99,126 0.0%
Net Income $-91,842 $-51,215 +0.8%
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
2
Independent Members
N/A
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
3
$643,252
Total Directors
3
$643,252
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID WASHBURN PRESIDENT & CHAIR 1.00
Officer Director
$0 $58,630 $448,827
REBEKAH SKRZYNIARZ DIR. OF FINANCE & TREASURER 1.00
Officer Director
$0 $34,969 $194,425
ALLEN JULIAN SECRETARY 1.00
Officer 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 $2,936 $94,778 $626,700 $-91,842
2022 $47,911 $99,126 $718,619 $-51,215
2021 $17,281 $105,843 $770,303 $-88,562
2020 $253,225 $467,306 $861,027 $-214,081
2019 $814,106 $910,190 $1,224,594 $-96,084
2018 $696,635 $1,096,433 $1,742,415 $-399,798
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