AUSTEN BIOINNOVATION INSTITUTE IN AKRON

EIN: 383793003 501(c)(3)

AKRON, OH

Total Revenue
$-8,075,738
Total Expenses
$28,074
Total Assets
N/A
Net Assets
N/A
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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
2008
Legal Domicile
OH
Principal Officer
WILLIAM H CONSIDINE
Phone
3305727544
Tax Period
2020-01-01 to 2020-12-31

AUSTEN BIOINNOVATION INSTITUTE IN AKRON, founded in 2008, is a micro nonprofit that reported $8.1M in total revenue in fiscal year 2020. Revenue fell 217% from the prior year — a significant decline worth monitoring.

Mission

PATIENT CENTERED INNOVATION AND COMMERCIALIZATION IN THE PUBLIC INTERESTS

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-8,075,738
Other Revenue $0
TOTAL REVENUE $-8,075,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $28,074
TOTAL EXPENSES $28,074

Year-over-Year Comparison

2020 2019 Change
Revenue $-8,075,738 $6,916,677 -2.2%
Expenses $28,074 $1,420,559 -1.0%
Net Income $-8,103,812 $5,496,118 -2.5%
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
1
Independent Members
1
Employees
N/A
Volunteers
1

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONSIDINE WILLIAM CHAIRMAN 2.00
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
2020 $-8,075,738 $28,074 No data $-8,103,812
2019 $6,916,677 $1,420,559 $8,113,077 $5,496,118
2018 $2,253,389 $2,994,600 $9,617,993 $-741,211
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