BIOFORWARD INC

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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

1995

Legal Domicile

Principal Officer

LISA JOHNSON

Phone

6082364693

Tax Period

2024-04-01 to 2025-03-31

BIOFORWARD INC, founded in 1995, is a community nonprofit in the Diseases & Disorders sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE GROWTH OF BIOHEALTH INDUSTRIES IN WISCONSIN THROUGH SERVICES, PROGRAMS, PUBLICATIONS AND CONFERENCES.

Program Service Accomplishments

Program 1

THE WI BIOHEALTH TECH HUB IS AN INITIATIVE OF BIOFORWARD. AS THE LEAD CONSORTIUM MEMBER, BIOFORWARD WAS AWARDED A DEPT OF COMMERCE- EDA TECH HUB DESIGNATION AND PHASE II GRANT TO LEAD THE GOVERNANCE...

Program 2

ANNUAL WISCONSIN BIOHEALTH SUMMIT CONFERENCE. THIS EVENT PROVIDES INFORMATION AND NETWORKING OPPORTUNITIES IN THE AREA OF BIOHEALTH. 1.5 DAY CONFERENCE WITH OVER 700 ATTENDEES.

Program 3

BIENNIAL WI BIOHEALTH ECONOMIC IMPACT REPORT PROVIDING KEY BIOHEALTH INDUSTRIEAL DATA UTILIZED FOR MARKETING AND SUPPORTING DOCUMENTATION PURPOSES

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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 $677,649

Program Service Revenue $1,391,081

Investment Income $40,850

Other Revenue $0

TOTAL REVENUE $2,109,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,141,666

Fundraising Expenses $0

Other Expenses $963,663

TOTAL EXPENSES $2,105,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,109,580	$1,435,103	+0.5%
Expenses	$2,105,329	$1,579,839	+0.3%
Net Income	$4,251	$-144,736	-1.0%

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

Volunteers

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
NICOLAS PARIS	CHAIR	1.00	Officer Director	$0	$0	$0
SARAH DUELLMAN	SECRETARY	0.50	Officer Director	$0	$0	$0
GARRETT PETERSON	TREASURER	0.50	Officer Director	$0	$0	$0
ANJON AUDHYA	DIRECTOR	0.50	Director	$0	$0	$0
DEENA ENSENBERGER	DIRECTOR	0.50	Director	$0	$0	$0
JENNY FONG	DIRECTOR	0.50	Director	$0	$0	$0
PAM GABRIS	DIRECTOR	0.50	Director	$0	$0	$0
DAVID KATZMANN	DIRECTOR	0.50	Director	$0	$0	$0
JUSTIN KRAUSE	DIRECTOR	0.50	Director	$0	$0	$0
ADAM KUJATH	DIRECTOR	0.50	Director	$0	$0	$0
EDWARD LADWIG	DIRECTOR	0.50	Director	$0	$0	$0
MARA LORD	DIRECTOR	0.50	Director	$0	$0	$0
ADAM LYNCH	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS LYNCH	DIRECTOR	0.50	Director	$0	$0	$0
BRAD PIETZ	DIRECTOR	0.50	Director	$0	$0	$0
ERIC RUEDINGER	DIRECTOR	0.50	Director	$0	$0	$0
ANGELA RYAN	DIRECTOR	0.50	Director	$0	$0	$0
ZACHARY TAYLOR	DIRECTOR	0.50	Director	$0	$0	$0
LISA JOHNSON	CEO	40.00	Highest	$262,000	$21,893	$283,893
WENDY HARRIS	REGIONAL INNOVATION OFFICER	40.00	Highest	$241,667	$43,471	$285,138

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
2025	$2,109,580	$2,105,329	$1,860,106	$4,251
2024	$1,435,103	$1,579,839	$1,832,500	$-144,736
2023	$1,476,872	$1,388,354	$1,770,090	$88,518
2022	$1,412,017	$1,148,653	$1,687,714	$263,364
2021	$1,337,559	$987,502	$1,331,546	$350,057
2020	$1,222,832	$1,085,858	$969,826	$136,974
2019	$909,954	$821,743	$758,965	$88,211
2018	$875,370	$766,905	$594,996	$108,465