BIONEXUS KC

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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

2000

Legal Domicile

Principal Officer

DENNIS RIDENOUR

Phone

8167537700

Tax Period

2024-01-01 to 2024-12-31

BIONEXUS KC, founded in 2000, is a community nonprofit in the Science & Technology sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum.

Mission

WE INSPIRE THINKERS FROM DIFFERENT DISCIPLINES TO COMBINE THEIR EFFORTS FOR A COMMON PURPOSE: HEALTHCARE INNOVATION.(CONTINUED ON SCHEDULE O)FROM BIOINFORMATICS TO CANCER RESEARCH AND BEYOND, WE STIMULATE COLLABORATION AND HELP BRING EMERGING TECHNOLOGIES FROM CONCEPT TO REALITY.THE KC REGION IS A GLOBAL LEADER AT THE NEXUS OF HUMAN AND ANIMAL HEALTH BENEFITING ALL OUR CITIZENS AND THE ECONOMY. OUR MISSION IS TO HIGHLIGHT LIFE SCIENCES RESOURCES AND THEIR VALUE TO THE COMMUNITY THROUGH COLLABORATION AND COMMERCIALIZATION. BIONEXUS KC CREATES OPPORTUNITIES AT THE NEXUS OF:-HUMAN AND ANIMAL HEALTH-URBAN AND RURAL HEALTH-ACADEMIA AND INDUSTRY-KANSAS AND MISSOURI

Program Service Accomplishments

Program 1

Expenses: $1,816,429 Revenue: $205,376

2024 WAS AN INCREDIBLY IMPACTFUL YEAR FOR BIONEXUS KC, MARKED BY EXPANDED PROGRAMS AND A CONTINUED COMMITMENT TO DRIVE COLLABORATION AND INNOVATION IN THE REGION. THESE EFFORTS FURTHER SOLIDIFIED...

2024 WAS AN INCREDIBLY IMPACTFUL YEAR FOR BIONEXUS KC, MARKED BY EXPANDED PROGRAMS AND A CONTINUED COMMITMENT TO DRIVE COLLABORATION AND INNOVATION IN THE REGION. THESE EFFORTS FURTHER SOLIDIFIED KANSAS CITY'S POSITION AS A LIFE SCIENCES HUB DRIVEN BY CUTTING-EDGE RESEARCH AND TECHNOLOGY. THROUGH KEY INITIATIVES, STRATEGIC PARTNERSHIPS, AND COMMUNITY ENGAGEMENT, THE ORGANIZATION CONTINUES TO MAKE AN IMPACT ON THE REGIONAL LIFE SCIENCES AND HEALTHCARE ECOSYSTEMS. WITH THE GROWTH OF THE BIONEXUS KC TEAM, THE ORGANIZATION HAS EXPANDED ITS CAPACITY TO LEAD AND SUPPORT INNOVATION. (CONTINUED ON SCHEDULE O)THESE EFFORTS POSITION THE COMMUNITY TO ACCELERATE INNOVATION, ATTRACT TOP TALENT, AND CEMENT THE KC REGION'S REPUTATION AS THE PREMIER DESTINATION FOR LIFE SCIENCES AND DIGITAL HEALTH ADVANCEMENTS.2024 ACCOMPLISHMENTS:1. ADVANCING THE KC REGION'S LIFE SCIENCES ECOSYSTEM: "PATH TO 2025"2. DIGITAL HEALTH KC AND DIGITAL HEALTH DAY3. KC BIOHUB4. WORKFORCE DEVELOPMENT5. RESEARCH AND DEVELOPMENT GRANTS6. SCIECNE 2 ART7. BIONEXUS KC ANNUAL EVENT8. KC ONE HEALTH DAY9. NEXUS INFORMATICS CONFERENCE

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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 $2,047,778

Program Service Revenue $205,376

Investment Income $31,102

Other Revenue $0

TOTAL REVENUE $2,284,256

Expense Breakdown

Grants Paid $103,710

Salaries & Benefits $1,276,801

Fundraising Expenses $41,307

Program Expenses $1,816,429

Other Expenses $1,019,384

TOTAL EXPENSES $2,407,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,284,256	$1,530,912	+0.5%
Expenses	$2,407,918	$1,857,874	+0.3%
Net Income	$-123,662	$-326,962	-0.6%

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

$294,585

Total Directors

$373,585

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS RIDENOUR	PRESIDENT & CEO	40.00	Officer Director	$256,332	$38,253	$294,585
WILLIAM S BERKLEY	CHAIR	1.00	Officer Director	$0	$0	$0
JEFF HARGROVES	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
MARIA STECKLEIN FLYNN	DIR./DIGITAL HEALTH KC CONSULTANT	0.20	Director	$79,000	$0	$79,000
DAVID W FRANTZE	DIRECTOR	0.20	Director	$0	$0	$0
THOMAS M SACK PHD	DIRECTOR	0.20	Director	$0	$0	$0
ANNE D ST PETER	DIRECTOR	0.20	Director	$0	$0	$0
SANDRA STITES	DIRECTOR	0.20	Director	$0	$0	$0
GREG SWEAT	DIRECTOR	0.20	Director	$0	$0	$0
DEBORAH WILKERSON	DIRECTOR	0.20	Director	$0	$0	$0
CHAD GRITTMAN	VICE PRESIDENT	40.00	Highest	$115,378	$24,147	$139,525

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	$2,284,256	$2,407,918	$715,684	$-123,662
2023	$1,530,912	$1,857,874	$799,356	$-326,962
2022	$1,249,426	$1,395,206	$1,124,416	$-145,780
2021	$1,621,548	$1,606,215	$1,271,065	$15,333
2020	$1,037,654	$1,556,455	$1,256,150	$-518,801
2019	$1,685,282	$1,851,146	$1,774,951	$-165,864
2018	$1,806,522	$1,869,386	$1,940,310	$-62,864