HUDSON-ALPHA INSTITUTE FOR BIOTECHNOLOGY (EIN 432059317) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

RICHARD MYERS

Phone

2563270400

Tax Period

2023-01-01 to 2023-12-31

HUDSON-ALPHA INSTITUTE FOR BIOTECHNOLOGY, founded in 2004, is a mid-sized nonprofit in the Science & Technology sector that reported $80.7M in total revenue in fiscal year 2018. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $71.7M left a modest 11% surplus.

Mission

THE PRIMARY MISSION OF THE INSTITUTE WILL BE TO USE THE INCREASINGLY POWERFUL RESEARCH TOOLS BEING DEVELOPED IN THE BIOTECHNOLOGY AREA TO BETTER UNDERSTAND THE CAUSES OF CERTAIN DISEASES AND TO APPLY THE FINDINGS OF SUCH RESEARCH TO HELP DEVELOP NEW AND MORE EFFECTIVE TREATMENTS FOR SUCH DISEASES. THE INSTITUTE'S CHARITABLE MISSION CONTEMPLATES NUMEROUS OTHER ACTIVITIES ALL OF WHICH ARE INTENDED TO HELP FURTHER BIOTECH RESEARCH IN ALABAMA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $53,238,765

Program Service Revenue $1,949,775

Investment Income $870,289

Other Revenue $5,615,233

TOTAL REVENUE $61,674,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,105,098

Fundraising Expenses $909,399

Program Expenses $43,839,119

Other Expenses $48,198,626

TOTAL EXPENSES $60,303,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,674,062	$53,847,313	+0.1%
Expenses	$60,303,724	$53,817,844	+0.1%
Net Income	$1,370,338	$29,469	+45.5%

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

Governance

Voting Members

Independent Members

Employees

261

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

$1,949,264

Total Directors

Key Employees

$4,662,658

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD MYERS	CHIEF SCIENT	40.00	Officer	$652,625	$29,600	$682,225
NEIL LAMB	PRESIDENT	40.00	Officer	$390,000	$29,600	$419,600
JEREMY SCHMUTZ	PRINCIPAL IN	40.00	Key Emp	$314,972	$29,600	$344,572
CARTER WELLS	VP ECON DEVE	40.00	Officer	$320,541	$12,200	$332,741
JANE GRIMWOOD	PRINCIPAL IN	40.00	Key Emp	$290,487	$27,727	$318,214
GREGORY BARSH	PRINCIPAL IN	40.00	Key Emp	$263,101	$29,600	$292,701
DANNY WINDHAM	COO	40.00	Officer	$266,997	$11,083	$278,080
GREGORY COOPER	PRINCIPAL IN	40.00	Key Emp	$228,423	$21,390	$249,813
GHUNWA NAKOUZI	CLINICAL LAB	40.00	Key Emp	$231,000	$9,002	$240,002
PETER YANUL	CFO	40.00	Officer	$227,617	$9,001	$236,618
SARA COOPER	PRINCIPAL IN	40.00	Key Emp	$212,804	$20,541	$233,345
KELLY M EAST	VP EDUCATION	40.00	Key Emp	$205,292	$7,133	$212,425
GREGG TYREE	DIR/OPERATIO	40.00	Key Emp	$197,956	$7,793	$205,749
JOSEPH S NEWBERRY	SOFTWARE ENG	40.00	Key Emp	$184,771	$7,265	$192,036
JOSH CLEVENGER	PRINCIPAL IN	40.00	Key Emp	$175,237	$15,888	$191,125
KANKSHITA SWAMINATHAN	FACULTY INVE	40.00	Key Emp	$169,158	$16,494	$185,652
JERRY W JENKINS	GENOME ANALY	40.00	Key Emp	$173,261	$6,593	$179,854
SCOTT W COUCH	NETWORK OPS	40.00	Key Emp	$172,753	$6,793	$179,546
DAVE FLOWERS	BIOLOGIST	40.00	Key Emp	$168,550	$6,593	$175,143
FLORENCIA BEHN	RESEARCH AFF	40.00	Key Emp	$166,434	$6,483	$172,917
JESSE NICK COCHRAN	FACULTY INVE	40.00	Key Emp	$154,343	$12,554	$166,897
SCOTT A CECHOVIC	NETWORK OPS	40.00	Key Emp	$160,953	$5,726	$166,679
RICHARD J JOHNSON	SYSTEM ARCHI	40.00	Key Emp	$157,105	$6,062	$163,167
MICHAEL J FRIZZELL	COMP. STRUCT	40.00	Key Emp	$156,954	$6,064	$163,018
MICHAEL B BRYAN	COMPLIANCE O	40.00	Key Emp	$152,587	$6,034	$158,621
ALEX E HARKESS	FACULTY INVE	40.00	Key Emp	$155,104	$2,040	$157,144
SCOTT ROSS	DIRECTOR OF	40.00	Key Emp	$151,246	$5,893	$157,139
MING Y TSAI	BIOLOGIST	40.00	Key Emp	$150,993	$5,906	$156,899
AMIT ARORA	DIRECTOR	0.20	Director	$0	$0	$0
BARBARA FISK	DIRECTOR	0.20	Director	$0	$0	$0
PAUL GIEROW	DIRECTOR	0.20	Director	$0	$0	$0
J MILTON HARRIS	DIRECTOR	0.20	Director	$0	$0	$0
JAMES R HUDSON JR	DIRECTOR	0.20	Director	$0	$0	$0
SAMUEL P MCMANUS	DIRECTOR	0.20	Director	$0	$0	$0
BRIAN POLLOCK	CHAIR	0.20	Director	$0	$0	$0
BILL ROARK	DIRECTOR	0.20	Director	$0	$0	$0
LINDA SMITH	DIRECTOR	0.20	Director	$0	$0	$0
IRMA TUDER	DIRECTOR	0.20	Director	$0	$0	$0
JOHN R WYNN	SECRETARY	0.20	Director	$0	$0	$0
CHRIS MATL	CFO	N/A	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	No data	No data	No data	No data
2023	$61,674,062	$60,303,724	$220,821,713	$1,370,338
2022	$53,847,313	$53,817,844	$226,249,482	$29,469
2021	$45,340,795	$62,805,363	$188,566,945	$-17,464,568
2020	$51,805,437	$57,579,622	$211,512,056	$-5,774,185
2019	$139,619,021	$59,036,723	$194,073,537	$80,582,298
2018	$80,668,556	$71,732,125	$123,524,115	$8,936,431

HUDSON-ALPHA INSTITUTE FOR BIOTECHNOLOGY