OKLAHOMA BIOSCIENCE INSTITUTE (EIN 452067346) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

REX SMITHERMAN

Phone

4058132413

Tax Period

2023-07-01 to 2024-06-30

OKLAHOMA BIOSCIENCE INSTITUTE, founded in 2011, is a small nonprofit in the Science & Technology sector that reported $127K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $176K exceeded revenue, resulting in a 38% operating deficit.

Mission

THE MISSION OF THE OKLAHOMA BIOSCIENCE ASSOCIATION IS TO PROMOTE THE GROWTH OF BIOSCIENCES IN OKLAHOMA THROUGH PARTNERSHIP BUILDING, EDUCATION AND OUTREACH, NETWORKING, POLICY DEVELOPMENT AND PUBLICITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $76,320

Program Service Revenue $64,168

Investment Income $0

Other Revenue $-13,065

TOTAL REVENUE $127,423

Expense Breakdown

Grants Paid $71,911

Salaries & Benefits $87,923

Fundraising Expenses $2,286

Program Expenses $148,660

Other Expenses $16,306

TOTAL EXPENSES $176,140

Year-over-Year Comparison

	2023	2022	Change
Revenue	$127,423	$250,832	-0.5%
Expenses	$176,140	$527,846	-0.7%
Net Income	$-48,717	$-277,014	-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

Governance

Voting Members

Independent Members

Employees

N/A

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

$884,421

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROSE WASHINGTON-JONES	CHAIRMAN	1.00	Director	$0	$0	$0
MARK POOLE	VICE CHAIRMAN	1.00	Director	$0	$0	$0
HOWARD BARNETT JR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BASCH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CROPPER	DIRECTOR	1.00	Director	$0	$0	$0
CARL EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP ELLER	DIRECTOR	1.00	Director	$0	$0	$0
TOM EVANS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTY GILLENWATER	DIRECTOR	1.00	Director	$0	$0	$0
DANNY HILLIARD	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP KURTZ	DIRECTOR	1.00	Director	$0	$0	$0
DEVON LANEY	DIRECTOR	1.00	Director	$0	$0	$0
RICK MCCUNE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MCGRAIL	DIRECTOR	1.00	Director	$0	$0	$0
MARK NANCE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PITTS	DIRECTOR	1.00	Director	$0	$0	$0
RYAN POSEY	DIRECTOR	1.00	Director	$0	$0	$0
DARRYL SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG SHIMASAKI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SPANN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW S WEYRICH	DIRECTOR	1.00	Director	$0	$0	$0
ROY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
DUANE WILSON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT MEACHAM	CEO	0.25	Officer	$0	$19,630	$216,162
REX SMITHERMAN	I2E PRESIDENT	1.00	Officer	$0	$18,739	$262,885
MARK LAUINGER	SVP CLIENT SERVICES	1.00	Officer	$0	$21,927	$210,655
JUDY BEECH	VP OF FINANCE	1.00	Officer	$0	$12,005	$194,719
MICHAEL LABRIE	SECRETARY	1.00	Officer	$0	$0	$0
RICHARD RAINEY	VENTURE ADVISOR	1.00	Highest	$0	$20,271	$153,750
SRIJITA GHOSH	VENTURE ADVISOR	1.00	Highest	$0	$10,226	$125,876
DARCY WILBORN	VP OF OPERATIONS	1.00	Highest	$0	$4,124	$141,632
JUSTIN WILSON	IMCI MANAGING DIRECTOR/PRESIDENT	1.00	Highest	$0	$25,697	$338,573

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	No data	No data	No data	No data
2024	$127,423	$176,140	No data	$-48,717
2023	$250,832	$527,846	$164,898	$-277,014
2022	$227,721	$221,205	$457,170	$6,516
2021	$178,995	$127,944	$340,961	$51,051
2020	$140,810	$147,248	$318,263	$-6,438
2019	$339,031	$239,210	$409,599	$99,821

OKLAHOMA BIOSCIENCE INSTITUTE