BIOCONNECT IOWA (EIN 453690618) - 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

DAN JACOBI

Phone

5155544396

Tax Period

2024-07-01 to 2025-06-30

BIOCONNECT IOWA, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $6.9M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $4.8M, a strong 69% operating margin.

Mission

TO ENHANCE THE BIOSCIENCE-BASED ECONOMIC DEVELOPMENT IN THE STATE OF IOWA AND TO FURTHER THE OVERALL DEVELOPMENT AND ECONOMIC WELL-BEING OF THE STATE OF IOWA.

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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 $6,851,291

Program Service Revenue $95,990

Investment Income $1,170

Other Revenue $0

TOTAL REVENUE $6,948,451

Expense Breakdown

Grants Paid $16,457

Salaries & Benefits $487,094

Fundraising Expenses $0

Program Expenses $1,640,082

Other Expenses $1,659,782

TOTAL EXPENSES $2,163,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,948,451	$7,697,006	-0.1%
Expenses	$2,163,333	$2,810,364	-0.2%
Net Income	$4,785,118	$4,886,642	0.0%

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

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

$217,302

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN JACOBI	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
BILLI HUNT	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
MATTHEW WARRENS	MEMBER	2.00	Director	$0	$0	$0
DR CHRISTINE SINDT	MEMBER	2.00	Director	$0	$0	$0
DR YE LAO	MEMBER	2.00	Director	$0	$0	$0
R SCOTT JOHNSON	MEMBER	2.00	Director	$0	$0	$0
DR ASHTYN ZINN	MEMBER	2.00	Director	$0	$0	$0
STEVEN BRODY	CEO AND PRESIDENT	40.00	Officer	$210,840	$6,462	$217,302
STEVEN SMITH	COMMERCIAL OFFICER	40.00	Highest	$158,790	$12,790	$171,580

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	$6,948,451	$2,163,333	$15,246,639	$4,785,118
2024	$7,697,006	$2,810,364	$11,193,384	$4,886,642
2023	$7,338,139	$2,307,855	$6,297,217	$5,030,284
2022	$1,803,790	$1,584,053	$1,127,931	$219,737
2021	$2,701,936	$2,753,154	$922,274	$-51,218
2018	$1,166,261	$1,096,248	$651,976	$70,013

BIOCONNECT IOWA