BioHealth Innovation (EIN 453824067) - 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

Richard Bendis

Phone

3016370699

Tax Period

2023-01-01 to 2023-12-31

BioHealth Innovation, founded in 2011, is a community nonprofit in the Medical Research sector that reported $4.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 6% surplus.

Mission

Connects market relevant research assets to appropriate finding, management, and markets to facilitate the development of commercially viable bio health products.

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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 $3,976,654

Program Service Revenue $667,298

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,643,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,170,149

Fundraising Expenses $450,173

Program Expenses $3,478,564

Other Expenses $2,194,799

TOTAL EXPENSES $4,364,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,643,952	$4,065,006	+0.1%
Expenses	$4,364,948	$3,686,773	+0.2%
Net Income	$279,004	$378,233	-0.3%

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

$566,274

Total Directors

$566,274

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Bendis	President & CEO	40.00	Officer Director	$523,278	$42,996	$566,274
Pete Briskman	Chair	2.00	Officer Director	$0	$0	$0
Christine Dingivan	Vice Chair	2.00	Officer Director	$0	$0	$0
Charles Morton	Secretary	2.00	Officer Director	$0	$0	$0
Dave Lemus	Treasurer	2.00	Officer Director	$0	$0	$0
Sally Allain	Board Member	2.00	Director	$0	$0	$0
Jarrod Borkat	Board Member	2.00	Director	$0	$0	$0
Christopher Callaghan	Board Member	2.00	Director	$0	$0	$0
Donna Edmonds	Board Member	2.00	Director	$0	$0	$0
William Hearl	Board Member	2.00	Director	$0	$0	$0
Juergen Klenk	Board Member	2.00	Director	$0	$0	$0
Anthony Lakavage	Board Member	2.00	Director	$0	$0	$0
Joel Marcus	Board Member	2.00	Director	$0	$0	$0
Kurt Newman	Board Member	2.00	Director	$0	$0	$0
Jay Perman	Board Member	2.00	Director	$0	$0	$0
John Sackett	Board Member	2.00	Director	$0	$0	$0
Aubrey Watkins	Board Member	2.00	Director	$0	$0	$0
Srjuana Cherukuri	Board Member (MAR-DEC)	2.00	Director	$0	$0	$0
Ronald Kurz	Board Member (MAY-DEC)	2.00	Director	$0	$0	$0
Tyrell Rivers	Board Member (MAY-DEC)	2.00	Director	$0	$0	$0
Raymond Blanchard	Board Member (JUN-DEC)	2.00	Director	$0	$0	$0
Dan Mallon	Board Member (JUN-DEC)	2.00	Director	$0	$0	$0
Aime Smart	Board Member (AUG-DEC)	2.00	Director	$0	$0	$0
Steven Roberts	Board Member (SEPT-DEC)	2.00	Director	$0	$0	$0
Ethel Rubin	Entrepreneur in Residence	40.00	Highest	$269,185	$13,459	$282,644
John Sullivan	Entrepreneur in Residence	40.00	Highest	$235,827	$7,515	$243,342
Lynne Brisbane	VP of Finance, Operations,	40.00	Highest	$170,676	$5,152	$175,828
Monique Bennett	Sr. Life Science Business Strategist	40.00	Highest	$108,580	$3,296	$111,876
Olivia Myer	Entrepreneur in Residence	40.00	Highest	$100,043	$3,030	$103,073

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	$4,643,952	$4,364,948	$5,807,113	$279,004
2022	$4,065,006	$3,686,773	$5,438,812	$378,233
2021	$3,804,025	$3,195,203	$5,134,155	$608,822
2020	$2,643,861	$2,940,887	$4,546,927	$-297,026
2019	$2,970,268	$3,046,056	$4,621,497	$-75,788
2018	$2,692,350	$3,051,879	$4,765,620	$-359,529

BioHealth Innovation