Indiana Biosciences Research Institute Inc

EIN: 462882271 501(c)(3) Science & Technology

Indianapolis, IN

Total Revenue
$4,463,852
Total Expenses
$15,792,698
Total Assets
$150,111,240
Net Assets
$123,427,945
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
IN
Phone
3179833350
Tax Period
2023-01-01 to 2023-12-31

Indiana Biosciences Research Institute Inc, founded in 2013, is a community nonprofit in the Science & Technology sector that reported $4.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $15.8M exceeded revenue, resulting in a 254% operating deficit.

Mission

THE IBRI IS AN INDEPENDENT LIFE SCIENCES RESEARCH INSTITUTE FOCUSED ON ADDRESSING MAJOR UNDERSERVED AREAS OF PUBLIC HEALTH INCLUDING DIABETES, PEDIATRIC RARE DISEASES, AND ALZHEIMER'S DISEASE. THE IBRI FACILITATES THE GROWTH OF THE BIOMEDICAL COMMUNITY BY ATTRACTING TALENT AND INDUSTRY TO THE STATE AND AIDES IN THE COMMERCIALIZATION OF TECHNOLOGIES TO FOSTER FURTHER ECONOMIC DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,480,756
Program Service Revenue $1,280,924
Investment Income $694,936
Other Revenue $7,236
TOTAL REVENUE $4,463,852

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,091,633
Fundraising Expenses $717,293
Program Expenses $12,889,385
Other Expenses $9,645,223
TOTAL EXPENSES $15,792,698

Year-over-Year Comparison

2023 2022 Change
Revenue $4,463,852 $4,098,308 +0.1%
Expenses $15,792,698 $12,874,670 +0.2%
Net Income $-11,328,846 $-8,776,362 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
18
Independent Members
9
Employees
73
Volunteers
18

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
5
$1,373,048
Total Directors
20
$4,746,512
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT & CEO 32.0
Officer Director
$490,544 $49,546 $632,531
N/A EXECUTIVE CHAIR 0.5
Officer Director
$0 $0 $0
N/A Treasurer 0.5
Officer Director
$0 $0 $0
N/A Director 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $50,084 $216,169
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $33,041 $90,283
N/A Director (began 11/29/23) 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A PhD MHSA, DIRECTOR 0.5
Director
$0 $387,160 $1,442,874
N/A Director (began 8/18/23) 0.5
Director
$0 $36,373 $342,933
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A Director (Began 4/17/23) 0.5
Director
$0 $68,484 $471,591
N/A DIRECTOR (partial year) 0.5
Director
$0 $0 $0
N/A VP for University Relations 0.5
Director
$0 $71,576 $529,543
N/A DIRECTOR 0.5
Director
$0 $35,223 $270,279
N/A DIRECTOR 0.5
Director
$0 $53,253 $624,814
N/A DIRECTOR (partial year) 0.5
Director
$0 $7,419 $125,495
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A CHIEF OPERATING OFFICER 39.5
Officer
$375,771 $32,854 $408,625
N/A CHIEF FINANCIAL OFFICER 40.0
Officer
$313,626 $18,266 $331,892
N/A FINANCIAL CONTROLLER 40.0
Highest
$181,341 $37,111 $218,452
N/A Vice president - Translational 40.0
Highest
$142,094 $7,716 $149,810
N/A VP MOLECULAR INNOVATION 40.0
Highest
$274,941 $31,385 $306,326
N/A SR STAFF SCIENTIST 40.0
Highest
$140,907 $30,169 $171,076
N/A Vice President - Business Development 40.0
Highest
$163,872 $29,829 $193,701
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 $4,463,852 $15,792,698 $150,111,240 $-11,328,846
2022 $4,098,308 $12,874,670 $149,263,304 $-8,776,362
2021 $10,008,922 $13,681,600 $179,409,136 $-3,672,678
2020 $24,964,882 $12,515,842 $184,375,085 $12,449,040
2019 $10,121,188 $11,401,635 $142,532,577 $-1,280,447
2018 $6,979,445 $9,412,899 $132,734,431 $-2,433,454
Explore More Nonprofits
→Top 100 Nonprofits in Indiana →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Indiana Biosciences Research Institute Inc with other nonprofits in Indiana and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.