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
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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
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

TO BECOME A LEADING INDEPENDENT RESEARCH INSTITUTE IN THE DISCOVERY AND DEVELOPMENT OF INNOVATIVE SOLUTIONS TO IMPROVE HUMAN HEALTH.

Program Service Accomplishments

Program 1
Expenses: $12,889,385 Revenue: $1,313,427

FOUNDED IN 2013, THE INDIANA BIOSCIENCES RESEARCH INSTITUTE'S (IBRI) SCIENTIFIC RESEARCH FOCUSES ON DISCOVERING INNOVATIVE SOLUTIONS FOR UNDERSERVED DISEASES, INCLUDING DIABETES, PEDIATRIC RARE...

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FOUNDED IN 2013, THE INDIANA BIOSCIENCES RESEARCH INSTITUTE'S (IBRI) SCIENTIFIC RESEARCH FOCUSES ON DISCOVERING INNOVATIVE SOLUTIONS FOR UNDERSERVED DISEASES, INCLUDING DIABETES, PEDIATRIC RARE DISEASES AND ALZHEIMER'S DISEASE.

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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%)

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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
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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

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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
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