UNION, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INSTITUTE FOR LIFE SCIENCE ENTREPRENEURSHIP, founded in 2014, is a small nonprofit in the Medical Research sector that reported $953K in total revenue in fiscal year 2024. Expenses of $923K left a modest 3% surplus.
THE MISSION OF THE INSTITUTE AS A GATEWAY FOR INTEGRATING THE EXTRAORDINARY ACADEMIC, INDUSTRIAL AND ENTREPRENEURIAL RESOURCES OF THE NEW YORK/NEW JERSEY METROPOLITAN AREA INTO A DYNAMIC RAPID-RESPONSE ENTERPRISE FOR ADVANCING BASIC AND TRANSLATIONAL RESEARCH AND ENTREPRENEURISM IN THE LIFE SCIENCES. IT IS STRUCTURED AS A NON-PROFIT, AUTONOMOUS LIFE SCIENCE RESEARCH INSTITUTE LOCATED ON THE CAMPUS OF KEAN UNIVERSITY, IN UNION, NEW JERSEY, GOVERNED BY A BOARD OF DIRECTORS.
BY DESIGN, THE INSTITUTE IS MULTIDIMENSIONAL, MULTIDISCIPLINARY, AND COLLABORATIVE. THE GOAL IS TO ACCELERATE TRANSLATION OF SCIENCE AND TECHNOLOGICAL ADVANCES INTO INNOVATIVE AND PRACTICAL...
BY DESIGN, THE INSTITUTE IS MULTIDIMENSIONAL, MULTIDISCIPLINARY, AND COLLABORATIVE. THE GOAL IS TO ACCELERATE TRANSLATION OF SCIENCE AND TECHNOLOGICAL ADVANCES INTO INNOVATIVE AND PRACTICAL SOLUTIONS, WHICH WILL CONTRIBUTE TO ECONOMIC DEVELOPMENT, HIGH-SKILL MANUFACTURING AND WEALTH CREATION, WHILE FEEDING BACK TO CATALYZE THE CREATION OF AN EFFICIENT AND EFFECTIVE RESOURCE AND PROVIDE TRAINING AND EXPERIENCE IN ENTREPRENEURSHIP.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $952,664 | $911,287 | +0.0% |
| Expenses | $923,330 | $812,815 | +0.1% |
| Net Income | $29,334 | $98,472 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KEITH A BOSTIAN PHD | PRESIDENT/CEO | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAMELA DEMAIN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| WILLIAM HANLON | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| LISA DEBERARDINE | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| SANDRA POWELL-ELLIOTT | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| ANDREW BRANNEN | TRUSTEE | 0.50 |
Director
|
$0 | $0 | $0 |
| TOM RICHARDSON | PRESIDENT | 40.00 |
Officer
|
$134,123 | $17,481 | $151,604 |
| ROBERT MCLAUGHLIN | VICE PRESIDENT OF RESEARCH | 40.00 |
Officer
|
$155,000 | $12,162 | $167,162 |
| AJAY KUMAR | VICE PRESIDENT | 40.00 |
Highest
|
$150,000 | $164 | $150,164 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $952,664 | $923,330 | $1,656,608 | $29,334 |
| 2023 | $911,287 | $812,815 | $1,180,161 | $98,472 |
| 2022 | $1,059,927 | $798,575 | $1,079,920 | $261,352 |
| 2021 | $1,022,746 | $762,193 | $828,255 | $260,553 |
| 2020 | $1,030,230 | $906,937 | $579,267 | $123,293 |
| 2019 | $783,908 | $1,031,428 | $447,720 | $-247,520 |
| 2018 | $1,542,899 | $1,379,347 | $717,250 | $163,552 |
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