ALTIUS INSTITUTE FOR BIOMEDICAL SCIENCES

EIN: 472231080 501(c)(3) Medical Research

SEATTLE, WA

Total Revenue
$25,521,018
Total Expenses
$32,275,657
Total Assets
$17,386,206
Net Assets
$9,631,305
🔒

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
2014
Legal Domicile
DE
Principal Officer
JOHN STAMATOYANNOPOULOS
Phone
2062671091
Tax Period
2024-01-01 to 2024-12-31

ALTIUS INSTITUTE FOR BIOMEDICAL SCIENCES, founded in 2014, is a mid-sized nonprofit in the Medical Research sector that reported $25.5M in total revenue in fiscal year 2024. Expenses of $32.3M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE MISSION OF THE ALTIUS INSTITUTE FOR BIOMEDICAL SCIENCES (ALTIUS) IS TO ADVANCE THE SCIENCE OF GENE REGULATION FOR THE BENEFIT OF HUMAN HEALTH. ALTIUS AIMS TO ACCOMPLISH THIS MISSION BY RADICALLY ADVANCING BIOMEDICAL DISCOVERY THROUGH THE DEVELOPMENT AND APPLICATION OF NEW TECHNOLOGIES AND APPROACHES FOR ILLUMINATING CELL AND TISSUE FUNCTIONS IN BOTH HEALTH AND DISEASE STATES. TO ENABLE ITS MISSION, ALTIUS UTILIZES A NEW TYPE OF SCIENTIFIC AND TECHNOLOGICAL DISCOVERY ENVIRONMENT DESIGNED TO FOSTER LEAPS IN INNOVATION BY ENABLING ITS SCIENTISTS TO MOVE FROM IDEAS TO DATA FASTER THAN IN ANY OTHER ACADEMIC OR BIOTECHNOLOGY SETTING. ALTIUS CONTINUALLY STRIVES TO TRANSLATE ITS DATA AND TECHNOLOGY INTO NOVEL APPROACHES FOR DIAGNOSING AND TREATING DISEASE AND FOR IMPROVING HUMAN HEALTH.

Program Service Accomplishments

Program 1
Expenses: $25,686,537

ALTIUS DIRECTLY CONDUCTS AN ACTIVE AND MULTIFACETED PROGRAM OF BASIC BIOMEDICAL RESEARCH IN THE FIELDS OF GENETICS, GENOMICS, AND BIOTECHNOLOGY. MOST OF THIS RESEARCH HAPPENS IN ALTIUS LABORATORIES...

Read more

ALTIUS DIRECTLY CONDUCTS AN ACTIVE AND MULTIFACETED PROGRAM OF BASIC BIOMEDICAL RESEARCH IN THE FIELDS OF GENETICS, GENOMICS, AND BIOTECHNOLOGY. MOST OF THIS RESEARCH HAPPENS IN ALTIUS LABORATORIES LOCATED IN SEATTLE, WASHINGTON. THE ORGANIZATION ALSO COLLABORATES WITH ACADEMIC RESEARCH HOSPITALS. ALTIUS AIMS TO DISCOVER, DEVELOP, AND TRANSLATE FOR CLINICAL USE, BOTH DATA AND TRANSFORMATIVE TECHNOLOGIES THAT ILLUMINATE OR ENABLE THE CONTROL OF HUMAN GENES IN MEDICALLY IMPORTANT BIOLOGICAL CONTEXTS. ALTIUS RESEARCH PROGRAMS FOCUS ON GAINING A RICHER UNDERSTANDING OF HOW HUMAN CELLS FUNCTION IN HEALTH AND DISEASE FOR THE PURPOSE OF DEVELOPING NEW APPROACHES TO DIAGNOSIS AND NEW THERAPIES. TOWARD THESE GOALS, ALTIUS' RESEARCH PROGRAM FOCUSES ON THE DEVELOPMENT, SCALING AND TRANSLATIONAL APPLICATION OF DIVERSE TECHNOLOGY PLATFORMS, INCLUDING GENETIC AND GENOMIC ANALYSES, CELL AND GENOME ENGINEERING, SINGLE MOLECULE DNA AND CHROMATIN ANALYSIS, HIGH RESOLUTION CELL IMAGING, AND TECHNOLOGIES FOR THE DESIGN AND DELIVERY OF GENE CONTROL EFFECTORS. THESE PLATFORMS COLLECTIVELY PROVIDE NEW WINDOWS INTO CELLULAR RESPONSES, AND OPEN NEW DOORS TO THE DISCOVERY OF NEW MEDICINES.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $25,653,464
Program Service Revenue $0
Investment Income $-192,408
Other Revenue $59,962
TOTAL REVENUE $25,521,018

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,884,234
Fundraising Expenses $0
Program Expenses $25,686,537
Other Expenses $15,391,423
TOTAL EXPENSES $32,275,657

Year-over-Year Comparison

2024 2023 Change
Revenue $25,521,018 $25,796,659 0.0%
Expenses $32,275,657 $35,992,831 -0.1%
Net Income $-6,754,639 $-10,196,172 -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
4
Independent Members
3
Employees
115
Volunteers
2

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
2
$955,530
Total Directors
6
$1,030,934
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN STAMATOYANNOPOULOS PRES, SCIENTIFIC DIR., & TREASURER 40.00
Officer Director
$885,000 $58,434 $943,434
HAL DIETZ BOARD MEMBER 1.00
Director
$50,000 $0 $50,000
PETER HANDRINOS BOARD MEMBER THRU 05/24 2.00
Director
$25,000 $0 $25,000
PHILIP GREGORY BOARD MEMBER 2.00
Director
$12,500 $0 $12,500
CHRISTINE DONOHUE BOARD MEMBER 0.50
Director
$0 $0 $0
ERIK INGELSSON BOARD MEMBER THRU 05/24 0.50
Director
$0 $0 $0
THOMAS GROHMAN CORPORATE SECRETARY 1.00
Officer
$12,096 $0 $12,096
ALISTER FUNNELL DEPUTY DIRECTOR 40.00
Highest
$600,000 $57,898 $657,898
MICHAEL COCKRILL CHIEF TECHNOLOGY OFFICER 40.00
Highest
$400,000 $75,576 $475,576
JEFFREY VIERSTRA PRINCIPAL INVESTIGATOR 40.00
Highest
$350,000 $63,184 $413,184
THEO KNIJNENBURG DIRECTOR & FACULTY INVESTIGATOR 40.00
Highest
$325,000 $58,120 $383,120
CHAD LUNDBERG CHIEF OF STAFF THRU 09/24 40.00
Highest
$305,982 $37,642 $343,624
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 $25,521,018 $32,275,657 $17,386,206 $-6,754,639
2023 $25,796,659 $35,992,831 $26,636,898 $-10,196,172
2022 $55,346,565 $54,165,332 $39,729,559 $1,181,233
2021 $44,158,765 $33,064,396 $61,078,390 $11,094,369
2020 $25,217,625 $22,201,302 $20,723,085 $3,016,323
2019 $16,965,373 $20,825,335 $17,764,328 $-3,859,962
2018 $21,469,277 $23,358,445 $19,497,322 $-1,889,168
Explore More Nonprofits
Top 100 Nonprofits in Washington Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare ALTIUS INSTITUTE FOR BIOMEDICAL SCIENCES with other nonprofits in Washington and across the country.