BIOTECHNOLOGY INNOVATION ORGANIZATION

EIN: 521224577

WASHINGTON, DC

Total Revenue
$113,768,509
Total Expenses
$91,630,164
Total Assets
$156,639,347
Net Assets
$77,360,027
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
DC
Principal Officer
JOHN CROWLEY
Phone
2029629200
Tax Period
2023-01-01 to 2023-12-31

BIOTECHNOLOGY INNOVATION ORGANIZATION, founded in 1981, is a major nonprofit that reported $113.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $22.1M, a strong 19% operating margin.

Mission

BIO IS THE WORLD'S LARGEST ADVOCACY ASSOCIATION REPRESENTING APPROXIMATELY 1,000 MEMBER COMPANIES, STATE BIOTECHNOLOGY GROUPS, ACADEMIC AND RESEARCH INSTITUTIONS, PATIENT GROUPS, AND RELATED ORGANIZATIONS ACROSS THE UNITED STATES AND IN 30+ COUNTRIES. BIO IS FOUNDED ON THE PRINCIPLE THAT POLICY MUST NURTURE INNOVATION IN THE LIFE SCIENCES TO OVERCOME CHALLENGES IN HEALTH CARE, AGRICULTURE, INDUSTRY, AND THE ENVIRONMENT. BIO'S EFFORTS INCLUDE ADVOCACY AND POLICY EFFORTS FOCUSED ON THE INNOVATIVE HEALTH OF THE SECTOR ALONG WITH CONVENING EVENTS AND OFFERING OTHER MEMBER SERVICES.

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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 $0
Program Service Revenue $93,460,509
Investment Income $2,221,609
Other Revenue $18,086,391
TOTAL REVENUE $113,768,509

Expense Breakdown

Grants Paid $1,534,902
Salaries & Benefits $39,078,972
Fundraising Expenses $0
Other Expenses $51,016,290
TOTAL EXPENSES $91,630,164

Year-over-Year Comparison

2023 2022 Change
Revenue $113,768,509 $103,185,175 +0.1%
Expenses $91,630,164 $86,344,110 +0.1%
Net Income $22,138,345 $16,841,065 +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
87
Independent Members
87
Employees
181
Volunteers
107

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
12
$2,164,769
Total Directors
106
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRACE E COLON EMERGING COMPANIES SECT. VICE CHAIR 2.00
Officer Director
$0 $0 $0
JOHN F CROWLEY HEALTH SECTION VICE CHAIR 2.00
Officer Director
$0 $0 $0
PAUL J HASTINGS IMMEDIATE PAST CHAIR 2.00
Officer Director
$0 $0 $0
ELIZABETH LEWIS ASSOCIATE VICE CHAIR & SECRETARY 2.00
Officer Director
$0 $0 $0
TED W LOVE CHAIR 2.00
Officer Director
$0 $0 $0
ANNA RATH AGRICULTURE & ENVIRONMENT SECT CHAIR 2.00
Officer Director
$0 $0 $0
DUANE J SIMPSON AGRICULTURE & ENVIRONMENT VICE CHAIR 2.00
Officer Director
$0 $0 $0
ERIKA SMITH EMERGING COMPANIES SECTION CHAIR 2.00
Officer Director
$0 $0 $0
SYLVIA WULF AGRICULTURE & ENVIRONMENT SECT CHAIR 2.00
Officer Director
$0 $0 $0
BRADFORD A ZAKES TREASURER 2.00
Officer Director
$0 $0 $0
ANGELA CARISA AILLONI DIRECTOR 2.00
Director
$0 $0 $0
STEVE ALBERS DIRECTOR 2.00
Director
$0 $0 $0
STUART A ARBUCKLE DIRECTOR 2.00
Director
$0 $0 $0
MARTIN BABLER DIRECTOR 2.00
Director
$0 $0 $0
SULAGNA BHATTACHARYA DIRECTOR 2.00
Director
$0 $0 $0
JEAN-JACQUES BIENAIME DIRECTOR (UNTIL DECEMBER 2023) 2.00
Director
$0 $0 $0
FRITZ BITTENBENDER DIRECTOR 2.00
Director
$0 $0 $0
ROBERT BLUM DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER BOERNER DIRECTOR (UNTIL JUNE 2023) 2.00
Director
$0 $0 $0
CARRIE L BOURDOW DIRECTOR 2.00
Director
$0 $0 $0
CARINE BOUSTANY DIRECTOR 2.00
Director
$0 $0 $0
STEPHEN BRADY DIRECTOR 2.00
Director
$0 $0 $0
VICTOR BULTO DIRECTOR 2.00
Director
$0 $0 $0
EMMANUEL CAEYMAEX DIRECTOR (UNTIL DECEMBER 2023) 2.00
Director
$0 $0 $0
PABLO J CAGNONI DIRECTOR (UNTIL OCTOBER 2023) 2.00
Director
$0 $0 $0
KAY CHANDLER DIRECTOR (UNTIL DECEMBER 2023) 2.00
Director
$0 $0 $0
IVAN CHEUNG DIRECTOR (UNTIL SEPTEMBER 2023) 2.00
Director
$0 $0 $0
GIACOMO CHIESI DIRECTOR 2.00
Director
$0 $0 $0
JEFFREY L CLELAND DIRECTOR 2.00
Director
$0 $0 $0
RON COHEN DIRECTOR 2.00
Director
$0 $0 $0
BRUCE C COZADD DIRECTOR 2.00
Director
$0 $0 $0
ROGER CRYSTAL DIRECTOR (UNTIL JUNE 2023) 2.00
Director
$0 $0 $0
DOUGLAS DOERFLER DIRECTOR (UNTIL DECEMBER 2023) 2.00
Director
$0 $0 $0
ERIC M DUBE DIRECTOR 2.00
Director
$0 $0 $0
MARC DUNOYER DIRECTOR 2.00
Director
$0 $0 $0
MARK ENYEDY DIRECTOR 2.00
Director
$0 $0 $0
BARRY P FLANNELLY DIRECTOR 2.00
Director
$0 $0 $0
ALEXANDRIA FORBES DIRECTOR 2.00
Director
$0 $0 $0
KAYE FOSTER DIRECTOR 2.00
Director
$0 $0 $0
CEDRIC FRANCOIS DIRECTOR 2.00
Director
$0 $0 $0
DEBORAH GLASSER DIRECTOR 2.00
Director
$0 $0 $0
JOHN GLASSPOOL DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER GOOD DIRECTOR 2.00
Director
$0 $0 $0
KEVIN C GORMAN DIRECTOR 2.00
Director
$0 $0 $0
YVONNE GREENSTREET DIRECTOR 2.00
Director
$0 $0 $0
SEBASTIAN GUTH DIRECTOR 2.00
Director
$0 $0 $0
KARIS GUTTER DIRECTOR 2.00
Director
$0 $0 $0
STEVEN HARR DIRECTOR 2.00
Director
$0 $0 $0
RACHEL HAURWITZ DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER HOLMGREN DIRECTOR 2.00
Director
$0 $0 $0
MIKE HUCKMAN DIRECTOR 2.00
Director
$0 $0 $0
ELIZABETH JEFFORDS DIRECTOR 2.00
Director
$0 $0 $0
PATRIK JONSSON DIRECTOR 2.00
Director
$0 $0 $0
ALEX KARNAL DIRECTOR (UNTIL OCTOBER 2023) 2.00
Director
$0 $0 $0
DAVID KETTNER DIRECTOR 2.00
Director
$0 $0 $0
SCOTT KOENIG DIRECTOR 2.00
Director
$0 $0 $0
SAMARTH KULKARNI DIRECTOR (UNTIL MAY 2023) 2.00
Director
$0 $0 $0
JOSEPH J LAROSA DIRECTOR 2.00
Director
$0 $0 $0
CHRIS LEIBMAN DIRECTOR 2.00
Director
$0 $0 $0
JEREMY M LEVIN DIRECTOR 2.00
Director
$0 $0 $0
SANDY MACRAE DIRECTOR 2.00
Director
$0 $0 $0
GAIL MADERIS DIRECTOR 2.00
Director
$0 $0 $0
AAMIR MALIK DIRECTOR (UNTIL DECEMBER 2023) 2.00
Director
$0 $0 $0
ANTHONY MANCINI DIRECTOR 2.00
Director
$0 $0 $0
MAYA MARTINEZ-DAVIS DIRECTOR 2.00
Director
$0 $0 $0
SHARON MATES DIRECTOR 2.00
Director
$0 $0 $0
THOMAS P MATHERS DIRECTOR 2.00
Director
$0 $0 $0
REENIE MCCARTHY DIRECTOR 2.00
Director
$0 $0 $0
SHEILA ANN MIKHAIL DIRECTOR 2.00
Director
$0 $0 $0
ROCCO MORELLI DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL M MORRISSEY DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL NARACHI DIRECTOR (UNTIL FEBRUARY 2023) 2.00
Director
$0 $0 $0
AMIR NASHAT DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM J NEWELL DIRECTOR 2.00
Director
$0 $0 $0
ANDREW OBENSHAIN DIRECTOR 2.00
Director
$0 $0 $0
JANNIE OOSTHUIZEN DIRECTOR 2.00
Director
$0 $0 $0
CATHERINE OWEN DIRECTOR 2.00
Director
$0 $0 $0
JULIA OWENS DIRECTOR 2.00
Director
$0 $0 $0
JOHN V OYLER DIRECTOR 2.00
Director
$0 $0 $0
CINDY PERETTIE DIRECTOR 2.00
Director
$0 $0 $0
ADELENE Q PERKINS DIRECTOR (UNTIL OCTOBER 2023) 2.00
Director
$0 $0 $0
RICHARD POPS DIRECTOR 2.00
Director
$0 $0 $0
MARK PRUZANSKI DIRECTOR 2.00
Director
$0 $0 $0
SOFIE QIAO DIRECTOR 2.00
Director
$0 $0 $0
MIKE G RAAB DIRECTOR 2.00
Director
$0 $0 $0
ELENA RICE DIRECTOR (UNTIL DECEMBER 2023) 2.00
Director
$0 $0 $0
MICHAEL J RUGGIERO DIRECTOR 2.00
Director
$0 $0 $0
JAMES SAPIRSTEIN DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHE SCHILLING DIRECTOR 2.00
Director
$0 $0 $0
HAROUT SEMERJIAN DIRECTOR 2.00
Director
$0 $0 $0
CHRISTI SHAW DIRECTOR (UNTIL MARCH 2023) 2.00
Director
$0 $0 $0
JEFFREY SHERMAN DIRECTOR (UNTIL OCTOBER 2023) 2.00
Director
$0 $0 $0
BILL SIBOLD DIRECTOR (UNTIL SEPTEMBER 2023) 2.00
Director
$0 $0 $0
NANCY SIMONIAN DIRECTOR 2.00
Director
$0 $0 $0
EDDIE J SULLIVAN DIRECTOR 2.00
Director
$0 $0 $0
IAN THOMPSON DIRECTOR 2.00
Director
$0 $0 $0
NOLAN TOWNSEND DIRECTOR 2.00
Director
$0 $0 $0
LINDA TROLINDER DIRECTOR 2.00
Director
$0 $0 $0
NEIL K WARMA DIRECTOR 2.00
Director
$0 $0 $0
SUE WASHER DIRECTOR (UNTIL MARCH 2023) 2.00
Director
$0 $0 $0
FRANK WATANABE DIRECTOR 2.00
Director
$0 $0 $0
SCOTT WHITE DIRECTOR 2.00
Director
$0 $0 $0
RICK E WINNINGHAM DIRECTOR 2.00
Director
$0 $0 $0
ROGER WYSE DIRECTOR (UNTIL DECEMBER 2023) 2.00
Director
$0 $0 $0
TATSUYUKI YASUNO DIRECTOR 2.00
Director
$0 $0 $0
DAPHNE ZOHAR DIRECTOR 2.00
Director
$0 $0 $0
STEPHEN JASKO CHIEF FINANCIAL OFFICER, EVP BUSINESS DEVELOPMENT 40.00
Officer
$746,044 $86,573 $832,617
RACHEL K KING INTERIM PRESIDENT AND CEO 40.00
Officer
$1,267,480 $64,672 $1,332,152
RICHARD MASTERS CHIEF PUBLIC AFFAIRS & MARKETING OFFICER 40.00
Highest
$761,623 $85,347 $846,970
NICHOLAS SHIPLEY CHIEF ADVOCACY OFFICER 40.00
Highest
$758,821 $80,397 $839,218
ELIZABETH ESHAM CHIEF SCIENCE OFFICER 40.00
Highest
$737,273 $56,912 $794,185
PETER MCHUGH CHIEF LEGAL OFFICER 40.00
Highest
$665,131 $88,647 $753,778
JOHN MURPHY CHIEF POLICY OFFICER 40.00
Highest
$550,953 $87,604 $638,557
MICHELLE MCMURRY-HEATH FORMER PRESIDENT AND CEO 40.00
$1,848,121 $6,522 $1,854,643
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 $113,768,509 $91,630,164 $156,639,347 $22,138,345
2022 $103,185,175 $86,344,110 $124,412,600 $16,841,065
2021 $80,910,840 $80,058,118 $113,666,319 $852,722
2020 $77,279,517 $81,844,658 $76,544,473 $-4,565,141
2019 $92,437,269 $96,191,552 $84,368,104 $-3,754,283
2018 $87,310,431 $86,524,501 $78,940,053 $785,930
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