SOUTHEAST LIFE SCIENCES INC

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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

1999

Legal Domicile

Principal Officer

THOMAS FAGLEY

Phone

2024384960

Tax Period

2022-01-01 to 2022-12-31

SOUTHEAST LIFE SCIENCES INC, founded in 1999, is a small nonprofit that reported $336K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year.

Mission

TO FOSTER THE GROWTH OF THE LIFE SCIENCES INDUSTRY IN THE SOUTHEASTERN UNITED STATES BY PROMOTING ENTREPRENEURSHIP AND BRINGING TOGETHER THE KEY STAKEHOLDERS ACTIVE IN THE DEVELOPMENT OF THE INDUSTRY.

Program Service Accomplishments

Program 1

INVESTOR FORUM: THE ORGANIZATION (SOUTHEAST LIFE SCIENCES) HOSTS A LIFE SCIENCE-FOCUSED INVESTOR CONFERENCE ONCE A YEAR. THE CONFERENCE ROTATES BETWEEN SOUTHEASTERN STATES EACH YEAR AND TYPICALLY...

INVESTOR FORUM: THE ORGANIZATION (SOUTHEAST LIFE SCIENCES) HOSTS A LIFE SCIENCE-FOCUSED INVESTOR CONFERENCE ONCE A YEAR. THE CONFERENCE ROTATES BETWEEN SOUTHEASTERN STATES EACH YEAR AND TYPICALLY DRAWS BETWEEN 200-400 ATTENDEES. THE OBJECTIVE OF THE CONFERENCE IS TO ENCOURAGE NETWORKING AMONG THE KEY MEMBERS OF THE SOUTHEAST'S LIFE SCIENCE BUSINESS COMMUNITY AND THOSE LOOKING TO DO BUSINESS IN THE REGION, IN AN EFFORT TO SUPPORT EMERGING SOUTHEAST-BASED COMPANIES. ATTENDEES TYPICALLY INCLUDE VENTURE CAPITALISTS, ANGEL INVESTORS, BIOTECHNOLOGY AND MEDICAL TECHNOLOGY EXECUTIVES, ENTREPRENEURS, UNIVERSITY REPRESENTATIVES AND OTHER INDUSTRY PROFESSIONALS. A PRIMARY AND IMMEDIATE GOAL OF THE CONFERENCE IS TO SHOWCASE EARLY-STAGE LIFE SCIENCE COMPANIES TO INVESTORS AND (CONTINUED ON SCHEDULE O) (CONT'D) CORPORATE PARTNERS WHO MAY BE INTERESTED IN FUNDING THEIR NEXT PHASE OF DEVELOPMENT. SINCE THE INVESTOR FORUM BEGAN IN 1999, OVER 700 COMPANIES HAVE PRESENTED AT SEBIO AND SEMDA (THE TWO ORGANIZATIONS THAT MERGED TO FORM SOUTHEAST LIFE SCIENCES). IN ADDITION, THE CONFERENCE OFFERS MULTIPLE EDUCATIONAL SESSIONS RELEVANT TO EMERGING LIFE SCIENCE COMPANIES. A LONG-TERM GOAL OF THE CONFERENCE IS TO STRENGTHEN AND GROW THE REGIONAL LIFE SCIENCE INDUSTRY BY ENCOURAGING INVESTMENT IN AND PARTNERSHIPS WITH SOUTHEAST-BASED COMPANIES.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $335,624

Investment Income $14

Other Revenue $786

TOTAL REVENUE $336,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,866

Fundraising Expenses $0

Other Expenses $319,981

TOTAL EXPENSES $328,847

Year-over-Year Comparison

	2022	2021	Change
Revenue	$336,424	$375,148	-0.1%
Expenses	$328,847	$466,066	-0.3%
Net Income	$7,577	$-90,918	-1.1%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE BURNES	CO-CHAIR, EXEC. COMMITTEE	2.00	Officer Director	$0	$0	$0
SCOTT MCCARTY	CO-CHAIR, EXEC. COMMITTEE	2.00	Officer Director	$0	$0	$0
TOM FAGLEY	TREASURER, EXEC. COMMITTEE	2.00	Officer Director	$0	$0	$0
TODD CREECH	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
KEN EHEMAN	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
ERIN FORD	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
KYP SIRINAKIS	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
AMY STURDIVANT	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
DAVE WHITE	EXECUTIVE COMMITTEE	1.00	Officer Director	$0	$0	$0
IBRAHEEM BADEJO	EXECUTIVE COMMITTEE	0.50	Officer Director	$0	$0	$0
BRIAN ADAMS	DIRECTOR	0.50	Director	$0	$0	$0
MARK BAXTER	DIRECTOR	0.50	Director	$0	$0	$0
ALI BEHBAHANI	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT BENSON	DIRECTOR	0.50	Director	$0	$0	$0
GERRY BRUNK	DIRECTOR	0.50	Director	$0	$0	$0
NANCY BRYAN	DIRECTOR	0.50	Director	$0	$0	$0
TOM CALLAWAY	DIRECTOR	0.50	Director	$0	$0	$0
JOE COOK III	DIRECTOR	0.50	Director	$0	$0	$0
DAVID DAY	DIRECTOR	0.50	Director	$0	$0	$0
MIKE DIAL	DIRECTOR	0.50	Director	$0	$0	$0
VIVIAN DOELLING	DIRECTOR	0.50	Director	$0	$0	$0
DONNA EDMONDS	DIRECTOR	0.50	Director	$0	$0	$0
HANNA EILKEN	DIRECTOR	0.50	Director	$0	$0	$0
SHERRY FARRUGIA	DIRECTOR	0.50	Director	$0	$0	$0
PAUL GIANNESCHI	DIRECTOR	0.50	Director	$0	$0	$0
JESSE GOODWIN	DIRECTOR	0.50	Director	$0	$0	$0
KARTHIK GOPALAKRISHNAN	DIRECTOR	0.50	Director	$0	$0	$0
LAURA GUNTER	DIRECTOR	0.50	Director	$0	$0	$0
ASHLEY HANCOCK	DIRECTOR	0.50	Director	$0	$0	$0
DAVID HARTNETT	DIRECTOR	0.50	Director	$0	$0	$0
LEE HERON	DIRECTOR	0.50	Director	$0	$0	$0
FRED KORNAHRENS	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW KROUSE	DIRECTOR	0.50	Director	$0	$0	$0
RACHEL LANE	DIRECTOR	0.50	Director	$0	$0	$0
JOE LEE	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS LYONS	DIRECTOR	0.50	Director	$0	$0	$0
SCOTT MCCAIG	DIRECTOR	0.50	Director	$0	$0	$0
JEFF MCINTYRE	DIRECTOR	0.50	Director	$0	$0	$0
CLIFF MICHAELS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN NEWBY	DIRECTOR	0.50	Director	$0	$0	$0
JIM O'CONNELL	DIRECTOR	0.50	Director	$0	$0	$0
DAN O'KORN	DIRECTOR	0.50	Director	$0	$0	$0
GRACE POWERS	DIRECTOR	0.50	Director	$0	$0	$0
KIP ROBERTS	DIRECTOR	0.50	Director	$0	$0	$0
AMY SALZHAUER	DIRECTOR	0.50	Director	$0	$0	$0
TODD SHERER	DIRECTOR	0.50	Director	$0	$0	$0
MARIA THACKER	DIRECTOR	0.50	Director	$0	$0	$0
ABBY TROTTER	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS WHITE	DIRECTOR	0.50	Director	$0	$0	$0
KRISTEN WOODRUM	DIRECTOR	0.50	Director	$0	$0	$0
KENDYLE WOODWARD	DIRECTOR	0.50	Director	$0	$0	$0
HUNTER YOUNG	DIRECTOR	0.50	Director	$0	$0	$0

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
2022	$336,424	$328,847	$30,201	$7,577
2021	$375,148	$466,066	$229,026	$-90,918
2020	$222,641	$235,730	$117,059	$-13,089
2019	$280,850	$348,357	$142,576	$-67,507
2018	$275,710	$327,973	$195,939	$-52,263