BIOMEDICAL RESEARCH FOUNDATION OF NORTHWEST LOUISIANA (EIN 581711612) - Form 990 Financial Analysis & Trantor Score

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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

1986

Legal Domicile

Principal Officer

JOHN F GEORGE MD

Phone

3187164108

Tax Period

2023-10-01 to 2024-09-30

BIOMEDICAL RESEARCH FOUNDATION OF NORTHWEST LOUISIANA, founded in 1986, is a mid-sized nonprofit in the Medical Research sector that reported $28.3M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.7M, a strong 31% operating margin.

Mission

OUR MISSION IS TO PROMOTE, ENCOURAGE, CARRY ON, AND AID IN THE CONDUCT AND COMMERCIALIZATION OF SCIENTIFIC INVESTIGATIONS AND TECHNOLOGY DEVELOPMENT; THE DEVELOPMENT AND IMPLEMENTATION OF NOVEL BUSINESS IDEAS AND PROCESSES; EDUCATION, TRAINING, AND ALLIED SUPPORTIVE ACTIVITIES; AND THE DEVELOPMENT OF A CULTURAL AND PHYSICAL ENVIRONMENT, ALL OF WHICH SHALL BE DIRECTED TOWARD ASSISTING THE REGION IN ATTRACTING NEW BUSINESSES OR IN RETAINING, STARTING, OR GROWING EXISTING BUSINESSES OR IN ANY OTHER ECONOMIC DEVELOPMENT ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,358,540

Program Service Revenue $19,485,195

Investment Income $5,435,982

Other Revenue $0

TOTAL REVENUE $28,279,717

Expense Breakdown

Grants Paid $734,652

Salaries & Benefits $7,959,587

Fundraising Expenses $390,867

Program Expenses $15,156,906

Other Expenses $10,935,009

TOTAL EXPENSES $19,629,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,279,717	$24,033,213	+0.2%
Expenses	$19,629,248	$20,025,567	0.0%
Net Income	$8,650,469	$4,007,646	+1.2%

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

N/A

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

$1,345,882

Total Directors

$780,226

Key Employees

$689,594

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GEORGE	CEO/PRESIDENT	43.00	Officer Director	$746,068	$34,158	$780,226
ARLENA ACREE	DIRECTOR	1.00	Director	$0	$0	$0
LENNIS S ELSTON CPA	PAST-CHAIRMAN	2.00	Officer Director	$0	$0	$0
BONNIE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
TERRY E MOORE	PAST-CHAIRMAN	2.00	Officer Director	$0	$0	$0
MALCOLM S MURHCISON	DIRECTOR	1.00	Director	$0	$0	$0
LINDA C SELL CPA	DIRECTOR	2.00	Director	$0	$0	$0
RALPH W TREY BAUCUM	DIRECTOR	1.00	Director	$0	$0	$0
ED CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$0
GRAHAM WALKER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PATRICK R JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
GRADY MORRISON	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CURTIS JOSEPH JR	DIRECTOR	1.00	Director	$0	$0	$0
BART ALEXANDER	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
WILLIAM LAVIGNE	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD J CRAWFORD III	DIRECTOR	1.00	Director	$0	$0	$0
JAMES DEAN	EXECUTIVE VP AND COO	49.00	Officer	$532,810	$32,846	$565,656
DAVID SMITH	EXECUTIVE DIRECTOR	42.00	Key Emp	$285,442	$17,609	$303,051
DAVID SCHMIDT	EXECUTIVE DIRECTOR	39.00	Key Emp	$192,906	$19,681	$212,587
JOHN MAZUR	DIRECTOR OF FINANCE (CFO)	40.00	Key Emp	$150,215	$23,741	$173,956
STEPHEN LOKITZ	DIRECTOR OF IMAGING SCIENC	39.00	Highest	$167,148	$28,694	$195,842
HILARY WOOLEY	CORPORATE COUNCIL	46.00	Highest	$146,086	$27,571	$173,657
JULIE MILAM	SR. FINANCIAL ANALYST	41.00	Highest	$173,102	$24,018	$197,120
PATRICK MURPHY	FACILITIES MANAGER	39.00	Highest	$118,631	$16,611	$135,242
RACHID NAZIH	SITE MANAGER	44.00	Highest	$133,724	$25,440	$159,164

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	$28,279,717	$19,629,248	$116,055,494	$8,650,469
2023	$24,033,213	$20,025,567	$107,996,382	$4,007,646
2022	$17,971,196	$20,005,287	$99,874,255	$-2,034,091
2021	$22,378,350	$19,630,132	$106,267,796	$2,748,218
2020	$18,099,045	$18,618,129	$106,015,556	$-519,084
2019	$25,377,866	$18,677,342	$105,944,919	$6,700,524
2018	$659,586,620	$621,332,520	$467,193,682	$38,254,100

BIOMEDICAL RESEARCH FOUNDATION OF NORTHWEST LOUISIANA