BIOFLORIDA INC (EIN 593436638) - 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

1997

Legal Domicile

Principal Officer

MARK GLICKMAN

Phone

5616533839

Tax Period

2023-01-01 to 2023-12-31

BIOFLORIDA INC, founded in 1997, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $1.7M left a modest 10% surplus.

Mission

BIOFLORIDA IS THE VOICE OF FLORIDA'S LIFE SCIENCES INDUSTRY, REPRESENTING 8,600 ESTABLISHMENTS AND RESEARCH ORGANIZATIONS IN THE BIOPHARMACEUTICAL, MEDICAL TECHNOLOGY, AND DIGITAL HEALTH SECTORS THAT COLLECTIVELY EMPLOY 107,000 FLORIDIANS.

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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 $0

Program Service Revenue $1,820,300

Investment Income $62,788

Other Revenue $2,657

TOTAL REVENUE $1,885,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $984,527

Fundraising Expenses $0

Other Expenses $722,067

TOTAL EXPENSES $1,706,594

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,885,745	$2,198,151	-0.1%
Expenses	$1,706,594	$1,459,428	+0.2%
Net Income	$179,151	$738,723	-0.8%

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

$316,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT FINIZIO	CHAIRMAN	5.00	Officer Director	$0	$0	$0
CHARLES BRUCE	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
ADAM HUNTER	TREASURER	2.00	Officer Director	$0	$0	$0
GREGORY NELSON	SECRETARY	2.00	Officer Director	$0	$0	$0
RAQUEL RODRIGUEZ	LEGAL COUNSEL	2.00	Officer Director	$0	$0	$0
STACY ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
MATT PA BELLEFLEUR PHD	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS CALDER	DIRECTOR	1.00	Director	$0	$0	$0
CARLA CALIZAIRE	DIRECTOR	1.00	Director	$0	$0	$0
MARIO CARRANZA	DIRECTOR	1.00	Director	$0	$0	$0
KATHY I CHIU	DIRECTOR	1.00	Director	$0	$0	$0
AMY CHRISTIAN	DIRECTOR	1.00	Director	$0	$0	$0
DVIR COHEN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN DORN PHD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS EQUELS	DIRECTOR	1.00	Director	$0	$0	$0
TRACY GOEKEN MD	DIRECTOR	1.00	Director	$0	$0	$0
EMILY GRESHAM	DIRECTOR	1.00	Director	$0	$0	$0
ADAM GROSSMAN	DIRECTOR	1.00	Director	$0	$0	$0
WA'EL HASHAD	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HERZOG	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HICKMAN PHD	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH P IANNOTTI PHD	DIRECTOR	1.00	Director	$0	$0	$0
NORMA SUE KENYON PHD	DIRECTOR	1.00	Director	$0	$0	$0
EDGAR LEBRON-RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE MCDEVITT	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JIM O'CONNELL	DIRECTOR	1.00	Director	$0	$0	$0
JARETT RIEGER	DIRECTOR	1.00	Director	$0	$0	$0
JOE SARDANO	DIRECTOR	1.00	Director	$0	$0	$0
SVETLANA SHTROM PHD	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SMITH	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY BATES SNOW	DIRECTOR	1.00	Director	$0	$0	$0
MARK STRONG	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY TATE PHD	DIRECTOR	1.00	Director	$0	$0	$0
AMY VAN SACH	DIRECTOR	1.00	Director	$0	$0	$0
JUAN CARLOS VARELA	DIRECTOR	1.00	Director	$0	$0	$0
SUE WASHER	DIRECTOR	1.00	Director	$0	$0	$0
JULIE WATSON LAMPLEY	DIRECTOR	1.00	Director	$0	$0	$0
NANCY BRYAN	PRESIDENT & CEO THROUGH 12/08/23	40.00	Officer	$269,052	$42,632	$311,684
MARK GLICKMAN	PRESIDENT & CEO FROM 12/08/23	40.00	Officer	$4,712	$0	$4,712
TARA ANN COLEMAN	COO	40.00	Highest	$154,606	$49,618	$204,224

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	$1,885,745	$1,706,594	$3,107,205	$179,151
2022	$2,198,151	$1,459,428	$2,908,507	$738,723
2021	$1,741,155	$1,121,238	$2,140,997	$619,917
2020	$1,007,557	$788,042	$1,501,100	$219,515
2019	$1,212,071	$946,946	$1,291,902	$265,125
2018	$1,108,045	$874,049	$1,049,596	$233,996

BIOFLORIDA INC