THE BIOTECHNOLOGY ASSOCIATION OF ALABAMA (EIN 631192160) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

DR JEREMY BANKS

Phone

2059192370

Tax Period

2023-01-01 to 2023-12-31

THE BIOTECHNOLOGY ASSOCIATION OF ALABAMA, founded in 1997, is a small nonprofit in the Science & Technology sector that reported $301K in total revenue in fiscal year 2022. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $90K, a strong 30% operating margin.

Mission

THE MISSION OF BIO ALABAMA IS TO PROMOTE BIOTECHNOLOGY INNOVATION BY CREATING A FAVORABLE SCIENTIFIC, BUSINESS AND LEGISLATIVE ENVIRONMENT THAT WILL FACILITATE THE GROWTH OF EMERGING AND EXISTING COMPANIES WHILE ATTRACTING NEW BIOTECHNOLOGY OPPORTUNITIES TO ALABAMA AND TO INCREASE PUBLIC AWARENESS REGARDING THE POTENTIAL IMPACT ON QUALITY-OF-LIFE AND THE STATE'S ECONOMY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $303,845

Program Service Revenue $177,669

Investment Income $965

Other Revenue $315

TOTAL REVENUE $482,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,405

Fundraising Expenses $0

Other Expenses $221,113

TOTAL EXPENSES $349,518

Year-over-Year Comparison

	2023	2022	Change
Revenue	$482,794	$300,523	+0.6%
Expenses	$349,518	$210,419	+0.7%
Net Income	$133,276	$90,104	+0.5%

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

$95,265

Total Directors

$95,265

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY STURDIVANT	BOARD CHAIR	0.20	Director	$0	$0	$0
AMENDI STEPHENS	DIRECTOR	0.20	Director	$0	$0	$0
BILL DEAN	DIRECTOR	0.20	Director	$0	$0	$0
C VIVEK LAL	DIRECTOR	0.20	Director	$0	$0	$0
BOB SHUFFLEBARGER	DIRECTOR	0.20	Director	$0	$0	$0
CAROLYN TURNER	DIRECTOR	0.20	Director	$0	$0	$0
CHARLIE TAYLOR	DIRECTOR	0.20	Director	$0	$0	$0
DAN BLAKLEY	DIRECTOR	0.20	Director	$0	$0	$0
DEL SMITH	DIRECTOR	0.20	Director	$0	$0	$0
HANS THULLESON	DIRECTOR	0.20	Director	$0	$0	$0
DEBRA MORGAN	DIRECTOR	0.20	Director	$0	$0	$0
BRUCE KORF	DIRECTOR	0.20	Director	$0	$0	$0
ALEX CATE	DIRECTOR	0.20	Director	$0	$0	$0
LATONYA KING	DIRECTOR	0.20	Director	$0	$0	$0
GREGORY GROSSMAN	DIRECTOR	0.20	Director	$0	$0	$0
GWEN FEWELL	DIRECTOR	0.20	Director	$0	$0	$0
JARED SHARP	DIRECTOR	0.20	Director	$0	$0	$0
JAY DAILY	DIRECTOR	0.20	Director	$0	$0	$0
JENNIFER RIGGS-SAUTHIER	DIRECTOR	0.20	Director	$0	$0	$0
KARIM BUDHWANI	DIRECTOR	0.20	Director	$0	$0	$0
KARTHIK GOPALAKRISHNAN	DIRECTOR	0.20	Director	$0	$0	$0
LLOYD WALKER	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL LYNCH	DIRECTOR	0.20	Director	$0	$0	$0
NICK LANDAU	DIRECTOR	0.20	Director	$0	$0	$0
REBECCA VAUGHT	DIRECTOR	0.20	Director	$0	$0	$0
SAKSHAM NARANG	DIRECTOR	0.20	Director	$0	$0	$0
TIM TURNER	DIRECTOR	0.20	Director	$0	$0	$0
TIM TYSON	DIRECTOR	0.20	Director	$0	$0	$0
JEREMY D BLANKS	CEO	40.00	Officer Director	$95,265	$0	$95,265
ROB TERRY	DIRECTOR	0.20	Director	$0	$0	$0
WILLIAM REICHERT	DIRECTOR	0.20	Director	$0	$0	$0
ROGER GRABEN	DIRECTOR	0.20	Director	$0	$0	$0
TONY SANDER	DIRECTOR	0.20	Director	$0	$0	$0
REBECCA J BOOHAKER	DIRECTOR	0.20	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
2024	No data	No data	No data	No data
2023	$482,794	$349,518	$475,134	$133,276
2022	$300,523	$210,419	$330,750	$90,104

THE BIOTECHNOLOGY ASSOCIATION OF ALABAMA