AMERICAN LIFE SCIENCES INNOVATION COUNCIL

EIN: 800717451

OAKDALE, MN

Total Revenue
$30,000
Total Expenses
$153,311
Total Assets
N/A
Net Assets
N/A
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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
2011
Legal Domicile
DC
Principal Officer
MICHAEL SCHWARTZ
Phone
8004109534
Tax Period
2023-01-01 to 2023-12-31

AMERICAN LIFE SCIENCES INNOVATION COUNCIL, founded in 2011, is a micro nonprofit that reported $30K in total revenue in fiscal year 2023. Expenses of $153K exceeded revenue, resulting in a 411% operating deficit.

Mission

AMERICAN LIFE SCIENCES INNOVATION COUNCIL (ALSIC) WILL SHARE ITS RESEARCH AND POLICY POSITIONS WITH POLICYMAKERS AND ENCOURAGE ITS SUPPORTERS AND THE GENERAL PUBLIC TO COMMUNICATE THEIR VIEWS ON THESE ISSUES AT ALL LEVELS OF GOVERNMENT. ALSIC WILL SEEK THE COMMITMENT OF THESE POLICYMAKERS TO IMPLEMENT STATUTES, RULES AND REGULATIONS CONSISTENT WITH PRINCIPALS SUPPORTING LIFE SCIENCE INNOVATION.

Program Service Accomplishments

Program 1
Revenue: $30,000

PHARMACEUTICAL RESEARCH PROVIDED A GRANT FOR GENERAL OPERATIONS

Program 2
Expenses: $40,000

RPK CONSULTING - COORDINATION OF CONGRESSIONAL EDUCATION PROJECT REGARDING GOVERNMENTAL PANDEMIC PREPAREDNESS AND BIO-DEFENSE AUTHORITIES.

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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 $30,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $30,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,000
Other Expenses $153,311
TOTAL EXPENSES $153,311

Year-over-Year Comparison

2023 2022 Change
Revenue $30,000 N/A N/A
Expenses $153,311 $67,620 +1.3%
Net Income $-123,311 $-67,620 +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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE KNUTH DIRECTOR 0.50
Director
$0 $0 $0
DAVID MOHLER TREASURER & DIRECTOR 0.50
Officer Director
$0 $0 $0
H DEAN HART DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH DUNN PHD DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM HARRISON DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL SCHWARTZ PRESIDENT & DIRECTOR 0.50
Officer 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
2023 $30,000 $153,311 No data $-123,311
2022 No data $67,620 $123,311 No data
2021 $2,805,250 $2,848,446 $190,931 $-43,196
2020 $3,660,325 $3,689,700 $234,127 $-29,375
2019 $1,333,500 $1,258,548 $263,502 $74,952
2018 $3,726,487 $3,703,075 $188,550 $23,412
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