INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC (EIN 812546388) - 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

2016

Legal Domicile

Principal Officer

CURTIS SPROUSE

Phone

7812457773

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC, founded in 2016, is a small nonprofit in the Education sector that reported $360K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $529K exceeded revenue, resulting in a 47% operating deficit.

Mission

THE DEVELOPMENT AND DELIVERY OF EDUCATIONAL PROGRAMS FOR RESEARCHERS AND OTHER INNOVATORS TO IMPROVE PUBLIC HEALTH.

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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 $360,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $360,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $436,048

Other Expenses $529,369

TOTAL EXPENSES $529,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$360,000	$424,000	-0.2%
Expenses	$529,369	$334,698	+0.6%
Net Income	$-169,369	$89,302	-2.9%

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

N/A

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
CURTIS SPROUSE	PRESIDENT	5.00	Officer Director	$0	$0	$0
ANTHONY MANNING	CHAIRMAN OF THE BOARD OF D	5.00	Director	$0	$0	$0
HENRY SKINNER	DIRECTOR	5.00	Director	$0	$0	$0
GREGG FAIRBROTHERS	DIRECTOR	5.00	Director	$0	$0	$0
CHARLES YON	SECRETARY	5.00	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	$360,000	$529,369	$17,067	$-169,369
2022	$424,000	$334,698	$186,436	$89,302
2019	$339,600	$271,848	$98,408	$67,752

INSTITUTE FOR BIOMEDICAL ENTREPRENEURSHIP INC