Advanced Regenerative Manufacturing Institute Inc (EIN 813327581) - 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

Maureen Toohey

Phone

6036663905

Tax Period

2023-01-01 to 2023-12-31

Advanced Regenerative Manufacturing Institute Inc, founded in 2016, is a mid-sized nonprofit in the Community Improvement sector that reported $26.8M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

ARMI's mission is to support, develop, advance and promote the United States bioeconomy.

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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 $24,486,867

Program Service Revenue $2,229,394

Investment Income $102,808

Other Revenue $0

TOTAL REVENUE $26,819,069

Expense Breakdown

Grants Paid $11,333,391

Salaries & Benefits $7,026,216

Fundraising Expenses $0

Other Expenses $7,950,167

TOTAL EXPENSES $26,309,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,819,069	$30,061,391	-0.1%
Expenses	$26,309,774	$27,499,747	0.0%
Net Income	$509,295	$2,561,644	-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

150

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

$285,458

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dean Kamen	Executive Director	5.00	Officer Director	$0	$0	$0
Martine Rothblatt	Board Member	1.00	Director	$0	$0	$0
John Abele	Board Member	1.00	Director	$0	$0	$0
Jim Weinstein	Board Member	1.00	Director	$0	$0	$0
Blake Moret	Board Member	1.00	Director	$0	$0	$0
Maureen Toohey	Deputy Executive Director	15.00	Officer	$0	$0	$0
James Scott	Chief Administrative Officer	15.00	Officer	$0	$0	$0
Brendan Duffy	Treasurer	1.00	Officer	$0	$0	$0
Jennifer MacDonald	Chief Operating Officer	40.00	Officer	$257,584	$27,874	$285,458
Julie Lenzer	Chief Innovation Officer	40.00	Highest	$196,065	$24,973	$221,038
Richard McFarland	Chief Regulatory Officer	40.00	Highest	$194,203	$28,756	$222,959
Edward Gordon	BioFab Chief Operating Officer	40.00	Highest	$191,771	$43,112	$234,883
Karla Talanian	Past Chief Workforce Development Officer	40.00	Highest	$170,291	$4,034	$174,325
Michael Orrico	BioFab Startup Lab Manager	40.00	Highest	$166,835	$18,170	$185,005

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	$26,819,069	$26,309,774	$29,045,430	$509,295
2022	$30,061,391	$27,499,747	$28,649,661	$2,561,644
2022	$30,061,391	$27,499,747	$28,649,661	$2,561,644
2021	$26,561,020	$21,552,547	$22,637,554	$5,008,473
2020	$23,960,299	$19,549,108	$17,423,174	$4,411,191
2019	$10,942,647	$8,540,721	$9,593,362	$2,401,926
2018	$5,212,381	$2,704,457	$3,623,804	$2,507,924

Advanced Regenerative Manufacturing Institute Inc