BIGHORN BASIN PALEOTOLOGICAL INSTI… - Form 990 Financial Data

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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

2017

Principal Officer

JASON P SCHEIN

Phone

6109961055

Tax Period

2024-01-01 to 2024-12-31

BIGHORN BASIN PALEOTOLOGICAL INSTITUTE, founded in 2017, is a small nonprofit in the Science & Technology sector that reported $636K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103K, a strong 16% operating margin.

Mission

ORGANIZATION DEDICATED TO PALENTOLOGY AND EARTH SCIENCE RESEARCH, EDUCATION, AND OUTREACH. THE UNIVERSAL APPEAL OF DINOSAURS AND PALEONTOLOGY TO ENGAGE PEOPLE OF ALL INTEREST LEVELS AND BACKGROUNDS.

Program Service Accomplishments

Program 1

Expenses: $350,527

OUR BIGGEST ANNUAL PROGRAM IS THE PUBLIC SUMMER FIELD EXPEDITION; WE HOST PEOPLE FROM AROUND THE WORLD IN SOUTHERN MONTANA TO HELP US FIND AND EXCAVATE MOSTLY DINOSAUR FOSSILS. AS PART OF THIS...

OUR BIGGEST ANNUAL PROGRAM IS THE PUBLIC SUMMER FIELD EXPEDITION; WE HOST PEOPLE FROM AROUND THE WORLD IN SOUTHERN MONTANA TO HELP US FIND AND EXCAVATE MOSTLY DINOSAUR FOSSILS. AS PART OF THIS PROGRAM , WE TEACH A (3) CREDIT COLLEGE COURSE IN THE "FIELD OF PALEONTOLOGY " THROUGH ROCKY MOUNTAIN COLLEGE IN BILLINGS MT. BBPI HOSTS HIGH SCHOOLERS WITH INTEREST IN EARTH SCIENCES THROUGH A DREXE UNIVERSITY-SPONSORED PROGRAM CALLED DESLA ( DREXEL ENVIRNMENTAL SCIENCE LEADERSHIP ACADEMY ). ALL FOSSILS ARE RETURNED TO OUR FOSSILS PREP LAB AT THE ACADEMY OF NATURAL SCIENCES IN PHILADELPHIA PA. THE FOSSILES ARE THEN PREPARED, CONSERVED, AND USED FOR EDUCATION THROUGHOUT OUR OUTREACH PROGRAMS.

Program 2

Expenses: $75,078

THE INSTITUTE CREATES AND HOSTS A DIVERSE SLATE OF EDUCATIONAL AND OUTREACH PROGRAMMING IN THE EARTH AND SCIENCES FOR ALL PEOPLE OF ALL AGES. THESE PROGRAMS ARE OFFERED THROUGHOUT THE YEAR IN THE TRI STATE SURROUNDING PHILIDELPHIA PA, SOUHERN CENTRAL MT AND NORTH CENTRAL WY DURING SUMMERS. MOST OF THESE PROGRAMS ARE OFFERED FOR NO FEES AND ARE SUPPORTED MOSTLY THROUGH REVENUE FROM THE ANNUAL SUMMER FIELD EXPEDITIONS, GRANTS DONATIONS AND MEMBERSHIP FEES.

Program 3

Expenses: $75,078

THE INSTITUTES PALENONTOGOLISTS CONDUCT SCIENTIFIC RESEARCH ON THE SPECIMENS COLLECTED DURING SUMMER EXPEDITIONS. WE ALSO PROVIDE SPECIMENS AND ASSISTANCE TO VISITING RESEARCHERS AND STUDENTS DURING THE SUMMER RESEARCH EXPEDITIONS. THE INSTITUTES PALENONTOLOGISTS PRESENT RESEARCH AT PROFESSIONAL CONFERENCES EACH YEAR AND PUBLISH IN PEER AND NON PPER REVIEWED PUBLICATIONS. ALL RESEARCH WORK IS SUPPORTED BY DONATIONS, MEMBERSHIP FEES, AND SUMMER EXPEDITIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $209,007

Program Service Revenue $391,776

Investment Income $37,496

Other Revenue $-2,154

TOTAL REVENUE $636,125

Expense Breakdown

Grants Paid $160

Salaries & Benefits $267,313

Fundraising Expenses $0

Program Expenses $500,683

Other Expenses $265,858

TOTAL EXPENSES $533,331

Year-over-Year Comparison

	2024	2023	Change
Revenue	$636,125	$498,574	+0.3%
Expenses	$533,331	$485,674	+0.1%
Net Income	$102,794	$12,900	+7.0%

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

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

$95,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN MELLINGER	DIRECTOR	2.00	Officer Director	$0	$0	$0
WILLIAM J SHANNKLE	DIRECTOR	2.00	Officer Director	$0	$0	$0
BENJAMIN STAHL	DIRECTOR	2.00	Officer Director	$0	$0	$0
STEVE GIBBS	TREASURER	2.00	Officer	$0	$0	$0
GUY GSELL	SECRETARY	2.00	Officer	$0	$0	$0
TIMSHEL PURDUM	VICE PRESIDE	2.00	Officer	$0	$0	$0
HANNAH RANSOM	PRESIDENT	2.00	Officer	$0	$0	$0
JASON P SCHEIN	EXECUTIVE DI	40.00	Officer	$95,300	$0	$95,300

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	$636,125	$533,331	$832,444	$102,794
2023	$498,574	$485,674	$728,403	$12,900
2021	$878,566	$322,963	$668,638	$555,603
2020	$291,030	$201,165	$142,340	$89,865

BIGHORN BASIN PALEOTOLOGICAL INSTITUTE