APPLIED BIOMEDICAL SCIENCE INSTITUTE (EIN 825056708) - 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

2018

Legal Domicile

Principal Officer

VAUGHN SMIDER

Phone

8583466300

Tax Period

2024-01-01 to 2024-12-31

APPLIED BIOMEDICAL SCIENCE INSTITUTE, founded in 2018, is a community nonprofit in the Medical Research sector that reported $4.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $4.3M left a modest 6% surplus.

Mission

PERFORM CUTTING EDGE BASIC AND TRANSLATIONAL RESEARCH ENABLING MEDICAL INNOVATION.

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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 $2,679,118

Program Service Revenue $1,948,368

Investment Income $-88,041

Other Revenue $18

TOTAL REVENUE $4,539,463

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,117,528

Fundraising Expenses $0

Program Expenses $3,170,490

Other Expenses $2,164,298

TOTAL EXPENSES $4,281,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,539,463	$4,081,942	+0.1%
Expenses	$4,281,826	$4,101,586	+0.0%
Net Income	$257,637	$-19,644	-14.1%

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

$192,406

Total Directors

$161,456

Key Employees

$399,516

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VAUGHN SMIDER	PRESIDENT	40.00	Officer Director	$146,222	$15,234	$161,456
RONALD MARTELL	BOARD MEMBER	1.50	Director	$0	$0	$0
JAMES LARRICK	BOARD MEMBER	1.50	Director	$0	$0	$0
DAVID RABUKA	BOARD MEMBER	1.50	Director	$0	$0	$0
PETER SLOVER	CHIEF FINANICAL OFFICER	10.00	Officer	$30,950	$0	$30,950
MARILYN DIAZ	ASSOCIATE PROFESSOR	40.00	Key Emp	$155,498	$21,007	$176,505
LAURENT VERKOCZY	PROFESSOR	40.00	Key Emp	$223,011	$0	$223,011
DUNCAN MCGREGOR	VICE PRESIDENT, RESEARCH	40.00	Highest	$122,412	$15,816	$138,228
CHARLES MELANCON	DIRECTOR OF CHEMICAL BIOLO	40.00	Highest	$108,298	$21,007	$129,305
RUIQI HUANG	RESEARCH FELLOW	40.00	Highest	$109,091	$17,425	$126,516

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	$4,539,463	$4,281,826	$2,583,136	$257,637
2023	$4,081,942	$4,101,586	$2,783,859	$-19,644
2022	$3,480,044	$3,496,560	$2,861,100	$-16,516
2021	$2,682,413	$2,578,837	$1,308,035	$103,576
2020	$1,425,569	$1,101,932	$871,362	$323,637
2019	$808,396	$821,276	$531,581	$-12,880
2018	$422,367	$139,530	$289,315	$282,837

APPLIED BIOMEDICAL SCIENCE INSTITUTE