BIONORTHTEXAS FOUNDATION

EIN: 833860748 501(c)(3) Medical Research

IRVING, TX

Total Revenue
$1,066,113
Total Expenses
$911,982
Total Assets
$418,310
Net Assets
$264,490
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
TX
Principal Officer
KATHLEEN OTTO-ROSENBLUM
Phone
8179529300
Tax Period
2024-01-01 to 2024-12-31

BIONORTHTEXAS FOUNDATION, founded in 2018, is a community nonprofit in the Medical Research sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $912K left a modest 14% surplus.

Mission

The BIONORTHTEXAS Foundation (BioNTX) is a Texas Membership Association designed to support company formation and industry growth in the bioscience sector. The organization spans 26 counties in North Texas and is committed to collaboration and helping small companies find the resources they need to bring their drug, device, or service (product) to market. BioNTX is the life science, biotechnology, and healthcare trade organization serving North Texas innovation through high level educational programming, professional development, collaborative networking, mentorship, Bioresource access, purchasing power, advocacy, and marketing. We are the Voice and Champion for North Texas bioscience and healthcare 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $504,512
Program Service Revenue $559,826
Investment Income $0
Other Revenue $1,775
TOTAL REVENUE $1,066,113

Expense Breakdown

Grants Paid $0
Salaries & Benefits $476,772
Fundraising Expenses $65,358
Program Expenses $748,587
Other Expenses $435,210
TOTAL EXPENSES $911,982

Year-over-Year Comparison

2024 2023 Change
Revenue $1,066,113 $749,465 +0.4%
Expenses $911,982 $695,995 +0.3%
Net Income $154,131 $53,470 +1.9%
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

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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
9
Independent Members
9
Employees
6
Volunteers
12

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
4
$215,525
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHLEEN OTTO-ROSENBLUM CEO 40.00
Officer
$214,954 $571 $215,525
JASON WIETJES Chairman 1.00
Officer Director
$0 $0 $0
THOMAS FAGLEY Treasurer 1.00
Officer Director
$0 $0 $0
KRISTIN LONERGAN Secretary 1.00
Officer Director
$0 $0 $0
ARTHUR CLAPP Director 1.00
Director
$0 $0 $0
MILTON DE LA PAZ Director 1.00
Director
$0 $0 $0
DAVID FOSTER Director 1.00
Director
$0 $0 $0
MAXWELL LEA Director 1.00
Director
$0 $0 $0
JORGE VARELA Director 1.00
Director
$0 $0 $0
JON WEIDANZ Director 1.00
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
2024 $1,066,113 $911,982 $418,310 $154,131
2023 $749,465 $695,995 $322,755 $53,470
2022 $421,657 $377,971 $196,090 $43,686
2021 $251,832 $193,348 $68,899 $58,484
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