Biologic Association

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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

2019

Legal Domicile

Phone

8472922262

Tax Period

2024-01-01 to 2024-12-31

Biologic Association, founded in 2019, is a micro nonprofit in the Medical Research sector that reported $96K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $19K, a strong 19% operating margin.

Mission

TO FOSTER AND CONVENE A COLLABORATION FOR SHARED AND COORDINATED EFFORTS TO SPEAK WITH A UNIFIED VOICE IN THE MUSCULOSKELETAL BIOLOGICS ENVIRONMENT, ADVOCATING FOR THE RESPONSIBLE USE OF BIOLOGICS IN CLINICAL PRACTICE, SPEARHEADING STANDARDS DEVELOPMENT, AND ASSESSING AND REPORTING ON THE SAFETY AND EFFICACY OF BIOLOGIC INTERVENTIONS.

Program Service Accomplishments

Program 1

Expenses: $77,051 Revenue: $70,000

COLLABORATION FOR COORDINATED EFFORTS IN THE MUSCULOSKELETAL BIOLOGICS ENVIRONMENT, ADVOCATING FOR CLINICAL PRACTICE, STANDARDS DEVELOPMENT, ASSESSING AND REPORTING ON THE SAFETY AND EFFICACY OF...

COLLABORATION FOR COORDINATED EFFORTS IN THE MUSCULOSKELETAL BIOLOGICS ENVIRONMENT, ADVOCATING FOR CLINICAL PRACTICE, STANDARDS DEVELOPMENT, ASSESSING AND REPORTING ON THE SAFETY AND EFFICACY OF BIOLOGIC INTERVENTIONS.

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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 $15,000

Program Service Revenue $70,000

Investment Income $0

Other Revenue $11,127

TOTAL REVENUE $96,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,051

Other Expenses $77,522

TOTAL EXPENSES $77,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,127	$222,925	-0.6%
Expenses	$77,522	$135,338	-0.4%
Net Income	$18,605	$87,587	-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

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
Brian Cole	Co-Chair	2.0	Officer Director	$0	$0	$0
Elizaveta Kon MD	Secretary General	2.0	Officer Director	$0	$0	$0
Scott Rodeo	Co-Chair	2.0	Officer Director	$0	$0	$0
Shane Shapiro	Immediate Past Chair	2.0	Officer Director	$0	$0	$0
Adam Anz	Director	2.0	Director	$0	$0	$0
Christian Lattermann	Director	2.0	Director	$0	$0	$0
FRANK PETRIGLIANO	DIRECTOR	2.0	Director	$0	$0	$0
Louis McIntyre	Director	2.0	Director	$0	$0	$0
Nathaniel Nye	Director	2.0	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	$96,127	$77,522	$361,998	$18,605
2023	$222,925	$135,338	$343,393	$87,587
2022	$219,089	$159,917	$265,806	$59,172
2021	$213,350	$121,222	$196,634	$92,128