BIOINDUSTRIAL MANUFACTURING AND DESIGN ECOSYSTEM INC (EIN 851800999) - 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

2020

Legal Domicile

Principal Officer

DOUGLAS FRIEDMAN

Phone

6518676588

Tax Period

2023-10-01 to 2024-09-30

BIOINDUSTRIAL MANUFACTURING AND DESIGN ECOSYSTEM INC, founded in 2020, is a mid-sized nonprofit in the Community Improvement sector that reported $65.1M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

BIOMADE IS SECURING AMERICA'S FUTURE THROUGH BIOINDUSTRIAL MANUFACTURING INNOVATION, EDUCATION, AND COLLABORATION.

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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 $61,939,013

Program Service Revenue $2,462,004

Investment Income $8,983

Other Revenue $654,086

TOTAL REVENUE $65,064,086

Expense Breakdown

Grants Paid $42,339,719

Salaries & Benefits $15,221,067

Fundraising Expenses $0

Program Expenses $56,781,234

Other Expenses $10,482,417

TOTAL EXPENSES $68,043,203

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,064,086	$45,962,058	+0.4%
Expenses	$68,043,203	$44,856,175	+0.5%
Net Income	$-2,979,117	$1,105,883	-3.7%

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

$1,847,197

Total Directors

$671,037

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS FRIEDMAN	PRESIDENT/CEO & CHAIR	50.00	Officer Director	$640,011	$31,026	$671,037
KRISTALA JONES PRATHER	VICE CHAIR	0.25	Officer Director	$0	$0	$0
VIRGINIA URSIN	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTOPHER J CRAMER	DIRECTOR	0.25	Director	$0	$0	$0
RICHARD JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
JAY D KEASLING	DIRECTOR	0.25	Director	$0	$0	$0
DIANE PIEROTTI	CFOO/TREASURER	40.00	Officer	$367,741	$18,629	$386,370
JAYNE LAIPRASERT	SECRETARY	45.00	Officer	$341,100	$29,465	$370,565
MELANIE M TOMCZAK	CHIEF TECHNOLOGY OFFICER	40.00	Officer	$370,431	$48,794	$419,225
JILL ZULLO	COO (SINCE AUG '24)	40.00	Officer	$0	$0	$0
STEVEN L EVANS	SENIOR TECHNICAL FELLOW	40.00	Highest	$216,698	$14,689	$231,387
THOMAS C TUBON	CHIEF ECONOMIC & WORKFORCE DEVELOPMENT OFFICER	40.00	Highest	$212,941	$23,098	$236,039
ANDREW EICHENBAUM	SENIOR DIRECTOR OF DATA SCIENCE	40.00	Highest	$212,220	$28,165	$240,385
CHRIS DUNLAP	DIRECTOR OF INFORMATION SYSTEMS	40.00	Highest	$208,831	$20,127	$228,958
JULIE PELLETIER	DIRECTOR OF CONTRACTS & AGREEMENTS	40.00	Highest	$204,143	$32,416	$236,559

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	$65,064,086	$68,043,203	$37,608,591	$-2,979,117
2023	$45,962,058	$44,856,175	$48,183,250	$1,105,883
2022	$12,257,273	$10,676,535	$11,103,807	$1,580,738
2021	$1,995,416	$1,834,435	$2,245,896	$160,981
2021	$1,392,935	$1,283,705	$2,428,407	$109,230

BIOINDUSTRIAL MANUFACTURING AND DESIGN ECOSYSTEM INC