ARIZONA BIOINDUSTRY ASSOCIATION INC

EIN: 860938465 Community Improvement

PHOENIX, AZ

Total Revenue
$835,183
Total Expenses
$844,035
Total Assets
$507,551
Net Assets
$400,485
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
AZ
Principal Officer
JOAN KOERBER-WALKER
Phone
4807798101
Tax Period
2025-01-01 to 2025-12-31

ARIZONA BIOINDUSTRY ASSOCIATION INC, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $835K in total revenue in fiscal year 2025.

Mission

ARIZONA BIOINDUSTRY ASSOCIATION (AZBIO) IS THE STATEWIDE BIOINDUSTRY TRADE ASSOCIATION AND UNIFIES, EMPOWERS AND ADVANCES ITS MEMBERS. AZBIO ENHANCES THE ENVIRONMENT TO MAKE ARIZONA A PLACE WHERE HEALTH INNOVATION AND BIOSCIENCE COMPANIES CAN GROW AND SUCCEED.

Program Service Accomplishments

Program 1
Expenses: $844,035 Revenue: $112,098

ARIZONA BIOINDUSTRY ASSOCIATION FACILITATED DEVELOPMENT AND EXPANSION OF THE LIFE SCIENCE INDUSTRY THROUGH VARIOUS EDUCATION SEMINARS AND NETWORKING EVENTS HELD THROUGHOUT ARIZONA. IN ADDITION TO...

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ARIZONA BIOINDUSTRY ASSOCIATION FACILITATED DEVELOPMENT AND EXPANSION OF THE LIFE SCIENCE INDUSTRY THROUGH VARIOUS EDUCATION SEMINARS AND NETWORKING EVENTS HELD THROUGHOUT ARIZONA. IN ADDITION TO MONETARY SUPPORT, THE ORGANIZATION RECEIVED $36,000 IN IN-KIND SERVICES TO HELP SUPPORT THE EXPANSION OF THE LIFE SCIENCE INDUSTRY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $718,859
Program Service Revenue $112,098
Investment Income $4,226
Other Revenue $0
TOTAL REVENUE $835,183

Expense Breakdown

Grants Paid $261,257
Salaries & Benefits $230,764
Fundraising Expenses $0
Program Expenses $844,035
Other Expenses $352,014
TOTAL EXPENSES $844,035

Year-over-Year Comparison

2025 2024 Change
Revenue $835,183 $874,100 0.0%
Expenses $844,035 $878,000 0.0%
Net Income $-8,852 $-3,900 +1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
36
Independent Members
35
Employees
2
Volunteers
72

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
9
$214,820
Total Directors
36
$214,820
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOAN KOERBER-WALKER PRESIDENT & CEO 60.00
Officer Director
$210,845 $3,975 $214,820
KRISTEN SWINGLE EXECUTIVE COMMITTEE 2.00
Officer Director
$0 $0 $0
KEVIN PARKER CHAIR 6.00
Officer Director
$0 $0 $0
HARISH ANKARAJU TREASURER 4.00
Officer Director
$0 $0 $0
JEFF VALLERGA SECRETARY 2.00
Officer Director
$0 $0 $0
JASON JARDINE EXECUTIVE COMMITTEE 2.00
Officer Director
$0 $0 $0
KYLE WESLEY EXECUTIVE COMMITTEE 2.00
Officer Director
$0 $0 $0
RUSS YELTON EXECUTIVE COMMITTEE 2.00
Officer Director
$0 $0 $0
MARA ASPINALL DIRECTOR 1.00
Director
$0 $0 $0
KIRAN AVANCHA DIRECTOR 1.00
Director
$0 $0 $0
JAMES BATES DIRECTOR 1.00
Director
$0 $0 $0
TONY CALDWELL EXECUTIVE COMMITTEE 2.00
Officer Director
$0 $0 $0
DAVID DEXTER DIRECTOR 1.00
Director
$0 $0 $0
TOM EISIMINGER DIRECTOR 1.00
Director
$0 $0 $0
REBECCA EWALD PHD DIRECTOR 1.00
Director
$0 $0 $0
RENAE FRANZ DIRECTOR 1.00
Director
$0 $0 $0
SHANNON GROPPENBACHER DIRECTOR 1.00
Director
$0 $0 $0
MARYANN GUERRA DIRECTOR 1.00
Director
$0 $0 $0
MATT HUTCHINGS DIRECTOR 1.00
Director
$0 $0 $0
STEVEN LESTER MD DIRECTOR 1.00
Director
$0 $0 $0
ELLIOTT MUFSON PHD DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN MUNK PHD DIRECTOR 1.00
Director
$0 $0 $0
MARY O'REILLY PHD DIRECTOR 1.00
Director
$0 $0 $0
STEVEN POTTS PHD DIRECTOR 1.00
Director
$0 $0 $0
ALEX TESSMER DIRECTOR 1.00
Director
$0 $0 $0
NATHAN TREMBATH DIRECTOR 1.00
Director
$0 $0 $0
SANDRA WATSON DIRECTOR 1.00
Director
$0 $0 $0
CLAUDIA WHITEHEAD DIRECTOR 1.00
Director
$0 $0 $0
JANINE LOBELLO DO DIRECTOR 1.00
Director
$0 $0 $0
CHARLES MCWILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
TYLER BONAR DIRECTOR 1.00
Director
$0 $0 $0
JACOB BUSCH DIRECTOR 1.00
Director
$0 $0 $0
WILLY DAVISON DIRECTOR 1.00
Director
$0 $0 $0
DAN KASPRZYK DIRECTOR 1.00
Director
$0 $0 $0
PATRICK SCHNEGELSBERG DIRECTOR 1.00
Director
$0 $0 $0
VIGNESH SUBBIAN PHD 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
2025 $835,183 $844,035 $507,551 $-8,852
2024 $874,100 $878,000 $495,333 $-3,900
2023 $926,808 $923,975 $489,931 $2,833
2022 $932,237 $928,627 $611,594 $3,610
2021 $813,449 $805,609 $529,622 $7,840
2020 $808,896 $681,975 $476,714 $126,921
2019 $737,563 $651,466 $396,569 $86,097
2018 $521,850 $427,642 $236,434 $94,208
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