BIOMEDICAL RESEARCH AND INNOVATION PARK

EIN: 861278770 501(c)(3) Community Improvement

MONROE, LA

Total Revenue
$2,184,324
Total Expenses
$102,791
Total Assets
$9,389,186
Net Assets
$8,808,526
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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
2021
Legal Domicile
LA
Phone
5044514496
Tax Period
2025-01-01 to 2025-12-31

BIOMEDICAL RESEARCH AND INNOVATION PARK, founded in 2021, is a community nonprofit in the Community Improvement sector that reported $2.2M in total revenue in fiscal year 2025. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.1M, a strong 95% operating margin.

Mission

The mission of the Biomedical Research and Innovation Park is to stimulate the establishment and growth of biotechnology start-up companies and other technology-based businesses. By fulfilling this mission, The Biomedical Research and Innovation Park will contribute to advances in health care, rural health care, public health, biotechnology as well as job creation and enhanced economic health to the region. The Biomedical Research and Innovation Park will be an integral part of the vision of the University of Louisiana at Monroe, Edward Via College of Osteopathic Medicine and the economic development vision of the region as well as facilitating technology transfer and commercialization by the faculty and researchers at area universities and colleges.

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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 $2,126,883
Program Service Revenue $0
Investment Income $57,441
Other Revenue $0
TOTAL REVENUE $2,184,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $102,791
TOTAL EXPENSES $102,791

Year-over-Year Comparison

2025 2024 Change
Revenue $2,184,324 $3,765,222 -0.4%
Expenses $102,791 $104,112 0.0%
Net Income $2,081,533 $3,661,110 -0.4%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE HOLYFIELD Chairman 20.00
Officer Director
$0 $0 $0
JADE WEST Board Member 1.00
Director
$0 $0 $0
SUSAN NICHOLSON Secretary/Treas 5.00
Officer Director
$0 $0 $0
VIRENDRA CHHIKARA Executive Dir. 5.00
Officer Director
$0 $0 $0
DR CARRIE CASTILLE Board Member 1.00
Director
$0 $0 $0
ARTHUR COOPER Board Member 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 $2,184,324 $102,791 $9,389,186 $2,081,533
2024 No data No data No data No data
2023 $211,934 $123,739 $3,082,758 $88,195
2022 $2,050,000 $128,391 $2,986,688 $1,921,609
2021 $1,152,000 $95,921 $1,056,079 $1,056,079
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