BIOLOGICAL MEDICINE INSTITUTE

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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

2022

Legal Domicile

Principal Officer

COLIN BARRY

Phone

4014434007

Tax Period

2024-01-01 to 2024-12-31

BIOLOGICAL MEDICINE INSTITUTE, founded in 2022, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Net assets of $4.3M represent 32 months of operating reserves.

Mission

BIOLOGICAL MEDICINE INSTITUTE'S MISSION IS TO ADDRESS SEVERAL CRITICAL ASPECTS OF THE CURRENT HEALTH CARE CRISIS. WE ARE COMMITTED TO PROVIDING AFFORDABLE HIGH QUALITY INTEGRATIVE HEALTHCARE AND TO EMPOWERING OUR PATIENTS TOWARDS GREATER PARTICIPATION IN AND ADVOCACY FOR THEIR OWN HEALTH AND WELLNESS THROUGH EDUCATION AND COUNSELING.

Program Service Accomplishments

Program 1

Expenses: $105,894 Revenue: $26,691

THE DENTAL DEPARTMENT, ALSO REFERRED TO AS A DENTAL CLINIC OR PRACTICE, IS A HEALTHCARE FACILITY WHERE DENTISTS AND THEIR SUPPORTING STAFF PROVIDE ORAL HEALTH TREATMENTS AND PROCEDURES TO PATIENTS...

THE DENTAL DEPARTMENT, ALSO REFERRED TO AS A DENTAL CLINIC OR PRACTICE, IS A HEALTHCARE FACILITY WHERE DENTISTS AND THEIR SUPPORTING STAFF PROVIDE ORAL HEALTH TREATMENTS AND PROCEDURES TO PATIENTS, INCLUDING ROUTINE CHECKUPS, CLEANINGS, FILLINGS, ROOT CANALS, CROWNS, AND MORE, BY UTILIZING SPECIALIZED DENTAL EQUIPMENT IN A DEDICATED TREATMENT AREA, WITH A FOCUS ON PREVENTATIVE CARE AND PATIENT EDUCATION.

Program 2

Expenses: $185,205 Revenue: $46,682

THE CONSULTATION PROCESS INCLUDES A DOCTOR CONSULT, ALSO KNOWN AS A PHYSICIAN CONSULTATION, IS A MEETING BETWEEN A PATIENT AND DOCTOR WHERE THE PATIENT DISCUSSES THEIR HEALTH CONCERNS, THE DOCTOR...

THE CONSULTATION PROCESS INCLUDES A DOCTOR CONSULT, ALSO KNOWN AS A PHYSICIAN CONSULTATION, IS A MEETING BETWEEN A PATIENT AND DOCTOR WHERE THE PATIENT DISCUSSES THEIR HEALTH CONCERNS, THE DOCTOR CONDUCTS A MEDICAL EXAMINATION (IF NECESSARY), AND TOGETHER THEY WORK TO REACH A DIAGNOSIS, DEVELOP A TREATMENT PLAN, AND ADDRESS ANY QUESTIONS THE PATIENTMAY HAVE ABOUT THEIR HEALTH CONDITION.

Program 3

Expenses: $1,332,374 Revenue: $335,833

THE MEDICAL THERAPIES DEPARTMENT WITHIN A HEALTHCARE FACILITY IS A SPECIALIZED UNIT FOCUSED ON PROVIDING VARIOUS THERAPEUTIC TREATMENTS TO PATIENTS, AIMING TO RESTORE FUNCTION, MANAGE PAIN, AND...

THE MEDICAL THERAPIES DEPARTMENT WITHIN A HEALTHCARE FACILITY IS A SPECIALIZED UNIT FOCUSED ON PROVIDING VARIOUS THERAPEUTIC TREATMENTS TO PATIENTS, AIMING TO RESTORE FUNCTION, MANAGE PAIN, AND IMPROVE OVERALL HEALTH THROUGH MODALITIES. DEPENDING ON THE FACILITY AND PATIENT NEEDS;ESSENTIALLY, IT'S A DEDICATED AREA WHERE PATIENTS RECEIVE HANDS-ON CARE TO ADDRESS PHYSICAL LIMITATIONS OR DISABILITIES CAUSED BY INJURY, ILLNESS, OR SURGERY, OFTEN WORKING COLLABORATIVELY WITH OTHER HEALTHCARE PROFESSIONALS TO DEVELOP INDIVIDUALIZED TREATMENT PLANS. THERAPIES INCLUDE AND ARE NOT LIMITED TO AMP COILS, BIA, EWOT, FLOWPRESSO, FOOTBATH, HEMOSONIC, HRV, IVS, LASERS, LUMICEUTICALS, HBOT, SINGLET, SONIX, SOUNDBED, THERMOMETRY, ZYTO, ETC.

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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 $1,221,636

Program Service Revenue $0

Investment Income $63

Other Revenue $409,143

TOTAL REVENUE $1,630,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $869,952

Fundraising Expenses $0

Program Expenses $1,623,473

Other Expenses $753,521

TOTAL EXPENSES $1,623,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,630,842	$3,649,030	-0.6%
Expenses	$1,623,473	$3,632,068	-0.6%
Net Income	$7,369	$16,962	-0.6%

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

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

$57,230

Total Directors

$111,230

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLIN BARRY	PRESIDENT	1.00	Officer Director	$57,230	$0	$57,230
MICHAEL BALDWIN	TREASURER	1.00	Officer Director	$0	$0	$0
MARGHERITA BALDWIN	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL DELMONICO	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE DIONESE	DIRECTOR	1.00	Director	$54,000	$0	$54,000
MARLANE BASSETT	DOCTOR	40.00	Highest	$208,142	$0	$208,142

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	$1,630,842	$1,623,473	$4,473,011	$7,369