ADDGENE INC (EIN 900133592) - 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

2004

Legal Domicile

Principal Officer

DANIELA BOURGES

Phone

6172259000

Tax Period

2023-01-01 to 2023-12-31

ADDGENE INC, founded in 2004, is a mid-sized nonprofit in the Medical Research sector that reported $26.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

ADDGENE, INC. PROVIDES RESEARCH SUPPORT SERVICE DEDICATED TO ARCHIVING AND DISTRIBUTING PLASMIDS THAT APPEAR IN PUBLISHED ARTICLES. BY LINKING PLASMIDS WITH PUBLICATIONS, SCIENTISTS ARE ALWAYS CONNECTED TO DATA GENERATED FROM THE MATERIALS THAT THEY ARE REQUESTING. THE COMPANY'S GOAL IS TO COMPILE A COMPREHENSIVE LIBRARY OF PLASMIDS TO FACILITATE RESEARCH AND DISCOVERY.

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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 $1,425,499

Program Service Revenue $24,570,256

Investment Income $307,861

Other Revenue $0

TOTAL REVENUE $26,303,616

Expense Breakdown

Grants Paid $198,485

Salaries & Benefits $13,390,153

Fundraising Expenses $0

Program Expenses $19,879,381

Other Expenses $12,947,549

TOTAL EXPENSES $26,536,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,303,616	$24,108,935	+0.1%
Expenses	$26,536,187	$23,603,093	+0.1%
Net Income	$-232,571	$505,842	-1.5%

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

142

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

$748,282

Total Directors

Key Employees

$689,829

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ROOT	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH FAN	DIRECTOR	1.00	Director	$0	$0	$0
KHANDAN BARADARAN	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA BROWNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KOERIS	DIRECTOR	1.00	Director	$0	$0	$0
FRANK STEGMEIER	DIRECTOR	1.00	Director	$0	$0	$0
KAREN KATZ	DIRECTOR	1.00	Director	$0	$0	$0
LUK H VANDENBERGHE	DIRECTOR	1.00	Director	$0	$0	$0
CARL PARATORE	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
JULIE CICALESE	DIRECTOR	1.00	Director	$0	$0	$0
BART G NEWLAND	DIRECTOR	1.00	Director	$0	$0	$0
JOHN H CHU	CLERK	1.00	Officer	$0	$0	$0
MICHAEL LOHNES	CHIEF FINANCIAL OFFICER	40.00	Officer	$181,208	$22,219	$203,427
MELINA FAN	EVP/CHIEF SCIENTIFIC OFFICER	40.00	Officer	$231,024	$27,459	$258,483
CHONNETTIA JONES	PRESIDENT/EXECUTIVE DIRECTOR	40.00	Officer	$279,862	$6,510	$286,372
DANIELA BOURGES-WALDEGG	EVP/CHIEF DIGITAL & TECH OFFICER	40.00	Key Emp	$219,853	$26,662	$246,515
ANDREW BALTUS	EVP/CHIEF OPERATING OFFICER	40.00	Key Emp	$212,716	$20,461	$233,177
TRACY KIERNAN	CHIEF PEOPLE OFFICER	40.00	Key Emp	$187,234	$22,903	$210,137
CAYLA FAUVER	SR. DIR OF PLATFORM ENGINEERING & IT	40.00	Highest	$171,065	$19,563	$190,628
MARCELLA PATRICK	SR. DIRECTOR OF PRODUCTION	40.00	Highest	$159,269	$24,438	$183,707
ERIC PERKINS	SR. DIR. OF ORG. TRANSFORMATION	40.00	Highest	$174,533	$6,642	$181,175
MEGHAN A REGO	DIRECTOR, ANTIBODIES	40.00	Highest	$169,721	$24,290	$194,011
MATTHEW E GHANTOUS	PLATFORM ENGINEER V	40.00	Highest	$150,086	$23,613	$173,699

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$26,303,616	$26,536,187	$60,890,476	$-232,571
2022	$24,108,935	$23,603,093	$63,886,487	$505,842
2021	$23,985,910	$20,258,062	$22,116,271	$3,727,848
2020	$20,536,238	$18,258,983	$18,161,439	$2,277,255
2019	$19,654,855	$18,644,421	$13,861,742	$1,010,434
2018	$16,258,207	$15,299,836	$12,441,448	$958,371

ADDGENE INC