SEATTLE BIOMEDICAL RESEARCH INSTITUTE (EIN 910961784) - 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

1976

Legal Domicile

Principal Officer

IRWIN GOVERMAN

Phone

4157444352

Tax Period

2018-07-01 to 2019-03-31

SEATTLE BIOMEDICAL RESEARCH INSTITUTE, founded in 1976, is a community nonprofit that reported $9.0M in total revenue in fiscal year 2018. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $34.8M exceeded revenue, resulting in a 285% operating deficit.

Mission

TO ELIMINATE THE WORLD'S MOST DEVASTATING INFECTIOUS DISEASES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $8,562,331

Program Service Revenue $143,682

Investment Income $62,555

Other Revenue $265,559

TOTAL REVENUE $9,034,127

Expense Breakdown

Grants Paid $22,287,861

Salaries & Benefits $6,143,160

Fundraising Expenses $109,297

Program Expenses $31,287,738

Other Expenses $6,379,537

TOTAL EXPENSES $34,810,558

Year-over-Year Comparison

	2018	2017	Change
Revenue	$9,034,127	$30,303,833	-0.7%
Expenses	$34,810,558	$34,217,943	+0.0%
Net Income	$-25,776,431	$-3,914,110	+5.6%

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

223

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

$1,879,563

Total Directors

$356,457

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRWIN GOVERMAN	CHAIR	3.00	Officer Director	$0	$0	$0
KEVIN KELLY	VICE CHAIR	3.00	Officer Director	$0	$0	$0
GREGG BLODGETT	TREASURER	3.00	Officer Director	$0	$0	$0
STEVEN CLIFFORD	SECRETARY	3.00	Officer Director	$0	$0	$0
ROSEMARY ARAGON	TRUSTEE	3.00	Director	$0	$0	$0
MARK ASHIDA	TRUSTEE	3.00	Director	$0	$0	$0
PERRY ATKINS	TRUSTEE	3.00	Director	$0	$0	$0
PATRICE AULD	TRUSTEE	3.00	Director	$0	$0	$0
DAVID GOESLING	TRUSTEE	3.00	Director	$0	$0	$0
ALAN LEVY	TRUSTEE	3.00	Director	$0	$0	$0
TREVER MOODY	TRUSTEE	3.00	Director	$0	$0	$0
BRIAN OLSAVSKY	TRUSTEE	3.00	Director	$0	$0	$0
TJ PETRIZZO	TRUSTEE	3.00	Director	$0	$0	$0
MARK MATHEWSON	TRUSTEE	3.00	Director	$0	$0	$0
BRIAN SCHWARTZ	TRUSTEE	3.00	Director	$0	$0	$0
DAVID STEWART	TRUSTEE	3.00	Director	$0	$0	$0
ROB THOMAS	TRUSTEE	3.00	Director	$0	$0	$0
KEN STUART	TRUSTEE/FOUNDER	40.00	Officer Director	$328,140	$28,317	$356,457
JOHN AITCHISON	PRESIDENT	40.00	Officer	$578,347	$31,852	$610,199
STEFAN KAPPE	VP STRATEGIC DEVELOPMENT	40.00	Officer	$249,997	$27,251	$277,248
DAVID KEOGH	CHIEF OPERATING OFFICER	40.00	Officer	$405,935	$29,838	$435,773
DAVID SHERMAN	ASSOCIATE DIRECTOR	40.00	Officer	$177,601	$22,285	$199,886
ALAN ADEREM	PRESIDENT EMERITUS	40.00	Highest	$497,467	$35,705	$533,172
RONALD HOOD	SR DIRECTOR IT	40.00	Highest	$234,845	$16,127	$250,972
KENT IRWIN	SR DIR OPERATIONS/FACILITIES	40.00	Highest	$194,382	$15,265	$209,647
JANE M MILLS	LEGAL COUNSEL	40.00	Highest	$184,847	$15,354	$200,201
RANDELL WATKINS	SR FACILITIES MGR	40.00	Highest	$180,848	$7,738	$188,586

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
2019	$9,034,127	$34,810,558	No data	$-25,776,431
2018	$30,303,833	$34,217,943	$33,632,197	$-3,914,110

SEATTLE BIOMEDICAL RESEARCH INSTITUTE