OHIO LIFE SCIENCES ASSOCIATION (EIN 920273822) - 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

2022

Legal Domicile

Principal Officer

EDDIE PAULINE

Phone

6146753686

Tax Period

2023-01-01 to 2023-12-31

OHIO LIFE SCIENCES ASSOCIATION, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 4226% from the prior year, signaling strong growth momentum. The organization ran a surplus of $514K, a strong 41% operating margin.

Mission

ALIGN THE LIFE SCIENCES ECOSYSTEM IN THE STATE OF OHIO, BUILDING COLLABORATIVE PARTNERSHIPS, AND ADVOCATING FOR POLICIES AND FUNDING THAT WILL HELP TO ACCELERATE LIFE SCIENCE PRIORITIES AND DRIVE SUSTAINABLE ECONOMIC GROWTH.

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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 $757,957

Program Service Revenue $501,420

Investment Income $0

Other Revenue $643

TOTAL REVENUE $1,260,020

Expense Breakdown

Grants Paid $17,748

Salaries & Benefits $406,910

Fundraising Expenses $0

Other Expenses $320,889

TOTAL EXPENSES $745,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,260,020	$29,130	+42.3%
Expenses	$745,547	$105	+7099.4%
Net Income	$514,473	$29,025	+16.7%

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

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

$340,907

Total Directors

$340,907

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE PAULINE	PRESIDENT AND CEO	1.00	Officer Director	$338,481	$2,426	$340,907
MIKE TRIPLETT	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
TYLER ALLCHIN	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERICA CONROY	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER DAUER	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE BERRY	MEMBER	1.00	Director	$0	$0	$0
STEVE FENING	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
2024	No data	No data	No data	No data
2023	$1,260,020	$745,547	$979,624	$514,473
2022	$29,130	$105	$46,622	$29,025

OHIO LIFE SCIENCES ASSOCIATION