Bionexus Kc

Nonprofit profile at a glance

EIN
431889037
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Kansas City, MO, USA
Phone
8167537700
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$2,284,256
Expenses
$2,407,918
Assets
$715,684
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • DENNIS RIDENOUR (PRESIDENT & CEO)
  • CHAD GRITTMAN (VICE PRESIDENT)

Highest reported compensation

  • DENNIS RIDENOUR (PRESIDENT & CEO): $294,585 total reported compensation
  • CHAD GRITTMAN (VICE PRESIDENT): $139,525 total reported compensation
  • MARIA STECKLEIN FLYNN (DIR./DIGITAL HEALTH KC CONSULTANT): $79,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We inspire thinkers from different disciplines to combine their efforts for a common purpose: healthcare innovation.(continued on schedule o)from bioinformatics to cancer research and beyond, we stimulate collaboration and help bring emerging technologies from concept to reality.the kc region is a global leader at the nexus of human and animal health benefiting all our citizens and the economy. Our mission is to highlight life sciences resources and their value to the community through collaboration and commercialization. Bionexus kc creates opportunities at the nexus of:-human and animal health-urban and rural health-academia and industry-Kansas and Missouri

What it reported doing in 2024

2024 was an incredibly impactful year for bionexus kc, marked by expanded programs and a continued commitment to drive collaboration and innovation in the region. These efforts further solidified Kansas city's position as a life sciences hub driven by cutting-edge research and technology. Through key initiatives, strategic partnerships, and community engagement, the organization continues to make an impact on the regional life sciences and healthcare ecosystems. With the growth of the bionexus kc team, the organization has expanded its capacity to lead and support innovation. (continued on schedule o)these efforts position the community to accelerate innovation, attract top talent, and cement the kc region's reputation as the premier destination for life sciences and digital health advancements.2024 accomplishments:1. Advancing the kc region's life sciences ecosystem: "path to 2025"2. Digital health kc and digital health day3. Kc biohub4. Workforce development5. Research and development grants6. Sciecne 2 art7. Bionexus kc annual event8. Kc one health day9. Nexus informatics conference

Operating model

Revenue model
Donor-supported. 65% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 84
  • Accountability: 88
  • Sustainability: 24
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.8%; rating input score 80
  • Program expense ratio: 75.4%; rating input score 75
  • Fundraising efficiency: $49.57 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 96.4%; rating input score 96; 31st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -5.4%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: 21.3%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 1.7% per year; rating input score 100; 21st percentile among comparable filings
  • Revenue growth: -0.8% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -2.9% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 79.8% of revenue deployed · 75.4% of spending went to programs
  • Governance: 8 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.8M in reported program spending
  • Leadership: top reported pay $295K · 11 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $115K reported
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 19/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.