Bionorthtexas Foundation
Nonprofit profile at a glance
- EIN
- 833860748
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-N 2018
- Location
- Irving, TX, USA
- Phone
- 8179529300
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $1,066,113
- Expenses
- $911,982
- Assets
- $418,310
- Liabilities
- $153,820
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- KATHLEEN OTTO-ROSENBLUM (CEO)
Highest reported compensation
- KATHLEEN OTTO-ROSENBLUM (CEO): $215,525 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The BIONORTHTEXAS Foundation (BioNTX) is a Texas Membership Association designed to support company formation and industry growth in the bioscience sector. The organization spans 26 counties in North Texas and is committed to collaboration and helping small companies find the resources they need to bring their drug, device, or service (product) to market. BioNTX is the life science, biotechnology, and healthcare trade organization serving North Texas innovation through high level educational programming, professional development, collaborative networking, mentorship, Bioresource access, purchasing power, advocacy, and marketing. We are the Voice and Champion for North Texas bioscience and healthcare innovation.
What it reported doing in 2024
The Annual iC Life Science & Healthcare Innovation Summit is a dynamic platform for the North Texas bioscience and healthcare community to engage in thoughtful discussions, share cutting-edge research, and explore emerging technologies with potential to revolutionize the future of biotechnology, health care and human health. ( iC represents the formula Innovation = Capital x Collaboration x Commercialization)
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% 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. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 79
- Accountability: 90
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 70.2%; rating input score 70
- Program expense ratio: 82.1%; rating input score 82
- Fundraising efficiency: $7.72 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 14.5%; rating input score 69; 69th percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.37; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 23.6%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 46.3% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 50% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 52.6% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 70.2% of revenue deployed · 82.1% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $749K in reported program spending
- Leadership: top reported pay $216K · 10 people listed · 3 of 6 pay-setting controls reported
- Consistency: 25 of 25 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.