Institute for Life Sciences Collaboration Inc

Nonprofit profile at a glance

EIN
455595804
IRS 990 coverage
2015–2025
Forms available
Form 990 2025
Location
Madison, CT, USA
Phone
2036059503
Rating confidence
Limited
Sector
Education N.E.C.

Official website

Reported finances

Revenue
$0
Expenses
$5,124
Assets
$487
Liabilities
$20,369

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • RICHARD FLATH (PRESIDENT/TREASURER)

People named in this filing

  • MARKUS WARLITZ (COO)
  • RICHARD FLATH (PRESIDENT/TREASURER)
  • SHELDON ZASLANSKY (CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Inform, educate and involve the public and scientific, academic and medical/healthcare communities on and in proactive approaches to address the unmet needs for expertise, infrastructure and application that can

What it reported doing in 2025

The organization hosts events to inform, educate and involve the public and scientific, academic and medical/healcare communities on and in proactive approaches to address the unmet needs for expertise, infrastructure and applications that can enable researchers and practitioners from leading academic, scientific and medical/healthcare institutions to identify, advance and accelerate promising opportunities for life sciences discovery, development and application.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 15
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 10
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 20.5%; rating input score 20
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: Limited
  • Total-asset coverage ratio: 0.1; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 41.83; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: -17.9% per year; rating input score 0; 18th percentile among comparable filings
  • Revenue growth: -22.3% per year; rating input score 0; 18th percentile among comparable filings
  • Asset growth: -12.5% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 20.5% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $1K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • 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.

Key Signals

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

  • High — Financial Efficiency: Program expense ratio scored 20/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.