Smarthealth Activator Nfp

Nonprofit profile at a glance

EIN
475146231
IRS 990-EZ coverage
2021–2023
Forms available
Form 990-EZ 2023
Location
Riverwoods, IL, USA
Rating
36
Verdict
REVIEW
Rating confidence
Moderate
Sector
Public Foundations

Reported finances

Revenue
$6,000
Expenses
$6,553
Assets
$2,106
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Tom Denison (President)

People named in this filing

  • Tom Denison (President)
  • Gary Winer (Board Director)
  • Teddy Scott (Board Director)

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

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

SmartHealth Activator (SHA) identifies and advance extraordinary biotechnology being developed at Midwest Universities. The problem we solve is that there are brilliant scientist at Midwest Universities who are developing life-saving biotechnology, but the scientist is simply not equipped to commercialize their research. SHA provides a number of solutions for scientist building technology transfer, corporate creation, IP protection, fundraising, and branding, but most importantly we build operation teams around the scientist. The OPS Team is comprised of elites in biotech who have the experience, expertise, and passion to facilitate the commercialization of life-saving biotechnology being develped at Midwest Universities.

What it reported doing in 2023

See Schedule o - Paid Grant to Biotech Startup- Grant issued for startup. Atzeyo Bio's mission is focused on it's core technology that uses gold nanoparticles to power photonic absorption biosensing for low cost, high sensitivity diagnostics.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 36
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -9.2%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -119.3% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -61.8% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 16.5% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2021 to 2023
  • 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: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 33/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.