Civic Intelligence

Bioflorida Inc

990 • Fiscal year 2022 • EIN 59-3436638

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 13, 2023

Organization ProfileWWW.BIOFLORIDA.COM
6742 Forest Hill Blvd 256West Palm Beach, FL 33413

(561) 653-3839

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

24th percentile

0.02x

Higher debt load relative to assets than 24% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

23rd percentile

0.03x

Higher debt load relative to revenue than 23% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Net Margin

92nd percentile

34%

Higher net margin than 92% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

89th percentile

$313,897

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 14.3% of source-year revenue.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

89th percentile

36%

Faster asset growth than 89% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

74th percentile

26%

Faster revenue growth than 74% of similar nonprofits.

2022 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$2,908,507

Up $767,510 (+36%) from 2021

Net Assets

Up

$2,848,466

Up $738,723 (+35%) from 2021

Liabilities

Up

$60,041

Up $28,787 (+92%) from 2021

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin92nd percentile

Revenue

Up

$2,198,151

Up $456,996 (+26%) from 2021

Expenses

Up

$1,459,428

Up $338,190 (+30%) from 2021

Net Income

Up

$738,723

Up $118,806 (+19%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $117,887Liabilities 2010: $104,193Net Assets 2010: $13,6942010Assets 2011: $190,370Liabilities 2011: $122,563Net Assets 2011: $67,8072011Assets 2012: $200,550Liabilities 2012: $135,222Net Assets 2012: $65,3282012Assets 2013: $118,742Liabilities 2013: $10,183Net Assets 2013: $108,5592013Assets 2014: $203,305Liabilities 2014: $6,943Net Assets 2014: $196,3622014Assets 2015: $372,203Liabilities 2015: $11,267Net Assets 2015: $360,9362015Assets 2016: $647,295Liabilities 2016: $124,228Net Assets 2016: $523,0672016Assets 2017: $833,940Liabilities 2017: $62,750Net Assets 2017: $771,1902017Assets 2018: $1,049,596Liabilities 2018: $44,410Net Assets 2018: $1,005,1862018Assets 2019: $1,291,902Liabilities 2019: $21,591Net Assets 2019: $1,270,3112019Assets 2020: $1,501,100Liabilities 2020: $11,274Net Assets 2020: $1,489,8262020Assets 2021: $2,140,997Liabilities 2021: $31,254Net Assets 2021: $2,109,7432021Assets 2022: $2,908,507Liabilities 2022: $60,041Net Assets 2022: $2,848,4662022Assets 2023: $3,107,205Liabilities 2023: $77,438Net Assets 2023: $3,029,7672023Assets 2024: $2,956,197Liabilities 2024: $153,324Net Assets 2024: $2,802,8732024

Highlighted filing

2022

Assets$2,908,507
Liabilities$60,041
Net Assets$2,848,466
Open 2022 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $783,7722010Expenses 2011: $730,6942011Expenses 2012: $819,1602012Revenue 2013: $899,237Expenses 2013: $856,006Net Income 2013: $43,2312013Revenue 2014: $965,639Expenses 2014: $877,836Net Income 2014: $87,8032014Revenue 2015: $981,224Expenses 2015: $816,650Net Income 2015: $164,5742015Revenue 2016: $1,045,411Expenses 2016: $883,280Net Income 2016: $162,1312016Revenue 2017: $1,084,615Expenses 2017: $836,492Net Income 2017: $248,1232017Revenue 2018: $1,108,045Expenses 2018: $874,049Net Income 2018: $233,9962018Revenue 2019: $1,212,071Expenses 2019: $946,946Net Income 2019: $265,1252019Revenue 2020: $1,007,557Expenses 2020: $788,042Net Income 2020: $219,5152020Revenue 2021: $1,741,155Expenses 2021: $1,121,238Net Income 2021: $619,9172021Revenue 2022: $2,198,151Expenses 2022: $1,459,428Net Income 2022: $738,7232022Revenue 2023: $1,885,745Expenses 2023: $1,706,594Net Income 2023: $179,1512023Revenue 2024: $2,022,103Expenses 2024: $2,204,654Net Income 2024: -$182,5512024

Highlighted filing

2022

Revenue$2,198,151
Expenses$1,459,428
Net Income$738,723
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$2,198,151
Mission and Program Overview

Mission

Bioflorida is the voice of floridas life sciences industry, representing nearly 5,500 establishments and research organizations in the biotechnology, pharmaceuticals, medical devices/diagnostics and bioagriculture sectors that collectively employ nearly 80,000 floridians.

Bioflorida is the voice of florida's life sciences industry, representing 8,600 establishments and research organizations in the biopharmaceutical, medical technology, and digital health sectors that collectively employ 107,000 floridians.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,656,630$2,321,815▲ $665,185
Accounts Receivable$314,445$466,771▲ $152,326
Cash and Non-Interest-Bearing Accounts$168,892$119,287▼ $49,605
Land, Buildings, and Equipment, Net$1,030$634▼ $396
Total Assets$2,140,997$2,908,507▲ $767,510
Liabilities
Accounts Payable and Accrued Expenses$27,754$53,541▲ $25,787
Deferred Revenue$3,500$6,500▲ $3,000
Total Liabilities$31,254$60,041▲ $28,787
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,109,743$2,848,466▲ $738,723
Total Net Assets Fund Balance$2,109,743$2,848,466▲ $738,723
Total Liabilities and Net Assets / Fund Balance$2,140,997$2,908,507▲ $767,510

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$634$2,965$3,599
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nancy BryanPresident & CEOFT$225,226$88,671$313,897
Tara Ann ColemanCOOFT$99,271$64,798$164,069
Ian LeventhalVP Business DevelopmentFT$111,075$13,073$124,148

Board Members and Trustees

NameTitle
Robert FinizioChairman
Charles BruceVice Chairman
Adam GrossmanDirector
Antonio J FerreiraDirector
Brian DornDirector
Carey OfficerDirector
Chika SeidelDirector
Chris MinDirector
David DayDirector
David SmithDirector
Douglas CalderDirector
Emily GreshamDirector
Holly Bates SnowDirector
James HickmanDirector
Jarett RiegerDirector
Jim OconnellDirector
Joe SardanoDirector
Joseph IannottiDirector
Juan Carlos VarelaDirector
Juan ToroDirector
Julie Watson LampleyDirector
Karen MooreDirector
Kathy ChiuDirector
Mark FriedmanDirector
Mark StrongDirector
Norma Sue KenyonDirector
Raquel RodriguezDirector
Rob HerzogDirector
Steve ParkinsonDirector
Sue WasherDirector
Svetlana ShtromDirector
Thomas EquelsDirector
Tracy GoekenDirector
Valerie McdevittDirector
Les CrolandLegal Counsel
Gregory NelsonSecretary
Adam HunterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,197,950
Investment Income
$201
Other Revenue
$0
Change in Net Assets
$738,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$793,749
Other Expenses$665,679
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$349,720
Current Officers, Directors, Trustees, and Key Employees---$313,897
Advertising---$113,203
Other Employee Benefits---$81,838
Office Expenses---$55,728
Other Expenses---$53,733
Payroll Taxes---$39,710
Fees for Services Legal---$33,113
Fees for Services Lobbying---$27,093
Travel---$23,104
Fees for Services Accounting---$15,350
Fees for Services Other---$14,252
Insurance---$9,169
Pension Plan Contributions---$8,584
Information Technology---$2,957
Conferences and Meetings---$479
Depreciation Depletion---$396
Total Functional Expenses$0$0$0$1,459,428
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Total Nondeductible Lobbying and Political Cost$27,168
Current Year Nondeductible Lobbying and Political Cost$27,093
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has 364 voting members.”

Form 990, Part VI, Section A, Line 7A

“Members elect the board of directors. The board designates the officers.”

Form 990, Part VI, Section B, Line 11B

“Form 990 was prepared by the organization's tax preparer, reviewed, and approved by the president and ceo and the treasurer of bioflorida. Contemporaneously with the filing, a copy of form 990 was provided to all members of the executive committee of bioflorida's board of directors.”

Form 990, Part VI, Section B, Line 15A

“Ceo compensation was evaluated by the board in comparison to market.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Bioflorida Inc
EIN
59-3436638
Phone
5616533839
Address
6742 FOREST HILL BLVD 256, WEST PALM BEACH, FL 33413

Signing Officer

Name
Nancy K Bryan
Title
President and CEO
Phone
5616533839
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy K Bryan
Formed
1997
Legal Domicile
Fl
Voting Board Members
37
Independent Board Members
37
Employees
5
Volunteers
50

Preparer

Firm
Cherry Bekaert Advisory LLC
Address
2811 PONCE DE LEON BLVD STE 500, CORAL GABLES, FL 33134
Preparer
Paula Wendling
Phone
7866936300
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IRS990/Form990PartVIISectionAGrp/PersonNm35SUE WASHER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1LEGAL COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt37PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt38COO
IRS990/Form990PartVIISectionAGrp/TitleTxt39VP BUSINESS DEVELOPMENT
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IRS990/MissionDesc0BIOFLORIDA IS THE VOICE OF FLORIDA'S LIFE SCIENCES INDUSTRY, REPRESENTING 8,600 ESTABLISHMENTS AND RESEARCH ORGANIZATIONS IN THE BIOPHARMACEUTICAL, MEDICAL TECHNOLOGY, AND DIGITAL HEALTH SECTORS THAT COLLECTIVELY EMPLOY 107,000 FLORIDIANS.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,908,507
Liabilities
$60,041
Net assets
$2,848,466
Revenue
$2,198,151
Expenses
$1,459,428
Net income
$738,723
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$0.15$2.80$2.02$2.20$0.18
2023Summary only. Only limited summary data is available for this year.$3.11$0.08$3.03$1.89$1.71$0.18
2022Detailed filing. Detailed filing data is available for this year.$2.91$0.06$2.85$2.20$1.46$0.74
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.14$0.03$2.11$1.74$1.12$0.62
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.01$1.49$1.01$0.79$0.22
2019Summary only. Only limited summary data is available for this year.$1.29$0.02$1.27$1.21$0.95$0.27
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.04$1.01$1.11$0.87$0.23
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.06$0.77$1.08$0.84$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.65$0.12$0.52$1.05$0.88$0.16
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.01$0.36$0.98$0.82$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.20$0.97$0.88$0.09
2013Summary only. Only limited summary data is available for this year.$0.12$0.01$0.11$0.90$0.86$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.14$0.07$0.82
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.12$0.07$0.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.10$0.01$0.78