Advanced Regenerative Manufacturing Institute INC
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Advances the US bioeconomy by funding technical projects, providing commercialization services for tissue engineering, and creating jobs in the biofabrication industry. For fiscal year 2024 it reported $41.5M in revenue, $38.9M in expenses, and $20.3M in net assets.Pt I
Summary of the Filing
Where the work happens
ARMI and its BioFabUSA Institute accomplishes its mission through key activities, such as the following:- Collaborates with community, local, State, and Federal stakeholders to advance the U.S bioeconomy and fuel economic growth, including by creating pathways and jobs in the biofabrication industry.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Jennifer Macdonald’s $241K as Chief Operating Officer is at the 42nd percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jennifer Macdonald | $241,212 | $257,584 | — | — | — |
| Richard McFarland | $219,125 | $194,203 | $195,289 | $197,196 | $204,810 |
| Julie Lenzer | $204,908 | $196,065 | $178,100 | — | — |
| Daniel Behr | $199,119 | — | — | — | — |
| Edward Gordon | $193,103 | $191,771 | $192,727 | — | — |
| Thomas Deyak | $179,066 | — | — | $139,104 | $140,155 |
| Karla Talanian | — | $170,291 | — | — | — |
| Michael Orrico | — | $166,835 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 55% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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