INSTITUTE FOR MEDITATION AND PSYCHOTHERAPY

EIN: 043313698 501(c)(3) Education

BELMONT, MA

Total Revenue
$225,386
Total Expenses
$212,429
Total Assets
$310,343
Net Assets
$92,627
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Principal Officer
INNA KHAZAN
Phone
6174893796
Tax Period
2021-01-01 to 2021-12-31

INSTITUTE FOR MEDITATION AND PSYCHOTHERAPY, founded in 1996, is a small nonprofit in the Education sector that reported $225K in total revenue in fiscal year 2021. Expenses of $212K left a modest 6% surplus.

Mission

THE INSTITUTE FOR MEDITATION AND PSYCHOTHERAPY IS A NON PROFIT ORGANIZATION DEDICATED TO THE EDUCATION AND TRAINING OF MENTAL HEALTH PROFESSIONALS IN THE INTEGRATION OF MINDFULNESS MEDITATION AND PSYC

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $12,835
Program Service Revenue $209,456
Investment Income $28
Other Revenue $3,067
TOTAL REVENUE $225,386

Expense Breakdown

Grants Paid $0
Salaries & Benefits $161,495
Fundraising Expenses $0
Other Expenses $50,934
TOTAL EXPENSES $212,429

Year-over-Year Comparison

2021 2020 Change
Revenue $225,386 $209,811 +0.1%
Expenses $212,429 $172,049 +0.2%
Net Income $12,957 $37,762 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
18
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$8,204
Total Directors
13
$133,084
Key Employees
11
$58,647
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL FULLON BOARD MEMBER 20.00
Director
$107,370 $0 $107,370
JORGE ARMESTO CONTRACT EMPLOYEE 3.00
Key Emp
$12,000 $0 $12,000
SUSAN FAIRCHILD CONTRACT EMPLOYEE 3.00
Key Emp
$14,000 $0 $14,000
C H A CONTRACT EMPLOYEE 4.00
Key Emp Highest
$16,358 $0 $16,358
CHARLES STYRON TREASURER 3.00
Officer Director
$8,204 $0 $8,204
HUMANIZED COMMUNICATI CONTRACT EMPLOYEE 3.00
Key Emp
$8,693 $0 $8,693
WILLIAM MORGAN BOARD MEMBER 3.00
Director
$7,035 $0 $7,035
SUSAN MORGAN BOARD MEMBER 3.00
Director
$7,035 $0 $7,035
ANDREW OLENDZKI BOARD MEMBER 1.00
Director
$1,004 $0 $1,004
RAJEEV RAJ CONTRACT EMPLOYEE 1.00
Key Emp
$2,150 $0 $2,150
RON SIEGEL BOARD MEMBER 1.00
Director
$1,032 $0 $1,032
D M BURTON CONTRACT EMPLOYEE 1.00
Key Emp
$1,600 $0 $1,600
SUSAN POLLAK CONTRACT EMPLOYEE 1.00
Key Emp
$1,062 $0 $1,062
TRUDY GOODMAN BOARD MEMBER 1.00
Director
$0 $0 $0
SARA LAZAR BOARD MEMBER 1.00
Director
$504 $0 $504
JAN SURREY CONTRACT EMPLOYEE 1.00
Key Emp
$652 $0 $652
INNA KHAZAN PRESIDENT 3.00
Officer Director
$0 $0 $0
WILLOUGHBY BRITTON CONTRACT EMPLOYEE 1.00
Key Emp
$900 $0 $900
LAURA WARREN BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS WILLARD BOARD MEMBER 1.00
Director
$900 $0 $900
DOUGLAS BAKER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVE SHANNON BOARD MEMBER 1.00
Director
$0 $0 $0
PAGE PROS CONTRACT EMPLOYEE 1.00
Key Emp
$632 $0 $632
JAMES HOPPER CONTRACT EMPLOYEE 1.00
Key Emp
$600 $0 $600
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $225,386 $212,429 $310,343 $12,957
2020 $209,811 $172,049 $282,927 $37,762
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