IZUMI FOUNDATION

EIN: 043439149 501(c)(3) Health Care

BOSTON, MA

Total Revenue
$2,773,250
Total Expenses
$3,014,865
Total Assets
$73,391,812
Net Assets
$71,578,146
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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
1998
Legal Domicile
MA
Principal Officer
SHINREI ITO
Phone
6172922333
Tax Period
2020-01-01 to 2020-12-31

IZUMI FOUNDATION, founded in 1998, is a community nonprofit in the Health Care sector that reported $2.8M in total revenue in fiscal year 2020. Net assets of $71.6M represent 310 months of operating reserves.

Mission

TO PROVIDE ASSISTANCE TO THE WORLD'S POOREST PEOPLE THROUGH THE DEVELOPMENT AND SUPPORT OF PROGRAMS THAT IMPROVE HEALTHCARE IN DEVELOPING COUNTRIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2,773,250
Other Revenue $0
TOTAL REVENUE $2,773,250

Expense Breakdown

Grants Paid $2,255,265
Salaries & Benefits $256,429
Fundraising Expenses $0
Program Expenses $2,707,042
Other Expenses $503,171
TOTAL EXPENSES $3,014,865

Year-over-Year Comparison

2020 2019 Change
Revenue $2,773,250 $2,672,256 +0.0%
Expenses $3,014,865 $2,946,628 +0.0%
Net Income $-241,615 $-274,372 -0.1%
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
3
Independent Members
3
Employees
2
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
4
$266,097
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHINREI ITO PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $0 $0
CRANDON GUSTAFSON DIRECTOR 0.50
Director
$0 $0 $0
KOJI SUGIYAMA DIRECTOR 0.50
Director
$0 $0 $0
KO YAMAMOTO TREASURER 1.00
Officer
$0 $71,909 $99,330
YUKO YOSHIDA CLERK 40.00
Officer
$0 $12,208 $78,303
JOHN WARFORD ASSISTANT TREASURER 40.00
Officer
$0 $23,931 $88,464
GRETCHEN STODDARD PROGRAM DIRECTOR 40.00
Highest
$151,500 $31,312 $182,812
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
2020 $2,773,250 $3,014,865 $73,391,812 $-241,615
2019 $2,672,256 $2,946,628 $69,137,573 $-274,372
2018 $1,436,144 $2,269,783 $62,785,130 $-833,639
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