PARTNERS IN HEALTH A NONPROFIT CORPORATION

EIN: 043567502 501(c)(3) Health Care

Boston, MA

Total Revenue
$284,697,820
Total Expenses
$240,340,061
Total Assets
$386,648,956
Net Assets
$339,009,826
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MA
Principal Officer
Sheila Davis
Phone
8578805100
Tax Period
2024-07-01 to 2025-06-30

PARTNERS IN HEALTH A NONPROFIT CORPORATION, founded in 2001, is a major nonprofit in the Health Care sector that reported $284.7M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $44.4M, a strong 16% operating margin.

Mission

Partners In Health (PIH) is a non-profit, global health organization that fights social injustice by bringing the benefits of modern medical science first and foremost to the most vulnerable communities worldwide. In Haiti, Malawi, Rwanda, Sierra Leone, Liberia, Lesotho, Peru, Mexico, Kazakhstan, U.S., and Navajo Nation, PIH's work focuses on those who would not otherwise have access to quality health care. PIH partners with the world's leading academic institutions to create rigorous evidence that shapes more sound and all-inclusive global health policies. PIH also supports local governments' efforts to build capacity and strengthen national health systems.

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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 (2024)

Revenue Breakdown

Contributions & Grants $274,851,811
Program Service Revenue $277,681
Investment Income $8,871,527
Other Revenue $696,801
TOTAL REVENUE $284,697,820

Expense Breakdown

Grants Paid $52,855,211
Salaries & Benefits $93,241,598
Fundraising Expenses $12,379,466
Program Expenses $208,171,998
Other Expenses $94,013,572
TOTAL EXPENSES $240,340,061

Year-over-Year Comparison

2024 2023 Change
Revenue $284,697,820 $238,255,229 +0.2%
Expenses $240,340,061 $239,532,453 +0.0%
Net Income $44,357,759 $-1,277,224 -35.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
24
Independent Members
23
Employees
427
Volunteers
40

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
6
$929,409
Total Directors
24
$395,525
Key Employees
1
$260,343
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sheila Davis President and Chief Executive Officer 40
Officer Director
$370,238 $25,287 $395,525
Francesco De Flaviis Principal, Chief Advancement & Comms Officer 40
Highest
$275,000 $8,885 $283,885
Megan Carbone Principal, Chief Finance & Systems Officer 40
Officer
$261,968 $20,297 $282,265
Catherine Oswald Principal, Chief Program Officer 40
Highest
$257,038 $15,723 $272,761
Patrick Ulysse Chief Preparedness & Response Officer 40
Highest
$221,294 $46,171 $267,465
Andrew Wilson Chief Development Officer 40
Key Emp
$252,144 $8,199 $260,343
Kate Rojkov Chief Human Resources Officer 40
Highest
$232,636 $20,277 $252,913
Lori Silver General Counsel/Clerk 40
Officer
$208,554 $43,065 $251,619
Kristen Jones Senior Regional Director, Western & Midwest Region 40
Highest
$207,557 $26,195 $233,752
Ophelia Dahl Director/ Chair of Board of Directors until 6/11/25 25
Officer Director
$0 $0 $0
Lesley King Director/ Chair of Board of Directors as of 6/11/25 30
Officer Director
$0 $0 $0
Max Stone Director/ Treasurer 3
Officer Director
$0 $0 $0
Michael Choe Director 1
Director
$0 $0 $0
Pierre Cremieux Director 3
Director
$0 $0 $0
Anne Dinning Director 1
Director
$0 $0 $0
Kebba Jobarteh Director 1
Director
$0 $0 $0
Jim Yong Kim Director 5
Director
$0 $0 $0
Todd McCormack Director 6
Director
$0 $0 $0
Charlotte Wagner Director 1
Director
$0 $0 $0
Michelle Morse Director 1
Director
$0 $0 $0
Dede Orraca-Cecil Director 3
Director
$0 $0 $0
Tracey Lewis Director 1
Director
$0 $0 $0
Suprotik Basu Director 1
Director
$0 $0 $0
Alix Cantave Director 1
Director
$0 $0 $0
Cassia van der Hoof Holstein Director 2
Director
$0 $0 $0
Dilip Wagle Director 2
Director
$0 $0 $0
Keith Joseph Director 1
Director
$0 $0 $0
Justin Gray Director 1
Director
$0 $0 $0
Stephen Reifenberg Director 2
Director
$0 $0 $0
Srishti Narasimhan Director 2
Director
$0 $0 $0
Shana Dall'Osto Director as of 6/6/25 1
Director
$0 $0 $0
Deb Stone Director as of 6/6/25 1
Director
$0 $0 $0
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
2025 $284,697,820 $240,340,061 $386,648,956 $44,357,759
2024 $238,255,229 $239,532,453 $330,577,266 $-1,277,224
2023 $273,127,031 $232,194,059 $324,509,921 $40,932,972
2022 $331,511,246 $238,464,316 $280,456,941 $93,046,930
2021 $305,297,097 $276,906,462 $177,514,390 $28,390,635
2020 $213,749,564 $171,119,143 $143,157,081 $42,630,421
2019 $154,543,046 $147,291,509 $96,301,767 $7,251,537
2018 $148,709,410 $136,865,600 $81,075,094 $11,843,810
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