BROOKLINE, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FOUNDATION FOR INNOVATION AND LIFE INC, founded in 2006, is a mid-sized nonprofit in the Health Care sector that reported $12.1M in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $16.0M exceeded revenue, resulting in a 32% operating deficit.
FOUNDATION FOR INNOVATION AND LIFE, INC.'S MISSION IS TO HELP OUR SPONSORS DEVELOP UNIQUE TOOLS AND NOVEL METHODS TO PROMOTE EARLY DIAGNOSIS AND DEVELOP INNOVATIVE TREATMENTS FOR COMPLEX DISEASES. THE FOUNDATION SPECIALIZES IN THE DEVELOPMENT AND APPLICATION OF NOVEL MINIMALLY INVASIVE TECHNIQUES IN THE FIELDS OF CARDIOLOGY, ENDOSCOPY, SURGERY, DRUG, AND DEVICE DELIVERY, DRUG AND DEVICE SAFETY, AND DIAGNOSTIC IMAGING.
THE ORGANIZATION FOCUSES ITS RESEARCH ON NOVEL DIAGNOSTIC, THERAPEUTIC, SURGICAL MEDICAL DEVICE, AND IMAGING TECHNOLOGIES USED IN THE DIAGNOSIS AND TREATMENT OF DISEASE. CBSET'S MISSION IS TO ADVANCE...
THE ORGANIZATION FOCUSES ITS RESEARCH ON NOVEL DIAGNOSTIC, THERAPEUTIC, SURGICAL MEDICAL DEVICE, AND IMAGING TECHNOLOGIES USED IN THE DIAGNOSIS AND TREATMENT OF DISEASE. CBSET'S MISSION IS TO ADVANCE SCIENCE AND EDUCATION,IMPROVE REGULATORY INSIGHT, ADVANCE RESEARCH METHODS, AND ULTIMATELY IMPROVE DIAGNOSIS, PATIENT CARE, AND TREATMENT OF DISEASE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $12,113,960 | $25,153,452 | -0.5% |
| Expenses | $16,006,527 | $22,615,547 | -0.3% |
| Net Income | $-3,892,567 | $2,537,905 | -2.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ELAZER EDELMAN | BOARD DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CAMPBELL ROGERS | BOARD DIRECTOR | 1.00 |
Director
|
$7,500 | $0 | $7,500 |
| ADAM GROOTHUIS | TREASURER/CLERK/CONSULTANT | 10.00 |
Officer
Director
|
$7,500 | $0 | $7,500 |
| PETER MARKHAM | PRESIDENT & CEO | 40.00 |
Officer
Director
|
$777,464 | $211,239 | $988,703 |
| JOHN KEATING | VP PATHOLOGY | 40.00 |
Highest
|
$351,154 | $317,722 | $668,876 |
| MISTY WILLIAMS-FRITZE | VP VET SVCS | 40.00 |
Highest
|
$307,357 | $329,233 | $636,590 |
| RAFFAELE MELIDONE | PATHOLOGY | 40.00 |
Highest
|
$292,654 | $180,449 | $473,103 |
| SHANNON TIERNEY | VP MED WRITERS/HR | 40.00 |
Highest
|
$259,465 | $327,222 | $586,687 |
| MICHAEL NAIMARK | DIR., BUS DEV | 40.00 |
Highest
|
$246,207 | $27,149 | $273,356 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $12,113,960 | $16,006,527 | $16,732,714 | $-3,892,567 |
| 2022 | $25,153,452 | $22,615,547 | $23,766,998 | $2,537,905 |
| 2021 | $24,232,593 | $18,036,827 | $14,994,473 | $6,195,766 |
| 2020 | $13,549,249 | $13,474,259 | $7,998,012 | $74,990 |
| 2019 | $15,372,636 | $15,133,334 | $4,898,945 | $239,302 |
| 2018 | $13,929,750 | $13,623,319 | $5,679,988 | $306,431 |
Compare FOUNDATION FOR INNOVATION AND LIFE INC with other nonprofits in Massachusetts and across the country.