LEXINGTON, MA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)INSTITUTE FOR HEALTHCARE OPTIMIZATION INC, founded in 2009, is a community nonprofit in the Diseases & Disorders sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $533K, a strong 15% operating margin.
TO IMPROVE THE QUALITY AND REDUCE THE COST OF HEALTHCARE BY (I) ADVANCING THE UNDERSTANDING AND APPLICATION OF OPERATIONS MANAGEMENT ("OM") TO HEALTHCARE DELIVERY THROUGH THEORETICAL AND APPLIED RESEARCH AND THE DEVELOPMENT OF NEW TECHNIQUES AND TOOLS; (II) PROMOTING THE ADOPTION OF OPERATIONAL IMPROVEMENTS TO THE HEALTHCARE DELIVERY SYSTEM THROUGH THE ESTABLISHMENT OF HOSPITAL BASED "RESEARCH LABORATORIES" INTENDED TO ADVANCE THE SCIENCE OF OM AND DEMONSTRATE THE FEASIBILITY AND PRACTICAL BENEFITS OF APPLYING OM IN IMPROVING HEALTHCARE; (III) EDUCATING THOSE INVOLVED IN FURNISHING, ADMINISTERING, AND FINANCING HEALTHCARE ABOUT THE PROBLEMS THAT CAN BE ADDRESSED BY THE APPLICATION OF OM TO HEALTHCARE DELIVERY; AND (IV) DOCUMENTING THE EXPERIENCES AND SUCCESSES OF OM APPLICATION AND DISSEMINATING THIS KNOWLEDGE TO THE GENERAL PUBLIC.
RESEARCH AND DEVELOP TOOLS FOR APPLICATION OF OPERATIONS MANAGEMENT TO HEALTHCARE DELIVERY INCLUDING APPLIED RESEARCH UNDER CONTRACTS WITH HOSPITALS.
DISSEMINATING KNOWLEDGE ON SUCCESSFUL APPLICATION EFFORTS.
EDUCATING AND TRAINING HEALTHCARE PERSONNEL ON THEORY AND APPLICATION OF SCIENTIFIC MANAGEMENT METHODOLOGIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,506,181 | $2,861,074 | +0.2% |
| Expenses | $2,973,439 | $2,350,807 | +0.3% |
| Net Income | $532,742 | $510,267 | +0.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| EUGENE LITVAK PHD | PRESIDENT/TREASURER/DIRECTOR | 40.00 |
Officer
Director
|
$376,079 | $11,274 | $387,353 |
| ELLIS M KNIGHT MD | COO (HIRED 7/15/24)/DIRECTOR | 32.00 |
Officer
Director
|
$110,426 | $517 | $110,943 |
| WILLIAM P PIERSKALLA PHD | DIRECTOR (RESIGNED 12/27/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| JACK KITTS MD | DIRECTOR (APPT. 7/11/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT LAHITA MD | DIRECTOR (APPT. 7/11/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY PARRELLA | CLERK/EXECUTIVE ASSISTANT | 40.00 |
Officer
|
$124,077 | $1,165 | $125,242 |
| CHERI WARD | SR. VICE PRESIDENT | 46.00 |
Officer
|
$274,199 | $1,193 | $275,392 |
| JULIA KROL | VICE PRESIDENT | 49.00 |
Officer
|
$181,969 | $1,193 | $183,162 |
| MUHUND CHANDRAMOHAN | DIR. OF SIMULATION & ANALYTICS | 40.00 |
Key Emp
|
$202,977 | $28,924 | $231,901 |
| VERUN ANDREWS | SR. SIMULATION ANALYST | 42.00 |
Highest
|
$109,982 | $11,448 | $121,430 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $3,506,181 | $2,973,439 | $1,407,086 | $532,742 |
| 2024 | $2,861,074 | $2,350,807 | $1,113,675 | $510,267 |
| 2023 | $1,049,197 | $1,206,131 | $954,029 | $-156,934 |
| 2022 | $732,903 | $1,143,350 | $196,720 | $-410,447 |
| 2021 | $1,346,910 | $1,283,650 | $754,385 | $63,260 |
| 2020 | $1,666,306 | $1,300,369 | $484,887 | $365,937 |
| 2019 | $911,644 | $1,262,766 | $247,408 | $-351,122 |
| 2018 | $1,192,065 | $1,681,138 | $651,214 | $-489,073 |
Compare INSTITUTE FOR HEALTHCARE OPTIMIZATION INC with other nonprofits in Massachusetts and across the country.