INSTITUTE FOR HEALTHCARE OPTIMIZATION INC (EIN 270373299) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

EUGENE LITVAK

Phone

6174673350

Tax Period

2024-05-01 to 2025-04-30

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.

Mission

TO IMPROVE THE HEALTHCARE DELIVERY SYSTEM BY THE APPLICATION OF OPERATIONS MGT. TECHNIQUES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,496,667

Program Service Revenue $0

Investment Income $9,514

Other Revenue $0

TOTAL REVENUE $3,506,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,455,048

Fundraising Expenses $0

Program Expenses $1,962,519

Other Expenses $518,391

TOTAL EXPENSES $2,973,439

Year-over-Year Comparison

	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%

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

Governance

Voting Members

Independent Members

Employees

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

$1,082,092

Total Directors

$498,296

Key Employees

$231,901

Highest Compensated

reported

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

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	$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

INSTITUTE FOR HEALTHCARE OPTIMIZATION INC