HEMATO INSTITUTE INC

EIN: 272456214 501(c)(3) Health Care

KATONAH, NY

Total Revenue
$537,151
Total Expenses
$603,896
Total Assets
$2,616,721
Net Assets
$2,616,721
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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
2010
Legal Domicile
NY
Principal Officer
DAVID KIM
Phone
9142418500
Tax Period
2023-01-01 to 2023-12-31

HEMATO INSTITUTE INC, founded in 2010, is a small nonprofit in the Health Care sector that reported $537K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $604K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROMOTE, FOSTER AND SUPPORT RESEARCH AND EDUCATIONAL ACTIVITIES FOCUSED ON THE IMPORTANCE OF BLOOD AND ITS RELATIONSHIP TO OUR HEALTH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $474,331
Program Service Revenue $0
Investment Income $55,000
Other Revenue $7,820
TOTAL REVENUE $537,151

Expense Breakdown

Grants Paid $0
Salaries & Benefits $361,650
Fundraising Expenses $0
Program Expenses $511,207
Other Expenses $242,246
TOTAL EXPENSES $603,896

Year-over-Year Comparison

2023 2022 Change
Revenue $537,151 $792,999 -0.3%
Expenses $603,896 $751,308 -0.2%
Net Income $-66,745 $41,691 -2.6%
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
4
Independent Members
2
Employees
6
Volunteers
150

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
2
$166,636
Total Directors
4
$166,636
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR HYUNSIK JEON PRESIDENT 40.00
Officer Director
$82,500 $23,636 $106,136
DAVID KIM TREASURER 40.00
Officer Director
$60,500 $0 $60,500
DR YONG KIM DIRECTOR 1.00
Director
$0 $0 $0
ALEX PARK DIRECTOR 1.00
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
2023 $537,151 $603,896 $2,616,721 $-66,745
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