INNOVATIONS IN HEALTHCARE INC

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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

2011

Legal Domicile

Principal Officer

KRISHNAKUMAR UDAYAKUMAR

Phone

9196842006

Tax Period

2023-07-01 to 2024-06-30

INNOVATIONS IN HEALTHCARE INC, founded in 2011, is a small nonprofit in the Education sector that reported $734K in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $931K exceeded revenue, resulting in a 27% operating deficit.

Mission

PROMOTE GLOBAL ACCESS TO COST-EFFECTIVE AND HIGH-QUALITY HEALTHCARE. FACILITATE AND ENCOURAGE THE BROAD AND PROMPT DISSEMINATION OF DATA AND INFORMATION RELATING TO INNOVATIVE HEALTHCARE SOLUTIONS AROUND THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $596,300 Revenue: $472,994

EXPANDED A NETWORK OF TOP GLOBAL INNOVATORS IN HEALTHCARE AND BUILT PROGRAMS FOR SHARING EXPERTISE AND FACILITATING CONNECTIONS AND COLLABORATIONS. ORGANIZED AND HOSTED ANNUAL FORUM (CONFERENCE)...

EXPANDED A NETWORK OF TOP GLOBAL INNOVATORS IN HEALTHCARE AND BUILT PROGRAMS FOR SHARING EXPERTISE AND FACILITATING CONNECTIONS AND COLLABORATIONS. ORGANIZED AND HOSTED ANNUAL FORUM (CONFERENCE), BRINGING TOGETHER CORPORATE AND GLOBAL HEALTH LEADERS, INVESTORS, AND LEADING INNOVATORS TO FACILITATE KEY CONNECTIONS. DEVELOPED AND DISSEMINATED KNOWLEDGE, INCLUDING PROFILES AND CASE STUDIES OF INNOVATIVE HEALTHCARE DELIVERY MODELS WORLDWIDE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $260,713

Program Service Revenue $472,994

Investment Income $0

Other Revenue $0

TOTAL REVENUE $733,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $190,565

Fundraising Expenses $21,021

Program Expenses $596,300

Other Expenses $740,379

TOTAL EXPENSES $930,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$733,707	$1,356,330	-0.5%
Expenses	$930,944	$1,183,657	-0.2%
Net Income	$-197,237	$172,673	-2.1%

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

N/A

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

$1,006,726

Total Directors

$1,948,638

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BEYRER	DIRECTOR	0.10	Director	$0	$33,573	$569,525
SHYAM BISHEN	DIRECTOR	0.10	Director	$0	$0	$0
VICTOR J DZAU	DIRECTOR	0.10	Director	$0	$0	$0
NICOLAUS HENKE	DIRECTOR	0.10	Director	$0	$0	$0
MARK MCCLELLAN	DIRECTOR	0.10	Director	$0	$63,737	$548,814
SUSANNA NAGGIE	DIRECTOR	0.10	Director	$0	$62,537	$432,122
KRISHNAKUMAR UDAYAKUMAR	DIRECTOR/PRESIDENT	0.10	Officer Director	$0	$57,488	$398,177
LISA BOURGET	VICE PRESIDENT/SECRETARY	0.10	Officer	$0	$40,774	$263,546
KATHRYN THORNSVARD	TREASURER	0.10	Officer	$0	$50,949	$345,003
LISA VARANI	FORMER OFFICER	0.00		$0	$66,135	$323,770

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	No data	No data	No data	No data
2024	$733,707	$930,944	$607,723	$-197,237
2023	$1,356,330	$1,183,657	$892,184	$172,673
2023	$1,356,330	$1,183,657	$892,184	$172,673
2022	$1,138,318	$988,705	$948,602	$149,613
2021	$1,334,750	$1,453,735	$1,099,133	$-118,985
2020	$955,464	$954,592	$1,533,432	$872
2019	$955,116	$971,685	$647,706	$-16,569
2018	$806,305	$684,102	$664,275	$122,203