INSTITUTE FOR HEALTHCARE ADVANCEMENT (EIN 330483197) - 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

1991

Legal Domicile

Principal Officer

RONALD CHOW

Phone

5626904001

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE FOR HEALTHCARE ADVANCEMENT, founded in 1991, is a community nonprofit in the Health Care sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. Expenses of $5.4M exceeded revenue, resulting in a 83% operating deficit.

Mission

"EMPOWERING PEOPLE TO BETTER 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $697,598

Program Service Revenue $1,554,862

Investment Income $719,772

Other Revenue $0

TOTAL REVENUE $2,972,232

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $3,182,047

Fundraising Expenses $0

Program Expenses $4,458,736

Other Expenses $2,247,138

TOTAL EXPENSES $5,444,185

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,972,232	$1,474,264	+1.0%
Expenses	$5,444,185	$5,048,338	+0.1%
Net Income	$-2,471,953	$-3,574,074	-0.3%

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

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

$1,767,784

Total Directors

$915,108

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT E BARNETT MD	CHAIRMAN (LEFT DEC 2023)	20.00	Officer Director	$307,117	$27,549	$334,666
MICHAEL VILLAIRE MSLM	CEO AND PRESIDENT	40.00	Officer Director	$503,274	$77,168	$580,442
S ERIC ANDERSON PHD MBA	DIRECTOR	2.00	Director	$0	$0	$0
KAMBIZ ARMAN MD	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE S GOLDSTEIN PHD	DIRECTOR (LEFT JAN 2023)	2.00	Director	$0	$0	$0
BARBARA PRICE MBA	DIRECTOR	2.00	Director	$0	$0	$0
DUANE SAIKAMI PHARMD MBA	DIRECTOR (LEFT AUG 2023)	2.00	Director	$0	$0	$0
LINDA NEUHAUSER DRPH	DIRECTOR	2.00	Director	$0	$0	$0
WILMA ALVARADO-LITTLE MA MSW	DIRECTOR	2.00	Director	$0	$0	$0
RONALD CHOW MBA	CFO	40.00	Officer	$252,433	$15,497	$267,930
NICHOLAS COLLATOS	COO	40.00	Officer	$280,521	$21,205	$301,726
MARIAN RYAN PHD MA MPH	CHIEF POLICY & RESEARCH	40.00	Officer	$268,075	$14,945	$283,020
MARIO MELIA	DIRECTOR OF IT	40.00	Highest	$137,523	$7,357	$144,880
RACHEL ROBERTS MPH CHES	COMM HEALTH ENGAGEMENT	40.00	Highest	$116,471	$8,285	$124,756
BETH L SCOTT	SALES & MARKETING DIRECTOR	40.00	Highest	$106,743	$6,083	$112,826

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
2024	No data	No data	No data	No data
2023	$2,972,232	$5,444,185	$23,668,312	$-2,471,953
2022	$1,474,264	$5,048,338	$24,348,402	$-3,574,074
2021	$8,235,248	$5,315,822	$30,635,904	$2,919,426
2020	$1,168,382	$5,355,548	$25,802,359	$-4,187,166
2019	$4,328,128	$5,451,847	$27,533,416	$-1,123,719
2018	$2,644,479	$4,687,638	$26,412,480	$-2,043,159

INSTITUTE FOR HEALTHCARE ADVANCEMENT