INSTITUTE FOR HEALTHCARE IMPROVEMENT (EIN 383017223) - 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

1992

Legal Domicile

Principal Officer

KEDAR MATE

Phone

6173014800

Tax Period

2024-05-01 to 2025-04-30

INSTITUTE FOR HEALTHCARE IMPROVEMENT, founded in 1992, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $57.3M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Net assets of $133.2M represent 28 months of operating reserves.

Mission

TO IMPROVE HEALTH AND HEALTH CARE 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 (2024)

Revenue Breakdown

Contributions & Grants $12,726,501

Program Service Revenue $37,521,046

Investment Income $5,650,801

Other Revenue $1,444,104

TOTAL REVENUE $57,342,452

Expense Breakdown

Grants Paid $491,941

Salaries & Benefits $33,675,476

Fundraising Expenses $0

Program Expenses $46,444,527

Other Expenses $24,698,523

TOTAL EXPENSES $58,865,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,342,452	$74,440,870	-0.2%
Expenses	$58,865,940	$72,853,642	-0.2%
Net Income	$-1,523,488	$1,587,228	-2.0%

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

198

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

$2,877,312

Total Directors

$1,169,094

Key Employees

$3,666,043

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN SCOTT BLOUIN RN PHD FACHE	DIRECTOR	1.00	Director	$0	$0	$0
BETH DALEY ULLEM MBA	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY LOUISE MALONE PHD RN	DIRECTOR	1.00	Director	$0	$0	$0
DONALD BERWICK	FORMER CEO, DIRECTOR	19.00	Director	$229,167	$0	$229,167
ENRIQUE RUELAS MD MPA MHSC	DIRECTOR (END 4/2024)	4.00	Director	$0	$0	$0
FOLA LAOYE BSC MBA ACA	DIRECTOR	1.00	Director	$0	$0	$0
GERALD B HICKSON MD	DIRECTOR	1.00	Director	$0	$0	$0
KARA WALKER MD MPH MSHS	DIRECTOR	1.00	Director	$0	$0	$0
KEDAR MATE	CEO (ENDED 1/25)	40.00	Officer Director	$899,833	$40,094	$939,927
MARY BETH NAVARRA-SIRIO MBA RN	DIRECTOR	1.00	Director	$0	$0	$0
REBEKAH E GEE MD MPH	DIRECTOR	1.00	Director	$0	$0	$0
SAM R WATSON MSA CPPS	DIRECTOR	1.00	Director	$0	$0	$0
SIDNEY KLAJNER MD	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN PATRICIA EHRLICH MD MPP	DIRECTOR (STARTED 5/1/24)	1.00	Director	$0	$0	$0
SYLVIA DENISE TRENT-ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
TORITSESAN TOSAN BOYO MPH	DIRECTOR	1.00	Director	$0	$0	$0
AMY HOSFORD-SWAN	CHIEF FIN/ADMIN OFFICER	40.00	Officer	$475,918	$39,090	$515,008
MELISSA PANAGIDES-BUSCH	INTERIM CEO & COO (BEG 12/24)	40.00	Officer	$415,992	$31,327	$447,319
NANA TWUM-DANSO	SENIOR VICE PRESIDENT	40.00	Officer	$382,717	$65,139	$447,856
PIERRE BARKER	CHIEF SCIENTIFIC OFFICER	40.00	Officer	$490,720	$36,482	$527,202
CAMILLE BURNETT	VICE PRESIDENT, HEALTH EQUITY	40.00	Key Emp	$303,855	$39,020	$342,875
CATHLEEN DUFFY	VICE PRESIDENT, FINANCE	40.00	Key Emp	$289,091	$22,551	$311,642
CLAIRE CARNES	VICE PRESIDENT, MARKETING	40.00	Key Emp	$153,732	$35,964	$189,696
JAFET ARRIETA	VICE PRESIDENT, DELI & MEL-D	40.00	Key Emp	$238,262	$16,034	$254,296
JEFFREY SALVON-HARMAN	VICE PRESIDENT, SAFETY	40.00	Key Emp	$271,923	$19,229	$291,152
JENNIFER LENOCI-EDWARDS	VICE PRESIDENT, DELIVERY	40.00	Key Emp	$292,925	$12,666	$305,591
JENNIFER WALKER	VICE PRESIDENT, HUM RESOURCES	40.00	Key Emp	$249,755	$37,976	$287,731
JILL DUNCAN	VICE PRESIDENT, DELIVERY	40.00	Key Emp	$250,663	$37,994	$288,657
LESLIE NICHOL	VICE PRESIDENT, DELIVERY (ENDED 7/24)	40.00	Key Emp	$154,239	$19,454	$173,693
NEEL VORA	VICE PRESIDENT, INFO TECH	40.00	Key Emp	$261,314	$32,010	$293,324
PEDRO DELGADO	VICE PRESIDENT, DELIVERY	40.00	Key Emp	$291,327	$21,314	$312,641
SODZI SODZI-TETTEY	VICE PRESIDENT, DELIVERY	40.00	Key Emp	$294,923	$21,637	$316,560
VALERIE SPALDING	VICE PRESIDENT, BUS DEVELOP	40.00	Key Emp	$261,958	$36,227	$298,185
ALICE BONNER	SENIOR DIRECTOR	40.00	Highest	$225,805	$14,257	$240,062
DAVID COLETTA	EXECUTIVE DIRECTOR, ALLIA MGT	40.00	Highest	$226,905	$30,040	$256,945
JOSHUA CLARK	VICE PRESDIENT, QUALI & SAFETY OPER SYSTEMS	40.00	Highest	$206,777	$24,213	$230,990
PATRICIA MCGAFFIGAN	VICE PRESIDENT, DELIVERY	40.00	Highest	$307,712	$28,186	$335,898
ROBERT LLOYD	VICE PRESIDENT, IMPR SCI & METHODS	40.00	Highest	$323,278	$39,752	$363,030

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	$57,342,452	$58,865,940	$161,692,830	$-1,523,488
2024	$74,440,870	$72,853,642	$168,132,805	$1,587,228
2023	$52,355,673	$68,658,962	$154,882,961	$-16,303,289
2022	$107,185,791	$52,650,183	$160,308,217	$54,535,608
2021	$51,085,036	$46,370,998	$149,818,063	$4,714,038
2020	$51,479,049	$56,558,236	$117,532,228	$-5,079,187
2019	$63,599,152	$60,785,706	$121,895,206	$2,813,446
2018	$56,099,487	$57,308,609	$121,328,029	$-1,209,122

INSTITUTE FOR HEALTHCARE IMPROVEMENT