COLLEGE OF HEALTHCARE INFORMATION MANAGEMENT EXECUTIVES FOUNDATION

EIN: 383161904

ANN ARBOR, MI

Total Revenue
$8,085,833
Total Expenses
$7,197,907
Total Assets
$11,960,979
Net Assets
$7,719,517
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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
1994
Legal Domicile
IL
Phone
7346650000
Tax Period
2023-10-01 to 2024-09-30

COLLEGE OF HEALTHCARE INFORMATION MANAGEMENT EXECUTIVES FOUNDATION, founded in 1994, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2023. Expenses of $7.2M left a modest 11% surplus.

Mission

THE ORGANIZATION SERVES THE PROFESSIONAL DEVELOPMENT NEEDS OF HEALTHCARE I.T. EXECUTIVES AND STRIVES TO IMPROVE THE OVERALL COST EFFICIENCY OF THE HEALTHCARE INDUSTRY.

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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 $0
Program Service Revenue $8,033,674
Investment Income $51,463
Other Revenue $696
TOTAL REVENUE $8,085,833

Expense Breakdown

Grants Paid $3,910,000
Salaries & Benefits $2,795,268
Fundraising Expenses $0
Program Expenses $0
Other Expenses $492,639
TOTAL EXPENSES $7,197,907

Year-over-Year Comparison

2023 2022 Change
Revenue $8,085,833 $7,918,516 +0.0%
Expenses $7,197,907 $7,041,366 +0.0%
Net Income $887,926 $877,150 +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

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Governance

Voting Members
11
Independent Members
10
Employees
32
Volunteers
100

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
5
$1,982,187
Total Directors
15
$981,748
Key Employees
1
$364,727
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aaron Miri Secretary 3.0
Officer Director
$0 $0 $6,500
Russell Branzell President & CEO 8.0
Officer Director
$0 $94,461 $970,248
Scott Maclean Chair 3.0
Officer Director
$0 $0 $0
Ajay Kapare Trustee 2.0
Director
$0 $0 $0
Andrea Daugherty Trustee 2.0
Director
$0 $0 $0
Carter Groome Trustee 2.0
Director
$0 $0 $0
Daniel Nigrin Trustee - (Term End 12/31) 2.0
Director
$0 $0 $0
George Hickman Trustee - (Term End 12/31) 2.0
Director
$0 $0 $0
Helen Waters Trustee 2.0
Director
$0 $0 $0
John Kravitz Trustee 2.0
Director
$0 $0 $0
Rusty Yeager Trustee - (Term End 12/31) 2.0
Director
$0 $0 $0
Sarah Richardson Trustee - (Term End 12/31) 2.0
Director
$0 $0 $5,000
Sean Kelly Trustee 2.0
Director
$0 $0 $0
Tanya Townsend Trustee 2.0
Director
$0 $0 $0
Zane Burke Trustee 2.0
Director
$0 $0 $0
Edwin Czopek EVP & CFO 5.0
Officer
$0 $41,935 $401,780
Keith Fraidenburg EVP & COO 10.0
Officer
$0 $56,071 $603,659
Barbara Sivek EVP & CCO 40.0
Key Emp
$323,147 $41,580 $364,727
Caitlin Kelly Sr. Director, Business Development 40.0
Highest
$206,415 $689 $207,104
David Finn VP, AHEIS, AEHIT, AEHIA 40.0
Highest
$217,888 $13,212 $231,100
Jane Bogue Vice President & Chief Revenue Officer 40.0
Highest
$260,649 $13,839 $274,488
Lorren Pettit Sr, Director, Digital Health Analytics 40.0
Highest
$191,487 $2,779 $194,266
Michelle Patterson VP Member Relations & Foundation 40.0
Highest
$151,918 $2,007 $153,925
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 $8,085,833 $7,197,907 $11,960,979 $887,926
2023 $7,918,516 $7,041,366 $9,799,560 $877,150
2022 $7,293,364 $5,151,839 $8,975,896 $2,141,525
2021 $6,031,659 $4,927,135 $6,041,405 $1,104,524
2020 $6,059,224 $7,199,917 $4,780,874 $-1,140,693
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