INNOVATIVE HEALTH SOLUTIONS (EIN 453957719) - 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

2012

Legal Domicile

Principal Officer

NORMA LISENKO

Phone

7072055572

Tax Period

2022-07-01 to 2023-06-30

INNOVATIVE HEALTH SOLUTIONS, founded in 2012, is a community nonprofit in the Health Care sector that reported $1.2M in total revenue in fiscal year 2022. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

INNOVATIVE HEALTH SOLUTIONS IS DEDICATED TO PLAYING A LEADERSHIP ROLE IN CONNECTING PRIVATE ORGANIZATIONS TO CREATE COLLECTIVE POLICY, SYSTEMS, AND ENVIRONMENTAL COMMUNITY CHANGES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,229,169

Program Service Revenue $6,000

Investment Income $8

Other Revenue $-1,996

TOTAL REVENUE $1,233,181

Expense Breakdown

Grants Paid $164

Salaries & Benefits $692,462

Fundraising Expenses $34,906

Program Expenses $1,079,184

Other Expenses $546,209

TOTAL EXPENSES $1,238,835

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,233,181	$872,403	+0.4%
Expenses	$1,238,835	$829,653	+0.5%
Net Income	$-5,654	$42,750	-1.1%

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

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

$156,219

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORINNE L QUINN	PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHERINE HAWKSWORTH	SECRETARY	2.00	Officer Director	$0	$0	$0
DINORA E CORRIE	TREASURER	2.00	Officer Director	$0	$0	$0
NORMA LISENKO	CHIEF EXECUTIVE OFFICER	40.00	Officer	$153,632	$2,587	$156,219
REBA MEIGS	FORMER CHIEF EXECUTIVE OFFICER	40.00		$145,440	$1,291	$146,731

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	$1,233,181	$1,238,835	$154,090	$-5,654
2022	$872,403	$829,653	$142,521	$42,750
2021	$629,563	$864,902	$45,039	$-235,339
2020	$499,693	$471,428	$36,102	$28,265
2019	$363,649	$247,326	$186,728	$116,323
2018	$399,589	$346,254	$95,014	$53,335

INNOVATIVE HEALTH SOLUTIONS