OAK PARK, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEALTHCARE EDUCATION RESEARCH AND INNOVATION FOUNDATION, founded in 2011, is a small nonprofit in the Health Care sector that reported $183K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $426K exceeded revenue, resulting in a 133% operating deficit.
Purpose is to develop and support high impact programs that seek to transform patient-centered care for individual, families and communities.We provide resources, support and partnerships that enable healthcare and social professionals to enhance their skills, knowledge, and expertise while fostering innovations and research that drives new discoveries and improves outcomes.Through collaboration with passionate leaders and thoughtful execution, HERIF supports our partners goals to make a positive difference in the quality and efficiency of healthcare, especially in non-institutional settings and areas of health inequity.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $182,985 | $202,785 | -0.1% |
| Expenses | $425,616 | $197,917 | +1.2% |
| Net Income | $-242,631 | $4,868 | -50.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| EMILY H HERRERA | DIRECTOR OF DEVELOPMENT & PROGRAMS | 40.00 |
|
$97,250 | $0 | $97,250 |
| DHERRAJ MAHAJAN | President & CEO | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT BAUERSCHMIDT | Director | 0.00 |
Director
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$0 | $0 | $0 |
| EDWARD CUCCI | Treasurer | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAN ROMAN | Executive Dir. | 10.00 |
Officer
Director
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$0 | $0 | $0 |
| JILL BUSH | Director | 0.00 |
Director
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $182,985 | $425,616 | $1,026,561 | $-242,631 |
| 2023 | $202,785 | $197,917 | $1,289,173 | $4,868 |
| 2022 | $1,250,000 | $5,696 | $1,250,000 | $1,244,304 |
Compare HEALTHCARE EDUCATION RESEARCH AND INNOVATION FOUNDATION with other nonprofits in Illinois and across the country.