HEALTH SOLUTIONS RESEARCH INC

EIN: 462692542 501(c)(3) Health Care

ROCKVILLE, MD

Total Revenue
$310,681
Total Expenses
$1,320,715
Total Assets
$226,410
Net Assets
$223,950
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MD
Principal Officer
AJAY K GUPTA
Phone
2407310756
Tax Period
2023-01-01 to 2023-12-31

HEALTH SOLUTIONS RESEARCH INC, founded in 2013, is a small nonprofit in the Health Care sector that reported $311K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 325% operating deficit.

Mission

TO RESEARCH THE NEEDS OF PATIENTS AND PROVIDERS IN AN EFFORT TO INCREASE ACCESS TO HIGH QUALITY HEALTH CARE IN AMERICA.

Program Service Accomplishments

Program 1
Expenses: $230,078 Revenue: $4,646

HSR IS DEVELOPING A GEOGRAPHIC INFORMATION SYSTEM INTO AN AI-BASED GEOSPATIAL DATA ANALYTIC PLATFORM CALLED THE GEOMD PLATFORM. WE ARE LEVERAGING THIS PLATFORM TO ADDRESS POPULATION HEALTH CHALLENGES...

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HSR IS DEVELOPING A GEOGRAPHIC INFORMATION SYSTEM INTO AN AI-BASED GEOSPATIAL DATA ANALYTIC PLATFORM CALLED THE GEOMD PLATFORM. WE ARE LEVERAGING THIS PLATFORM TO ADDRESS POPULATION HEALTH CHALLENGES INCLUDING HEALTHCARE ACCESS, NON-EMERGENCY MEDICAL TRANSPORTATION, THE OPIOID EPIDEMIC, MATERNAL AND CHILD HEALTH, HOSPITAL READMISSION RATES, ETC. WE CONTINUE TO DEVELOP THE GEOMD PLATFORM AND HAVE USED IT TO ALSO IDENTIFY THE HEALTH AND MEDICAL NEEDS OF A DISASTER IMPACTED POPULATION, THE HEALTHCARE COST MANAGEMENT FOR A CAPITATED POPULATION (E.G., MEDICARE POPULATIONS), AS WELL AS IDENTIFYING AND ADDRESSING THE ROOT CAUSES OF HEALTH INEQUITY. WE HAVE EXPANDED ITS MACHINE LEARNING AND AI CAPABILITIES, AS WELL AS ITS CAPABILITIES TO INGEST NOVEL DATA SOURCES, SUCH AS SATELLITE IMAGERY.

Program 2
Expenses: $230,078 Revenue: $4,646

HSR HAS BUILT A GEOSPATIAL APPLICATION, WITH THE SUPPORT OF THE U.S. FEDERAL EMERGENCY MANAGEMENT AGENCY (FEMA) AND THE U.S. GEOLOGICAL SURVEY (USGS) THAT MERGES HEALTH, SOCIAL, AND ENVIRONMENTAL...

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HSR HAS BUILT A GEOSPATIAL APPLICATION, WITH THE SUPPORT OF THE U.S. FEDERAL EMERGENCY MANAGEMENT AGENCY (FEMA) AND THE U.S. GEOLOGICAL SURVEY (USGS) THAT MERGES HEALTH, SOCIAL, AND ENVIRONMENTAL DATA FROM NUMEROUS DISPARATE SOURCES TO IDENTIFY IN ADVANCE THE HEALTH NEEDS OF A DISASTER IMPACTED POPULATION AND COMMUNICATE THAT INFORMATION TO EMERGENCY RESPONSE MANAGERS (FOR PLANNING, RESOURCE ALLOCATION, AND TRACKING PURPOSES) AS WELL AS TO ON-THE-GROUND EMERGENCY MEDICAL RESPONDERS (FOR CARE DELIVERY PURPOSES). THIS APPLICATION, CALLED THE DISASTER HEALTH RISK INDEX, RESIDES ON THE GEOMD PLATFORM.

Program 3
Expenses: $690,235 Revenue: $13,936

HSR DEVELOPED THE DISASTER HEALTH RISK INDEX TO IDENTIFY IN ADVANCE THE HEALTH AND MEDICAL NEEDS OF A DISASTER-IMPACTED POPULATION. THIS RISK INDEX HAS BEEN TAILORED TO SEVERAL INDIVIDUAL DISASTERS...

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HSR DEVELOPED THE DISASTER HEALTH RISK INDEX TO IDENTIFY IN ADVANCE THE HEALTH AND MEDICAL NEEDS OF A DISASTER-IMPACTED POPULATION. THIS RISK INDEX HAS BEEN TAILORED TO SEVERAL INDIVIDUAL DISASTERS, INCLUDING HURRICANE, STORM SURGE, WILDFIRE, DROUGH, EXTREME HEAT, FLOOD, LANDSLIDE, AND IS EXTENSIBLE TO OTHER NATURAL AND MAN-MADE DISASTERS. THE DISASTER HEALTH RISK INDEX CAN ALSO BE EXTENDED TO CO-INCIDENT NATURAL DISASTERS, SUCH AS FLOOD AND LANDSLIDES, OR EXTREME HEAT AND WILDFIRE. THE DISASTER HEALTH RISK INDEX PROVIDES EMERGENCY RESPONSE, PUBLIC HEALTH, CITY AND URBAN PLANNERS, ECONOMIC DEVELOPMENT AND COMMUNITY DEVELOPMENT ORGANIZATIONS VISIBILITY IN ADVANCE INTO THE HEALTH AND MEDICAL NEEDS OF THE IMPACTED POPULATIONS AS WELL AS GUIDANCE ON RESOURCE ALLOCATION TO SERVE THOSE NEEDS AS WELL AS MITIGATE THE DISASTER IMPACT. THE DISASTER HEALTH RISK INDEX HAS BEEN EXTENDED TO ASSESSING THE HEALTH IMPACT OF PLASTIC CONTAMINATION OF OUR OCEANS AND BODIES OF WATER.

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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 $269,045
Program Service Revenue $23,228
Investment Income $18,408
Other Revenue $0
TOTAL REVENUE $310,681

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,123,356
Fundraising Expenses $0
Program Expenses $1,150,391
Other Expenses $197,359
TOTAL EXPENSES $1,320,715

Year-over-Year Comparison

2023 2022 Change
Revenue $310,681 $432,774 -0.3%
Expenses $1,320,715 $1,809,365 -0.3%
Net Income $-1,010,034 $-1,376,591 -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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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
N/A
Employees
11
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
2
$385,288
Total Directors
1
$193,942
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AJAY GUPTA PRESIDENT & CEO 40.00
Officer Director
$191,346 $2,596 $193,942
RAM PERUVEMBA VICE PRESIDENT 40.00
Officer
$191,346 $0 $191,346
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
2023 $310,681 $1,320,715 $226,410 $-1,010,034
2022 $432,774 $1,809,365 $1,256,011 $-1,376,591
2021 $174,058 $1,482,253 $2,598,360 $-1,308,195
2020 $4,304,701 $635,703 $3,942,410 $3,668,998
2019 $57,110 $84,637 $273,412 $-27,527
2018 $123,468 $82,148 $300,939 $41,320
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